Morgan Stanley has reiterated its overweight rating on Microsoft, citing an increase in its quarterly dividend by 8% to $0.98 per share, which supports a favorable risk/reward profile alongside expected high-teens EPS growth.
Seaport initiated coverage on Cava with a buy rating, emphasizing its brand awareness and growth potential in the Mediterranean fast casual segment, setting a target price of $58. BTIG initiated coverage on American Bitcoin, highlighting its dual strategy of mining and purchasing Bitcoin, suggesting significant upside.
Wells Fargo initiated coverage on Sylvamo as overweight, noting its low-cost asset base and potential for free cash flow growth post-2026. Goldman Sachs maintained a neutral rating on Tesla, adjusting its delivery forecast for Q3 2026 down to 435,000 vehicles from 490,000, indicating weaker-than-expected demand. UBS upgraded Union Pacific to buy, anticipating strong volume growth in 2027.
Barclays upgraded Alvotech, citing positive catalysts from upcoming biosimilar approvals. Deutsche Bank upgraded Anheuser-Busch InBev, arguing it is undervalued despite high P/E ratios. Other notable upgrades included Paychex by Wolfe, Rocket Pharmaceuticals by Needham, and Creditcorp by JPMorgan, reflecting positive sentiment in their respective sectors.
Morgan Stanley also reiterated its overweight rating on Apple, suggesting better-than-expected demand for the iPhone 18. Goldman Sachs raised its price target for Chevron to $240, reflecting confidence in the company following management meetings. Overall, these analyst calls provide insights into potential investment strategies across various sectors