Here are the most important calls on Wall Street on Tuesday: JPMorgan initiates Firefly Aerospace at chubby JPMorgan mentioned the corporate goes to be a “leader” within the area market. “We are initiating coverage of Firefly Aerospace (FLY), a small and mid-size launch provider and spacecraft manufacturer, with an OW rating and a YE26 price target of $55, or 10.5x our 2027 sales of $787m.” JPMorgan reiterates Apple as chubby JPMorgan mentioned it’s bullish heading into Apple’s iPhone occasion on Sept. 9. “The first public look at the new line up of iPhones, that will be supported by incremental AI features through the year, can still hold some surprises in relation to hardware changes as well as pricing that can, in the current macro, set up for potential upsides, which however will only be modest in magnitude when compared to prior inflections or super cycles.” Morgan Stanley reiterates Broadcom as chubby Morgan Stanley raised its value goal on Broadcom to $357 per share from $338. “Outside of AI, we expect a cyclical recovery in semis and stable software.” Bernstein reiterates Netflix as outperform Bernstein mentioned traders can buy the dip in shares of Netflix. “While near-term questions may persist, Netflix’s longer-term growth algorithm — engagement, subs, pricing — remains solid, supporting further operating leverage and margin expansion.” Needham initiates WhiteFiber at purchase Needham mentioned shares within the pc assist providers firm are compelling. “We initiate on WhiteFiber (WYFI) with a Buy rating & $34 Price Target.” Bank of America reiterates Nvidia and Broadcom as purchase Bank of America mentioned it’s sticking with Nvidia and Broadcom as prime concepts. “We continue to favor high quality large caps including: 1) AI data centers ( NVDA , AVGO, AMD), 2) EDA (CDNS), 3) Semicap (LRCX, KLAC), 4) “Analog” industrial/auto (ADI, NXPI).” Deutsche Bank upgrades Ferrari to purchase from maintain Deutsche Bank mentioned it’s bullish on Ferrari’s F80 mannequin and that it sees “sustained growth and superior profitability.” “We believe that the new F80 will be crucial in achieving adj. EBIT margins above 30%.” UBS upgrades Corning to purchase from impartial UBS says Corning’s development is “not stopping here.” “We upgrade GLW to Buy as we see ongoing AI-driven fiber growth continuing to exceed market expectations, driving sustainable higher growth and re-rating in the stock.” Morgan Stanley initiates QXO at chubby Morgan Stanley mentioned in its initiation of QXO , a distributor of roofing, waterproofing and constructing merchandise previously named Beacon Building Products, that the corporate is a “$50B pound gorilla.” “An industry ripe for consolidation, a mgmt team with a track record of driving value & very attractive math. Initiate OW.” Read more. RBC upgrades American Axle to outperform from sector carry out RBC mentioned in its improve of American Axle that shares of the auto elements aftermarket firm have room to run. “Given its strong exposure to the U.S. auto market, which is experiencing stronger-than-expected vehicle sales demand, peer multiples have re-rated higher.” UBS upgrades Hexcel to purchase from impartial UBS mentioned the aerospace firm is about up for a better P/E a number of. “We upgrade Hexcel to Buy. Inflecting widebody production in 2026 should drive mid teens revenue growth and 300bps margin expansion for Hexcel and a re-rate in the stock.” Bank of America upgrades Affiliated Managers to purchase from impartial Bank of America sees sturdy natural development for the asset supervisor. “We upgrade our rating to Buy from Neutral given a stronger net flow outlook driven by AMG’ s tax aware (AQR) and private markets affiliates.” Wells Fargo upgrades Acuity Brands to chubby from equal weight Wells Fargo mentioned in its improve of the lighting firm that it sees “higher EPS growth expectations.” “We’re upgrading AYI from EW to OW.” Wells Fargo upgrades Hubbell to chubby from equal weight Wells Fargo mentioned in its improve of Hubbell that {the electrical} tools firm is effectively positioned for development. “Utility capex strength on grid hardening, integrating renewables and meeting data center demand are attractive thematic elements. End of destock is cyclically attractive.” JPMorgan initiates Heartflow at chubby JPMorgan mentioned the diagnostic software program firm has a “differentiated” providing. “While investor attention has recently been rightly focused on the foundational hardware, data and infrastructure driving modern artificial intelligence, Heartflow (HTFL) stands out as one of the clearest and most pioneering downstream beneficiaries of the AI revolution in the healthcare sector.” Piper Sandler upgrades Performance Foods to chubby from impartial Piper Sandler sees a pretty threat/reward for the meals firm. “With this note, we are upgrading shares of PFGC to Overweight, from Neutral prior. We particularly like the Risk-Reward here because we can get to reasonably attractive upside for PFGC based solely upon execution of the strategy and the multi-year financial targets that the team recently laid out at its May 2025 Investor Day.” Morgan Stanley downgrades Lam Research to underweight from equal weight The agency mentioned in its downgrade of Lam that it sees too many detrimental catalysts and slowing development for the semiconductor tools producer. “Difficult 2026 set up; Downgrade to UW, $92 PT.” Goldman Sachs provides Walmart and McDonald’s to the conviction purchase checklist Goldman Sachs added each shares to its conviction purchase checklist. “We add Cadence Design Systems (CDNS), Valero Energy (VLO), McDonald’s (MCD) and Walmart (WMT) to the US Conviction List, while removing Viper Energy (VNOM) and Insmed (INSM).” Morgan Stanley initiates Ralliant at chubby Morgan Stanley mentioned in its initiation of Ralliant that shares of the precision know-how firm are compelling. “After ~2yrs of organic declines, we are seeing signs of [next twelve months] cycle uplift — an attractive opportunity with valuation discounted on trough operations.” Baird upgrades Ameresco to outperform from impartial Baird sees a robust demand backdrop for the renewables firm. “We are upgrading AMRC to Outperform as we see the business benefiting from strong demand for [energy performance contract] services (particularly for clean energy expertise) and the need for power over the remainder of 2025 and into 2026.” UBS initiates Addus HomeCare at purchase UBS sees top-line development for the house health-care firm. “We initiate coverage of ADUS with a Buy rating.” Morgan Stanley upgrades SailPoint to chubby from equal weight The funding financial institution mentioned the cybersecurity inventory is effectively positioned. “SailPoint is well-positioned to sustain 20%+ [annual recurring revenue] growth as the company benefits from SaaS migration tailwinds, [and] capitalizes upon an attractive legacy displacement opportunity…” Morgan Stanley upgrades Zscaler to chubby from equal weight Morgan Stanley mentioned in its improve of Zscaler that the cybersecurity firm has more room to run. “While valuation reset this year has captured near term dislocation, growth adjusted multiple leaves opportunity for upside if growth / margins outperform.” Deutsche Bank upgrades Frontier to purchase from maintain Deutsche Bank upgraded the low cost airline following Spirit’s restructuring. “We are raising our rating on Frontier’s shares (ULCC) from Hold to Buy as we see the low fare carrier as best-positioned to be the biggest beneficiary of Spirit’s bankruptcy given their network overlap.” Goldman Sachs initiates Porch Group at purchase Goldman Sachs mentioned it’s bullish on the householders providers platform. “We initiate coverage of Porch Group (PRCH) with a Buy rating and 12-month price target of $21.” Goldman Sachs initiates Brookfield Group at purchase Goldman Sachs referred to as the choice asset administration firm a “capital compounder at a discount.” “We initiate coverage of Brookfield Corporation with a Buy rating, with a $78 12-month price target, ~20% upside.”