Here are the biggest appeals on Tuesday on Wall Street: Piper Sandler started Deckers when overweight Piper said the company’s Hoka shoe brand was increasing in price. “We started Overweight on DECK due to momentum at HOKA, solid FCF and return to shareholders, and favorable near-term conditions for UGG.” Piper Sandler upgrades Planet Fitness to overweight from neutral Piper said the estimates for the fitness company and gym are too low. “We upgrade shares of PLNT to OW and reduce our PT slightly to $70 (32x 2023E EPS) as some drivers suggest the 2023 estimate looks too low.” Read more about this call here. Bernstein reiterated Tesla for being less efficient than Bernstein said it was concerned about Chinese competition for Tesla. “Over time, we worry that the anticipated increase in competition coming in the US could have the same impact as in China, and that Tesla could be forced to trade off growth versus profitability.” .” Mizuho reiterates Rivian when buying Mizuho said Rivian is best positioned with concerns about China and the potential slowdown of EVs globally. “We find RIVN best positioned with 1) low China exposure, 2) their R1T/S benefits from being in the largest, fastest growing truck/pickup segment, and 3) big EDV delivery truck pipeline with Amazon.” Morgan Stanley echoed Tesla when Morgan Stanley slashed its target price on Tesla from $350 to $330 per share and said it was changing its estimate to account for “unexpected headwinds.” “We expected Tesla to miss the consensus expectation in the third quarter due to input cost inflation and other disruptions. This did not happen. … Given the economic environment, however, Given the volatility, we want to make room for unexpected gains in Q4 as well as FY23.” Read more about the call here. William Blair Reiterates Microsoft as Top Pick William Blair said the tech giant is well positioned to head towards earnings on Tuesday. “Despite slowing PC demand, Microsoft aligns well with the priorities of customers in the cloud and security, as well as cost-conscious customers looking to streamline spending through packages and sets.” UBS initiates the acquisition of Stem. UBS said the energy company is “complying” with the Inflation Reduction Act. “STEM is the market leader in the rapidly growing commercial storage market. STEM’s high-leverage business model is positioned as a key beneficiary of the 30% standalone storage tax credit in Inflation Reduction Program (IRA), in our view.” Credit Suisse reiterates Ferrari as the top choice. Credit Suisse said it continues to be impressed by Ferrari’s management. “Following our September meeting with the company, we were impressed with the new CEO’s strategy of growing while maintaining scarcity and defining what the ultimate driving experience is as the brand transitions into the new era. electricity”. Credit Suisse downgraded Arista to neutral versus better performance Credit Suisse said in downgrading the computer networking company that it sees data center industry dynamics being challenged ahead. “The big risk we see for ANET is a buy-side expectation for 2023E revenue growth of 20%+ versus a seller’s expectation of ~15%, indicating anything below 20% likely to be negatively received by shareholders from a guidance perspective.” Jefferies Upgrades Waste Management to Buy from Share Jefferies said when it upgraded the stock that it sees prices in the industry as “favorable”. “Our Buy Rating is based on our belief that as the largest waste supplier in North America, WM will be a significant beneficiary of a favorable pricing environment in the industry.” Read more about this call here. Mizuho started Upstart because it was underperforming. Mizuho said it sees more “pain” ahead for the consumer lending company. “Our scenario analysis suggests that if funding remains challenged, UPST may need to use its own inventory/balance sheet lending to break even, which may not be appreciated by investors. accept. -class operator “.” Best-in-class operators and margins; Weaker macro quality and navigability thanks to network valuation and investment power.” Bank of America Upgrades Hibbett Sports for acquisition from Neutral Bank of America said during the sportswear company upgrade they found “better pricing and a flexible consumer.”” We upgraded HIBB to Buy (from China) established) and increased PO to $75: potential F2H like-store sales increase due to better availability of high heat classic footwear from Nike compared to significant stock last year, release schedule better eyes, delayed Back-to-School and holiday inventory receipts”. Read more about this call here. Bank of America reiterated Amazon when it bought Bank of America saying the company is in a “strong position” towards earnings this weekend. “Inflation and recession risks cloud short-term revenue and earnings trajectories, but AMZN remains our top 12-month FANG stock with stock returns, big TAMs, some support potential downside and potential downside risk benefit on the transaction JPMorgan reiterates that Apple outperformed JPMorgan said it has “resilient expectations” for Apple earnings this weekend. sees optimism being established for the stock in the earnings report although performance expectations are more limited than sell-side expectations, as further confirmation in recent months of spending trends Worse consumer spending is making buyers’ expectations more challenging. into print. ” Wells Fargo Upgrades Ross From Equal Weight Wells said during the upgrade of their discount clothing company that they saw “the negative revision cycle end.” “After naming BURL in October Formerly a ‘Top Pick’ in the space, we follow that up with today’s dive into the industry’s key growth drivers next year, setting the case for a price hike and similar upgrades. ROST to OW when we see their negative revision cycle come to an end. Read more about this call here. Wells Fargo reiterates Coinbase for underweight. Wells said it noticed a “mixed bag” going into Coinbase earnings on Nov. 3. “While stocks could rise higher in the near term (COIN is a low multiple, plus the possibility of ‘up’ from interest income), unchanged our view: retail recession/competition issue. We also consider interest income to be low quality; We Underweight.