Here are Tuesday’s biggest calls on Wall Street:

Morgan Stanley reiterates Tesla as overweight

Morgan Stanley said it’s sticking with top pick Tesla.

“We find market expectations around Tesla’s near-term automotive business remain too high and do not fully reflect the quantum of incremental capacity and competition coming out of China, ultimately having an impact in international markets.”

Bank of America reiterates Nvidia as buy

The firm said it came away feeling more bullish after the CEO’s keynote address at the Computex conference.

“NVDA’s key differentiators include its ability to: 1) expand its addressable market across multiple vectors of silicon, systems, software and services, 2) drive scale with global supply-chain partners, and 3) solid balance sheet to make strategic investments in the ecosystem.”

Goldman Sachs reiterates Microsoft as buy

Goldman said it has “increasing conviction” in Microsoft’s AI investments.

“We reiterate our Buy rating while raising our PT to $550 (vs. $480 prior) as we mark-to-market our multiples.”

BMO reiterates Alphabet as outperform

BMO said its survey checks of fears over Alphabet search competition are unwarranted.

“Fears that Google Search will be disrupted by AI Search competitors are overblown, as users report higher levels of loyalty to Google and satisfaction with Google’s AI Overviews. Reiterate Outperform and $200 Target Price.”

Bernstein reiterates Boeing as outperform

Bernstein raised its price target on Boeing to $249 per share from $218.

“Key events over the last ten days have been: Qatar Airways widebody order, AviLease 737MAX order, IAG 787 order, UAE Chinook helicopter order, restart of deliveries to China, restart of KC-46 tanker deliveries, and some loosening of tariff concerns.”

Wells Fargo reiterates Dell as a top pick

Wells said it’s sticking with the stock ahead of earnings next week.

“Dell remains Top Pick - AI momentum (best positioned for materializing Blackwell cycle) + pos. trad’l server demand.”

Morgan Stanley reiterates Salesforce as overweight

The firm said it’s sticking with Salesforce heading into earnings next week.

“Low investor expectations, matched with achievable targets and an undemanding multiple yield limited downside, framing a positive risk/reward. OW.”

Wells Fargo reiterates JPMorgan as overweight

Wells said the banking giant is firing on all cylinders following its investor day on Monday.

“JPM further showcased “Goliath is Winning,” given likely ongoing share gains with superior returns and efficiency, consistent w/our preview...”

Wells Fargo initiates SAP as overweight

Wells said the software solutions company is defensive.

“SAP stands out as a defensive horizontal story w/ vertical (or at least idiosyncratic) traits likely to resonate in a fluid tape. See cloud migration momentum driving cont. growth re-accel & closing margin gap w/ mature peers.”

Evercore ISI upgrades Hewlett Packard Enterprise to outperform from in line

Evercore said it sees an attractive risk/reward for the stock and lifted its price target to $22 per share from $17.

“Net/Net: We view the current risk/reward as favorable, with multiple pathways to upside if investors have the duration. Therefore, we’re upgrading our rating on shares of HPE to Outperform and raising our target to $22.”

Loop downgrades MongoDB to hold from buy

Loop said AI tailwinds are emerging slower than expected for the software company.

“We are downgrading our rating on MDB from Buy to Hold and lowering our PT from $350 to $190.”