Here are Tuesday's biggest analyst calls: Nvidia, Disney, Walmart, Apple, Arista, Ford, Rivian, Block & more

Published Tue, Feb 13 20248:13 AM EST

Here are Tuesday's biggest calls on Wall Street: Benchmark initiates Block as buy Benchmark initiated the company formerly known at Square and said it sees a "path to profitability." "While shares of SQ have rallied sharply during the past two three months, we believe the stock's upward price momentum is likely to continue thanks in large part to management's enhanced focus on profitability." Loop initiates Knife River as buy Loop initiated the construction materials company with a buy and said it sees a "self-help catalyst path." "We're initiating coverage of Knife River with a BUY rating and $81 PT which is based on 11x FY25E EBITDA of $475M." Goldman Sachs reiterates Arista Networks as buy Goldman said the networking company is an AI winner after its earnings report on Monday. "Third, although ANET did not raise outlook for 2024 revenue growth, which we believe was a disappointment to some investors based on our conversation, the company's current guidance likely does not reflect any benefit from recent increases in the 2024E outlook for hyperscaler capex." Morgan Stanley initiates Ford as a top pick Morgan Stanley said it's standing by its top pick status on Ford. "In our view, the continued slowdown of EV demand may cause legacy OEMs [orginal equipment manufacturers] to look for new ways to spend less and/or spread similar spending levels over higher combined volumes." Morgan Stanley initiates Dynatrace as equal weight Morgan Stanley initiated the software stock with an equal weight and said patience is needed. "Share gains should continue owing to strong technology, breadth of product and a consolidation opportunity where Dynatrace should emerge as a net-beneficiary." Redburn Atlantic Equities downgrades United Airlines to neutral from buy Redburn said in its downgrade of United that its concerned about "inflationary pressures." "With our reassessed view adding more caution to long-haul supply – coupled with continuing inflationary pressures over the last year – we find ourselves tempering our expectations." UBS reiterates Nvidia as buy UBS raised its price target on the stock to $850 per share from $580 and said it's bullish heading into earnings next week. "We substantially raise our estimates and price target to $850 ahead of NVDA's FQ4:24 (Jan) earnings report." Evercore ISI initiates NextEra Energy Partners as outperform Evercore initiated the renewable energy company and said the tide is turning. "We are initiating coverage of NEP with an Outperform rating and $43 target price, representing ~50% upside to the shares." Susquehanna reiterates Taiwan Semiconductor as positive Susquehanna said the semiconductor company is a top idea. "All in all, TSM remains one of our top long ideas with a re-rating that we think has yet to play out." Piper Sandler upgrades Trimble to overweight from neutral Piper said it's getting bullish on shares of the software company. "We are upgrading TRMB to Overweight with a $68PT, as we see a software-centric bull case emerging where recurring revenue becomes the majority of the mix, growing double- digits organically, delivering mid-teens or better EBIT growth." B Riley downgrades Children's Place to sell from hold Riley said the children's clothing company is already in a "cycle of distress." "We see the probability that PLCE's share price reaches $4 or less in the next 12 months as high and don't believe the upside potential is either high or likely enough to compensate for what would be a highly speculative investment thesis." Bernstein reiterates Apple as market perform Bernstein said Apple Services like Apple Music and Apple TV+ have pricing power. "More recently, Apple has pulled a new lever to help with Services growth: Pricing." Morgan Stanley reiterates Disney as overweight Morgan Stanley said Disney's participation in a sports streaming bundle is 'low-risk." "For OW DIS , EW FOX, this appears a low-risk product launch." Deutsche Bank reiterates Walmart as buy Deutsche Bank raised its price target on the stock ahead of earnings next week to $190 per share from $186. "Fast forward to today, WMT's shares are once again at an all-time high on the back of more consistent sales performance, grocery share gains, and a path to 2024 potentially being an algo year." Citi upgrades GSK to buy from neutral Citi said it likes the pharmaceutical company's pipeline. " GSK's recent commercial and pipeline 'wins' put GSK in a stronger position to attract both external talent and pipeline assets." Evercore ISI upgrades Equifax to outperform from in line Evercore said it sees "headwinds abating" for the credit company. "We are upgrading EFX to Outperform from In Line with a $310 target price." Morgan Stanley adds Huntington Bancshares to the financials finest list Morgan Stanley added the regional bank to its financials finest list. "We are adding Huntington Bancshares (HBAN) to our Financials' Finest list after naming HBAN our new Top Pick in US Midcap Banks." Evercore ISI initiates Quanta Services as buy Evercore said in its bullish on shares of the infrastructure construction company. " PWR is a differentiated infrastructure solutions provider that stands to benefit from the multi-decade long energy transition in North America." Bank of America downgrades Duckhorn Portfolio to underperform from neutral Bank of America said in its downgrade of the wine company that it sees premium wine slowing. "Following our December 2023 downgrade to Neutral we downgrade Duckhorn (NAPA) shares to Underperform to reflect further softening of the premium wine segment." Stephens initiates Enovis as overweight Stephens said shares of the medical joint replacement company are compelling. " ENOV is an orthopedic medical device company with a broad portfolio of joint replacement devices and implants as well as a full suite of prevention and recovery products." Cantor Fitzgerald initiates Stratasys as buy Cantor initiated the Israeli 3D printing company and says it sees pent-up demand. "Our Overweight rating is based on our view that new product cycles at Stratasys should help accelerate growth, while industry pent-up demand and a consolidation wave offer a favorable environment for growth and profitability." Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the stock, but that the company will need "substantial funding" to complete its Georgia plant. "According to our model, Rivian will need substantial outside funding to complete and ramp the Georgia plant.