Stifel has initiated coverage of The Metals Royalty Company with a buy rating, citing its capital-light model and potential upside due to diversified leverage to metal prices. Evercore ISI remains bullish on SpaceX and Nvidia, emphasizing their partnership's strength and its implications for AI development.
CLSA upgraded Baozun to outperform, raising its price target to $3.80, reflecting improving profitability in the competitive e-commerce sector. Bank of America reiterated its buy ratings on Affirm, Marvell, and Tesla, with Affirm's price target increased to $104, and Marvell noted for its accelerating growth.
Additionally, TeraWulf was initiated as outperform by William Blair, suggesting a favorable entry point with a target of $31 per share. Burlington was also reiterated as a buy, expected to gain market share. Evercore raised Amazon's price target to $355, highlighting the positive impact of AI on retail sales.
Lastly, Argus upgraded Moderna to buy, encouraging investors to capitalize on its recent positive trial results for a personalized cancer vaccine