Here are Tuesday's biggest calls on Wall Street.
Here are Tuesday's biggest calls on Wall Street: RBC initiates Home Depot as sector perform RBC said it sees too many negative catalysts for Home Depot . "In short, there are a lot of reasons to like the story over the long term, but we're of the view that various macro factors skew near term earnings risk to the downside." Evercore ISI initiates Nike as outperform Evercore said Nike's fundamentals have bottomed.
"We think all roads lead to future DTC profit expectations, which is the biggest opportunity while DTC subs are the biggest risk. We also roll out our new Super Model w/ recast financials and new estimates." Morgan Stanley initiated Tal Education as overweight Morgan Stanley said the China education company is defensive. "Bolstered by strong net cash positions, China's education industry should provide defensiveness in a turbulent ADR market, in our view.
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