A roundup of the most notable stock calls made by analysts on Wall Street today, including buy ratings, upgrades, and price targets for companies like Penguin Solutions, Coca-Cola, PepsiCo, Citi, Wells Fargo, Bank of America, Cheesecake Factory, Vornado, and Bank of America.
Here are Tuesday's biggest calls on Wall Street: Loop initiates Penguin Solutions as buy Loop said the technology computing company is well positioned for artificial intelligence. 'We're Initiating on PENG with a Buy and $30 PT. ... We believe PENG is an on-the-come Gen AI related company with teeth in important areas of critical next generation technology.' Piper Sandler initiates Coca-Cola & PepsiCo as overweight Piper said it likes both beverage giants in 2025.
'We favor KO but also see opportunity in PEP pullback. We consider KO best positioned for sustainable growth and share gains, given its leading global brands and execution.' Truist initiates Citi, Wells Fargo and Bank of America as buy Truist said in an initiation note that it's bullish on several banking giants. 'At current prices, we see particular value in BAC, WFC and C (all rated Buy), expecting each to show improving efficiency and ROTCE via self-help and cyclical levers.' Oppenheimer upgrades Cheesecake Factory to outperform from perform The firm said it's getting bullish on the restaurant stock for the first time since 2011. 'For the first time since launching our restaurant franchise in 2011, we become bullish on CAKE ($65 target). We anticipate a break-out performance in 2025 as the model is finally armed with SSS/margin upside, based on our work.' Mizuho upgrades Vornado to outperform from neutral Mizuho said in its upgrade of the real estate investment trust that it sees a NYC recovery for Vornado. 'From a fundamental perspective, we estimate office stocks pricing in flattish to slightly positive market rent growth the next 12 months, reasonable in our view given where current and estimated 2025 vacancy.' HSBC upgrades Bank of America to buy from neutral HSBC said it sees an attractive entry point for the stoc
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