(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A media giant and a sports betting company were among the stocks being talked about by analysts on Tuesday.
Goldman Sachs initiated coverage of Disney with a buy rating and a price target that implies more than 20% upside. Meanwhile, Raymond James downgraded Penn Entertainment to market perform from outperform. Elsewhere, Piper Sandler raised its price target on Uber, calling for nearly 25% upside.
Check out the latest calls and chatter below. All times ET. 6:55 a.
m.: TD Cowen says Gap's earnings growth potential is 'underappreciated' TD Cowen believes that Gap's earnings growth potential looks "underappreciated." The financial firm upgraded the retail chain to a buy rating from hold.
Analyst Jonna Kim simultaneously raised her price target to $30 from $28, citing a likelihood in earnings upside. Kim's updated price forecast implies a 21% rise for the stock. Gap has gained nearly 19% this year.
As a catalyst, Kim cited "potential upside to FY24 Street estimates given solid topline momentum combined with margin expansion on continued inventory & expense management." The analyst added that this year's back-to-school season could be a near-term catalyst for Gap and Old Navy, with a new denim cycle positioning the brands better for the season as compared to last year. As additional strengths, Kim cited Old Navy's improving product ass.