Here are Monday’s biggest calls on Wall Street:
Stifel reiterates Tesla Motors as buy
Stifel lowered its price target on the stock but said it’s standing by its buy rating.
“Following mixed 4Q24 results, uncertainty caused by the Trump Administration, and TSLA’s low favorability ratings, we are modifying our estimates, maintaining our Buy, and reducing our target price to $474 from $492.”
Evercore ISI adds a tactical outperform on NVIDIA
Evercore said investors should buy the dip ahead of earnings later this month.
“We are buyers of NVDA into its Jan-25Q earnings call scheduled for 26-Feb.”
JPMorgan reiterates Amazon.com as a top pick
The firm said Amazon has “many years of strong growth & improving profit as the industry leader in two very large opportunities, e-commerce and cloud.”
“However, we believe AMZN has a very clear path to AI monetization through AWS, and it remains early in what should be an extended cycle of innovation and technology transformation.”
UBS upgrades Johnson Controls to buy from neutral
UBS said it’s bullish on the HVAC company’s new CEO.
“We are upgrading shares of Johnson Controls (JCI) to Buy from Neutral and raising our price target to $103 (from $90), implying about 20% upside from current levels.”
Morgan Stanley reiterates Robinhood as a top pick
Morgan Stanley said it’s bullish on the stock ahead of earnings later this week.
“View HOOD as attractive play on three themes; secular market share gainer with Gen Y/Z, cyclical uplift in retail engagement, & de-regulation (crypto).”
Benchmark upgrades Shopify to buy from hold
Benchmark said the e-commerce platform for online merchants is well positioned ahead of earnings on Tuesday.
“We are upgrading SHOP to Buy from Hold and establishing a DCF-based PT of $150.
TD Cowen downgrades Merck to hold from buy
TD Cowen said it has “limited visibility” for the biopharma company.
“MRK is a great company and stock reflects much risk. But recommendations require viable arguments for outperformance; we don’t see this any longer in MRK.”
Loop reiterates ARM Holdings as buy
Loop said it’s sticking with the stock following earnings last week.
“We are reiterating our Buy and raising our PT to $195 (from $180) after ARM reported Dec Q EPS on 2/5. ARM generated very solid Dec Q revenue and EPS upside.”
JPMorgan adds Home Depot to the focus list
JPMorgan said it’s bullish heading into earnings later this month.
“All that said, we think a ~3-pt comp beat (with trends inflecting to positive) and slight lower sets a bar that investors will want to buy, especially in mighty HD.”
Mizuho downgraded The Kraft Heinz Company to neutral from outperform
The firm downgraded the food products company and says it prefers to own Mondelez shares.
“Downgrading KHC to Neutral; Limited EPS Upside Amid Reinvestment.”
Bank of America upgrades Mobileye Global Inc. to neutral from underperform
The firm said sentiment is “bottoming” for the autonomous driving company.
“We upgrade Mobileye (MBLY) to Neutral from Underperform.”
Rosenblatt reiterates Walt Disney as buy
Rosenblatt said Disney is “regaining its mojo in movies.”
“After Disney’s F1Q25 earnings report [last] week, we retain a BUY rating, and $135 price target, with estimate updates.”
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