Stocks were indicated to open higher on Tuesday morning after dozens of executive orders were signed by President Trump on Inauguration Day. Investors have been getting ready for 2025 but there are many different issues to consider with a new regime in Washington, D.C. Tariffs, lower regulation, government spending cuts, tax changes and many more items all need to be considered.

Tactical Bulls searches the daily flow of analyst research reports covering the upgrades, downgrades and initiations from Wall Street looking for new ideas that might have otherwise been overlooked or missed. These analyst reports generally try to look out a year out into the future with ratings and target prices. As this is the start of the year, analysts are rapidly updating their ratings, price targets and rolling their models to 2025/26 from 2024/25 projections.

Tactical Bulls always reminds its readers and investors that no single analyst report should ever be the sole basis to buy or sell a stock. That decision to buy or sell, or hold or short sell, is up to each investor and the decision should be made with a financial advisor. And there are of course no assurances that any of the price predictions and the scenarios that back the calls up will actually come to fruition.

Some analyst calls are just reactionary to earnings and other news. Other analyst calls are preemptive ahead of key events and developments and can move stocks. Short-term traders get a glimpse of immediate price reactions to news and to the analyst calls. Long-term investors get a picture of new buy, sell and hold ratings with targets looking a year out.

Some of the analyst calls today have a direct tie to some of the Trump’s administrative efforts and goals. These are the top analyst upgrades, downgrades and initiations seen from Wall Street on Tuesday, January 21, 2024.

Ameren Corporation (NYSE: AEE) was raised to Outperform from In-Line and its price target was raised to $104 from $89 (versus $94.17 close) at Evercore ISI.

Apple Inc. (NASDAQ: AAPL) was downgraded to Underperform from Hold and its price target was trimmed down to $200.75 from $211.84 (versus $229.98 close) at Jefferies. Apple was indicated down 2% at $225.38 after the call, citing weak iPhone sales and expectations that Apple will miss guidance of 5% revenue growth. JPMorgan maintained its Overweight rating but cut the price target to $260 from $265.

Astera Labs, Inc. (NASDAQ: ALAB) was cut to Equal-Weight from Overweight but the $142 target price was maintained at Morgan Stanley. Astera closed at $133.30 ahead of the call and was indicated down 2.1% at $130.50 ahead of Tuesday’s opening bell.

Exelon Corporation (NYSE: EXC) was raised to Outperform from In-Line and its price target was raised to $44 from $43 at Evercore ISI.

General Motors Company (NYSE: GM) was raised to Buy from Hold and its price target was hiked to $60 from $56 at Deutsche Bank. GM closed at $50.97 last Friday and was indicated up 1.3% at $51.65. While the report cited restructuring its China efforts and stock buybacks, Trump’s end of the EV mandate also helps.

Genpact Limited (NYSE: G) was raised to Buy from Hold and its price target was raised to $55 from $44 (versus $45.11 close) at Jefferies.

Navient Corporation (NASDAQ: NAVI) was raised to Buy from Neutral with $18 target at Seaport Global. Navient closed at $13.92 ahead of the call and was up 1.4% at $14.12 after the call. The student loan (and additional financing) leader was at $14.07 on election day and jumped to $15.57 on the day after the election.

NRG Energy, Inc. (NYSE: NRG) was raised to Outperform from In-Line and its price target jumped all the way up to $126 from $74 at Evercore ISI Group. NRG closed at $104.51 ahead of the call.

O’Reilly Automotive, Inc. (NASDAQ: ORLY) was raised to Overweight from Equal-Weight and its price target was lifted up to $1,450 from $1,150 (versus $1216.79 close) at Morgan Stanley.

OGE Energy Corporation (NYSE: OGE) was raised to Outperform from In-Line and its price target was raised to $47 from $40 (versus $42.57 close) at Evercore ISI.

Palo Alto Networks, Inc. (NASDAQ: PANW) was reiterated as Overweight and the price target was raised to $230 from $223 (versus $177.11 close) at Morgan Stanley.

RTX Corporation (NYSE: RTX) was raised to Buy from Neutral and its price target was raised to $153 from $132 (versus $121.11 close) at Citigroup.

Schlumberger Limited (NYSE: SLB) was reiterated as Overweight and its target was raised to $50 from $48 at JPM. SLB closed up 6% at $43.58 ahead of the call and was indicated up 1.4% at $44.20 on Tuesday morning.

Tencent Music Entertainment Group (NYSE: TME) was raised to Overweight from Equal-Weight with a $13 price target (versus $10.78 prior close) at Morgan Stanley.

Tesla Inc. (NASDAQ: TSLA) was reiterated as Overweight and the price target as raised to $500 from $315 at Piper Sandler, even as Trump has ended the EV mandate. Tesla closed up 3% at $426.50 on Friday and it was up 1.9% at $434.50 on Tuesday ahead of the opening bell.

Texas Roadhouse, Inc. (NASDAQ: TXRH) was raised to Overweight from Equal-Weight and its target price was raised to $213 from $205 (versus $178.95 prior close) at Morgan Stanley.

Ulta Beauty, Inc. (NASDAQ: ULTA) was raised to Overweight from Equal-Weight and its price target was raised to $500 from $430 at Morgan Stanley. Ulta closed down 2% at $405.01 last Friday and was indicated up almost 2% at $413.00 on Tuesday morning.

Urban Outfitters, Inc. (NASDAQ: URBN) was raised to Overweight from Equal-Weight and its price target was raised to $63 from $41 (versus $55.01 close) at Morgan Stanley. It was indicated up 3.2% at $56.78 on Tuesday morning.

V2X, Inc. (NYSE: VVX) was started as Buy with a $64 target (versus $52.93 close) at Citigroup.