GMT EIGHT - Research - US Stock

Barclays upgrades Ulta Beauty (ULTA.US) to "hold": stands out in the beauty category, with low impact from tariffs and good growth prospects.

Ulta Beauty (ULTA.US) will announce its second quarter performance next week. At this time, Barclays has upgraded the stock rating from "neutral" to "hold".

Baidu Inc's Sponsored ADR Class A (BIDU.US) Revenue from new AI business exceeds 10 billion CMB International gives a target price of $132.

On August 20, Baidu (BIDU.US, 09888) released its second quarter financial report for the 25th year, with AI new business revenue exceeding 10 billion for the first time, an increase of 34% year-on-year. Zhongtai International released a research report stating that AI new businesses such as Luobo Kuai Pao and Baidu Intelligent Cloud are progressing smoothly and will become long-term drivers of revenue and revenue growth, with a target price of $132.

Market Overreacted! JP Morgan: Intel Corporation's outsourcing competition is actually a positive for Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR.

Intel's "competition pretense" actually benefits TSMC more.

Jefferies Financial Group Inc.: Enphase Energy's short-term revenue is expected to surpass expectations, upgraded to "hold" rating.

Jefferies upgraded Enphase Energy from "underperform" to "hold" on Thursday, with a target price of $36.

Barclays: Robotaxi may face a long approval process, giving Tesla, Inc. (TSLA.US) a "hold" rating.

Barclays recently gave Tesla a "hold" rating, and predicted that Tesla's autonomous driving taxi (RoboTaxi) will face a "lengthy" approval process.

Target price raised to $491! Wells Fargo & Company: AppLovin (APP.US) occupies a key position in mobile advertising strategy, and the growth story is far from over.

Bank of America issued a research report, giving the AI marketing and advertising application company AppLovin a "buy" rating and raising the target price from $480 to $491, while also increasing profit expectations.

Bullish on the merger effect, Morgan Stanley has upgraded Hewlett Packard Enterprise Co.'s technology (HPE.US) rating to "hold".

Morgan Stanley upgraded its rating for Hewlett Packard Enterprise (HPE.US) from "neutral" to "overweight", and raised its target stock price from $22 to $28.

The responsibility is shifting to the manufacturers! Bank of America warns that self-driving cars will rewrite insurance rules.

The popularity of autonomous driving cars is profoundly reshaping the ecological pattern of the car insurance industry.

Feel the shock brought by the "AI faith"! Wall Street sounds the call for NVIDIA Corporation (NVDA.US) to rise to a market value of "5 trillion US dollars".

Before the performance is announced, Wall Street is racing to raise Nvidia's performance expectations and target prices. Nvidia's optimistic narrative of hitting a market cap of 500 billion dollars is gaining momentum! Cantor raised it to $240, with major banks like TD Cowen and Morgan Stanley collectively adding to the target stock price.

Shareholders are about to vote, how does Wall Street view Dick's Sporting Goods, Inc. (DKS.US) acquiring Foot Locker, Inc. (FL.US)?

The acquisition of Foot Locker by Dick's Sporting Goods symbolizes the merger of the largest sports goods retailer in the United States with the leading specialty shoe chain. The transaction requires shareholder approval on August 22 and further regulatory approvals.

Goldman Sachs Group, Inc. evaluates the trial results of Viking Therapeutics' oral drug VK2735: Significant efficacy but tolerability is questionable, more suitable for weight maintenance.

Goldman Sachs released a commentary report this week on the recent trial results of Viking Therapeutics (VKTX.US). The top-line results of the trial were positive, and the bank gave a target price of $33.

Bank of America Securities: Upgrades Black Hills Corporation (BKH.US) rating to "Neutral" with potential to improve fundamentals through merger with NorthWestern (NWE.US)

Bank of America Securities has upgraded Blackstone's (BKH.US) rating from "underperform" to "neutral," and raised the target price from $57 to $64.

Morgan Stanley: Home Depot, Inc. (HD.US) second quarter report supports expectations of rising stock prices, reaffirms "buy" rating.

After Home Depot released its second-quarter performance, Morgan Stanley issued a research report, maintaining a "overweight" rating for Home Depot with a target price of $415.

Cross-domain shows positive momentum! Morgan Stanley IT hardware industry data tracking: Apple Inc. (AAPL.US) App Store growth exceeds expectations, cloud capital expenditures rebound strongly.

Morgan Stanley's latest monthly IT hardware industry tracking report shows that the technology hardware sector is performing well, but risks are appearing in some specific sub-sectors.

Morgan Stanley: Short-term uncertainty still exists, but Target Corporation (TGT.US) has limited downside potential.

Morgan Stanley has released a research report, giving Target (TGT.US) a "Buy" rating with a target price of $112.

The outlook for performance recovery is uncertain. Morgan Stanley issued a bearish research report on the beauty giant Estee Lauder Companies Inc. Class A (EL.US).

The cosmetics and skincare giant's profit guidance for the 2026 fiscal year is far below expectations, and it is also expected that the increase in U.S. tariffs will lead to a reduction in profits of approximately $100 million.

Citibank warns aggressive investors: CSX Corporation (CSX.US) has become the focus of a multi-party game of pressure for acquisitions, which could backfire.

If CSX is forced to push for the sale of assets or reach a deal again, it may weaken the company's current negotiating position, so it is suggested to "wait patiently for a more prudent approach".

"Fintech welcomes favorable environment! JP Morgan: Upstart (UPST.US) risk-reward ratio best, bullish to $88."

J.P. Morgan recently upgraded the rating of financial technology lending platform Upstart, citing strong growth in the company's business volume and continued improvement in profitability against the backdrop of a stable consumer credit environment and expectations of interest rate cuts.

Lowe's Companies, Inc. (LOW.US) throws 8.8 billion US dollars to acquire building materials company FBM! Wall Street is optimistic about the potential for cross-selling.

Lowe's (LOW.US) announced the acquisition of Foundation Building Materials (FBM) for $8.8 billion, setting a record for the largest acquisition in company history.

Piper Sandler: Figma (FIG.US) possesses multiple growth engines, first-ever "neutral" rating.

Piper Sandler published a research report, initiating coverage of Figma for the first time with a "buy" rating and a target price of $85.

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