Analysts adjust ratings for major companies on Wall Street

Wall Street analysts made several important calls on Tuesday regarding various companies and their stocks. TD Cowen maintained a "hold" on Berkshire Hathaway but lowered its price target to $723,000 per share from $741,000. The firm noted that the company faces challenges despite its strong insurance business. Bernstein began coverage on Coinbase, calling it an "outperform." They believe that strong regulatory support will boost Coinbase's role in the U.S. cryptocurrency market. Citizens upgraded Duolingo from "market perform" to "market outperform," setting a target price of $400. They find the app's current valuation attractive. Goldman Sachs upgraded Ralph Lauren to "buy" from "neutral," highlighting the brand's low exposure to tariffs and potential for earnings growth. Morgan Stanley upgraded Lucid Motors from "underweight" to "equal weight." They see Lucid's position as favorable for future opportunities. KBW upgraded Block from "market perform" to "outperform," encouraging investors to take advantage of recent stock price declines. UBS reiterated a "buy" rating for Nvidia, citing the company's promising developments at its Global AI Conference. RBC maintained an "outperform" rating on Tesla but lowered its price target due to revised assumptions regarding future sales. Jefferies reaffirmed its "underperform" rating on Palantir, concerned about its high valuation despite strong fundamentals. Citi reiterated its "buy" rating on FedEx but lowered its price target ahead of earnings, citing concerns over potential adjustments to earnings outlook. KeyBanc maintained "overweight" ratings on Spotify, Netflix, DoorDash, and Uber, labeling them as category leaders. Evercore ISI reiterated its "outperform" rating on Apple and raised its price target to $275 per share, citing consistent growth potential. Deutsche Bank maintained a "buy" rating on Nike and raised its price target ahead of earnings, noting signs of renewed consumer interest. Barclays downgraded PepsiCo to "equal weight," expressing concerns about the snacking division. JPMorgan reiterated its "overweight" rating on Amazon, viewing it as positioned to gain market share during economic downturns. Argus upgraded Starbucks from "hold" to "buy," projecting positive growth driven by digital initiatives and store improvements.