Here are Tuesday’s biggest calls on Wall Street: Bank of America reiterates Carvana as buy Bank of America raised its price target on the stock to $375 per share from $325. “Despite tariff-driven supply concerns, May used car supply ended at 44 days of supply, up one day vs. April, and down only two days Y/Y. In our tracking, Carvana’s Inventory is at its highest level since March (at 32.9k in SF Bay Area) with rapid-delivery inventory at recent highs.” Bank of America reiterates Nvidia as buy Bank of America said data center demand trends remain robust for Nvidia. “Developing AI infrastructure leveraging local datasets and workforces is a rapidly growing global phenomenon and we expect it to contribute $50bn+ annually or 10%+ of long-term AI addressable market.” Goldman Sachs reiterates Apple as buy Goldman Sachs said it is sticking with the stock following its Worldwide Developers Conference reveal. “We are Buy-rated on AAPL as we believe that the market’s focus on slower product revenue growth masks the strength of the Apple ecosystem and associated revenue durability & visibility.” Read more. Wells Fargo reiterates Tesla as underweight The firm said it is sticking with its underweight rating. “Most of TSLA May delivery results are now out. Once again, global deliveries are trending meaningfully weaker, with May trending 23% lower y/y and Q2 QTD trending 21% lower y/y. All three key regions are double-digit % lower, with EU the worst.” Wells Fargo reiterates JPMorgan as overweight Wells Fargo raised its price target on the stock to $320 per share from $300. ” JPM’s internally generated organic growth is better than we and likely many others appreciate.” Read more. Redburn Atlantic Equities downgrades McDonald’s to sell from buy Redburn double-downgraded the stock due to growth concerns and obesity drugs. “Concerns around GLP-1s, pricing and tempered growth expectations lead us to downgrade McDonald’s to Sell (from Buy)…” Read more. Redburn Atlantic Equities upgrades Yum Brands to buy from neutral The firm said the owner of brands such as KFC has “category momentum.” “On the positive side, our above-consensus estimates for Yum! Brands are reflective of better category momentum and less optimistic pricing expectations.” Mizuho upgrades Macerich to outperform from neutral Mizuho said the real estate investment trust has an attractive risk/reward. “We are upgrading MAC to Outperform ($18 PT) as we believe the stock offers an attractive risk/reward profile and that its underperformance YTD offers an intriguing entry point for risk-tolerant investors to gain exposure to a highly productive mall portfolio with substantial long-term earnings upside, trading at a clear and sizable discount vs its history / peers.” Baird initiates Bel Fuse as outperform Baird said the electronics component company is an “attractive transformation story.” “With an improved operational foundation firmly established under CEO Farouq Tuweiq, Bel Fuse is now pivoting to growth (including new incentives and leadership).” Oppenheimer initiates SunCar Technology as outperform Oppenheimer said the digital automotive services company is well positioned. “Initiating coverage on SunCar Technology Group with an Outperform and $3.50 PT.” D.A. Davidson reiterates CoreWeave as underperform D.A. Davidson said it is sticking with its underperform rating on the stock after a financial disclosure. “CoreWeave disclosed a pro forma contract financing structure example to analysts earlier today, trying to indicate shareholders will get some returns during the duration of the contracts being signed. We believe the disclosure (even if accepted at face value) very clearly illustrates the exact opposite point…” KeyBanc initiates Dynatrace as overweight KeyBanc said the observability platform is best positioned. “We are positive on Dynatrace’s leadership in APM [application performance monitoring] and in the enterprise segment, a strong #2 consolidator after Datadog, and has several product and GTM [go-to market] catalysts for continued high-teens growth.” Citi adds an upside catalyst watch on Skyworks and Qorvo Citi said it is sticking with its long-term sell rating on both stocks but is adding a positive catalyst as the companies are Apple supply chain beneficiaries. “Moreover, Asia supply chain currently expects 80-95M or stable Y/Y growth for iPhone 17 build. Apple supply chain stocks historically outperform AAPL stock from WWDC through iPhone launch event in September. As such, we are adding upside 90-day catalyst watches on SWKS / QRVO into earnings and IP17 launch.” Goldman Sachs reinstates Kontoor Brands as buy Goldman Sachs resumed coverage of the owner of brands such as Wrangler and says it sees a compelling risk/reward. “We reinstate our rating of KTB at Buy with a 12-month price target of $85 (25% upside). ” Bank of America reinstates Deutsche Bank as buy The firm reinstated coverage of the German bank and says it is extremely well positioned. ” DBK is a ‘Global Hausbank’ with a valuable German edge.” Loop reiterates Disney as buy Loop raised its price target on Disney to $130 per share from $125,. “We are raising our DIS PT to $130 from $125 based on higher multiples and a more stable environment and reiterate our Buy rating.” Read more.