Investment firms issue new ratings on Several companies
Several major investment firms released updated ratings and price targets for a range of companies on Tuesday. Bank of America reaffirmed its “buy” rating for Apple, citing the company’s capital returns and potential in artificial intelligence. Deutsche Bank reiterated its “buy” rating for Palantir, noting strong growth across both its commercial and government sectors following Monday’s earnings release.
Morgan Stanley initiated coverage of Pony AI, a China-based autonomous vehicle company, with an “overweight” rating, highlighting its rapid expansion in the robotaxi market. Wedbush initiated coverage of Nano Nuclear Energy with an “outperform” rating and a $18 price target. KeyBanc upgraded Howmet Aerospace to “overweight,” pointing to the company’s growth prospects and valuation.
Bank of America downgraded Marvell to “neutral” from “buy,” citing a potential stock overhang related to its deal with Lumentum. Goldman Sachs upgraded SiriusXM to “buy,” emphasizing the company’s spectrum options. Bernstein reiterated its “outperform” rating for Nvidia, focusing on the substantial opportunities in the datacenter market. BMO lifted Marsh & McLennan and AON to “outperform” from “market perform,” anticipating organic growth.
Morgan Stanley reiterated its “overweight” rating for EchoStar and SpaceX, suggesting a potential merger between the two companies. JPMorgan initiated coverage of TRex Bio with an “overweight” rating and a December 2027 price target of $20. JPMorgan also upgraded Cloudflare to “overweight,” recommending a purchase following a recent stock decline. Barclays upgraded Bloom Energy to “overweight” from “equal weight,” citing improving demand and accelerating capacity build.
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“Here are Tuesday's biggest analyst calls of the day: Apple, SpaceX, Nvidia, Palantir, Marvell, Bloom Energy & more”
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