On Tuesday, UBS upgraded Jabil to a Buy rating, citing its strong positioning for AI growth driven by investments from major tech companies like Amazon, Meta, and Google, alongside rising healthcare demand and automation trends. UBS also initiated coverage of Lincoln Electric with a Buy rating, predicting upside based on above-consensus growth forecasts.
In the aluminum sector, UBS initiated Century Aluminum as a Buy with a $60 price target, emphasizing its potential for near-term volume growth due to favorable pricing conditions. Roth initiated coverage of Ondas as a Buy, highlighting its role in next-gen defense technology.
Morgan Stanley reiterated its Overweight rating on Nvidia, noting the positive impact of its financing partnerships, while JPMorgan maintained a Neutral stance on CoreWeave, raising its price target to $110. Loop lowered its price target for Apple to $340 but maintained a Buy rating, citing its potential as a safe haven amid AI developments.
Other significant moves included Truist upgrading Best Buy to Buy, citing undervaluation, and Citi downgrading Allstate to Sell due to concerns over overearning. Overall, these analyst calls reflect a focus on companies that are expected to benefit from technological advancements and changing market dynamics