(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 streaming giant and a semiconductor maker were among the stocks being talked about by analysts on Tuesday.
TD Cowen raised its price target on Netflix, calling for 13% upside for the stock. Meanwhile, KeyBanc hiked its Nvidia target to $180, implying upside of 40%. Check out the latest calls and chatter below.
All times ET. 6:02 a.m.
: Bank of America lifts credit rating for Devon Energy to overweight upon latest acquisition Bank of America views Devon Energy's newest acquisition as a positive sign for its credit story. The bank upgraded the energy company's credit rating to overweight rating from market weight upon Monday's announcement that Devon Energy was planning to acquire Grayson Mill Energy's Williston basin business in a $5 billion deal. "Fundamentally, we view the deal positively as it increases DVN's scale / margin profile in the Williston basin while also providing diversification away from the Permian basin (where DVN's production is concentrated)," wrote analyst Daniel Lungo.
To finance the deal, the analyst expects the company to issue between $1 billion and $1.5 billion of long-term debt, and around $1.5 billion of term loans.
He cited this enhanced liquidity as one catalyst for the stock, alongside a deleveraging outlook and improved fundamentals. "We think the most important impact from the transaction will be t.