Here are Monday’s big calls on Wall Street: The Loop repeats Apple as Tenga Loop says channel checks show that Apple’s iPhone shipments are coming in “stronger than expected.” “Reiterating our Buy and $300 PT after work by Loop Supply Chain Analyst John Donovan suggests that Sep Q iPhone shipments are tracking stronger than expected.” Piper Sandler reprises Tesla as overweight Piper says she’s stuck with Tesla in the lead later this week. “The stock is down ~15% from its high earlier in the day [robotaxi] event, and the likelihood of further declines will depend, in our view, on the total amount. We expect gross margins to be up compared to last quarter, but if we’re wrong, the next few months could be very difficult.” Deutsche Bank establishes GE Vernova as Deutsche buys General Electric’s electric power output. ” GEV is a play the purest of global investments in energy production capacity, where the growth outlook is strong.” Morgan Stanley establishes BioAge Labs overweight Morgan Stanley says the biotech company is in good shape. metabolic diseases.” Barclays downgrades UPS to underweight from equal weight Barclays sees many imminent challenges for the logistics giant. “Near-term earnings may be pressured by a weak package demand base, but long-term pressures from Amazon, which is non-union. FedEx’s competition and limited profit growth provide a tough outlook for UPS shares.” Stifel downgrades Old Dominion, Saia so it can’t buy Stifel has downgraded trucking companies, especially on valuations. “While Old Dominion and Saia are the leading operators that should both gain share and structurally increase their earnings potential across cycles, both stocks have significantly appreciated relative to our Price Targets, and modest cycle gains mean additional juice may be hard to squeeze, so – well. we are lowering them to Hold.” Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth in the eyewear company. “While we agree with the high valuation, we see several headwinds emerging from the WRBY business, including the expansion of the insurance partnership through the year upcoming, green shoots in the vision care market and strengthening active customer growth.” Needham Upgrades GitLab to Buy from Hold Needham says the software company is profitable. “We upgrade GitLab shares to a Buy rating with a Price Target of $70. Deutsche Bank develops Healthpeak Properties to buy property Deutsche says the real estate investment trust is gaining market share. “We believe that ARE and DOC will gain market share as a sector. It continues to adapt to the normal demand curve after the euphoria of the pandemic period.” Deutsche Bank retweets Reddit as buying Deutsche is Bullish on Reddit ahead of earnings later this month. fundamentally, we think the stock is well positioned in print with healthy digital ad sentiment despite product weakness and continued support from data licensing deals.” Wedbush promotes RH to move to neutral Wedbush promotes the furniture company after a series of what it does. “After meetings with -RH CEO Gary Friedman and CFO Jack Preston last week, we upgrade RH to OUTPERFORM from NEUTRAL” Barclays reiterates Nvidia as overweight Barclays said it is in line with its overweight rating for the leading AI processor maker “Putting on AI is the biggest consensus we’ve seen so far this year, with the merger surrounding NVDA/AVGO and AMD’s long day.” green shoots” from bottom company. ” MHK : Upgrading to Overperformance as we see green shoots from bottom demand.” TD Cowen downgrades Solar Edge to hold buy TD Cowen downgrades solar company due to European headwinds. “We are downgrading SEDG to Hold from buybacks on deteriorating demand in Europe which we see delaying volume/margin recovery and the timeline to achieve $550mn in quarterly revenue/positive FCF.” Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. “Starting a business in the next stage of growth while we wait for the macro to turn. What it takes is the background of Home Improvement, complex pro, SRS, and AI/Retailer of the Future. Growing PT to $450.” Goldman Sachs downgrades Prologis from neutral to buy Goldman said in its downgrade of the real estate company that it sees Prologis as being soft. “High uncertainty around interest rates, geopolitical instability, the outcome of the US election and recent natural disasters have slowed decision-making and hiring by employers, which is expected to continue through 2025.” JPMorgan upgrades Sportradar to overweight from neutral JPMorgan said it is upgrading the stock after a series of positive investor meetings. “We are upgrading SRAD to an Overweight rating (from Neutral) and raising our 2025 year-end price target to $15 (was $12) following our recent G2E investor meeting in Las Vegas with SRAD CFO Craig Felenstein and SVP of Investor Relations and Finance Jim Bombassei.” JPMorgan adds bullish watch to Xpev JPMorgan sees many positives ahead for the Chinese EV company. “We are placing XPeng on Positive Catalyst Watch ahead of two key events in the near future- 1) Oct 24th XPeng Technology Day, when we expect various new initiatives and 2) Latest Nov 3Q24 results[s] announcement, where we expect to hit.” Morgan Stanley downgrades ServiceNow to equal weight Morgan Stanley said expectations are already pricing in the stock. the stock is up 67% over the past year.” JD.com’s promotion of Loop for shopping on Loop says the Chinese e-commerce company is in good shape. “We upgrade our rating on JD to Buy from Hold. We think the company will be among the top beneficiaries of stimulus spending and we think all stocks will continue to see valuation recovery from historic declines.” Bank of America is reiterating Amazon as it has been bought by an unaccountable market. “There are 2.6bn people worldwide without broadband access, and Fortune Business Insights. global revenue potential of $26bn 2032. However, there are limits to the revenue available for the unconnected, while Amazon’s satellite service faces competition (Starlink), requires a large upfront investment and has high ongoing costs.”
Source link