Morgan Stanley continues to endorse SpaceX, citing its advantages in intelligence and expected shifts towards robotics and space infrastructure by 2027. Cantor Fitzgerald has initiated coverage on Ralph Lauren, emphasizing its strong brand and growth potential in key markets. Jefferies maintains a hold on Tesla, noting that a merger with SpaceX may face challenges despite the unchanged rationale.
UBS downgraded Carlyle Group due to reduced confidence in its growth trajectory. Jefferies also initiated coverage on Alvotech, describing it as a turnaround story in the biotech sector. JPMorgan upgraded British American Tobacco, highlighting its success in next-generation products, while Jefferies raised Riot Platforms to buy, citing significant upside potential.
Citi upgraded Securitize, believing the risk/reward has improved after a stock pullback. UBS upgraded Millicom and Morgan Stanley Direct Lending Fund, reflecting increased conviction in their financial paths. Other notable calls include upgrades for American Airlines by Rothschild & Co Redburn and MongoDB by BTIG, both citing positive growth catalysts.
Overall, these analyst calls reflect a mix of optimism and caution across various industries, providing insights for investors on potential opportunities and risks