Here are Monday’s biggest calls on Wall Street:
Morgan Stanley said the auto company is best positioned for AI.
“We reinstate Tesla as our ‘Top Pick’ in US Autos with >50% upside to our $430 price target.”
The firm said the stock remains very attractive.
“NVDA remains compellingly valued...”
The firm said it’s bullish on Apple’s partnership with Alibaba and what it means for China.
“This Alibaba partnership is key to the long awaited growth catalyst in this region with our estimates that over 100 million of the roughly 200 million iPhones in China are in the window of an upgrade opportunity.
JPMorgan downgraded the stock mainly on valuation.
“Our forecast for Southwest hasn’t changed, but given the combination of its surging valuation premium and our desire to rebalance our ratings following the addition of Sun Country, we are reducing our Neutral rating to Underweight, with no change to our $25 YE25 equity price target.”
Morgan Stanley said the company has an “enviable balance sheet.”
“A quality large cap growth compounder seeing some slowing with the stock flat to 12 months ago - what’s not to like? We’ve always appreciated CMG’s strengths and think many are set to continue. An entry point has presented itself, in our view.”
Deutsche said in its downgrade of the stock that it sees “limited visibility for improvement.”
“We are downgrading shares of DG to Hold from Buy based on still challenging fundamentals and intensifying competition.”
The firm said it sees a slew of attractive catalysts ahead for the ag company.
“For DE, Jerry Revich is looking for a positive inflection in earnings as the company approaches a cyclical trough for ag equipment inventory, plus the realization of benefits from the roll-out of a nascent subscription business.”
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