Here are Tuesday's biggest analyst calls of the day: Netflix, Facebook, Alphabet, Nvidia & more

Published Tue, Sep 15 20208:28 AM EDT

Key Points

DA Davidson initiated Tupperware as buy.
Citi initiated Polaris as buy.
BTIG upgraded VF Corp to buy from neutral.
KeyBanc initiated Netflix as overweight
KeyBanc initiated Facebook, Alphabet, Snap and Pinterest as overweight.
KeyBanc initiated Roku as overweight.
Seaport initiated Delta Airlines as buy.
Barclays upgraded CyberArk to overweight from neutral.
Needham raised its price target on Nvidia to a Street high $700 from $600.
Maxim upgraded Gilead to buy from hold.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Tuesday: DA Davidson initiated Tupperware as buy DA Davidson said in its initiation of Tupperware that it sees "significant" upside potential as the company unveils a new growth strategy among other things. "The business pivoted under new management in 2Q20, with flat organic sales (ex. COVID) after three quarters of double-digit declines, as sales reps adopted digital tools. ... .Catalysts in the coming months include: (1) more bond repurchases; (2) land sales; (3) sales of the non-core beauty businesses; and (4) unveiling of the new growth strategy." Citi initiated Polaris as buy Citi initiated the manufacturer of motorcycles, snowmobiles, and electric vehicles as buy due to the surge in outdoor recreation. "With COVID-19 limiting or shutting down many seasonal activities, consumers are realizing the great outdoors is still open. Outdoor recreation enables social-distancing, is used in non-urban environments, and does not require travel by plane. Dealer sales of Polaris off-road vehicles and Brunswick marine engines & boats have jumped materially in 2Q20. Polaris reported that North American retail sales were up +57% in 2Q. " BTIG upgraded VF Corp to buy from neutral BTIG upgraded the apparel retailer and owner of brands like Timberland and The North Face and said it sees "improving demand trends." " VFC has largely lagged the outdoor/athletic rally that Nike and Lululemon have benefited from, and deservedly so as the company came into this year with excess winter inventory it needed to clear. In our April initiation report, we characterized VFC as a company we wanted to get more constructive on when either sufficient time had passed or price became compelling. Specifically, our key concerns were centered around excess inventory in The North Face and Timberland that would depress sales and margins as the company worked through these ephemeral issues." KeyBanc initiated Netflix as overweight KeyBanc said in its initiation of Netflix that it's a "winner" whose adoption has accelerated due to the coronavirus. "Netflix is a winner in over-the-top video and positioned for LT FCF growth. Cord-cutting has accelerated and consumer adoption has increased amid COVID-19, which makes us more confident on Netflix 's pricing power and the size of international TAM." KeyBanc initiated Facebook, Alphabet, Snap and Pinterest as overweight KeyBanc said in its initiation of Facebook , Alphabet , Snap , and Pinterest that it sees "opportunities" in advertising for the internet and social media stocks. "We believe the pandemic has driven a new wave of digital adoption among consumers and businesses. While e-commerce has been the early beneficiary of this trend, we see opportunities for advertising businesses to experience meaningful monetization improvements as economies recover, ad budgets shift to online channels, and new ad units and AdTech tools improve ROI and measurement." KeyBanc initiated Roku as overweight KeyBanc said in its initiation of Roku that it's "well-positioned" in a video on-demand world among other things. "Street under-appreciates competitive moat and monetization potential. Well-positioned to capture video ad budgets, promote direct-to-consumer video, and video-on-demand. ... .We expect growth in ad-supported channels, and new ad units should drive faster revenue growth than consensus contemplates." Seaport initiated Delta Airlines as buy Seaport said in its initiation of the airline that consensus is "underappreciating" the company's ability to recover from the coronavirus. "We may be early with our Buy rating but believe the value is there for those that can look out a year and stomach near-term volatility tied to COVID-19 uncertainty. Net/net, consensus is under-appreciating DAL' s ability to recover from the COVID-19 crisis, and thus the durability of DAL's earnings and FCF which are worthy of a stock re-rating." Barclays upgraded CyberArk to overweight from neutral Barclays upgraded the information security company and said it sees "accelerating growth" among other things. " CYBR is undergoing what we view as an under-appreciated transition to more recurring revenue, and we upgrade from EW to OW for three reasons: (1) we expect the recurring revenue mix to be over 50% next year, over two-thirds in FY22, and over 75% in FY23, which would drive accelerating growth; (2) margins should trough next year and get back to over 20% in FY22E with higher CFO margins; (3) Street numbers are high given recurring mix, but we think there are catalysts and this is not on everybody's radar." Needham raised its price target on Nvidia to a Street high $700 from $600 Needham raised its price target on the stock to a Street high and said the company's acquisition of Arm Holdings will created the "leading" AI computing platform. "We are increasing our price target to $700 following NVIDIA 's press conference detailing both strategic and financial rational the rationale of the Arm acquisition. ... .Strategically, we believe the NVDA-Arm combination will create the leading AI computing platform in the semiconductor industry." Maxim upgraded Gilead to buy from hold Maxim upgraded the biopharmaceutical company and said it sees "growth potential" as Gilead is poised to be a "major" player in oncology. " Gilead has the pieces in place to become a major player in oncology; now it is about execution. Combined with its inflammatory pipeline and $20B+ antiviral business, we see growth potential returning to Gilead. As such, we are upgrading the shares to Buy, from Hold, and establishing an $88 price target."

The maker of Wrangler Jeans, Timberland, and Vans brands experienced a stellar 2011, with its stock price increasing 47 percent and checking in as the No. 9 Based in Greenboro, N.C., VF Corp. markets its apparel and footwear brands via department stores and specialty stores, as well as internationally through licensees. It has a market cap of $14.34 billion.

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(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Tuesday:

DA Davidson initiated Tupperware as buy

DA Davidson said in its initiation of Tupperware that it sees "significant" upside potential as the company unveils a new growth strategy among other things.

"The business pivoted under new management in 2Q20, with flat organic sales (ex. COVID) after three quarters of double-digit declines, as sales reps adopted digital tools. ... .Catalysts in the coming months include: (1) more bond repurchases; (2) land sales; (3) sales of the non-core beauty businesses; and (4) unveiling of the new growth strategy."

Citi initiated Polaris as buy

Citi initiated the manufacturer of motorcycles, snowmobiles, and electric vehicles as buy due to the surge in outdoor recreation.

"With COVID-19 limiting or shutting down many seasonal activities, consumers are realizing the great outdoors is still open. Outdoor recreation enables social-distancing, is used in non-urban environments, and does not require travel by plane. Dealer sales of Polaris off-road vehicles and Brunswick marine engines & boats have jumped materially in 2Q20. Polaris reported that North American retail sales were up +57% in 2Q. "