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

Here are the significant Wall Street recommendations for Tuesday:

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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.

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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.

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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.

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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.

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

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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.

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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.

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

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

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

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

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

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

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

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

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

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

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