Here are the most significant get in touch with Wall Street on Tuesday: Evercore ISI restates Amazon as obese Evercore states it’s sticking to the supply in advance of profits later on today. “We see an In-Line & Lower quarter as the most likely outcome for AMZN’s Q3 EPS results.” Evercore ISI restates Uber as obese Evercore states it’s favorable on Uber heading right into profits onThursday “Based on intra-quarter data points and our model sensitivity analysis, we believe UBER will likely print a Modest Beat & Bracket Q3.” Janney upgrades First Solar to purchase from neutral Janney states the solar firm is appealing in advance of profits on Tuesday mid-day. ” FSLR: Upgrading to BUY from Neutral on Improved Risk- Reward; 3Q24 Earnings Today After the Close Could Provide an Opportunity.” Evercore ISI restates Meta as obese Evercore states it’s sticking to Meta in advance of profits onWednesday “Based on intra-quarter data points and our model sensitivity analysis, we believe META will likely print a modest Beat & Bracket Q3.” Goldman Sachs restates Ford as buy Goldman states it’s sticking to Ford list below profits onMonday “For 2025, we believe economic growth (e.g. housing starts) and lower rates in the US can contribute to relatively stable business conditions, especially if OEMs [original equipment manufacturers] make progress over the next several months on inventory.” Wells Fargo starts The Trade Desk as obese Wells states the advertising and marketing technology firm is well placed for development. “We see multiple factors benefiting TTD : AMZN accelerating shift of ad spend to CTV [connected tv], new partnerships ramping & GOOGL distracted w/regulatory woes.” Wells Fargo starts App Lovin as obese Wells states the mobile video game software program firm is a share gainer. “We believe the mobile game user acquisition market is large enough for APP to compound 20-30% software revenue growth through 2027.” Citi restates Apple as buy Citi states it’s sticking to Apple in advance of profits later on today. “We believe a prolonged Apple Intelligence software release likely impacts typical iPhone sales seasonality this year. … .That said, we still believe in a strong +9% Y/Y iPhone 17 unit driven upgrade cycle next year once Apple Intelligence software is fully released.” Barclays restates Tesla as equivalent weight Barclays increased its rate target on the supply to $235 per share from $220. “As usual, Tesla remains a polarizing stock, with bulls/bears emboldened in their view. While we still see no shortage of questions about future strategy as well as the future trajectory of fundamentals, we believe for now Tesla has achieved a golden balance of steady fundamentals and narrative command.” Barclays upgrades Summit Materials to obese from equivalent weight Morgan Stanley restates Planet Fitness as obese Morgan Stanley increased its rate target on Planet Fitness to $89 per share from $84 and states financiers must acquire the dip. “We now expect full-year unit openings at the low-end of prior outlook, but this is more than offset by our improved SSS [same-store sales] forecast.” Bernstein restates Walmart as a leading choice Bernstein states the huge box store stays a leading concept at the company. “At the stock level, WMT is our top pick (Outperform, TP $95.00) as we expect the company to leverage its scale to offer great value to consumers and to grow e-commerce profitably.” Citi upgrades Coca-Cola Femsa to purchase from neutral Citi stated the Mexican Coca-Cola firm is well placed. “We upgrade KOF to Buy. KOF has been sustaining strong operational performance in 2024, boosted by both Brazil and Mexico.” TD Cowen downgrades Tapestry to hold from buy TD Cowen stated in its downgrade of Tapestry that it’s reduced the proprietor of Coach on evaluation. “Meanwhile, we are cautious on lack of upside on muted China and U.S. consumer trends, double-edged M & A risk factors on pending CPRI deal, and portfolio platform strategy.” Mizuho starts Evergy as outperform Mizuho states the electrical solutions energy firm is ideal placed for development. “We are initiating on EVRG with an Outperform rating and a $67 PT.” Stephens upgrades Regionals Financial to obese from equivalent weight Stephens states the local financial institution is underestimated. “With that no longer the case, we now see Regions as undervalued at 10.0x 2026 estimates relative to an estimated ROA of 1.29%. Accordingly, we are raising our rating on RF to OW from EW.” Guggenheim restates Netflix as buy Guggenheim increased its rate target on the supply to $825 per share from $810. “We raise our operating income outlook for 2025 with our 29% margin estimate above 28% guide. Our 9% 2025 cost growth includes an acceleration in content, marketing and technology spend as Netflix further invests in its core streaming advantage and expanding advertising and gaming initiatives.” Guggenheim starts Six Flags as buy Guggenheim states the amusement park firm is well placed for development. “We are initiating coverage of Six Flags Entertainment (FUN) with a BUY rating and $52 price target.” Mizuho restates Robinhood as outperform Mizuho increased its rate target on the supply to $29 per share from $24. “We expect the continued heightened market activity and volatility to help HOOD show strong trading results when reporting on Wednesday. We are updating our model using actual July & August monthly metrics; raising 3Q, 4Q and medium-term estimates.” Barclays starts Arcosa as obese Barclays states it’s favorable on the building design firm. “We launch coverage with an Overweight (OW) rating. We generally favor less complex stocks but ACA is on a long-term path to achieve that. It has a credible CEO whom we’ve followed in a past-life (i.e. in chemicals) and in the six years ACA has been public the strategy has been consistent.”
