Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Netflix as outperform Evercore ISI says the company is firing on all cylinders, reflected in U.S. and Mexico survey results showing “resilience on core satisfaction and global content leadership.” “We continue to see Netflix as the strongest financial and competitive franchise in streaming, with Live Events and Advertising revenue serving as long-term, material new growth vectors.” Wedbush reiterates Apple as outperform Wedbush raises its price target on Apple , citing strong iPhone 17 demand. “We are raising our price target to $310 from $270 based on the early strong demand signs coming out of the iPhone 17 cycle. With iPhone 17 officially going on sale over the weekend we are positively surprised on the demand trajectory with units that now appear to be tracking 10%-15% ahead of iPhone 16 thus far.” Read more. Piper Sandler upgrades Steven Madden to overweight from neutral Piper Sandler says it sees a “recovery ahead of peers” for the shoe company. “We upgrade SHOO to Overweight with a $40 PT.” Morgan Stanley upgrades ASML to overweight from equal weight The investment bank sees “early signs of improvement” for the semiconductor equipment company. “Since peaking last year (Jul’24), earnings forecasts have been revised significantly downwards for ASML , as is typical in a downcycle, with a marked effect on the share price (down 45% peak to trough).” Baird adds a fresh pick on Nike Baird says Nike is a turnaround story. “While an outright positive inflection in marketplace sales will be the last piece to the story, with shares pulling in since late August, forward EPS likely having bottomed, and calendar-2026 macro conditions potentially improving, we like the risk/reward.” Jefferies initiates Iron Mountain as buy Jefferies says it is bullish on shares of the technology infrastructure storage company. “Iron Mountain has undergone a strategic transformation, accelerating growth across data centers, digital solutions, and asset lifecycle management.” Bernstein reiterates Nvidia as buy Bernstein says it is sticking with shares of Nvidia. “The datacenter opportunity is enormous, and still early, with material upside still possible.” Barclays reiterates Meta Platforms as overweight Barclays says it is bullish on Meta’s ad business opportunity. “We see up to $6B and $19B of incremental ad revenue from WhatsApp and Threads in ’26 and ’27, respectively.” Bank of America reiterates Amazon as buy Bank of America says it continues to be bullish on Amazon’s move into the grocery business. “Amazon’s entry into grocery has been slow with setbacks over the years, but has made progress YTD with a reorganization [of] Whole Foods in June, the nationwide launch of perishable delivery in August and now ramping up local grocery partners.” Jefferies initiates Grid Dynamics at buy Jefferies says the digital IT services company is well positioned. “We initiate on GDYN, a digital engineering focused IT Services firm, with a Buy rating and an $11 price target.” Citi initiates Ryder System at buy Citi says shares of the logistical transportation company have more room to run. ” R is a business model transformation story that still has runway for further traction with investors.” Wells Fargo raises Brinker International to overweight from equal weight Wells Fargo says in its upgrade of Brinker that investors should buy the dip in the owner of Chili’s and other restaurant brands. “Shares are -13% post-FQ4 as hard compares loom & NT data expectedly slowed. But: 1) EAT’s FY26 comp/EPS guide looks beatable and Mgmt exuded confidence in ’26 momentum levers (Ribs, mktg, queso relaunch, ops/tech, etc.).” Barclays upgrades Helmerich & Payne to overweight from equal weight Barclays says the onshore energy company is compelling. “Upgrading HP to OW, raising PT to $25 (from $17 currently) representing ~22% upside potential from current levels.” BMO upgrades Xcel Energy to outperform from market perform BMO says shares of the energy company have plenty more room to run. “We are upgrading shares of XEL to Outperform from Market Perform.” Wells Fargo initiates Guardant Health at overweight Wells Fargo says it likes the health company’s “oncology-focused strategy.” “We initiate on GH at Overweight, $72 PT.” Piper Sandler reiterates Tesla as overweight Piper Sandler raises its price target on the stock to $500 per share from $400. “We are boosting our price target to $500, following a trip to China. After meeting with Chinese EV makers, we can see why Elon Musk respects these ‘fast followers’ so much. Indeed, vertically-integrated Chinese OEMs may be Tesla’s #1 competitive threat. But when it comes to ‘real world’ A.I., these companies look to Tesla for guidance – not the other way around.” Morgan Stanley upgrades Applied Materials to overweight from equal weight The bank says shares of Applied Materials are compelling. ” AMAT currently trades at a 25% discount to [Lam Research] vs 10% average since 2023, and our new PT implies a 15% discount.” Morgan Stanley reiterates Micron Technology as equal weight Morgan Stanley raises its price target to $160 per share from $135. “Micron – as highlighted in our FAQ last week, and by our global team in an insight published on Sunday, conditions in most flavors of DRAM have improved.” UBS upgrades FactSet to buy from neutral The bank says investors should buy the dip in shares of the capital market system company. “We are upgrading FDS to Buy from Neutral following the recent sell-off. We believe FDS (and the info services sector as a whole) has gotten caught up in a negative AI disruption theme, which has weighed on multiples.” Raymond James cuts Lennar to underperform from market perform The firm says the homebuilder’s turnaround is taking longer than expected. “We are downgrading our rating on LEN to Underperform (from Market Perform) following our review of Friday’s 3Q25 results and reduced forward guidance, which in our view, acknowledges that Lennar’s volume-based operating strategy is overdue for a re-calibration.” Bank of America reiterates Caterpillar as buy Bank of America raises its price target on the stock to $517 per share from $495. ” CAT is a global powerhouse in mining, construction, oil and gas, rail, and power systems equipment.” Citigroup reiterates General Motors as buy Citi raises its price target to $75 per share from $61. ” GM has the most leverage to positive trade agreements of any stock in our coverage universe.” Bank of America initiates Aura Minerals at buy Bank of America says it is bullish on shares of the gold miner. “We initiate coverage of gold miner Aura Minerals (AUGO) with a Buy rating and $40 per share price objective (PO), implying upside of ~25%.” BMO upgrades Sarepta to outperform from market perform BMO says the company’s muscular dystrophy drugs are promising. “We believe Sarepta is uniquely positioned to leverage its [Duchenne muscular dystrophy] expertise and market leadership to drive long-term uptake of Elevidys and its [Phosphorodiamidate Morpholino Oligomer] franchise.” Truist reiterates Alphabet as buy The bank raises its price target to $285 per share from $225. “We remain constructive on GOOGL as we believe the company continues to dominate the Search market at 90%+ even as new Gen-AI platforms are growing users & usage.”
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