Here are the biggest calls on Wall Street on Tuesday: Deutsche Bank upgrades First Solar from hold to buy Deutsche said the stock is compelling. “With a prudent selection of Buy ratings across the cleantech spectrum, First Solar remains one of the fundamentally stronger companies for investors looking for a U.S.-based panel producer with a strong balance sheet.” Read more. KeyBank Reiterates NVIDIA Overweight Key said the stock remains in the best position. “We believe NVDA remains uniquely positioned within the industry to benefit from long-term data center growth in AI/ML.” TD Cowen to Acquire US Foods The company said it is well positioned for growth. “Given diversification of exposure to faster-growing, higher-margin subsegments of the industry, we expect USFD to achieve our medium-term guidance framework of 5% revenue growth, 10% adjusted EBITDA growth, and 20% EPS growth.” TD Cowen says it offers differentiated services and is launching Chefs’ Warehouse with the acquisition. “We expect Chefs’ category-leading performance to continue, with record sales in 2026E and above consensus in 2027-28E.” TD Cowen launches Performance Foods following acquisition TD Cowen said it expects volume growth. “We are modeling 2028E EPS of $7+. We expect EPS growth of more than 20% over two years due to procurement cost reductions under our PFG One strategy, M&A synergies and other efficiencies, as well as revenue leverage from our above-consensus foodservice development.” Goldman Sachs Upgrades Rentokil to Acquire from Neutral Status Goldman said it expects solid growth for the business services company. “While Rentokil’s growth currently lags the market, we believe the company’s growth strategy is supporting slow but steady improvement in Pest Services’ organic growth, which we expect to continue over the next few quarters and enable the company to achieve MSD’s organic growth by 2027.” JPMorgan Reiterates Apple as Overweight The firm raised its price target for Apple to $345 from $325 per share. “However, even as investors debate the short-term consumer reaction to unprecedented price increases driven by rising memory costs, we believe there are several factors that could lead to revenue and profit outcomes that are much more favorable than investors currently fear.” Morgan Stanley launches Kingsoft Cloud as overweight Morgan Stanley said it expects a number of benefits for cloud companies. “We like Kingsoft Cloud’s early and solid transition from a mid-tier commodity cloud player to an AI cloud, with AI revenue accelerating rapidly and profitability improving, backed by strong ecosystem support from Xiaomi and Kingsoft Group.” Deutsche Bank creates Vnet Group, Deutsche Bank said it expects strong bookings for the company. “VNET is one of China’s leading carrier-neutral data center operators, serving more than 7,000 enterprise customers through a combination of retail colocation, wholesale hyperscale data centers, cloud services, and enterprise networking.”Morgan Stanley launches SpaceX on a fat note Morgan Stanley said in establishing SpaceX that the company has a lot of upside. “We believe that with our ‘X of 1’ position in space infrastructure, SpaceX can optionally transform energy into intelligence at scale and monetize it through a wide range of consumer and enterprise solutions for the next era of AI…the final frontier.” Wolf ahead of Ferrari, starter Wolf said Ferrari is “undervalued.” “We expect FY27 earnings to accelerate above consensus on the addition of new models, and we also expect FY30 targets to be above consensus due to the pricing benefits of a completely refreshed lineup.” Ross launches acquisition of Jag Uranium as the uranium company is “undervalued,” Ross says. “We have initiated coverage on Jaguar Uranium Corporation (JAGU) with a buy rating and a price target of $3.20. We believe JAGU is undervalued and not followed by the market. Additionally, we believe near-term catalysts should provide the basis for value, resulting in a re-rating of the company’s stock. ” Raymond James says it has a “bullish long-term natural gas outlook” and starts Whitehawk Minerals as a strong buyer. “We believe White Hawk Minerals (WHK) offers investors low-risk exposure to a bullish long-term natural gas outlook over the coming years due to a combination of rising LNG exports and AI-driven power demand.” Barclays launches American Healthcare REIT as overweight Barclays said the senior housing REIT is well-positioned. “American Healthcare REIT (Overweight) stands out for its above-average RIDEA (REIT Investment Diversification and Empowerment Act) exposure and relatively small portfolio, supporting strong internal and external growth. Barclays said the company is firing on all cylinders.”We remain confident in Wise as a high-quality growth compounder, supported by the scale of our platform business, continued market share gains and structural expansion across our Personal sector. “Arlo is the leading AI-enabled software platform for securing and managing connected homes and devices across the smart home security market.” Bank of America upgrades Figma to buy from neutral position Bank of America upgraded the stock as too attractive to ignore. $30 PO, based on 8x CY27E EV/Sales. “Stocks are down 85% from 52-week highs amid concerns that generative AI could disrupt the design layer and compress its value.” Bank of America reinstates Shopify as a buy Bank of America says the company is poised for its next phase of growth “We believe Shopify has the potential to become core, so we are reinstating coverage with a buy and $150 PO based on 22x CY27E EV/Total Earnings.” JPMorgan reiterates Eli Lilly as overweight, raising price target to $1,400 per share from $1,300. “Going into LLY’s second-quarter earnings (August 5th), our expectations are above consensus and we expect strong results based on continued international Munjaro accretion and healthy U.S. growth.” RBC reiterates that Tesla is outperforming. RBC raised its price target to $500 per share from $475. “…we take Tesla’s PT to $500 by incorporating a 25-30% premium to current trading levels (and a 15% premium to the stock’s intrinsic value) given a potential SpaceX acquisition scenario based on unconfirmed media reports.”
