Here are the notable recommendations from Wall Street on Tuesday:
Wells Fargo reaffirms Microsoft as overweight
Wells Fargo increased its price target for Microsoft to $425 per share from $410, citing ongoing positive catalysts after Q1 results.
Needham initiates Docebo as a buy
Needham recommends buying shares of the learning management software company, emphasizing its substantial total addressable market of $25 billion.
Deutsche Bank upgrades Take-Two to buy from hold
Deutsche Bank upgraded Take-Two to a buy, citing improved long-term visibility and raised its 12-month price target to $175.
UBS upgrades Agiliti to buy from hold
UBS upgraded Agiliti to buy, anticipating cost improvement, execution of a turnaround plan, and positive outcomes for a challenged customer base.
Morgan Stanley downgrades Freyr Battery to equal weight from overweight
Morgan Stanley downgraded Freyr Battery, pointing out significant challenges and suggesting a discounted stock value until progress is demonstrated.
Barclays upgrades Fortrea to overweight from equal weight
Barclays upgraded health contract research company Fortrea to overweight, foreseeing improved bookings and positive trends leading to EBITDA upside in '24.
Barclays upgrades Mosaic and Nutrien to overweight from underweight
Barclays upgraded several potash and agriculture companies, including Mosaic and Nutrien, citing an attractive entry point after recent underperformance.
JPMorgan downgrades BeautyHealth to underweight from neutral
JPMorgan downgraded BeautyHealth, highlighting numerous negative catalysts, including a significant revision to the financial outlook and the CEO's exit.
Bernstein reaffirms Apple as market perform
Bernstein maintains its market perform rating on Apple, noting gross margin improvement and predicting overall margin improvement due to a shift to services.
Redburn Atlantic Equities reaffirms Amazon as buy
Redburn sees substantial upside for Amazon, emphasizing the potential reacceleration of AWS, robust e-commerce performance, and improving free cash flow.
Goldman Sachs reaffirms Nvidia as buy
Goldman Sachs expresses bullish sentiment ahead of Nvidia's earnings, anticipating strong results and constructive guidance.
Baird upgrades Aspen Technology to outperform from neutral
Baird upgraded Aspen Technology, highlighting its "best-in-class" profitability and established position in selling optimization software for over 35 years.
Bernstein upgrades Kraft Heinz to outperform from market perform
Bernstein upgraded Kraft Heinz, citing its inexpensive valuation, relative positioning in the market, and an improved business model.
Roth MKM initiates Marvell as buy
Roth MKM initiates coverage on Marvell Technology with a buy rating, citing its well-positioned portfolio in the data infrastructure sector.
Roth MKM initiates Advanced Micro Devices as buy
Roth MKM initiates coverage on Advanced Micro Devices with a buy rating, emphasizing its differentiated portfolio in high-performance computing.
Morgan Stanley reaffirms Tesla as overweight
Morgan Stanley maintains its overweight rating on Tesla, stating that share price performance will likely be determined by capital efficiency.
Evercore ISI adds Adobe to the core ideas list
Evercore ISI includes Adobe in its core ideas list, believing the stock is well-positioned heading into 2024.
TD Cowen upgrades Surgery Partners to outperform from market perform
TD Cowen upgraded Surgery Partners based on valuation, deeming it a reasonably priced growth opportunity.
Barclays reaffirms Disney as equal weight
Barclays reiterates an equal weight rating on Disney, expressing difficulty in finding upside potential for the shares.
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