These are the biggest calls on Tuesday on Wall Street. Citi reiterates Meta when buying Citi raised its share price target to a top of the Street at $360 a share from $315 and said the company’s Reels product is bullish. “With Stories ad loads reaching 17% QTD on our exclusive track and our view that the broader online advertising market is steady to improve based on our attendance Last week’s Cannes-Lions Creative Festival, we’re raising our ’24 ad predictions and $360 price target for our top-picked Meta stock.” Read more about this call here. Bank of America reiterates Roblox when it bought Bank of America saying Roblox is the leader of the “Metaverse” category. “We see an expanding runway for an average of 20% growth as users worldwide adopt Roblox’s Metaverse, in a virtuous cycle that will attract developers, brands and merchants to come.” with this platform.” Goldman Sachs upgraded Kellogg to buy from neutral Goldman said it sees the stock mispriced. “We upgrade K to Buy, because we see a stock that is undervalued relative to the growth potential it offers investors; we see an opportunity to exploit the misalignment that we believes that this growing concern has created and recommends investors buy this long-term advantage growth stock while it is on the decline.” Oppenheimer Reiterates Nike as Outperform Oppenheimer said it is standing firm against its outperformance rating in this weekend’s earnings report. “Overall, as we look at NKE’s upcoming quarterly announcement this week, we’re optimistic that the combination of currently upbeat investor sentiment and the outlook on fundamental trends remains solid.” This will certainly help the stock have the potential to ‘bounch higher’ in the near term, and at the same time help create a stronger foundation to continue increasing in the next few months.” Bank of America Reiterates Disney Should Buy Bank of America said it maintained its buy rating on the stock. “We remain confident that Disney has the right mix of intellectual property, content/rights library, brand value, park expansion opportunities, and leadership to manage through the environment.” current challenges and position the company for future growth.” Bernstein reiterated Tesla is underperforming Bernstein said he is not very optimistic that Tesla’s entry into electric vehicle charging will help the company’s bottom line. “We see EV charging as a business with low barriers to entry, which can lead to relatively low margins and ROI.” Frontier Communications initiator Wolfe says the cable and communications company has “top speed and reliability.” “Our investment thesis revolves around Frontier’s advantage in serving ever-growing consumer data needs. Frontier’s network spans 15 million homes, of which Frontier is upgrading 10 million+ onto fiber optic cable.” JPMorgan upgraded Coterra from neutral to overweight JPMorgan said shares of the hydrocarbon energy company are attractively priced. “We consider CTRA’s comments at our conference to be among the most positive on our news team, and we leave with growing confidence in the company’s future performance. .” Bernstein downgraded Alibaba’s rating to better performing than the market Bernstein said the current setup looks too tough for Alibaba. “We upgraded Alibaba a year ago on a perpetually low-growth discounting stock basis, and reopening will help support growth through better portfolio mix. Alibaba stock has trading in a range since then — but while they’re still cheaply priced, the perpetually low growth no longer feels like a case of an aggressive bear.” Citi Reiterates Micron Should Buy Citi said it is maintaining its buy rating ahead of Wednesday’s earnings announcement. “We think the company will miss the F3Q23 Consensus and steer the F4Q23 below Consensus due to the weakness of the DRAM market (73% of F22 sales) and the Chinese ban. However, we still believe that Micron fundamentals are driven by DRAM cycle and expect DRAM recovery in 2H23 driven by undersupply despite China ban.” Bernstein downgrades Alphabet to a better performer than the market Bernstein downgrades the stock primarily based on valuation. “For many investors (and sellers), Google stock is like a warm hug. However, often Google’s stock seems to be fairly priced as it is today, given the risk/ rewards balanced and the story quickly picked up on fundamentals, driving Google stock up +40% from November lows. It’s time to move to the sidelines.” Wells started Unity Software when it was overweight Wells said when it started Unity Software that it saw a compelling buying opportunity. “The metaverse hype is dwindling and questions around IS (right asset, wrong price, wrong timing) have overshadowed the opportunity for meaningful cross-selling on mobile, cost synergies. fees and industry TAMs—creating attractive buying opportunities.” Evercore ISI upgrades Saia to perform better than the same line Evercore said during its transport company upgrade that the risk/reward tilts to the upside. “But in the rare cases where the outcome can actually stay the same (beat?!), and a long-term story is improving, the risk seems to be tilted to the upside (even if a long-term story is improving). The stock has outperformed a lot since the beginning of the year.) Therefore, we upgrade SAIA to Outperform.” Barclays echoed Eli Lilly when overweight Barclays raised its stock price target to $500 from $420 and said its oral obesity drug is the best in its class. “The Lilly incretin process best meets the high expectations for the ADA, emerging with reinforced leadership backed by the best oral specialist in its class.” Northcoast Upgrades Wingstop to Buy From Neutral Northcoast said it is bullish on shares after a meeting with company management. “We are upgrading our rating for Wingstop to BUY from NEUTRAL following our meeting with Wingstop CFO Alex Kaleida last week in Dallas. We left the meeting encouraged that Wingstop’s growth strategy was on operations will maintain industry-leading performance.” JPMorgan started Cars.com when overweight JPMorgan said the online auto market was a “safe haven”. “We started on CARG and CARS at OW because we believe the auto market sector is a relatively safe place to hide in the current macro landscape with valuations that aren’t too high and some support. cyclical support as new auto inventories grow and both dealers and consumers expect to operate more efficiently in vehicle purchases.” Jefferies started Roper when it bought Jefferies said at the founding of the diversified technology company that it provides a “cushion against a weakening macro situation.” ROP is a diversified portfolio of 27 businesses. industries serving niche end markets in non-cyclical industries. Much of ROP’s assets are software-based and mission-critical to end-users, providing a buffer against macro weakness. Bank of America recalled Analog Devices as America’s buyout bank, saying the stock has “the best free cash flow generation and returns in its segment.” “With ADI FCF margins much higher than TXN’s, we see potential for a wide range of commodities, especially as ADI reverses 2-3 points of resistance from various commodities.”