Listed here are Wall Avenue’s largest calls on Monday: UBS reiterates Nvidia’s purchase ranking UBS raised its worth goal on Nvidia to $150 per share from $120. “With all of this in thoughts, we imagine PT at $150 can discover assist (beforehand $120), and we preserve a Purchase ranking as we roll our valuation foundation ahead from C2025 EPS [Calendar] Stifel upgraded Ecolab’s ranking to purchase from maintain. Stifel stated it’s bullish on the meals security firm’s inventory. Morgan Stanley, which overweights TSMC, stated it stays optimistic that the semiconductor firm will announce earnings on July 18. of key issues. Deal with liquidity threat; improve to OP. Q2 2024 can be good once we report on 2024, however we expect 2H24 poses dangers to the consensus. ” Wells Fargo reiterated Meta as a rise in Wells Fargo raised Meta’s goal worth from $593 to $625 per share. “Checks present sturdy Q2 promoting efficiency. Upgrades 2Q to HE [high end] Though there’s some incremental steerage. FX headwinds. The third quarter steerage could also be constructive. Current share worth motion, however we see additional tendencies Redburn Atlantic Equities charges Emerson a Purchase. Wolf downgraded JPMorgan to see carry out from market outperform Wolf stated the banking big has a extra balanced threat/reward stability. Whereas we nonetheless see ~10% upside since our improve final July, issues about near-term liabilities, valuations and buybacks assist a extra balanced risk-reward. Gilead upgraded to outperform Raymond James stated “as Gilead develops right into a diversified firm by way of oncology merchandise, two fascinating development drivers have emerged.” UBS upgrades PNC To amass from impartial UBS, stated the regional financial institution was in the perfect place. Downgrade Bumble to Equal Weight from Obese “Whereas the app’s relaunch in late April drove the pattern ‘up’, we have now but to look at continued advantages and imagine 2H is more likely to be tougher as we anticipate a re-acceleration. We’ll Score downgraded to $17/share, we count on valuations to return to larger ranges at a turning level. “We might take the chance to improve COLM inventory. to Purchase, and raised our 12-month worth goal to $92 from $84.” Oppenheimer upgraded Clearwater Analytics to outperform from carry out, Oppenheimer stated, now betting on the software program. The expectations for serving fintech corporations are extra affordable. “We improve CWAN to Outperform from Carry out and set a $25 worth goal.” Jefferies launches Revolution Medicines acquisition Jefferies stated it’s bullish on the corporate when it launched Revolution Biotechnology firm shares. “We imagine 2H catalysts are considerable with important upside potential. Begin shopping for with PT at $63.” Baird upgrades Domino’s to Outperform from Impartial Baird says it Assume the chance/reward for this pizza firm is engaging. “With shares down 7.5% from their June peak and our confidence within the elementary outlook bettering, we now see a extra engaging threat/reward profile for DPZ.” Morgan Stanley Restores Norfolk Southern ranking as underweight Morgan Stanley restored its ranking on the inventory, saying it noticed too many challenges. “Whereas the mud has settled on NSC’s tumultuous 18 months, we imagine (opposite to consensus) it faces income challenges somewhat than value hurdles.” Wedbush reiterates Apple outperform Wedbush Wedbush stated it noticed indicators of “iPhone stability” from Apple. “Primarily based on our latest provide chain checks in Asia, we’re additionally seeing extra indicators of iPhone stabilization, which is an excellent signal heading into a significant iPhone 16 improve cycle.” Wolf raised Autoliv’s ranking to outperform Peer Efficiency Wolff, in its scores of the auto security provider, stated Autoliv inventory is compelling. “Now that the inventory has retreated roughly 18% from its late-Might highs on cyclical issues in regards to the near-term outlook, we see a extra engaging re-entry level.” Wells Fargo Reaffirms Roblox , as a result of Obese Wells Fargo raised its goal worth on the inventory from $41 per share to $43 forward of its earnings report on August 1. Extra particulars on utilization drivers and steps RBLX is taking to attenuate future participation declines.” JPMorgan Chase reiterates its funding in Disney, saying buyers can buy Disney inventory on dips. “We nonetheless suppose this response is overdone and notice that administration has signaled that future development can be pushed extra by capability additions.”
