TD Cowen upgraded Diageo to 'buy' from 'hold', citing a favorable valuation and expected growth from CEO-led cost cuts. Stephens initiated coverage of James Hardie and Granite with 'overweight' ratings, projecting strong performance in fiber cement and civil construction, respectively. Mizuho reiterated its 'outperform' rating on Nvidia, emphasizing its leadership in AI chip technology.
Morgan Stanley maintained an 'overweight' rating on Apple, noting potential earnings upside despite recent price hikes. Goldman Sachs initiated coverage of Penn Gaming and Red Rock Resorts as 'buy', highlighting their compelling risk/reward profiles. KeyBanc downgraded Nike to 'sector weight', indicating a slower-than-expected turnaround.
BMO upgraded AMH to 'outperform', while Piper Sandler upgraded Crocs, citing attractive valuations. Citi initiated coverage of Belden as 'buy', predicting sustainable earnings growth. RBC upgraded American Tower and Americold Realty Trust, reflecting confidence in their growth prospects. Other notable mentions include upgrades for Allegiant, H.B.
Fuller, and FuelCell, while Morgan Stanley reiterated Tesla as 'equal weight', anticipating strong delivery numbers. Overall, these analyst calls reflect a mix of optimism and caution across various sectors, which could impact stock performance and investor strategies