Here are Tuesday's biggest analyst calls biggest calls on Wall Street: BTIG downgrades Snowflake to neutral from buy BTIG downgraded the stock after its field checks indicated slowing growth and rising competition for the cloud company. "We are downgrading SNOW to a Neutral rating from Buy. In short, our most recent field checks downticked, and we see potential for product revenue growth to slow in coming quarters." Read more about this call here. BMO initiates Constellation Brands as outperform BMO said it sees upside to revenue guidance and earnings per share growth for the beverage giant. "We believe STZ is an attractive investment with favorable risk/reward as it balances a solid multi-year growth outlook with a valuation discount to peers that is too wide." Read more about this call here. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said that Tesla is in a unique competitive position. The firm also added that potential legislation like the Inflation act "while widely seen as positive for the broader EV complex, are far more convoluted below the surface." 'Tesla is the most 'American' car company. Based on FY21 model year data from the AALA, Tesla's US sales are 62% manufactured in US/Canada, followed by Honda (yes, Honda) at 55% and Stellantis at 46%." KeyBanc reiterates Apple as overweight KeyBanc raised its price target on Apple to $177 per share from $173 and said it sees the company taking more share. "Most importantly, AAPL's installed base of active customers was at an all-time high across all major product categories and geographies, implying AAPL can grow in a soft macro environment by taking share." Cowen downgrades Farfetch to market perform from outperform Cowen said in its downgrade of the online luxury platform company that it sees a "lack of upside to estimates." "We appreciate FTCH' s long-term growth prospects as a capital light marketplace, brand owner, retailer, & software solutions provider; but we downgrade to Market Perform as lack of upside to estimates is likely as FTCH works on profitability, customer retention/ acquisition, navigates a promotional environment, & faces near-term Russia/China risks." Deutsche Bank downgrades Cracker Barrel to hold from buy Deutsche said that too many older diners are still staying away from eating out0 "At the same time, and in addition, the labor and commodity expense inflation environment across the industry has been worse than we anticipated (for everyone), and it feels fair to say that CBRL hasn't navigated those dynamics particularly well (on a relative to peer basis)." Oppenheimer names Global Payments a top pick Oppenheimer named the payment network company as a top pick and said it expects pricing power and robust earnings per share growth. "We are attracted to GPN' s business model, characterized by high recurring revenue, long-term contracts, and predictable earnings/FCF." Susquehanna upgrades Pinterest to positive from neutral Susquehanna said there's a favorable risk/reward outlook for the stock after Pinterest reported earnings. "While the fundamentals are still a bit choppy and there remains a lot of work ahead, we believe the new CEO and activist oversight combined with doable bogeys and an undemanding valuation have skewed the risk/reward to the upside." William Blair resumes Wayfair as outperform William Blair resumed coverage of Wayfair ahead of earnings on Thursday and said it sees a risk of "sales downside." "Based on our analysis of digital demand trends, broader performance of the online furniture and home space, competitor results, and a pressured international environment, we see risk of sales downside on the print." Goldman Sachs initiates Ross and Burlington as buy Goldman said in its initiation of Burlington that it sees a "meaningful rerating in shares." The firm also initiated Ross and said the company could be gaining share. "We see opportunities for ROST to gain market share as it increasingly benefits from trade-down among its core lower-income consumer following initial demand shocks. ... We see strategic merit in BURL's strategic transformation, driven by a better-resourced buying environment, improvements to the store fleet (including small-store rollout), and evidenced by signs of improving brand momentum among consumers." Read more about this call here. Benchmark initiates Chesapeake as buy Benchmark said in its initiation of the hydrocarbon exploration company that the stock is underappreciated. " CHK has choreographed its exit from bankruptcy to pursue a long-term return-of-capital model that is not fully appreciated in the company's discount multiple to the E & P sector and other gas stocks.' Cowen downgrades Teladoc to market perform from outperform Cowen said in its downgrade of the telehealth company that it sees too many macro headwinds. "We believe TDOC will likely be challenged achieving 2022 guidance, with 2023 cons adj. EBITDA likely at risk."