Morgan Stanley upgraded Harley-Davidson and Meta, while Foot Locker also got an upgrade.
Here are Tuesday's biggest calls on Wall Street: Morgan Stanley upgrades Meta to overweight from equal weight Morgan Stanley said it sees a more "structurally" disciplined company. " META' s structural pivot focusing on efficiency and ROIC, improving revenue and engagements trends, surging Reels monetization and 3 further revenue call options turn us OW." Read more about this call here.
"We believe a potential MSFT app store would be an immaterial risk to AAPL at just 3% of App Store revs and < 1% of Apple's total revs/EPS. However, MSFT's strong brand and tech leadership still represents a potential long-term threat to keep watching. Loop reiterates Best Buy as buy Loop said it's standing by the stock for the long term.
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