Here are the biggest appeals on Tuesday on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley says it sees competition growing in China and Tesla is going through a “dependant” period. belongs to the pinnacle of China”. “We believe Tesla is moving past a ‘peak China’ dependence period over the next 12 months. Capacity growth in the US and Europe will be coupled with a much higher, enhanced level of vertical integration. thanks to tax incentives and manufacturing subsidies where Tesla appears unique.” Deutsche Bank downgrades Western Digital to retain its purchase of Deutsche saying the path to recovery for Western Digital remains “uncertain.” “We believe WDC’s F1Q (September) revenue and EPS are tracking below the guidance low, and the F2Q (December) outlook is also likely to be significantly lower than the Street’s current estimates. ” Read more about this call here. UBS recalls Ralph Lauren when it bought UBS said the clothing company is a “strong story turning.” “We think the stock will outperform due to EPS surpassing NTM (next 12 months) and P/E. adding credence to this view RL analyst day post.” KeyBanc founded Diamondback Energy when KeyBanc was in surplus. balance said when he founded the hydrocarbon exploration company that it had a “simple production model focused on disciplined spending and high income”. “Starting Q3 22, Diamondback has increased its cash return commitment to 75% FCF, which will be implemented through basic/variable dividends and buybacks. The company plans to maintain stable production. greater liquidity and cash recovery, and a commitment to avoid large-scale M&A.” Morgan Stanley Upgrades Humana to Overweight to Equal Weight Morgan Stanley said during its health insurer upgrade that they see “rapid growth”. “Our proprietary analysis of MA (Medicare Advantage) benefit richness shows that HUM has significantly improved its competitive position, leading to stronger member growth in 2023E and a path forward. clearer to $37 EPS in 2025.” Read more about this call here. Morgan Stanley reiterates Ford on par. “We’ve been interested in the risk-reward for Ford throughout FY22 and will be weak buyers below our $14 target, which we haven’t changed.” Morgan Stanley reiterates Amazon’s overweight Morgan Stanley says its tests show Amazon is becoming a formidable competitor to Shopify. “Along with our general note on building SHOP’s fulfillment network, we detail AMZN SHOP’s budding competitive offerings, 3 reasons why we’re optimistic about them. this case and what we focus on next.” Barclays downgraded Nike to the same weight as overweight Barclays said in downgrading Nike that it sees an increasing inventory risk. “Moving aside. We downgrade NKE’s stock to Equal Weight based on: 1) our reduced wholesale demand risk thesis, 2) continued volatility in the China market. Mainland, 3) excess inventory in North America creates high operational risk.” Read more about this call here. Susquehanna downgraded PayPal to neutral from positive Susquehanna said it was concerned that Braintree, which PayPal acquired in 2013, could affect rates and profits. “As Braintree is likely to continue to promote PYPL as a whole, its unit economics could entail PYPL consolidation.” Read more about this call here. Bank of America downgraded Weyerhaeuser to neutral with its acquisition Bank of America said in downgrading the woodland company that it was concerned about worsening macro conditions. “We rate WY at Neutral, BofA’s less positive housing outlook and exposure to WY’s OSB/wood products. Ultimately, we expect activity rates and prices to decline and As a result, we forecast earnings below consensus. With a recession still looming, we think it will be difficult for the stock to rally as street estimates drop.” Redburn upgrades Morningstar to buy from neutrality Redburn said during the data and analytics provider upgrade that it is well-positioned to “get through the downturn”. “Despite the lack of sell-side coverage, Morningstar is a major provider of Data & Analytics solutions to the financial services industry, particularly in the Private Markets, ESG and Wealth sectors. With flows With its large subscription-based revenue, strong pricing capabilities, and level of product innovation, we see the business well positioned to weather a downturn.” JPMorgan founded Luminar Technologies as JPMorgan admitted upon its success. establish a self-driving technology company that is the most profitable in the industry. “We are starting on Luminar with an Overweight rating and forecast Luminar to come out of the decade with the strongest revenue among the peer groups despite smaller order volumes than Innoviz currently.” Truist upgrades, purchased by Norway from the Truist organization, said during the cruise line upgrade that it is seeing a positive trend towards luxury cruises. “Importantly, the strongest levels were for luxury travel, with which NCLH had the greatest exposure, while the trend for mass market travel remained lower. weak for this and other reasons discussed below, we are raising our rating to Buy from NCLH Retain.”