Latest news with #EPA2027
CNBC
27-05-2025
- Business
- CNBC
Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Dell, CoreWeave, Royal Caribbean, Microsoft & more
Here are Tuesday's biggest calls on Wall Street: Piper Sandler reiterates Nvidia as overweight Piper said it's sticking with the stock ahead of earnings on Wednesday. "We advise investors to weather the uncertainty and stay long the stock as this is likely largely the last wave of negative news for NVDA this year. Reiterate OW rating." UBS upgrades LifeStance Health to buy from neutral UBS said the long term growth thesis is intact for the health company. "We are upgrading our rating of LFST to Buy (50%+ upside on $8.50 PT) as we see a fundamental disconnect between underlying performance and valuation today." Piper Sandler initiates SoundHound as overweight Piper said it's bullish on shares of the AI voice company. "We are initiating coverage of SoundHound with an OW rating and $12 price target based on 22x EV/CY26E Sales." Barclays downgrades CoreWeave to equal weight from overweight Barclays downgraded the stock on valuation . "We continue to like the role Coreweave is playing in the new GenAI world. However, after a 157% move since the IPO we see valuation at levels that could be stretched to move higher off fundamentals in the near term. As such, we downgrade to Equal Weight." Goldman Sachs upgrades Cummins to buy from neutral Goldman said it sees "improved supply and structurally higher unit profitability." "We upgrade CMI to Buy from Neutral as we see (i) structurally higher Power Systems profitability (pricing structure beyond data center), (ii) derisked EPA 2027 expectations, and (iii) US truck demand expectations that have been significantly reduced while used sleeper inventory levels that are now down 30% yoy." Baird upgrades Envista to outperform from neutral Baird upgraded the dental equipment company on tariff relief. "We're also upgrading NVST today to Outperform, with our call focused more on stock factors than pure end-market fundamentals, with stable end markets/recent China tariff relief (for now) likely helping this upside become increasingly apparent next couple quarters." Morgan Stanley reiterates Apple as overweight The firm said it's standing by Apple despite concerns over an import tariff on the iPhone. "While 'time to market' of a US-produced iPhone is one major impediment, our math says a 25% tariff on iPhone imports isn't enough incentive for Apple to reshore US-bound iPhone production. This means tariff costs are likely to increase beyond the June qtr; we have largely already accounted for this Truist upgrades Wingstop to buy from hold Truist said it's bullish on the wing-themed restaurant company. "We are upgrading our rating on WING to a Buy, from Hold, and increasing our ests. and PT to $400, from $274. Bernstein names Royal Caribbean a top pick Bernstein calls the cruise company the "vanguard" of the "industry renaissance" and said the stock is a top idea in the second half. "Add in a highly constrained supply environment, set to grow below demand, and Cruise should offer an attractive investment opportunity. Royal Caribbean is at the vanguard of this industry renaissance with the biggest ships and leading the industry on private destinations." Citi initiates DLocal as buy Citi said the cross border payment company is well positioned. "dLocal is a cross-border payment platform, connecting global merchants with customers from emerging economies in Africa, Asia and Latin America, through a unified platform and a single API [application programming interface]." UBS reiterates Tesla as sell UBS said its survey checks showing declining interest in Tesla and EV's. "Survey shows declining interest in EVs and the Tesla brand around the world." Wells Fargo initiates Expro Group Holdings as overweight The firm said it sees a slew of positive catalysts ahead for the energy company. "Initiate coverage of XPRO with an Overweight rating and $12 PT." Jefferies upgrades Southwest to hold from underperform Jefferies upgraded Southwest on the management's new initiatives. " LUV' s $1.8BB of initiatives EBIT in '25: $1BB from tactical changes of yield/inventory mgmt, new distribution channels, cuts to underperforming cities, & new intentional connections." Wolfe downgrades U.S. Steel to peer perform from outperform The firm said it assumes the deal for Nippon to take over U.S. Steel will occur. "We downgrade to Peer Perform in light of shrs trading near the Nippon takeout value. It seemed President Trump was set to approve the deal, which had been awaiting a final White House decision since January." Citi opens an upside catalyst watch on Dell Citi said it sees upside for Dell shares ahead of earnings this week with improved demand for Nvidia's GB200 AI super chip which Dell uses. "We open a ST [short term] Upside View on DELL shares on improving GB200 demand profile, showing a marked improvement." TD Cowen reiterates Microsoft as buy TD Cowen raised its price target on the stock to $540 per share from $490. "As AI revenue is rapidly building in the Azure model, especially OpenAI's contribution, we think this will start to put stronger upward pressure on total Azure growth. We think a return to Azure upside trends and firmer growth in the mid-30% level should help drive a stronger narrative around Azure and greater fund flows back into MSFT. " JPMorgan upgrades MSC Industrial to overweight from neutral JPMorgan said the industrial supplies company is a "turnaround story." " MSM has historically been among the most levered in the group to domestic IP trends given its status as industry leader in metalworking distribution."
CNBC
27-05-2025
- Automotive
- CNBC
Buy this power generation stock for more than 35% upside, Goldman Sachs says
Cummins could see strong demand for its power generation products beyond a growing appetite for data centers, according to Goldman Sachs. Goldman upgraded the engine, power generation and electric vehicle component manufacturer to buy from neutral on Tuesday. The bank also raised its price target to $431 per share from $410, which implies 36% upside from Friday's close. "We see (i) structurally higher Power Systems profitability (pricing structure beyond data center), (ii) derisked EPA 2027 expectations, and (iii) US truck demand expectations that have been significantly reduced while used sleeper inventory levels that are now down 30% yoy," analyst Jerry Revich said. CMI YTD mountain Cummins Inc. stock in 2025. "Cummins has expanded its Power Systems margins over the course of this cycle from a range of 5-10% historically to a 15-20% run-rate and within the context of CAT's ~20% margin for Energy & Transportation. The margin expansion has been driven by a transition to value-based pricing, with capacity and product line expansion for large generators (including data centers) contributing," Revich said. The analyst's bullish call is in concert with a more optimistic view of the machinery sector, which he said is at an inflection point. "Machinery supply is inflecting positively for the first time in three years, new equipment destock is more than halfway complete, margin expectations have been reset embedding tariff headwinds, and valuations appear reasonable on mid-cycle earnings," Revich said. Shares have slipped 9% in 2025 but have gained more than 7% in May. The stock climbed more than 2% following the upgrade. Despite the upgrade, most analysts are cautious on the stock. LSEG data shows 15 of 24 of those covering Cummins rate it a hold, while another eight have a buy or strong buy rating. The average price target implies upside of 11%.
