Here are Tuesday's biggest analyst calls of the day: Chipotle, Peloton, Chevron, Dave & Buster's

Published Tue, Oct 20 20208:16 AM EDT

Key Points

KeyBanc resumed Marvell as overweight.
BMO upgraded Dave & Buster's to outperform from market perform.
Credit Suisse reinstated Chevron as outperform.
Macquarie raised its price target on Peloton to $150 from $125.
Piper Sandler upgraded Workday to overweight from neutral.
Berenberg initiated Sprout Social as buy.
Loop Capital raised its price target on Chipotle to $1,600 from $1,400.
JPMorgan upgraded Brunswick to overweight from equal weight.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Tuesday: KeyBanc resumed Marvell as overweight KeyBanc resumed coverage of the semiconductor company and said it was one of the "best -positioned" companies to benefit from 5G infrastructure. "5G is at the heart of the MRVL investment thesis, but what drives our conviction in resuming coverage at Overweight and a $55 price target is: the transformative M & A that has positioned the Company for LT sustainable and profitable growth. ... .MRVL is one of the best-positioned companies to benefit from the inflection in 5G infrastructure deployments. " BMO upgraded Dave & Buster's to outperform from market perform BMO upgraded the restaurant and entertainment company and said it sees a positive risk/reward after the company took steps to shore up its financing on Monday. "We are upgrading PLAY to Outperform and raising our price target to $26, which implies approximately 50% upside. While our view of PLAY 's fundamentals remains unchanged, yesterday's actions to bolster liquidity and extend covenant relief remove our primary concern and a key overhang. Credit Suisse reinstated Chevron as outperform Credit Suisse resumed coverage of Chevron and said it had "substantial liquidity" and one of the "strongest" balance sheets among the major oil producers. "CVX offers one of the strongest balance sheet among the Majors, a reasonably low breakeven, and an attractive and low-risk growth outlook of short-cycle investment opportunities anchored by its massive legacy position in the Permian Basin once oil prices improve. " Macquarie raised its price target on Peloton to $150 from $125 Macquarie raised its price target on the stock to $150 which ties a Street high and said it thinks the company is looking for an opportunity to acquire an athleisure brand in hopes of "owning all fitness." "While the conversation has turned to the potential for pre-owned, we now expect Peloton to leverage its value proposition for bundling equipment, and see an opportunity to acquire or develop a strength platform and/ or athleisure brand in pursuing the company's stated goal of owning all fitness, whether by issuing additional shares or using some of the ~$1.8bn in liquidity on hand." Piper Sandler upgraded Workday to overweight from neutral Piper upgraded the on‑demand financial management and human capital management software company and said it sees a "promising" 2021 recovery. "We are upgrading WDAY to Overweight based on several catalysts that could drive a reacceleration in subscription growth next year after bottoming in the second half of this year in the mid-teens. Buy WDAY ahead of a promising 2021 recovery." Berenberg initiated Sprout Social as buy Berenberg initiated the social media software solutions company and said shares were "attractive" and that it was the only publicly traded "pure-play" social media company. "As organizations rely more heavily on social media to communicate with consumers and manage their brands, we believe this will drive increased demand for social media management software. With Sprout Social being the only publicly traded pure-play social media management platform, the market is missing the large market opportunity, in our view, and Sprout Social 's market share potential, making the shares attractive at current levels." Loop Capital raised its price target on Chipotle to $1,600 from $1,400 Loop raised its price target on the Mexican restaurant chain and said its checks show a "long runway" of initiatives to drive sales momentum in to the future. "Ahead of the company's 3Q earnings release, we are reiterating our Buy rating and increasing our PT to $1,600 as our store checks are coming back positive and we see a long runway of initiatives to drive sales momentum over the next several years. Sales levers include digital, the roll-out of Chipotlanes, loyalty, menu innovation and the potential for additional dayparts. In the near-term we are encouraged by the pricing power that CMG has demonstrated on delivery with recent price increases in the range of 13% to 18% vs. carry out." JPMorgan upgraded Brunswick to overweight from equal weight JPMorgan upgraded the marine and boating company due to the "acceleration" in boating sales. "We are upgrading Brunswick to Overweight and establishing a December 2021 price target of $79 based on 7.5x EV/EBITDA in line with historic multiples. BC is the leading global manufacturer of recreational marine products comprised of engines, boats and parts and accessories. We see the recent acceleration in boat salesleading to lean channel inventories with restocking demand driving a positive inflection in BC's top and bottom line earnings growth." .

Customers wait outside of a Chipotle restaurant as they wait to enter in order to place an order as Florida continues with its Phase 1 of reopening the state during the Coronavirus (COVID-19) pandemic on May 19, 2020, in Aventura, FL.

Icon Sportswire | Getty Images

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Tuesday: