Apple upgraded, Palo Alto initiated: Wall Street’s top analyst calls

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Piper Sandler upgraded Tempur Sealy (TPX) to Overweight from Neutral with a price target of $61, up from $41. Tempur has become a dominant operator within the mattress industry, with a multi-year growth outlook that is becoming highly attractive to long-term investors, the firm tells investors in a research note.

Morgan Stanley upgraded Hertz (HTZ) to Overweight from Equal Weight with a price target of $15, down from $16. While the company’s “aggressive EV strategy” has exacerbated significant challenges in both fleet cost and operating expense per unit, Hertz has begun to take “decisive action to address self-inflicted challenges from its large EV fleet,” the analyst tells investors. Given about 90% upside to its revised price target, the firm sees “an improved risk reward,” the analyst added.

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