Analysts upgrade Xpeng and Tesla due to positive outlooks

On Wednesday, analysts on Wall Street made significant calls regarding various companies. Nomura upgraded Xpeng, a Chinese electric vehicle company, to a "Buy" rating. They believe Xpeng has a promising pipeline and expect its stock to rise by 22% to $30. Compass Point initiated coverage on Robinhood with a "Buy" rating. They see potential growth in the company's cryptocurrency offerings and set a price target of $61. Citi picked Texas Instruments as a top investment choice, citing its strong risk/reward profile. They believe it offers the best opportunities in the analog sector. Barclays upgraded Mosaic, a potash and phosphate company, to "Overweight." They raised the price target to $33, expecting profits to improve following recent project investments. Stephens also began coverage of Klaviyo, a software company, with an "Overweight" rating. They believe it has room for price increases and could be an attractive acquisition target. Baird upgraded RTX, the defense company, to "Outperform." They are optimistic due to new spending bills from Congress that could benefit the company. TD Cowen upgraded Shell to a "Buy" rating, stating it is well-positioned among European peers despite a lower price environment. Compass Point noted that investors should buy shares of Affirm after a partnership loss with Walmart. They believe the company has strong growth potential despite recent challenges. UBS downgraded PG & E to "Neutral," citing a lack of positive catalysts due to wildfire concerns. JPMorgan upgraded Vulcan Materials to "Overweight," indicating that they see significant potential for the company. Morgan Stanley reiterated its "Overweight" rating on Alphabet. They are optimistic following Alphabet's acquisition of the cyber company Wiz. Morgan Stanley also initiated coverage of ResMed, a sleep apnea company, highlighting its strong market position. Cantor Fitzgerald upgraded Tesla to "Overweight" after a visit to the company, seeing it as a good investment after a decline in share price. Oppenheimer downgraded Goldman Sachs to "Perform," expressing concerns about the slowing merger and acquisition market. Bank of America maintained its "Buy" rating on Nvidia, citing strong prospects following announcements at their Global AI Conference. Guggenheim reiterated its "Buy" rating on Roku, although it lowered the price target to $100, still confident in the company's future growth.