ACCELERATING EARNINGS LEVERAGE: Jefferies analyst Philippe Houchois upgraded Tesla ($TSLA) to Buy from Hold with a price target of $850, up from $700. Looking into 2022, he sees higher global battery electric demand, more battery and assembly capacity coming on stream, a broader and "mix-accretive" model line-up with more Model Ys and the new S and "still no legacy issue to contend with," all of which given Tesla accelerating earnings leverage, Houchois told investors. The analyst acknowledged that with competition accelerating, Tesla "no longer the near-only choice for long-range EVs." Nonetheless, he thinks industry growth accommodates both new competitors and Tesla. Houchois also raised his 2021-2022 U.S. GAAP EBIT estimates 17% on higher gross margin assumptions. SHARES MORE REASONABLY VALUED: BMO Capital analyst Ambrish Srivastava upgraded AMD ($AMD) to Market Perform from Underperform with a price target of $110, up from $80, calling it "time to acknowledge when we are wrong." Considering the company's continued execution and the expansion in estimates, the shares look relatively more reasonably valued than they did earlier in the year, argued Srivastava, who also believes there is continued upward bias to estimates through the year as AMD starts to ramp designs it has already won on the datacenter side. LAWSUIT FALLOUT: Argus analyst Joseph Bonner downgraded Activision Blizzard ($ATVI) to Hold from Buy. The downgrade follows a civil complaint in California last month that charged Activision with sexual discrimination, gender bias, and retaliation against employees, the analyst told investors in a research note. Bonner believes that the allegations and the Wilmer Hale investigation will result in more bad news for Activision, along with some type of financial settlement with current and former employees and California authorities. MOVING TO THE SIDELINES: Deutsche Bank analyst Krisztina Katai downgraded Dollar Tree ($DLTR) to Hold from Buy with a price target of $102, down from $129. While she remains a long-term believer in Dollar Tree's story, the analyst sees a more balanced risk/reward in light of renewed concerns about building inflationary pressures from both freight and wages. After the company introduced 2021 earnings per share guidance that included 70c-80c of pressure built in for freight, and given the sequential worsening in ocean freight rates since the first quarter release, Katai is no longer confident that negative earnings revisions are behind for Dollar Tree. COMPELLING ENTRY POINT: JPMorgan analyst Matthew Boss initiated coverage of Victoria's Secret ($VSCO) with an Overweight rating and $100 price target. The analyst sees a "compelling entry point" into the number one market share player in lingerie in the U.S. Boss "conservatively" projects 2.9% same-store-sales growth in 2022-2023.Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .