Here are some of the hottest stocks on Wall Street on Tuesday: Stifel recommends buying GE Healthcare Stifel said it is bullish on the GE spinoff stock. “We recommend buying GE Healthcare and begin covering it with a $100 price target.” Morgan Stanley names Taiwan Semiconductor a top pick Morgan Stanley restored the semiconductor company to its top picks. “We value TSMC’s quality and defensive nature in the extended semiconductor downcycle.” JPMorgan names Six Flags underweight JPMorgan said it expects “challenging conditions in the theme park industry.” “We are beginning to cover Six Flags (FUN) underweight with a $50 price target for December 2025.” Barclays raises Algeria investment to overweight from equal weight Barclays said it is reassessing its valuation of the biotechnology company. “ARGX’s valuation relative to peers may be reassessed as the company is expected to be profitable starting in fiscal 2025.” Rosenblatt calls NVIDIA a buy again Rosenblatt said concerns about delays to the company’s Blackwell chips are overdone. “NVDA shares are under pressure due to ongoing rumors that an undisclosed silicon defect could delay Blackwell B200 GPUs by several months.” JPMorgan adds Royal Caribbean to focus list The firm called Royal Caribbean best in class. “Remain overweight; add to JPM’s Analyst Focus List (AFL) as a growth stock.” JPMorgan downgrades Carlyle Group to neutral from overweight JPMorgan said it sees more value in other stocks. “We are downgrading Carlyle to Neutral. While we expect Carlyle’s shares to continue to rise, we believe other stocks have more upside potential.” Piper Sandler upgrades Cadence to Overweight from Neutral Piper said investors should buy software companies at low prices. “We upgrade Cadence to Overweight ($318 PT) as the recent sell-off provides an attractive entry point into a premier software asset with an enviable position in the semiconductor industry.” Piper Sandler upgrades Crowdstrike to Overweight from Neutral Piper said it was buying Crowdstrike shares on the dip. “Given the significant decline in the stock this month, we believe investors should opportunistically build positions at current levels.” Bank of America recommends buying Palantir Bank of America said it was holding the stock after the company released earnings on Monday. “We see Palantir as a company that will benefit from rapidly growing demand for its artificial intelligence (AI) platform in both commercial and government end markets.” KeyBanc Reiterates Overweight on Micron Key lowered its price target to $145 from $165 a share but said it was maintaining the stock. “Micron’s broad focus on storage solutions could help the company expand revenue and margins over the long term.” Bank of America Raises Rating on Apollo Global to Buy from Neutral Bank of America said the asset manager has a number of positive catalysts ahead. “We are raising our rating on Apollo Global Management to Buy from Neutral. APO shares have fallen 21% in three days on Q2 2024 earnings results, weak economic data, lower interest rate outlook and hedge fund risk aversion.” Loop Reiterates Buy Recommendation on Meta Loop said the stock has “best-in-class growth.” “We are raising our outlook following Meta’s strong Q2 report, which beat expectations and was raised last week. With our increased EPS expectations, unchanged P/E target of 22x, and the addition of additional cash, we are raising our price target to $575 from $550.” DA Davidson Raises Criteo Rating to Buy from Neutral DA Davidson said he was bullish on the marketing technology company’s shares. “CRTO’s retail media business, launched in the spring of 2020, has grown into a major independent player in this high-growth sector of the broader digital advertising ecosystem.” Morgan Stanley Removes Amazon from Top Picks The firm maintains its overweight rating but said the company needs to “demonstrate its ability to deliver growth and profitability.” “We remain overweight but are removing AMZN from our top picks. While our valuation is not harsh right now, we believe AMZN needs to demonstrate its ability to deliver growth and profitability… even as its product mix continues to shift toward lower-margin products.” Morgan Stanley reiterates overweight on Apple Morgan Stanley said Monday’s US Department of Justice ruling against Alphabet was a negative for Apple. “Monday’s ruling against GOOGL will likely impact the more than $20 billion that Apple collects annually from GOOGL, but future potential remedies or timelines were not clear.” Barclays upgrades Aspen Aerogel to overweight Barclays said it sees “significant growth” for energy insulation thermal company Aspen Aerogel. “Aspen is a unique company that has rapidly moved from traditional oil and gas as a customer into the energy transition market through its innovative aerogel products that prevent thermal runaway in EV lithium batteries.” JP Morgan upgrades Sonic Automotive to overweight from neutral JP Morgan said investors should buy auto companies on the dip. “In our recent upgrade to neutral, we noted that SAH has demonstrated an ability to decouple the growth trend of its SS (same store) units from the overall used car market. Second quarter results and second half commentary suggest this will continue and that unit economics are better than expected.UBS reiterates Walmart as a buyUBS said it is bullish heading into next week’s earnings release. “We believe WMT’s second quarter results and outlook will set it apart relative to other retailers.”Northland initiates The Honest Company as outperformNorthland said it is bullish on shares of the consumer products and health lifestyle company. “We initiate coverage on The Honest Company with an outperform rating and a $6 PT.”Macquarie upgrades Yum China to outperform from underperformMacquarie said it sees Chinese fast food company Yum China as “strong efficiencies offsetting debt reductions in sales.” “We are wrapping up our rating from underperform to outperform as cost efficiencies remain solid while base pressure remains high.”
