Here are the biggest calls on Wall Street on Tuesday:

Morgan Stanley upgrades Booking Holdings to overweight from equal weight

Morgan Stanley says the online travel company’s stock is underappreciated.

“We see BKNG staying a key driver of travel even as agentic tools evolve. BKNG will still own the customer, capture robust traveler data and use those to drive high-margin direct business.”

JPMorgan upgrades Domino’s to overweight from neutral

JPMorgan upgraded the stock following earnings.

“Domino’s steady share-taking, value-driven business model again screens well to buy at the current ~$400 level.”

RBC initiates Blackstone as outperform

RBC says the private equity company is firing on all cylinders.

“Blackstone is a leading beneficiary of secular retail growth over the medium term, coupled with an improving real estate cycle that is gaining momentum — both of which should drive continued ~20% earnings growth near term.”

Wolfe initiates Alkermes as outperform

Wolfe said in its initiation of Alkermes that it sees a wide range of positive catalysts for the biotech company.

“We believe the company’s emerging narcolepsy franchise would drive a key inflection point.”

UBS upgrades America Movil to buy from neutral

UBS says it sees upside potential in the LatAm telecommunications company.

“We update our AMX model, raising PT to $30.00 (from $23.60) and upgrading the stock to Buy.”

TD Cowen reiterates Broadcom as buy

TD Cowen lowered its price target on the stock to $405 per share from $450 ahead of earnings.

“Positive on Broadcom as Google’s guide to almost double its CapEx in C2026 should be a tailwind to Broadcom’s XPU business.”

Seaport upgrades Fox to buy from neutral

Seaport says investors should buy the dip.

“We believe the post-earnings, sports betting exposure, and post-accelerated share buyback drawdown in FOX/A shares has been overdone.”

DA Davidson initiates Rubrik as buy

DA Davidson says investors should buy the weakness in the cybersecurity company.

“Initiating coverage of Rubrik, Inc. (RBRK) with a BUY rating & $65 PT.”

Loop upgrades Qualcomm to buy from hold

Loop says it is going “against the grain” with the upgrade.

“There are many reasons why QCOM’s shares have underperformed the chip sector on a YTD, 1-year, 3-year, and 5-year basis. Most obvious, the company is not a data center AI beneficiary — at least not yet. YTD, the share price underperformance has been fueled by a perfect storm of circumstances. However, memory chips won’t remain in short supply forever, and accordingly, the smartphone market should recover/normalize from the initial shock.”

Canaccord initiates Americas Gold and Silver as buy

The firm says it’s bullish on the metals company.

“Americas Gold and Silver is a U.S.-focused silver producer that owns and operates the Galena Complex in Idaho’s ‘Silver Valley’ and the Cosalá Complex in Sinaloa, Mexico.”

Raymond James upgrades Genuine Parts to strong buy from market perform

Raymond James double-upgraded the stock and says it’s more constructive.

“We upgrade GPC to Strong Buy with a $145 target.”

RBC initiates TPG as outperform

RBC says buy the dip in the private equity company.

“We rate TPG Outperform as the stock’s significant recent pullback on AI/software-related concerns has created an attractive entry point...”

Truist reiterates Nvidia as buy

Truist says it’s bullish ahead of Nvidia earnings later this week.

“We believe FQ4 results (and FQ1 outlook) will likely exceed consensus, and expect management to offer optimistic commentary about its products, demand, supply, and longer-term drivers.”

Barclays upgrades PPL to overweight from equal weight

Barclays says shares of the utility company are compelling.

“We are upgrading PPL to Overweight with the belief it offers a combination of above-average, increasingly visible EPS growth with a discounted valuation following ~10% underperformance versus XLU peers over the past month.”

Piper Sandler initiates Cactus as overweight

Piper says it sees robust growth for the pressure control company.

“With Cactus, what has always resonated with us is its original high-quality pure-play investment thesis — driving execution and creating differentiation around a core product to capture outsized market share while generating elevated margins, returns, and FCF.”

Deutsche Bank downgrades Blue Owl to hold from buy

Deutsche says it’s concerned about slowing growth for Blue Owl.

“We are downgrading OWL from Buy to Hold and cutting our PT from $15 to $10, driven by reductions in our forecasts for FRE [fee-related earnings] related to our revised expectations for slower growth in retail private credit products, from lower sales and higher redemption forecasts.”

Morgan Stanley upgrades Freshpet to overweight from equal weight

Morgan Stanley said in its upgrade of Freshpet that the pet food company is well positioned.

“Upgrading to OW from EW with topline growth to reaccelerate, conservative FY26 guidance, and an underappreciated opportunity in AMZN/WMT same-day grocery delivery.”

Bank of America initiates PicPay as buy

The firm says shares of the Brazilian fintech company have plenty more room to run.

“We initiate coverage of PicPay (PICS US) with a Buy rating and a US$27 price objective, implying 73% upside potential.”