Wall Street analysts update calls on Capital One, Nvidia, Netflix, Apple, Circle and others

According to CNBC, Wall Street firms issued a series of ratings changes and price-target moves Tuesday, including Bank of America reiterating Capital One Financial Corp. (COF) as buy and adding it to its US1 top ideas list. Truist initiated Cameco at buy; Evercore ISI initiated SpaceX at outperform with a $230 price target; BMO initiated RXO at outperform with a $35 price target; and KeyBanc reiterated Nvidia as overweight while raising its price target to $330 from $310.

UBS upgraded UL Solutions to buy from neutral with an unchanged $110 price target and upgraded FuelCell Energy (FCEL) to buy with a revised $27 price target. Morgan Stanley reiterated Netflix as overweight but cut its price target to $90 per share from $115, while Jefferies reiterated Amazon as buy. Barclays upgraded Independence Realty to overweight from equal weight and initiated SK Hynix at overweight on its ADRs with a $330 price target.

Other moves included HSBC downgrading IBM to reduce from hold and cutting its target price to $191 from $231; Wells Fargo upgrading Red Rock Resorts to overweight from equal weight; Roth initiating Ambiq Micro, Inc. (AMBQ) at buy with a $125 price target; Mizuho downgrading Circle to underperform from neutral; Piper Sandler upgrading Halliburton and Patterson-UTI to overweight from equal weight; and KeyBanc downgrading Apple to underweight from sector weight.

Additional calls included Bank of America initiating Bel Fuse (BELFB) at buy with a $330 price objective and upgrading AptarGroup to buy from neutral; Wolfe reiterating Advanced Micro Devices as outperform and raising its price target to $650 per share from $450; Susquehanna upgrading CSX to positive from neutral; TD Cowen upgrading Newmont Mining to buy from hold while lowering its target price to $127 from $129; Stephens upgrading Wesco to overweight from equal weight; and Stifel initiating Arrowhead Pharmaceuticals at buy with a $98 target price.