Here are Tuesday's biggest calls on Wall Street.
Here are Tuesday's biggest calls on Wall Street: Baird names Rivian a fresh pick Baird named the EV maker as a top idea and says investors should buy the weakness. "We see Q3 deliveries as a near-term catalyst and expect sentiment to improve as RIVN continues to realize cost benefits from an improving supply chain and the use of in-house components." UBS reiterates Levi Strauss as buy UBS said Levi Strauss' earnings will be less bad than feared in early October.
Oppenheimer upgrades Edwards Lifesciences to outperform from perform Oppenheimer said shares of the med tech company are attractive. "We are upgrading Edwards to Outperform from Perform with a $90 PT. Our rating change reflects our fundamental belief: 1) Risk-reward profile is attractive at these levels. At 6.4x FY24E sales, we certainly are not trying to predict the bottom. 2) GLP-1 fears vis-à-vis structural heart are misplaced, at least in the short-medium term.
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Rivian's stock is a bullish 'fresh pick' ahead of deliveries data, Tesla's not so muchRivian's stock was designated Tuesday as a bullish 'fresh pick' by Baird analyst Ben Kallo ahead of the EV maker's deliveries report due out next week.
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