Here are Tuesday ’ s biggest calls on Wall Street:

Needham reiterates Apple as buy

Needham said Apple is a good place for investors to hide.

"Investors need a liquid stock to hide in during 2025 when AMZN, GOOGL, MSFT, and META are investing tens of billions of dollars in LLMs [ large language model ] and other GenAI infrastructure which has no visible rev upside."

UBS reiterates Tesla as sell

The firm said it ’ s standing by its sell rating ahead of delivery numbers on October 2.

"We expect TSLA to report 3Q24 deliveries on 10/2. We now forecast 3Q24 deliveries at ~470k, which would be +8% y/y and +6% q/q."

CFRA reiterates Nvidia as buy

The firm says it sees Nvidia with "sustained compute demand" over the coming years.

"We rank our top picks with compute exposure, favoring MRVL, NVDA, and AVGO the most."

Bernstein reiterates Amazon as outperform

Bernstein said advertising is "key to the bull case once again" for Amazon.

"While product search ads continue to make up the bulk of ad revenues, Prime Video ad dollar contribution is skewed heavily towards 2H24, and particularly 4Q, as dollar commits from the Upfronts, which only wrapped 3rd week of August, get deployed alongside more NFL ads and higher subscription revenues."

Piper Sandler upgrades Salesforce to overweight from neutral

Piper said it sees an attractive risk/reward for the stock.

"We are upgrading CRM to Overweight based on a favorable risk-reward given the potential for FCF per share to double to $20+ by F2029 from $9.65 in F2024, even if top-line growth remains at subdued levels of 8-9%."

Jefferies downgrades Starbucks to underperform from hold

Jefferies said the Starbucks CEO change will take time to take hold.

"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."

Raymond James reinstates Uber as strong buy

Raymond James said the ride sharing company is a top idea.

"Rather, we see Uber ’ s scale as a critical ingredient to improve autonomous utilization and are particularly bullish on the Waymo autonomous tech strategy and Uber/Waymo partnership potential..."

Truist upgrades Walmart to buy from hold

Truist said Walmart is best positioned for share gains.

"We are upgrading WMT to Buy. Walmart continues to gain share across income levels, due to its focus on price, convenience and assortment."

Truist downgrades Costco to hold from buy

Truist said it sees "sales friction" for Costco shares.

"Downgrade to Hold; changes may add sales friction; catalysts behind and valuation stretched."

Citi reiterates Mastercard and Visa as buy

The firm said it ’ s sticking with its buy rating on both stocks but is switching its preference to Mastercard due to regulatory overhangs.

"The U.S. DOJ reportedly plans to file a lawsuit that accuses Visa of anticompetitive conduct related to the U.S. debit market, likely pertaining to routing practices."

Oppenheimer initiates Pinterest as outperform

Oppenheimer said Pinterest is the one of the "fastest growing digital ad platform ( s ) ."

"Initiating coverage of PINS with an Outperform rating and $45 target."

Goldman Sachs names AT&T as a top pick

Goldman said the stock is a top pick heading into earnings in late October.

"T is our top pick heading into the quarter as we expect positive wireless results and potentially a capital allocation announcement with the initiation of a buyback."

Morgan Stanley upgrades BioNTech to overweight from equal weight

Morgan Stanley said immuno-oncology is the next important category for the biotech company.

"We upgrade BNTX to OW from EW as we add sales for BNT327 for cancer to our model and our PT goes to $145 from $93.

Jefferies initiates Kenvue as buy

Jefferies said it ’ s bullish on the consumer health company.

"Kenvue is in the early stages of a transformation. A business that was run for cash is now being primed for growth."

Oppenheimer upgrades Lowe ’ s to outperform from perform

Oppenheimer said Lowe ’ s has a "discounted share valuation."

"We assume a somewhat more constructive stance on home improvement retail and shares of leading chains.