Here are the biggest calls on Wall Street on Tuesday: Cantor Fitzgerald initiates Strategy as overweight Cantor said in its initiation of Strategy that the crypto company is ready for the bitcoin cycle. “BTC cycle means now is compelling time to buy this financial engineering innovator.” Citi initiates Novartis as buy Citi says the biopharma company is an earnings “outperformer.” “A serial earnings outperformer, we expect Novartis to achieve its 4-5% 25-30E sales guidance, beating consensus 3.5-4.0% and seeing our 30E forecasts 7-8% above consensus.” Bank of America reiterates Amazon as buy The firm lowered its price target to $286 per share from $303 ahead of earnings next week. ” Amazon’s stock lagged the S & P 500 and Nasdaq in 2025 as concerns grew on the company’s perceived AI positioning and relative Cloud revenue growth. However, AWS enters 2026 in an improved capacity position vs 2025, and we think accelerating AWS growth and improving AI tech.’ TD Cowen upgrades Zimmer Biomet to buy from hold TD Cowen says shares of the medtech company have more room to run. ” ZBH has been playing defense, but portfolio gaps are closing, innovation is here, and management seems committed to more conservative outlook messaging. With the offense now taking the field, we believe there’s room for upside and multiple expansion.” TD Cowen initiates Intuitive Surgical as buy TD Cowen says the med tech company has plenty of upside. “We view ISRG as a core MedTech holding and see multiple procedure growth sustaining vectors.” Oppenheimer upgrades TE Connectivity to outperform from perform Oppenheimer says it likes the company’s execution. “We like TEL’s assemblage of favorable market dynamics expanding from rapidly scaling AI/data center across to accelerated electric grid exposure profile, favorable CV and factory automation cyclical junctures, sturdy hsd [high single digit] A & D organic trend.” Wells Fargo reiterates Nvidia as overweight Wells Fargo says the company’s partnership extends Nvidia’s competitive positioning. “Our Overweight rating is based on our positive stance on NVIDIA’s competitive positioning in gaming GPUs and expanding growth opportunities in data center, HPC, and emerging / expanding AI opportunities (autonomous vehicles, healthcare, robotics etc.)” Deutsche Bank upgrades CoreWeave to buy from neutral Deutsche says it likes the company’s partnership with Nvidia. “Yesterday’s announcement with NVIDIA also incrementally strengthens the longer-term view. We firmly believe this was not about CoreWeave’ s need for capital to fund its growth but more strategic in nature.” Read more. JPMorgan reiterates Disney as overweight JPMorgan says it’s sticking with the stock ahead of earnings next week. “As per other catalysts – aside from getting into a beat and raise cadence and any intra-quarter parks data– we think multiple expansion can come from execution on streaming, with management previously highlighting the most significant changes underway from a product perspective since Disney+ launched in 2019, and a notably strong theatrical line up in calendar 2026.” HSBC initiates Waters as buy HSBC says the company is a GARP story. “We view Waters as a GARP (growth at a reasonable price) story. We expect mid-teens earnings growth aided by; 1) the equipment replacement cycle, 2) revenue and cost synergies from the pending Waters and Becton Dickinson (BD) deal, and 3) volume leverage leading to margin expansion in an already best-in-class margin profile.” Morgan Stanley downgrades Alcoa to equal weight from overweight Morgan Stanley says the risk/reward is more balanced. “We are downgrading AA shares to EW… as the stock has significantly outperformed peers in recent months and we now see a more balanced risk-reward.” Wolfe upgrades Target to peer perform from underperform Wolfe says confidence in Target is slowly rebuilding. “Ahead of Target’s March 3rd Investor Day we took a step back and outlined a long-term plan to return the business to growth. We think an earnings rebase is essential for the fundamentals to improve and instill investor confidence in Target.” Needham upgrades Affirm to buy from hold Neeham says the establishment of an Affirm bank could be a “game changer.” “We are upgrading shares of AFRM to Buy (from Hold) and establishing a $100 price target, following the news that AFRM has submitted an application to establish Affirm Bank, a proposed Nevada-chartered industrial loan company.” Read more. TD Cowen downgrades Procter & Gamble to hold from buy TD Cowen says it’s concerned about a slowing recovery for P & G. “Our view is that growth is likely to remain subdued at 2% for the next 1-2 years due to lack of pricing power, an uncertain timeline for regaining competitiveness, and pressure on the Hispanic consumer.” Read more. Evercore ISI reiterates Apple as outperform The firm says it’s bullish ahead of earnings later this week. “We remain positive on shares of AAPL heading into the Dec-qtr earnings this Thursday, as our checks suggest that there’s near-term upside to street estimates, driven by strong iPhone demand and a minimal memory cost headwind (through the Mar-qtr).” Cantor Fitzgerald reiterates Tesla as overweight Cantor says it’s sticking with the stock ahead of earnings on Wednesday. “On Tomorrow’s call, we expect Tesla to likely disclose its 2026 vehicle delivery outlook, and it will be interesting to see whether TSLA guides to growth in its auto business, or another year of fewer sales.”