Market Analysts Initiate Coverage and Upgrades for Various Stocks
- Analysts have released major updates on several key companies including Nvidia, Apple, and Tesla.
- The updates indicate varying sentiments and projections about these corporations' future performance.
- Investors and stakeholders will be closely monitoring these updates for potential market movements.
Evercore ISI has initiated coverage on BV with a Buy rating and a price target of $18, citing the company's potential for long-term margin expansion and a return to profitable growth. The firm also expressed optimism regarding Apple’s upcoming earnings report, maintaining an outperform rating. Additionally, Evercore ISI highlighted Nvidia's Blackwell chip as a key area of interest for investors. In other market movements, Bank of America upgraded Affirm from neutral to buy, predicting a potential rally ahead of the fintech company's earnings report later this month. The firm also raised its rating on AON to Outperform from Underperform, increasing the 12-month target price to $380 following a strong second-quarter earnings report. Barclays has similarly upgraded ASML to overweight, encouraging investors to buy the dip in the semiconductor sector. Meanwhile, RBC reiterated its outperform rating on Tesla, emphasizing the company's strong long-term prospects. Bank of America also upgraded LPL Financial to buy, citing an attractive valuation. Conversely, JPMorgan downgraded Frontier Airlines to underweight, citing multiple negative catalysts on the horizon. In a notable downgrade, Abbott Labs was moved to Hold from Buy due to increased litigation risks, while Morgan Stanley maintained overweight ratings on major banks including Bank of America and Goldman Sachs.