Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight The firm said it is sticking with Apple as a top pick following its iPhone event on Monday. “Apple’s iPhone 16 launch event was as-expected, with new details on the Apple Intelligence rollout, a new Visual Intelligence feature, and iPhone pricing the most important incremental announcements.” Deutsche Bank resumes Tesla as buy Deutsche Bank resumed coverage of the electric vehicle maker and said it is a top pick. ” Tesla is in a league of its own and represents our highest conviction secular leader, poised to reshape multiple industries across auto, energy, mobility, and robotics.” Bernstein initiates GE Aerospace as outperform Bernstein said GE is “set in a commercial aviation market at a uniquely positive time.” “We launch coverage of GE Aerospace with an Outperform rating, target price $201.” B. Riley initiates e.l.f. Beauty as buy B. Riley said the beauty company is a “high quality growth story.” “We are initiating coverage of e.l.f. Beauty, Inc . (ELF) with a Buy rating and a 12-month price target of $175 per share.” Wolfe initiates Stryker as outperform Wolfe said it is bullish on shares of the med tech company. “We rate SYK Outperform and have a $405 year end 2025 target price.” Morgan Stanley reiterates Anheuser-Busch InBev as a top pick Morgan Stanley said it is pleased with the beverage company’s turnaround prospects. ” BUD (OW) comes next: we like the prospects of a business turnaround & premiumization trends leading to EPS acceleration in the longer term (plus lower multiples vs. peers).” JMP upgrades Oracle to market outperform from market perform JMP said in its upgrade of the stock that growth is “reaccelerating into the double digits.” “Upgrading to MO; Oracle Accelerates Revenue; Grows into a Strategic Cloud Platform.” Redburn Atlantic Equities downgrades Costco to neutral from buy Redburn said the risk/reward is not as favorable right now. “Yet, while ongoing comp/market share gains should continue to drive decent earnings growth, the current risk-reward profile is skewing less favourably given the even higher than normal expectations priced into a starting point of 50x P/E on FY25. We therefore downgrade Costco from Buy to Neutral.” Deutsche Bank upgrades Equity Residential to buy from hold Deutsche Bank said the real estate investment trust is best positioned. “We are also upgrading costal focused Equity Residential (EQR) to a Buy rating from Hold with an upwardly revised price target of $83, as the rapidly improving cost of capital suggests acquisition activity over the next 12-18 months should be more accretive than we initially thought.” BTIG initiates Haemonetics as buy BTIG said the company is a high-growth entry into med tech. ” Haemonetics Corporation has three main businesses: Plasma Solutions, Blood Center, and Hospital Care Solutions.” Bank of America reiterates Palantir as buy Bank of America raised its price target on the stock to $50 per share from $30. “The upcoming S & P 500 inclusion provides a watershed moment for institutional investors to revisit what they ‘know’ about PLTR . We reiterate our Buy rating and raise our PO to $50.” UBS names Amazon a top pick UBS said the e-commerce giant is best positioned. ” AMZN shares are well positioned for GMV [gross merchandise value] growth as fulfillment regionalization efforts should drive greater consideration from consumer’s wallets due to faster delivery/higher level of service in tandem with segment margin expansion.” UBS initiates Harmony Biosciences as buy UBS said it is bullish on shares of the biotech company. “We initiate with a Buy rating on Harmony , a commercial stage biotech focused on CNS [central nervous system] disorders.” Goldman Sachs downgrades Nutrien to neutral from buy Goldman Sachs said it sees earnings risk for the company. “We downgrade shares of NTR to Neutral from Buy and lower our 12-month price target to $53 from $69, which represents 14% upside from current levels.” Cantor Fitzgerald initiates MKS Instruments as overweight Cantor Fitzgerald said the instruments and process control solution is a “high-quality asset with a best-in-class portfolio.” “We are launching on MKSI with an Overweight rating and $140 price target.” Melius reiterates Nvidia and Broadcom as buy Melius said both stocks remain compelling at current levels. “Valuations Attractive Right Here for NVDA / AVGO. ” Bank of America upgrades Johnson Controls to buy from neutral The firm said Johnson Controls has “best in class data center assets.” “We upgrade shares of Johnson Controls ( JCI) to Buy from Neutral on a combination of data center exposure, valuation, and a forthcoming new CEO.” Guggenheim initiates ProKidney as buy Guggenheim said it is bullish on the biotech company under “renewed leadership.” “We are initiating coverage of ProKidney Corp. (PROK) with a BUY rating and $6 price target.” D.A. Davidson initiates Meta as buy The firm said Meta has “emerging leadership in the most important future technology platforms.” “We see META as a top pick within the mega-cap space, with a combination of emerging leadership in the most important future technology platforms and an attractive relative valuation. We are initiating coverage with a BUY rating and $600 price target.”