On Monday, several significant calls were made on Wall Street regarding various stocks. Bernstein maintained an “outperform” rating for Nvidia and Broadcom, citing their positioning in the AI sector and potential growth from new product cycles. Piper Sandler upgraded Fortinet to “overweight,” viewing it as a top cybersecurity pick. UBS kept Apple’s rating at “neutral,” noting steady growth in App Store revenue. RBC upgraded AT&T to “outperform,” citing confidence in growth initiatives, while Wells Fargo downgraded T-Mobile due to decelerating growth rates.
Bank of America reiterated its “buy” rating on Amazon, anticipating growth in cloud revenues and retail margins. Wells Fargo initiated coverage of ServiceTitan with an “overweight” rating and Morgan Stanley provided similar ratings for Travel & Leisure and Hilton Grand Vacations. Deutsche Bank upgraded Hewlett Packard Enterprise from hold to buy due to positive business trends.
Guggenheim downgraded Salesforce, while Bank of America upgraded both Henry Schein and Cardinal Health to “buy,” expecting robust growth. Mizuho upgraded Chewy to “outperform,” while BMO upgraded Capri, reflecting improving sentiment. Barclays upgraded several banks and Boeing based on favorable catalysts and future growth expectations. Additionally, Jefferies upgraded American Airlines and Benchmark upgraded Lyft, both citing attractive investment opportunities.
