Listed here are Tuesday’s greatest calls on Wall Avenue: Loop initiates AppLovin as purchase Loop stated the software program writer is an “indispensable infrastructure for the cell gaming trade.” “We’re initiating protection of AppLovin with a Purchase score and $181 PT.” Bernstein initiates Costco as outperform Bernstein stated the corporate is the “highest high quality” within the agency’s protection. “Regardless of COST buying and selling at an costly valuation (~50x P/FE), we imagine that the longevity of its constant earnings energy and development runway is underappreciated.” Bernstein initiates Walmart as outperform The agency stated the massive field retailer is finest positioned. ” WMT is our high decide (Outperform, $95.00 TP) as we anticipate the corporate to leverage its scale to supply nice worth to customers and to develop e-commerce profitably. As WMT’s investments in omni-channel begin to repay, we anticipate EBIT development to meaningfully outpace gross sales development.” Citi upgrades First Photo voltaic to purchase from impartial Citi stated the photo voltaic firm is a winner regardless of who wins the election. “We anticipate FSLR to learn from both candidate profitable the presidential election. A Democratic win could drive sharpest restoration in FSLR shares within the sector whereas a Republican win will possible drive larger tariffs leading to a longer-term restoration.” Learn extra about this name right here. Mizuho initiates Cadence and Synopsys as outperform Mizuho stated it is bullish on each software program corporations. “We’re initiating protection on the Digital Design Automation (EDA) software program trade with Outperform rankings on each Synopsys (SNPS) and Cadence (CDNS).” Jefferies reiterates Tesla as maintain Jefferies raised its value goal on the inventory to $195 per share from $165. ” Tesla stays an enchanting enterprise when it comes to innovation and drive however, greater than ever, seems like an imbalanced VC portfolio solely funded by an auto enterprise below strain.” Morgan Stanley reiterates Apple as a high decide Morgan Stanley stated it is standing by high decide Apple heading into earnings subsequent week. “LT [long term] AI improve cycle thesis intact, NT [near term] setup tougher.” Loop reiterates Microsoft as purchase The agency stated it is bullish heading into Microsoft earnings subsequent week. “General, we expect strong F1Q (September) outcomes with most of the key development drivers exhibiting not less than modest acceleration within the quarter and more likely to proceed to speed up into the top of the CY.” Financial institution of America reiterates Meta as purchase Financial institution of America stated Meta is properly positioned for AI forward of earnings subsequent week. ” Meta inventory is up 63% YTD and stays high AI decide in our protection given: 1) Information factors suggesting AI driving robust core advert development, 2) multi-year utilization development alternatives in Gen-AI, 3) rising core app utilization for youthful customers addressing terminal worth threat…” Redburn Atlantic Equities initiates Mondelez as purchase Redburn stated the meals merchandise firm is a brand new high concept on the agency. ” Mondelēz is our high decide. It’s best positioned to capitalise on enticing alternatives in rising markets and the rising snacking development, providing each top-line development and margin enlargement potential.” KeyBanc initiates Zeta International as obese KeyBanc stated the advertising software program firm has a beautiful platform. “We’re initiating protection of Zeta International (ZETA) with an OW score and $40 PT.” Stifel initiates Braze as purchase Stifel stated the software program firm is finest positioned. “We see Braze as well-positioned to seize share within the buyer engagement software program house, and imagine the corporate has constructed a modern multi-channel advertising platform that’s troublesome to duplicate.” Stifel initiates Klaviyo as purchase Stifel stated it is bullish on the software program firm. “We’re initiating protection on shares of KVYO with a Purchase score and $45 goal value. Morgan Stanley reiterates Disney as obese Morgan Stanley stated it sees extra upside in Disney shares. “We see a optimistic threat/reward right here in shares. The present muted development and elevated funding spend at Parks seems mirrored in consensus and units Disney up for accelerating development in ’26.” Citi upgrades Fluor to purchase from impartial Citi stated the engineering and development firm has “nuclear upside.” “In the end, we predict FLR’s outlook/execution continues to evolve positively, and whereas we predict enchancment has been and can proceed to be considerably gradual, we won’t ignore FLR’s elevated backlog over the past a number of quarters (up mid 20% y/y as of 2Q24) nor its improved general execution.” JPMorgan downgrades Hertz to underweight from impartial The agency stated “monetary leverage is excessive” for the auto rental firm. “Downgrade shares of Hertz International Holdings (HTZ) to Underweight from Impartial and take away value goal as we decrease estimates to account for softer journey developments and doable sooner churn of auto fleet…” BTIG downgrades Deckers to impartial from purchase BTIG downgraded the shoe firm as development moderates. “We transfer to the sidelines on DECK shares, as we now see threat/reward as extra balanced as our checks decide up: a slower begin to vacation for UGG, and chance that any upside stems extra from wholesale than DTC, which we see as unlikely to be rewarded by buyers at present valuation ranges…” Jefferies upgrades Paylocity to purchase from maintain Jefferies stated the payroll programs firm is properly positioned. “Why Improve PCTY Now? With expectations reset for FY25, we see a path for natural outperformance.” Guggenheim names Itron a high concept The agency stated the water tech options firm is now a finest concept on the agency. “We’re reiterating our Purchase advice and $128 value goal for Itron , and we’re assured that bookings energy within the second half of 2024 ought to materialize.” KeyBanc initiates Flex as obese The agency stated the multinational manufacturing firm is properly positioned. “FLEX is rising publicity to massive, numerous, larger worth finish markets to enhance its resiliency and profitability.”