(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A software giant and a home improvement retailer were among the stocks being talked about by analysts on Tuesday.
Piper Sandler upgraded shares of Salesforce to overweight, with its new price target implying upside of more than 20%. Lowe's, meanwhile, got an upgrade to outperform at Oppenheimer. Check out the latest calls and chatter below.
All times ET. 6:02 a.m.
: Jefferies downgrades Starbucks to underperform Jefferies is bracing for more troubles ahead for shares of Starbucks . Analyst Andy Barish downgraded shares to underperform from hold, citing near term uncertainty. He also slashed his price target to $76 from $80.
The new target implies 20% downside from Monday's close. "While the new CEO suggests necessary strategic change is now on the table, we believe execution will be challenged as issues like ops, culture, value perception and tech take time to fix," he wrote. Barish anticipates low near-term visibility in both the U.
S. and China and believes the coffee chain will offer a lower-than-expected guide for 2025. He also sees a pathway for a downward revision in long-term growth targets.
"Next few announcements likely to add uncertainty to the turnaround and stock story, and we believe estimate reductions near and medium-term are on the way, which will create pressure for the stock," he said. Shares are down marginally ye.