Here are Monday’s biggest calls on Wall Street:

Bernstein reiterates Nvidia as outperform

Bernstein said shares of Nvidia are compelling.

“We are not sure where NVDA (or anything else) will bottom in the near term. But we do believe the AI narrative is still real. And once things do settle down (hopefully soon!) the stock at these levels is probably worth a look. We rate NVDA Outperform.”

Wedbush reiterates Tesla as outperform

Wedbush lowered its price target on the stock to $315 per share from $550.

“Tesla is less exposed to tariffs than other US automakers such as GM, Ford, and Stellantis as well as foreign autos...although Tesla still derives a considerable amount of its parts/batteries from sources outside the US including China.”

Wedbush reiterates Apple as outperform

Wedbush lowered its price target on the stock to $250 per share from $325.

“At the current situation we do not expect most tech companies to give any guidance on the 1Q conference calls over the next month including Apple given too much uncertainty.”

Jefferies reiterates Microsoft and Meta as buy

Jefferies lowered its price target on Microsoft to $475 per share from $500 but said it’s sticking with the stock. Jefferies also lowered its price target on Meta to $600 per share from $725 but says it’s sticking with the stock.

“We cut our current fiscal year ests. for top-line and bottom-line by 1% and 2% respectively across our covered Software and Internet companies. Companies with the biggest est cuts are those that are more exposed to macro pressures like META, GOOGL, SONO, and UPWK. Companies who we view as more insulated are MSFT, INTU, ROP, and WDAY.”

Baird downgrades Starbucks to neutral from outperform

Baird said it sees too much “macro” uncertainty.

“With the probabilities of an economic slowdown seemingly rising following the ‘shock’ of last week’s tariff announcement, we are lowering near term comps/EPS estimates and price targets for our coverage while also tactically stepping to the sidelines on SBUX and PTLO.”

Bernstein downgrades General Motors to underperform from market perform

Bernstein downgraded the automaker as uncertainty reigns with tariffs.

“As tariff pressures intensify and consumer sentiment weakens, we expect GM’s shares to remain under pressure, leading us to downgrade the stock to Underperform with a price target of $35.”

Redburn Atlantic Equities upgrades Roku to buy from neutral

The firm said the stock has “defensive attributes.”

“Roku has reached a level of financial maturity where it can now be valued on EBITDA and FCF multiples, for the first time providing a valuation floor to the stock.”

Raymond James downgrades Pinterest to market perform from outperform

The firm said it doesn’t like the social media company’s tariff exposure.

“We follow-up our soft CPG [consumer packaged goods] checks with an analysis of ~35 CPG companies/proxies and tariff exposure and come away incrementally cautious on PINS expectations, which prompts a downgrade to Market Perform despite our overall favorite disposition on the management team/shopping strategy.”

Raymond James upgrades JetBlue to outperform from market perform

Raymond James said it’s making a tactical upgrade of the airline.

“We are tactically upgrading JBLU from Market Perform to Outperform following the recent selloff (alongside the market in response to reciprocal tariff announcements) given our view of low bankruptcy risk and an M&A floor, especially against a backdrop of negative buy-side and sell-side sentiment.

Morgan Stanley upgrades Bank of America to overweight from equal weight

The firm said investor should buy the dip on the stock.

“Upgrading BAC to Overweight on valuation as the stock is trading at only 8x our 2026 EPS and 0.8x BVPS against a 2026 ROE of 11%.