(This is CNBC Pro’s live coverage of Tuesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A legacy automaker and a tech giant were among the stocks being talked about by analysts on Tuesday. Goldman Sachs raised its rating on Ford Motor to buy from hold. Meanwhile, Pivotal Research initiated coverage of Google-parent Alphabet with a buy rating and a price target that implied upside of nearly 30%. Check out the latest calls and chatter below. All times ET. 6 a.m.: Citi downgrades HP to neutral HP Inc will fall victim to a deteriorating industry backdrop, according to Citi. The bank downgraded the personal computer maker to a neutral rating from buy, citing limited upside potential in the near term. Analyst Asiya Merchant maintained her price target of $37, which implies that shares of HP could rise 3%. The stock has gained 19% this year. Merchant pointed to limited near-term upside in the PC category for the downgrade. AI impacts to PC revenue also appear limited for now, with full uplift not materializing until at least next year. The analyst added that mounting Japanese competition, alongside a weakening China economy, might also weigh down HP’s earnings. “The company continues to experience Chinese market headwinds where both Chinese domestic hardware competition and macro headwinds persist, and more notably with no foreseeable print recovery expected, limiting any revenue upside and further pressuring margins hoped to be offset with ongoing cost control efforts,” Merchant wrote. She added: “While we believe continued cost-takeout efforts should be supportive of margins and earnings recovery ahead, the pressures of a likely protracted PC refresh, delayed AI impact, and continued print competition in Japan & China, as well as China macro environment should temper valuations nearer-term from its historical highs.” — Lisa Kailai Han 5:48 a.m.: Goldman Sachs upgrades Ford to buy, sees 23% upside ahead Ford’s robust portfolio gives it a leg up above its peers, according to Goldman Sachs. Analyst Mark Delaney upgraded the automobile manufacturer to buy from neutral. He also raised his price target to $13 from $12. The updated forecast implies that shares of Ford could rally 23% from Monday’s close. Ford is down 13% this year, but Delaney thinks the company’s growing software and services mix could bolster its shares. F YTD mountain F year to date “Overall, we believe this implies that software & physical services for the whole company could account for > $2 bn of EBIT in 2025 and > $4 bn in 2030,” the analyst wrote. “While calculating the effect on total company EBIT can be somewhat difficult with the EV business currently negative, we see these levels of profit and profit contribution as consistent with multiple expansion from our tech industry case studies.” Cost efficiencies in Ford’s electric vehicle unit could also offset some headwinds. Delaney added that Ford Pro, one of the company’s more profitable commercial businesses, could further drive revenue and profit opportunities. Ford Pro includes the newly released Super Duty vehicles. “The company believes its Super Duty portfolio offers best-in-class payload towing and horsepower torque that sets it apart from the competition,” the analyst said. “Ford also believes that its comprehensive supply chain and portfolio are a competitive advantage.” — Lisa Kailai Han 5:48 a.m.: Pivotal Research initiates Alphabet as a buy Google-parent Alphabet shares are too attractive to pass up, according to Pivotal Research. Analyst Jeffrey Wlodarczak initiated coverage of the tech giant with a buy rating. His price target of $215 indicates upside of 29.6% from Monday’s close. Alphabet shares are up more than 18% for the year. However, they’ve lost 9.4% over the past three months as antitrust worries swirl around the company. GOOGL YTD mountain GOOGL in 2024 Still, “if the status quo holds, GOOG appears to be in a very strong competitive position with a deep moat around their dominant core search business model (~90% market share ex China) and an obvious path to leverage 90%+ (ex China) global device presence (which we believe will dominate consumer AI assistant use), a strong AI platform and financial might to increase financial incentives to handset manufacturers for default AI placement,” Wlodarczak wrote. He added that Alphabet’s valuation “appears to discount very conservative post ’27 search revenue declines.” These can be offset by several factors, including a Vice President Kamala Harris win in the November U.S. presidential election. — Fred Imbert