Here are Tuesday’s biggest calls on Wall Street:

Morgan Stanley reiterates Tesla as overweight

Morgan Stanley said investors should buy the dip on Tesla.

“We see the pullback as a buying opportunity for an embodied AI compounder.”

Barclays reiterates Nike as equal weight

The firm said it’s cautious ahead of earnings later this month but that a bottom is near.

“We believe NKE is closing in on a fundamental bottom. We would get more constructive if: 1) sales-to-inventory inflects and 2) we see a final FY26 sales and margin reset.”

Goldman Sachs upgrades GE HealthCare to buy from neutral

Goldman said trends are stabilizing in China.

“We are upgrading shares to GEHC to Buy and raising our 12-month price target from $85 to $100.

Wells Fargo upgrades Houlihan Lokey to overweight from underweight

Wells said the investment banking company is defensive.

“Double upgrade HLI to Overweight from Underweight as defensibility, with upside to the M&A recovery, is attractive during periods of uncertainty in the highly cyclical M&A industry. These are the times when HLI’s premium multiple most warranted.”

Loop reiterates Reddit as buy

Loop said the stock is “extremely attractive.”

“RDDT has the biggest upside potential relative to Street estimates in our coverage universe.”

KBW downgrades Lennar to market perform from outperform

KBW downgraded the homebuilder on valuation.

“We downgrade LEN to Market Perform with valuation near parity with large cap peers, and we see potential downside risks to estimates.”

Oppenheimer downgrades Freshpet to perform from outperform

The firm said it’s waiting for more “top-line stabilization” for the pet food company.

“As we continue to evaluate our investing playbook in an evolving macro/consumer backdrop, we are downgrading FRPT shares to Perform from Outperform and removing our prior $140 PT.”

Citizens upgrades Unity to market outperform from market perform

The firm said in its upgrade of the game development company that Unity is at an “inflection point.”

“eCommerce significantly expands the mobile game advertising TAM and is a long-term opportunity.”

Baird upgrades Capital One to outperform from neutral

Baird said investors should buy the dip in the bank and credit card company.

“We are upgrading COF to Outperform, as we believe recent weakness has resulted in an opportunity to buy a business that should be one of the most profitable risk-adjusted returns in credit sensitive financials over the next several years.”

Redburn Atlantic Equities upgrades Spotify to neutral from sell

After a change in analyst coverage the firm upgraded Spotify and says it has pricing power.

“While we expect more to come from audiobooks and ‘super-premium’ tiering, we argue the share price already reflects an optimistic near-term outlook. With the shares trading on 26x FY26E EV/EBIT and our new price target of $545 offering just 11% potential upside, we restart our coverage with a Neutral rating.”

Piper Sandler upgrades First Citizens to overweight from neutral

Piper said the regional bank presents an “attractive opportunity” for investors.

“FCNCA stands to benefit from a sizable share repurchase program that should become much more impactful at these lower prices.”

Melius initiates Murphy USA as buy

The firm called the gas station company a “long-term compounder.”

“Initiating coverage on Murphy USA (MUSA) with a Buy rating and a $600 target price.”

Barclays reiterates Oracle as overweight

The firm said it’s sticking with the stock following its “mixed” earnings report on Monday.

“A key part of the ORCL story heading into Q3 was the company’s 2H acceleration needed to meet its
FY25 guidance for double-digit top-line growth. In our view, we did not expect an overly strong
Q3 as it seemed a significant amount of capacity was only coming online late in the quarter and
given Q3 is typically small from a seasonal perspective.”

Bernstein reiterates Broadcom and Nvidia as outperform

Bernstein said investors should take advantage of any dips in both stocks.

“NVDA and AVGO have been brutalized, but are looking attractive for those who can wait out the noise..”

Wolfe upgrades Madison Square Garden Entertainment to outperform from peer perform

Wolfe said it’s bullish on shares of the owner of shows like the Radio City Rockettes.

“MSGE is a permanent winner with pricing power and stability in the US live entertainment market which has been amplified by social media, streaming, and artist economics.”

Barclays reiterates Disney as overweight

The firm said the entertainment giant has some exposure to macro uncertainty but that it’s standing by the stock right now.

“Disney is exposed to macro headwinds via its theme parks business. The company is of course
also expected to face headwinds in this segment on account of Comcast’s new theme park in Florida.”