Tuesday's Biggest Analyst Calls: Apple, Dell, Oracle, Tesla, Chevron, Walmart, UPS, Alphabet, Broadcom & More

Here are Tuesday’s biggest calls on Wall Street:

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JPMorgan Upgrades SL Green Realty

JPMorgan has raised its rating on SL Green Realty from underperform to neutral, citing a reduced risk profile for the real estate investment trust. The firm believes the company has the potential to enhance internal growth over the next few years. With manageable capital costs and strong access to funding, SL Green is well-positioned to pursue profitable investments. JPMorgan also anticipates an uptick in office property transactions in New York City after years of limited activity.

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Bernstein Initiates AT&T as Outperform

AT&T has been initiated with an outperform rating by Bernstein, signaling optimism about the telecom giant's performance. Bernstein noted that after years of venturing into non-core areas, AT&T is now excelling in managing rates and volume, which are core to its success.

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Truist Initiates Bowlero with Buy Rating

Truist began coverage of Bowlero, the bowling entertainment company, with a buy rating. Analysts see significant potential for earnings growth and valuation expansion over the next two years, driven by Bowlero's pivot toward organic growth. They believe this shift has not yet been fully recognized by the broader market.

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Redburn Atlantic Equities Reiterates Walmart as Buy

Walmart remains a strong buy for Redburn Atlantic Equities, which has doubled down on the retailer's potential heading into 2025. While 2025 may not replicate the stock’s 2024 growth, analysts foresee consistent low double-digit earnings growth with potential upside, making Walmart a solid pick in a challenging retail environment.

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Citi Names Apple a Top Pick for 2025

Citi continues to view Apple as a top investment idea for 2025. Analysts noted that services sales are performing slightly above expectations, while product sales are modestly lagging, maintaining their outlook for the company.

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Morgan Stanley Names Tesla a Top Pick for 2025

Tesla received a price target increase from Morgan Stanley, rising from $310 to $400 per share. The firm cited strong investor interest in AI, renewable energy, robotics, and U.S. technological leadership, all of which align with Tesla's focus.

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Bernstein Upgrades American Airlines to Outperform

Bernstein upgraded American Airlines from market perform to outperform, highlighting the positive industry environment and a lucrative co-branded credit card deal with Citi. This deal is expected to generate significant cash flow, aiding the airline’s debt reduction efforts.

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Piper Sandler Upgrades Vimeo to Overweight

Vimeo received an upgrade from Piper Sandler, moving from neutral to overweight. The firm praised Vimeo's restructuring efforts over the past two years, particularly its streamlined marketing approach, and named it a top small-cap pick.

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Piper Sandler Names Alphabet a Top Pick

Piper Sandler remains bullish on Alphabet, citing survey data that suggests a product-driven resurgence for the tech giant heading into 2025.

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Piper Sandler Downgrades Pinterest

Pinterest was downgraded to neutral from overweight by Piper Sandler. The firm expressed reservations about Pinterest's business model following two quarters of mixed results.

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Goldman Sachs Upgrades Norwegian Cruise Line to Buy

Norwegian Cruise Line received an upgrade from Goldman Sachs, which raised the stock to buy from neutral. Analysts anticipate continued momentum in the cruise industry, fueled by growing demand from first-time passengers and strong pricing power. Additionally, the cost gap between cruises and land-based vacations remains favorable.

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Mizuho Upgrades Ball Corporation to Outperform

Mizuho upgraded Ball Corporation to outperform, advising investors to capitalize on recent share price weakness. As a global leader in beverage cans, Ball’s financial risks have been reduced, and the company has resumed share buybacks.

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JPMorgan Upgrades Cipher Mining to Overweight

Cipher Mining was upgraded by JPMorgan to overweight. The firm noted that recent declines in the stock’s price are unjustified, especially given the recent rally in bitcoin prices and the growth in market capitalization across the bitcoin mining sector.

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Citi Reiterates Broadcom as Buy

Citi raised its price target for Broadcom from $175 to $205 ahead of its earnings report. Analysts expect strong results, driven by a recovery in the non-AI semiconductor business and a favorable outlook for gross margins due to a higher software mix.

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BMO Upgrades UPS to Outperform

UPS was upgraded by BMO from market perform to outperform. Analysts highlighted the company's success in leveraging digital and physical access points to offer small- and medium-sized businesses competitive value and exceptional service levels.

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Deutsche Bank Reiterates Oracle as Buy

Following Oracle’s latest earnings report, Deutsche Bank reiterated its buy rating. Analysts pointed to solid second-quarter results, despite currency headwinds affecting the financials.

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Bank of America Adds Chevron to Top Picks List

Chevron has been added to Bank of America’s US 1 list, underscoring its strong performance potential.

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Citi Names Dell a Top Pick for 2025

Dell has been identified by Citi as a top pick for 2025. Analysts are optimistic about the company’s diverse customer base in AI and its comprehensive offerings in computing, storage, and services.

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Morgan Stanley Upgrades General Motors

Morgan Stanley upgraded General Motors from underweight to equal weight, raising its price target from $46 to $54. The firm also increased its bull case to $80 and its bear case to $36, reflecting improving execution within the company.

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