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Tuesday’s Biggest Analyst Calls: Nvidia, Apple, Nike, Tjx, Disney, Peloton, Re/max, Home Depot & More

November 7, 2023
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Here are the significant Wall Street recommendations for Tuesday:

RBC has initiated Home Depot with a "sector perform" rating, expressing concerns about several near-term negative factors impacting the company, despite long-term potential.

Evercore ISI has initiated Nike with an "outperform" rating, believing that the company's fundamentals have hit their lowest point, especially with improving inventory levels.

UBS recommends buying Paycom, particularly on market dips, as a more positive risk-on outlook emerges with decreasing interest rates, identifying attractive opportunities in the payroll and software sector.

Morgan Stanley maintains its "overweight" rating on Apple, highlighting the company's promising long-term prospects despite potential short-term challenges in consumer goods demand.

Citi has initiated BridgeBio as a "buy," emphasizing the company's diverse and extensive therapeutic pipeline in the biotechnology field.

Deutsche Bank downgrades Peloton to "hold" from "buy," expressing concerns about the uncertainty of growth drivers, despite acknowledging the company's potential for growth in the medium term.

Edward Jones upgrades Hewlett Packard to "buy" from "hold," considering the stock to be attractively valued and expecting a return to growth in the PC market.

DA Davidson upgrades Appian to "buy" from "hold," based on the company's strong performance in the cloud computing sector.

Wells Fargo reiterates Disney as "overweight," anticipating significant developments in Disney's direct-to-consumer profitability and adjusting financials and estimates.

Morgan Stanley initiates Tal Education as "overweight," regarding the company as a defensive choice in the turbulent ADR market.

Morgan Stanley names TotalEnergies as a top pick, noting the company's resource depth and resilience, particularly in uncertain market conditions.

Evercore ISI has initiated TJX Companies as "outperform," highlighting the company's strong execution and potential for share gains.

UBS initiates Thomson Reuters as "buy," considering the media analytics company to be a beneficiary of AI investments in the sector.

Goldman Sachs upgrades DigitalOcean to "buy" from "sell," identifying the company as underappreciated and suggesting investors take advantage of recent stock underperformance.

Morgan Stanley reiterates Tesla as "overweight," acknowledging the need for better execution but maintaining confidence in the company's prospects.

Melius reiterates Nvidia as a "buy," citing an increase in share price momentum and the company's evolving business model.

DA Davidson upgrades Monday.com to "buy" from "neutral," perceiving the recent share price dislocation as not fundamentally based and a good buying opportunity.

Morgan Stanley downgrades Re/Max to "underweight" from "equal weight," citing negative catalysts and potential execution risks, particularly in light of expected management changes.

Editorial Board
Eric Ng
John Liu
Editorial Board
Bryan Curtis
Adan Harris
Managing Editor
Cathy Hills
Associate Editor

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