Top Calls on Wall Street: Nvidia, Tesla, Roku, Estee Lauder and More

Here are the biggest calls on Wall Street on Tuesday:

Morgan Stanley upgrades Vale to overweight from equal weight

The firm says the metals and mining giant is “undervalued.”

“We upgrade Vale to Overweight as shares still undervalued...”

Mizuho reiterates Tesla as outperform

Mizuho raises its price target on the stock and says it’s bullish on Tesla’s robotaxi efforts.

“TSLA - reiterate OP, raising PT to $530 from $475.”

Bank of America upgrades UBS to buy from neutral

Bank of America says the Swiss banking giant is a best idea for 2026.

“The end-result UBS is a highly attractive proposition, and the equity story combines the potential for more lenient capital requirements with areas of strong growth in wealth management and capital markets.”

Compass Point initiates WhiteFiber at buy

Compass says the data center company is well positioned for AI.

“We are initiating coverage of WhiteFiber (WYFI) with a Buy rating and a $32 price target.”

Goldman Sachs upgrades Moody’s buy from neutral

Goldman says Moody’s is a “pure-play public rating agency.”

″...and upgrade Moody’s (MCO) from Neutral to Buy as it is the closest pure-play public rating agency
with the most leverage to these trends.”

Jefferies initiates D-Wave Quantum at buy

Jefferies says shares of the quantum computing company have more room to run.

“D‑Wave is positioned to benefit from ecosystem tailwinds that are lifting sentiment and usage across quantum architectures.”

Bank of America adds Estee Lauder to US1 list

Bank of America says the cosmetics stock is a best idea for 2026.

“We are adding Estee Lauder Companies (EL) to the US 1 List.”

Morgan Stanley upgrades Bunge to overweight from equal weight

Morgan Stanley says the food processor is well positioned for 2026.

“Within this new framework, we prefer Bunge over ADM simply because we see more upside to estimates at the former and the opposite for the latter...”

Morgan Stanley upgrades L3Harris Technologies and General Dynamics to overweight from equal weight

The firm says both defense stocks are well positioned for 2026.

“Consequently, we upgrade LHX and GD to Overweight from Equal-weight and downgrade LMT to Equal-weight from Overweight.”

Morgan Stanley upgrades SolarEdge to equal weight from underweight

Morgan Stanley says residential demand is improving.

“For SolarEdge we expect an improving residential solar market backdrop to drive a rebound in growth and margins as we think results have bottomed.”

Morgan Stanley downgrades Allstate to equal weight from overweight

The investment bank says it’s worried about rising competition.

“While Allstate has made significant effort to return to strong profitability and improving growth, we believe the thesis is now largely understood by investors.”

Mizuho initiates MetLife at outperform

Mizuho says the insurance company is best positioned for market share gains.

“We are constructive on the positioning of MetLife to achieve continued growth and market share gains across Group Benefits, Latin America and Retirement & Income Solutions.”

Morgan Stanley double upgrades Roku to overweight from underweight and Outfront Media to overweight from equal weight

Morgan Stanley says it likes both stocks’ exposure to the ad market.

“We upgrade ROKU and OUT to OW to gain ad exposure.”

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Morgan Stanley upgrades IdaCorp to overweight from equal weight

Morgan Stanley says the utility has upside potential.

“We are upgrading IDA to OW (from EW), with a Price Target of $139/share (+10% upside).”

Jefferies upgrades Okta to buy from hold

Jefferies says the cyber and identity access company is firing on all cylinders.

“We believe OKTA has a significant opportunity as it attempts to build out a complete identity platform and capture growing agentic demand.”

Stifel initiates Ondas Holdings at buy

Stifel says the company has a differentiated offering.

“ONDS is positioned to emerge a leader in the unmanned systems space.”

Citizens JMP initiates Stereotaxis at market outperform

Citizens sees plenty of upside for the robotic company.

“We initiate coverage of Stereotaxis with a Market Outperform rating and $4 price target.”

KeyBanc upgrades Trimble to overweight from sector weight

Key sees earnings per share growth for the software company.

“We are upgrading TRMB to Overweight on our renewed confidence in the Company’s low-teens ARR [annual recurring reveneand DD EPS growth framework...”

RBC upgrades Jack Henry to outperform from sector perform

RBC says it sees “sales momentum.”

“We believe JKHY has a unique catalyst path that is well positioned to withstand the current market volatility.”

Evercore ISI initiates Insulet at outperform

Evercore says the insulin pump company is a “market leader.”

“We believe PODD will remain the market leader in the insulin pump market (large, underpenetrated TAM), driven by the company’s strong execution track record, unique tubeless form factor and broad pharmacy access.”

Morgan Stanley upgrades Accenture to overweight from equal weight

Morgan Stanley says the stock is compelling at current levels.

“Upgrading ACN to OW as we see an attractive entry point at 18x FY27 EPS and forward revisions are likely going up. Lower interest rates and more AI clarity could support budget growth, with M&A adding upside.”

Wells Fargo upgrades Gap to overweight from equal weight

Wells says it likes the clothing retailer’s management’s execution of strategy.

“With CEO Richard Dickson now at the helm for 2 years, we have seen a meaningful inflection in performance at GAP’s 2 largest brands.”

Barclays upgrades CH Robinson to overweight from equal weight

Barclays sees earnings growth in 2026.

“We upgrade C.H. Robinson (CHRW) shares to Overweight as the company is leveraging
market AI investments and showing demonstrable improvement despite a weak freight environment; earnings growth and valuation leave significant upside even following nearly 40% of outperformance of the company’s shares in 2025.”

Barclays upgrades Southwest Airlines to overweight from equal weight

Barclays says the airline is a top idea for 2026.

“We also upgrade shares of Southwest Airlines (LUV) to Overweight as the carrier stands to benefit from a material upgrade in commercial strategy and as prior more bearish investor expectations for potential market share losses begin to fade.”

Deutsche Bank initiates East West Bancorp at buy

Deutsche says shares of the regional bank are attractive.

“EWBC is a high quality midcap bank that has characteristics of a large cap bank...”

Bank of America reiterates Nvidia as buy

The bank calls Nvidia its top pick in 2026.

“We see 2026 as mid-point of an 8-10 year journey of upgrading traditional IT infra for accelerated and AI workloads.”

JPMorgan initiates AeroMexico at overweight

JPMorgan says the airline is poised for a re-rating.

“We are initiating coverage of AERO with an OW rating and a US$28.50 December-2026 price target.”

Bank of America reiterates International Hotels as buy

Bank of America says the global hotel company is a best idea in 2026 due to the World Cup.

“We are bullish on IHG into 2026 as we expect 1) US RevPAR [revenue per available room]– the regional laggard in 2025 – to improve from 2Q26, given easier yoy [year over year] comps and a boost from the FIFA World Cup and America250 events.”