Here are Tuesday’s biggest calls on Wall Street:

Redburn Atlantic Equities reiterates Wal-Mart as buy

The firm said it’s doubling down on Walmart heading into 2025. “While we do not expect 2025 to replicate the stock appreciation seen in 2024, we see steady and reliable low-double-digit earnings growth with upside to the mid-teens as sufficient to defend the multiple in an increasingly bifurcated retail landscape.”

Citi names Apple a top 2025 pick

Citi said Apple remains a top idea heading into 2025. “We maintain Dec-Q estimates with services sales tracking modestly ahead and products modestly below.”

Morgan Stanley names Tesla Motors a top 2025 pick

Morgan Stanley raised its price target on Tesla to $400 per share from $310. “From our ongoing client discussions, we hear enthusiasm for all things AI, datacenters, renewable energy, robotics and on-shoring. Investors acknowledge the importance of the United States maintaining leadership in such technologies in an increasingly competitive and complex geopolitical environment.”

Bernstein upgrades American Airlines to outperform from market perform

Bernstein said it likes the company’s credit card deal with Citi. “We’re upgrading AAL to Outperform from Market-Perform on the positive industry backdrop update paired with the announcement of an exclusive co-branded credit card deal that’s set to generate sizable cash flow in the coming years, which will help the airline deleverage.” Read more about this here.

Piper Sandler names Alphabet a top pick

Piper said it’s bullish on the stock heading into 2025. “Our recent surveys suggest GOOGL is headed for a product-driven resurgence.”

Piper Sandler downgrades Pinterest, Inc. to neutral from overweight

Piper downgraded Pinterest and said it needs more confidence in the business model. “We move to the sidelines with this name following 2 quarters of mixed prints.”

Goldman Sachs upgrades Norwegian Cruise Line to buy from neutral

Goldman said Norwegian is a market share gainer. “We expect the momentum in cruise to continue, with 1) new-to-cruise passengers growing in the mid-teens y/y, overall penetration still low and demand materially outpacing supply to drive pricing power and 2) the value gap vs. land still higher than history with room to close.”

JPMorgan upgrades Cipher Mining Inc. to overweight from neutral

JPMorgan said the bitcoin miner is undervalued. ” CIFR and CLSK shares have declined 8% and < 1% over the past month, respectively, versus a 24% increase in bitcoin price and 15% increase in the aggregate market cap of our bitcoin mining coverage universe, which feels overly punitive.”

Citi reiterates Broadcom as buy

Citi raised its price target on Broadcom to $205 per share from $175 ahead of earnings later this week. “We expect the company to report results above Consensus driven by a recovery in the non-AI semiconductor business with a better-than-feared gross margin outlook due to higher software mix.”

BMO upgrades United Parcel Service Inc to outperform from market perform

BMO said the risk/reward is turning favorable for UPS shares. ” UPS is successfully leveraging a suite of digital and physical access channels to offer SMBs [small mid size businesses] a competitive value proposition and best-in-class service levels.”

Deutsche Bank reiterates Oracle as buy

Deutsche said it’s standing by Oracle following earnings Monday. “We reiterate our Buy rating post very solid F2Q results that prompted a second look given the headline impact of FX headwinds.”

Bank of America reiterates Chevron as buy

The firm added the stock to its top picks list. “We are adding Chevron Corp. (CVX) to the US 1 List.”

Citi names Dell a top 2025 pick Citi said Dell is a top idea in 2025. “Growing diversified base of customer wins in AI coupled with their full stack offerings across compute, storage and services.”

Morgan Stanley upgrades General Motors to equal weight from underweight

Morgan Stanley said execution is starting to improve. “We raise our GM price target to $54 (from $46 previously) while raising our bull case to $80 ($72 prior), and bear case to $36 ($32 prior).”