Here are Tuesday's biggest analyst calls of the day: Tesla, Foot Locker, Facebook, Twitter & more

Published Tue, Jul 21 20208:39 AM EDTUpdated Tue, Jul 21 202010:19 AM EDT

Key Points

Evercore ISI added Twitter to the tactical outperform list.
Deutsche Bank added a catalyst call buy on Foot Locker.
Goldman Sachs initiated Albertsons as buy.
Rosenblatt raised its price target on Facebook to $315 from $244.
JMP downgraded Tesla to market perform from market outperform.
Berenberg initiated SurveyMonkey as buy.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Tuesday: Evercore ISI added Twitter to the tactical outperform list Evercore ISI added a tactical outperform call on Twitter and said it thinks the company will see user growth momentum that will surprise to the upside. "At this point, nearly every TWTR investor we speak with is braced for a poor revenue result relative to peers in the 2Q. However, we think user growth momentum will be enough to move shares higher. Tactically, our view is that hedge fund'ss close out shorts and long-only investors prove to be the marginal buyers, as a user growth beat is enough to offset concerns on near-term revenue headwinds. Better than expected users should compound on perceptions of the platform's existing strategic value and lift long-term models following the 2Q print." Deutsche Bank added a catalyst call buy on Foot Locker Deutsche added a short-term buy on the stock and said it expects the company's inventory position to "improve meaningfully." "Our channel checks and FL peer and vendor commentary have been favorable on the athletic sector, particularly footwear, as consumers work (giving rise to the sweatpants casual work attire) and workout from home and utilize stimulus (or reallocated entertainment & travel) dollars to purchase the latest fashions. In addition, we believe FL's inventory position will improve meaningfully (was up 20.4% at the end of 1Q) as vendors step in to assist clearing the channel and we also believe FL will be able to speak to progress lowering fixed costs through rent negotiations and other actions on expenses." Rosenblatt raised its price target on Facebook to $315 from $244 Rosenblatt raised its price target on Facebook to a Street high and called the stock the "best risk/reward" in its coverage. "Of the social names highlighted, Facebook presents best risk/reward into its print with nearly 30% upside from yesterday's close. ... Despite the month-over-month pause being witnessed broadly across publisher ad revenue in July, DR (direct response) spend has been consistently steady over the past few months." Goldman Sachs initiated Albertsons as buy Goldman initiated the supermarket chain as buy and said it sees compelling valuation versus the company's peers among other things. "We rate ACI as a Buy based on the following: 1) We think we could see an improvement in the earnings algorithm as Albertsons takes share from its peers, this is based on the outperformance we saw during the height of the COVID-19 outbreak and given its differentiated offering; 2)Valuation is compelling versus peers and the rest of retail; 3) ACI is highly defensive;4)Recent cash build from strong sales growth could be used to pay down debt soonerand reduce interest payments" JMP downgraded Tesla to market perform from market outperform JMP downgraded the stock mainly on valuation ahead of the company's earnings report on Wednesday. "The company's valuation now slightly exceeds the $1,500 price target that we established recently, and we believe that any intermediate-term success that TSLA might discuss during its earnings call tomorrow is now fairly reflected in the stock price. We continue to believe that TSLA can become a $100 billion car company by 2025, but we cannot arrive at a reasonable basis for arguing that the stock should be valued above current levels, even considering our fundamental outlook." Berenberg initiated SurveyMonkey as buy Berenberg initiated the online survey company and said it was attractively valued. "To digitally transform, businesses need a way to capture, measure, benchmark, and act on data from key stakeholders such as customers and employees. In our view, SurveyMonkey' s market-leading survey software provides enterprises with a platform to help understand market dynamics, predict market appetite, and identify new business opportunities, effectively enabling enterprises to be more agile. We view SurveyMonkey as attractively valued given its revenue growth and FCF profile."

Foot Locker Inc. signage is displayed in the window of a store in New York, U.S.

Michael Nagle | Bloomberg | Getty Images

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Tuesday:

Evercore ISI added Twitter to the tactical outperform list

Evercore ISI added a tactical outperform call on Twitter and said it thinks the company will see user growth momentum that will surprise to the upside.

"At this point, nearly every TWTR investor we speak with is braced for a poor revenue result relative to peers in the 2Q. However, we think user growth momentum will be enough to move shares higher. Tactically, our view is that hedge fund'ss close out shorts and long-only investors prove to be the marginal buyers, as a user growth beat is enough to offset concerns on near-term revenue headwinds. Better than expected users should compound on perceptions of the platform's existing strategic value and lift long-term models following the 2Q print."

Deutsche Bank added a catalyst call buy on Foot Locker

Deutsche added a short-term buy on the stock and said it expects the company's inventory position to "improve meaningfully."

"Our channel checks and FL peer and vendor commentary have been favorable on the athletic sector, particularly footwear, as consumers work (giving rise to the sweatpants casual work attire) and workout from home and utilize stimulus (or reallocated entertainment & travel) dollars to purchase the latest fashions. In addition, we believe FL's inventory position will improve meaningfully (was up 20.4% at the end of 1Q) as vendors step in to assist clearing the channel and we also believe FL will be able to speak to progress lowering fixed costs through rent negotiations and other actions on expenses."