Here are Tuesday's biggest analyst calls: Nvidia, SpaceX, American Airlines, Ralph Lauren, MongoDB & more
Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley reiterates SpaceX as overweight Morgan Stanley said it’s sticking with the space stock. ” SpaceX is passing through ‘peak neocloud.’ Advantages in intelligence-per-watt-per-$-per-second (i/w/$/t) separate the winners. Heading into 2027, we expect SPCX to undergo a profound shift into robotics, mesh networks, and space-based infra.” Cantor Fitzgerald initiates Ralph Lauren as overweight Cantor said it sees plenty of room for growth. ” Ralph Lauren i s one of the strongest and most authentic brands in the sector, run by a premier management team that still has room to expand in all three key geographies, and it is a share-gain compounder in inclusive luxury.” Jefferies reiterates Tesla as hold Jefferies said a merger between SpaceX and Tesla could be more “challenging” now. “Post US mid-terms, the rationale for merging TSLA & SPCX is unchanged, but probably more challenging to implement. Q3 results demonstrated again the relative strength of underlying FCF, which is critical to support broader inv ambitions across Musk-led businesses.” UBS downgrades Carlyle Group to neutral from buy UBS said it has diminishing confidence. “We downgrade CG to Neutral as our confidence in CG’s growth profile and path to its 2028 financial objectives has diminished.” Jefferies initiates Alvotech as buy Jefferies said the biotech company is a turnaround story. “ALVO has established itself as a reliable biosimilar development and manufacturing partner.” JPMorgan upgrades British American Tobacco to overweight from neutral The firm reinstated coverage of the tobacco stock and says it’s an EPS compounder. “Reinstate BATS a t Overweight. The company’s multi-category NGP [next-generation product] development has been vindicated with a step change in US nicotine pouch share whilst leading the category development in Europe.” Jefferies upgrades Riot Platforms to buy from hold Jefferies said the bitcoin miner and digital infrastructure company has plenty of upside ahead. “We upgrade RIOT t o BUY and raise our PT to $28 from $13.” Citi upgrades Securitize to buy from neutral Citi said the risk/reward is improving. “We upgrade SECZ to Buy/High Risk while maintaining our $14 target price. Our October downgrade was driven by elevated expectations, uncertain long-term monetization, and potential lockup-related share supply dynamics. While those considerations remain relevant, we believe the risk/reward has improved meaningfully following the stock’s pullback since mid-October.” UBS upgrades Millicom to buy from neutral UBS said it has increased conviction in the LatAm mobile telecom company. “We upgrade TIGO to Buy from Neutral and raise our PT to $109 from $100 as greater evidence on the underlying operating drivers increases our conviction in the FCF path.” UBS upgrades Morgan Stanley Direct Lending Fund to buy UBS upgraded the stock following earnings. “We upgrade MSDL to Buy from Neutral and lower our PT to $14.50 from $15.50. After reporting 3Q results late last week, shares traded lower, as several challenged credits drove a 3.8% Q/Q NAV decline.” JPMorgan initiates Comfort Systems and Sterling Infrastructure as overweight JPMorgan called both companies “infrastructure juggernauts.” “With this note, we are initiating coverage of Sterling Infrastructure (STRL), Comfort Systems (FIX)…” Goldman Sachs initiates City Therapeutics as early-state biotech Goldman said the biotech company has a robust pipeline. “We initiate coverage on City Therapeutics (CTY) at Early-Stage Biotech. CTY is a clinical-stage biotechnology company developing RNA-interference (RNAi) therapeutics for large-market and rare disease indications.” Citi reiterates Nvidia as buy Citi lowered its price target to $285 per share from $315 ahead of earnings next week. “We expect Nvidia to reiterate its prior FY28E (CY27E) revenue outlook of 70% Y/Y growth.” Wells Fargo reiterates Nvidia as overweight Wells lowered its price target to $300 per share from $315. “We expect NVDA to deliver solid upside in F3Q27, but more importantly provide much needed confidence in the durability of the AI investment cycle. We view supply-side production capacity scaling & visibility into CY28+ demand as key topics.” Rothschild & Co Redburn upgrades American Airlines to buy from neutral The firm said it sees several positive catalysts ahead. “We upgrade American to Buy on its improved network and outer-year margin and FCF generation potential.” BTIG initiates MongoDB as buy BTIG said it sees long-term growth. “We are initiating coverage on MDB with a Buy rating and a $417 PT. We believe several tailwinds can support 20%+ revenue growth over the next few years.” Cantor Fitzgerald initiates Tapestry as overweight Cantor said there’s plenty of room for “earnings growth.” ” Tapestry is an Overweight on a product-and-margin story that the Street still treats conservatively.”
