Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Apple as outperform Evercore says it's sticking with the stock despite slowing App Store growth. "Net/Net: App Store growth slowed in March as renewed Gaming weakness weighed on otherwise solid growth across the other categories we track. ... Expect AAPL to address the delta, with upside likely driven by higher growth areas such as Apple Pay, iCloud, and Licensing. Sticking with our OP and $330 target." Seaport downgrades Toll Brothers and D.R. Horton to neutral from buy Seaport downgraded the homebuilders and says it sees a slew of headwinds. "We lower our ratings on all Builders, with 15% downside expected for Sell-rated names (LEN, KBH, NVR, PHM, TMHC) with Neutral ( DHI , MHO, TOL and BLD) names modestly better positioned on geographic or product type mix, with implied book valuation below 2013+ levels, owing to ongoing demand pressure, and below past cycle ROE upside/recovery prospects." Jefferies upgrades MercadoLibre to buy from hold Jefferies says it sees "growth investments" for the Latin American company. "We back MELI's consistent approach and successful long term track record of investing in long term growth opportunities." Citizens upgrades Rocket Lab to market outperform from market perform Citizens says the space company is best positioned for the "space economy." "We upgrade our rating to Market Outperform from Market Perform and establish an $85 price target on Rocket Lab Corporation , as the company's launch, defense space systems, and a clearer path toward higher-value space services shift the risk/reward meaningfully in Rocket Lab's favor, coupled with a favorable geopolitical and funding environment for the space economy." KeyBanc initiates Permian Resources as overweight Key says the Permian Basin exploration and production company is well positioned. "We initiate coverage of Permian Resources (PR) with an Overweight rating and $25 PT." UBS upgrades Morgan Stanley to buy from neutral UBS says the stock is cheap. "Given best-in-class profitability, MS shares will unlikely ever screen optically inexpensive. But given the recent barrage of headlines hitting the market and bank stocks (Iran conflict, private credit, AI disruption), we think it's an opportunity for investors to add quality stocks in their portfolios." Read more. Morgan Stanley downgrades Arm Holdings to equal weight from overweight Morgan Stanley says it sees too many near-term headwinds for Arm Holdings. "Strong early execution is offset by DRAM-related headwinds, margin pressure, and potential licensee conflict, leaving valuation capped at $150. We move to Equal-weight. Our bull case (now $287) explores upside potential from hurdles clearing." UBS upgrades Pinnacle Financial to buy from neutral UBS says the regional bank is too attractive to ignore. "We see too much value to ignore here with shares trading at 7.5x FY27 EPS, a 1/4 discount to the broader group and nearly 1/2 of legacy PNFP' s historical multiple." UBS upgrades East West Bancorp to buy from neutral UBS says it sees "valuation expansion." "Consistent growth, best-in-class efficiency (mid-30%), and a robust capital make EWBC a core long-term holding among regional banks." UBS upgrades Popular to buy from neutral UBS says the Puerto Rican banking company is firing on all cylinders. "We assume coverage o f BPOP with a Buy rating and $160 price target, representing 9.6x our FY27E EPS. BPOP is the largest higher-for-longer winner in the group, with the +32bps YTD increase in the 2yr yield further enhancing its fixed asset repricing upside" BTIG initiates MSG Entertainment as buy BTIG says the stock's valuation is "compelling." "We are initiating coverage of MSGE with a Buy and $70 PT. The company is at the crosshairs of the live entertainment secular tailwind with premium assets in New York City (NYC) and a globally recognized brand." Baird upgrades Q2 Holdings to outperform from neutral Baird says the cloud-based digital bank is "best-of-breed." "AI relies upon context to create value, QTWO is the system of context for banks. We consider the company's digital banking platform to be the best-of-breed solution for the targeted audience of financial institutions differentiation is evident in recent financial success and broadening of opportunity." Piper Sandler upgrades Centerspace to overweight from neutral Piper Sandler says investors should buy the dip in the real estate investment trust. "Our upgrade is driven by CSR's underperformance versus apartment peers YTD (-10% versus -6.5%), while its Upper Midwest portfolio offers investors differentiated exposure than the Coasts or Sunbelt of peers. Bank of America adds Spotify, Viking Holdings and Microsoft to the US1 list The firm added all three companies to its best ideas list. "We are adding Microsoft Corporation ( MSFT), Spotify Technology S.A. (SPOT), and Viking Holdings Ltd. (VIK) to the US 1 List." Rosenblatt upgrades Arista Networks to buy from neutral Rosenblatt says it sees robust revenue growth. "Given ANET's big deferred revenue balance of $5.4bn, and strong orders for scale out Ethernet and scale across Switching & Routing, we think revenue growth can exceed guidance for 25% in 2026 and 20% in 2027." Citi upgrades Wingstop to buy from neutral Citi says investors should buy the dip in Wingstop shares. "We see franchise profitability near highs and near best-in-class new store returns continuing to support the unit growth engine (mid-teens% in '26), and current valuation offers an attractive entry point for a high FCF conversion (90%+), low-teens system-wide sales grower." Wells Fargo reiterates Intel as equal weight Wells Fargo raised its price target on Intel to $55 per share from $45. "We maintain our EW rating at current levels, given: (1) still too early to make a definitive call on execution to process node leadership looking into 2026+, (2) continued uncertainties regarding Intel's ability to drive to a sustainable 50%+ gross margin and positive FCF." Barclays reiterates Oracle as overweight Barclays says it's bullish on the company's change of chief financial officer. " ORCL appointed Hilary Maxson as CFO, with Doug Kehring moving back to solely focus on leading operations. Kehring's tenure leading ORCL's finance org was short, but seems prudent as an industrials-oriented CFO complements ORCL's growing OCI business that is more capital-intensive and complex." Bank of America initiates Navan as buy The firm says the global business travel program is an AI beneficiary. "We initiate coverage of Navan (NAVN) with a Buy rating, given the strong growth of its AI-led platform which integrates corporate travel, expense and payments." JPMorgan reiterates Broadcom as overweight JPMorgan says it's bullish on th e company's agreement with Alphabet and Anthropic. " Broadcom announced a set of commitments/agreements that significantly extend and deepen its strategic partnerships with Google and Anthropic, entering a Long Term Agreement...." .
