Here are Tuesday’s biggest calls on Wall Street: TD Cowen upgrades Ametek to buy from hold TD Cowen said the industrial company is executing well. “AME is executing well at a time when exposures broadly provide both support and optionality – markets that are doing well and should sustain (utility), ones that are strong and should accelerate (comm aero), and ones poised to improve off weaker levels / slower growth” Oppenheimer initiates Aardvark Therapeutics as outperform Oppenheimer said the biotech company has a “differentiated rare and common obesity franchise.” “We initiate coverage with an Outperform rating and a $35 PT as AARD builds a differentiated rare and common obesity franchise—and ahead of next year’s key readout.” Piper Sandler upgrades SEI Investments to overweight from neutral Piper said it sees margin expansion for the asset manager. “Sales momentum has accelerated dramatically, with $144M in wins over the past year, up 40% YoY. As these wins onboard over coming quarters, we expect meaningful revenue acceleration and margin expansion. SEIC already operates at nearly 30% margins, but this sales inflection combined with continued expense discipline should drive further upside. Evercore ISI downgrades Coty to in line from outperform Evercore said it sees too much uncertainty for the beauty company after its CEO change. “Sue Nabi stepped down as CEO and Coty’ s board appointed Procter veteran Markus Strobel to lead Coty at a pivotal juncture, marked by the ongoing strategic review of the firm’s Consumer division ─ a business that accounts for ~15% of profits but nearly all of the operational challenges and bearish sentiment.” Canaccord reiterates Tesla as buy Canaccord raised its price target on shares of Tesla ahead of its delivery report. “Overall, yes, 4Q25 delivery expectations are being revised lower. However, the reset in the US EV market is laying the groundwork for a more durable and attractive longterm demand environment. … Taken together, these underlying positives outweigh the near term earnings reset in the valuation framework, supporting an increase in our target price from $482 to $551 even as 4Q25 delivery estimates move lower.” Read more. Raymond James initiates Levi’s as outperform Raymond James initiated the denim company and says it’s well positioned for EPS growth. “We initiate coverage on Levi Strauss & Co. (LEVI) with an Outperform rating and a $26 price target.” Raymond James reiterates Advanced Micro Devices as outperform and Nvidia as strong buy The firm said both stocks have upside following reports Nvidia plans to resume chip shipments to China. “In the wake of recent news regarding potential resumption of GPU sales to China, we take the opportunity to assess the potential upside for AMD and NVIDIA. Several moving pieces remain, making it difficult to assess the exact outcome, but in an optimistic scenario, we estimate AMD could see ~$500-800M of revenue upside and ~$0.10-0.20 of non-GAAP EPS upside, and NVDA could see ~$7-12.5B of revenue upside, which translates to ~$0.15-0.30 of non-GAAP EPS upside in 2026.” Baird reiterates Meta as outperform Baird cut its price target on the stock to $815 per share from $820 but says investors should buy the dip. “Reviewing the current bull vs. bear battleground for Meta, we acknowledge further near-term risks to sentiment, but believe embedded expectations are in better balance vs. three months ago, and encourage investors to be opportunistic buyers.” Mizuho reiterates First Solar and Sunrun as outperform Mizuho said the two solar companies are its favorite ideas in 2026. “We like FSLR , RUN that continue to benefit from favorable tax credit and tariff policies, and which also haven’t yet seen any direct demand from AI yet.” Needham reiterates Reddit as buy Needham says the stock is firing on all cylinders and is a best idea in 2026. “We add RDDT to the Conviction List, replacing Roku, which is up 48% YTD in 2025.” Loop initiates MarineMax & Malibu Boats as buy Loop said in its initiation of both boating companies that they are undervalued. “We are initiating on the Marine Industry with BUY ratings on HZO ( PT $29) and MBUU ( PT $34)…” JPMorgan reiterates Apple as overweight JPMorgan says its survey checks show Apple’s iPhone 17 lead times are moderating. “In Week 15 of our Apple Product Availability Tracker, lead times across the iPhone 17 series moderated by three days, relative to unchanged lead times observed from Wk14 to Wk15 in the prior year for iPhone 16, with average lead times now tracking at ~3 days, which is in line with the prior year.” Evercore ISI reiterates Live Nation as outperform Evercore says the ticket and entertainment company is a top pick in 2026. The firm also raised its price target to $188 per share from $168. ” Live Nation i s our top pick in Media for 2026, supported by our outlook for accelerating consolidated [adjusted operating income] growth, durable demand for live events, and increasing visibility into the earnings power of Venue Nation, the company’s venue development and operations platform.” Read more. Deutsche Bank reiterates FedEx as buy Deutsche says the stock is cheap. “FDX generated enviable revenue growth of 7% overall, or 8% in its Express division, fueled by double-digit growth in its domestic business, which we think will be unmatched across Transportation providers. Citi downgrades China to neutral from overweight Citi’s emerging markets team downgraded China due to concerns about a “lackluster macro picture.” “China is downgraded to Neutral (from Overweight) amid less favorable EPS revision dynamics and a lackluster macro picture.”
Here are Tuesday’s biggest analyst calls: Nvidia, Apple, Tesla, Levi’s, Coty, Meta, First Solar, Live Nation & more