Wall Street’s Tuesday calls span upgrades, initiations and AI-driven growth bets

  • Rosenblatt initiated SanDisk coverage with a Buy rating and a $2,400 12-month target.
  • Jefferies raised Meta’s price target to $875 from $710 while retaining a Buy rating.
  • Morgan Stanley downgraded Ericsson, while Mizuho upgraded Invitation Homes and American Homes 4 Rent.

Wall Street analysts issued a broad set of Tuesday rating changes and new coverage, including bullish calls on technology, financial, energy, health-care, gaming and real-estate companies. Rosenblatt initiated SanDisk with a Buy rating and a $2,400 12-month price target, while Needham began coverage of GE Healthcare Technologies with a Buy rating, saying the shares largely reflected a bear-case outlook. Melius initiated coverage of Kinder Morgan and Williams Companies, describing both midstream stocks as attractive as the sector develops into a high-yield utility hybrid supported by AI data-center growth and global LNG exports. KeyBanc upgraded Plexus to Overweight from Sector Weight and set a $300 price target after investor meetings. Bernstein reiterated Outperform ratings on Nvidia and Broadcom, saying both have strong growth visibility and appear inexpensive even in a constrained environment. Other calls included Piper Sandler’s upgrade of MetLife to Overweight from Neutral; BMO’s Outperform reiteration on Netflix after a survey of 940 U.S. consumers; and Jefferies’ Buy rating on Meta, alongside a price-target increase to $875 from $710. Citi upgraded Fifth Third to Buy from Neutral, Stifel initiated Rush Street Interactive at Buy with a $34 target, and Evercore ISI reiterated CoreWeave at Outperform. Additional bullish initiations covered SiriusPoint, W.P. Carey, Yesway, Everest Group, Pasqal, Deep Fission, Crane NXT and Western Alliance Bancorporation. Morgan Stanley upgraded West Pharmaceutical Services to Overweight and raised its price target to $400, while Bank of America upgraded Eldorado Gold to Buy from Underperform. Morgan Stanley downgraded Ericsson to Underweight from Equal Weight, citing limited revenue growth and a lack of direct AI or data-center exposure. Mizuho upgraded Invitation Homes and American Homes 4 Rent to Outperform from Neutral, pointing to improving subsector dynamics, a growth inflection and defensive characteristics in a higher-rate environment.

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