(This is CNBC Pro's live coverage of Tuesday's Analyst Conference Call and Wall Street Chat. Refresh every 20-30 minutes to see the latest posts.) 2 Analysts We started the week with two big upgrades. Piper Sandler upgraded Home Depot's rating, citing an improving outlook for the home improvement market. Morgan Stanley also upgraded Starbucks, noting that the recent decline in the stock price created an attractive entry point. Check out the latest calls and chats below. Always Eastern Time. 5:38 a.m.: Piper Sandler says Home Depot will outperform market and Lowe's He has preferred Lowe's to Home Depot for more than four years, and now Piper Sandler is betting on the latter. There is. The bank upgraded the home improvement retailer's stock to an overweight rating and raised its price target to $400 from $311 on Tuesday. This change suggests Home Depot could appreciate 12% from its current price. Analyst Peter Keith cited a slight increase in expensive modifications as the catalyst for the upgrades. Analyst Peter Keith said, “With home equity extraction activity (cash-out REFI and HELOC originations) on an improving trend in 2024, the „We are taking a more bullish stance.“ Keith added that he believes Home Depot stock has the potential to outperform both the market and the stock price of rival Lowe's because of its greater exposure to professional customers. “Home Depot has spent years building an ecosystem to support complex Pro customers, and we believe this subcategory represents one of our biggest opportunities at $200 billion (total addressable market). It was at our Investor Day in June 2023 that we quantified this,” he wrote. Home Depot, on the other hand, has more favorable margins and is better able to deliver strong profit growth, Keith added. Home Depot stock has increased 2.6% since the beginning of the year. —Lisa Kailai Han 5:38 a.m.: Morgan Stanley upgrades Starbucks The time has come to buy Starbucks stock after the coffee chain's recent struggles, according to his Morgan Stanley. The bank upgraded the stock from equal weight to overweight and raised its price target from $112 to $120 per share. The forecast suggests a 30.5% rise from Friday's closing price. „We see an interesting risk-reward distortion here following the recent downturn due to real headwinds across SBUX's global business,“ analyst Brian Haber said. The analyst said: “Out of consensus, weak sentiment, soft data trends, harsh commentary…near-term earnings risk, exposure to China and the Middle East – these legitimate headwinds will lead to „After four quarters and a constructive day for investors, this has put significant pressure on SBUX's stock price.“ Added. „But for us, we would probably like to enter this discussion a little earlier and look beyond this quarter, because these 'penalty box' periods could be an interesting entry point. .'' Starbucks stock has fallen 4% since the beginning of the year and 14.2% over the past 12 months. His SBUX 1Y Mountain SBUX over the past year — Fred Imbert