Here are some noteworthy insights from Wall Street’s major calls on Monday:
Stifel’s Take on Tesla
Stifel remains bullish on Tesla despite trimming its price target to $455 from $474. The firm has adjusted its forecasts to account for lower short-term sales, yet maintains a positive outlook on Tesla’s long-term prospects. While price swings might be expected in the near term, Stifel reiterates its Buy stance due to their confidence in the company’s growth potential.
Morgan Stanley’s Upgrade for KLA
Morgan Stanley upgraded KLA Corporation to overweight, with a focus on a promising catalyst path and strong earnings that are projected for late April. The firm believes KLA is in a good position to guide its quarterly revenue, owing to TSMC’s robust performance balancing out the slower business in China.
Deutsche Bank’s View on Goodyear Tire & Rubber
Deutsche Bank upgraded Goodyear to a Buy, citing improved performance. Discussions with the company enhanced their confidence in Goodyear’s capacity to realize its cost-saving goals of $1.5 billion by the end of 2026, especially benefiting from the current tariff policy.
Cantor Fitzgerald’s Confidence in Semiconductors
Cantor Fitzgerald is confident about the semiconductor sector, reiterating its overweight ratings for Nvidia, Broadcom, Marvell, Micron, and ASML due to their unique advantages in AI spending, silicon ramp, networking, and other areas.
BMO’s Perspective on Steel Dynamics
BMO upgraded Steel Dynamics to outperform, praising it as a top-tier U.S. steel producer. The company is well-poised to capitalize on the benefits from expanded Section 232 tariffs.
HSBC’s Upgraded View of PNC Bank
HSBC upgraded PNC Bank to a Buy, describing the current decline in its share price by 19% since November 2024 as an attractive buying opportunity for a high-quality banking institution.
Mizuho’s Position on Viper Energy
Mizuho initiated coverage on Viper Energy with an Outperform rating, describing it as unparalleled in its sector.
Evercore ISI’s Confidence in Brinker
Evercore ISI added Brinker to its tactical outperform list, viewing it as a strong entry point. The firm expressed optimism about Brinker’s ability to overcome challenges, emphasized by successful social media marketing campaigns.
BMO Downgrade on U.S. Steel
BMO downgraded U.S. Steel to market perform, suggesting that its current stock price is approaching its fair value.
Barclays’ Take on Canada Goose
Barclays downgraded Canada Goose, highlighting increased competition and potential tariff impacts as challenges the clothing company faces.
Jefferies Elevates Wingstop
Jefferies elevated Wingstop to a Buy, citing its defensive qualities and potential positive surprises ahead.
Evercore ISI’s Stance on Netflix
Netflix remains in Evercore ISI’s good books, with the firm emphasizing the streaming giant’s international growth opportunities and strong management.
Truist’s Optimism on Celsius
Truist upgraded its stance on Celsius energy drink based on a promising future outlook, raising its price target to $45 from $35.
Jefferies’ Recommendation for Norwegian Cruise Lines
Jefferies initiated coverage on Norwegian Cruise Lines with a Buy rating, noting its mid to high single-digit growth potential and cost-efficiency under a new CEO.
Bank of America’s Favorable View of Cava
Bank of America initiated Cava with a Buy rating, likening it to other successful restaurant models and emphasizing its value proposition.
Bank of America on Meta and Alphabet
The firm maintains a Buy rating on both companies, expecting them to weather tariff-related challenges better due to their robust advertiser models.
Cantor Fitzgerald’s Perspective on Okta
Cantor Fitzgerald started coverage on Okta with an overweight rating, confident in its leading position in identity security despite recent hurdles.
Bank of America’s Outlook on Kestra Medical Technologies
Initiating coverage on Kestra, Bank of America sees an opportunity for gross margin expansion in the wearable tech company.
Barclays’ Downgrade on Apple
Barclays reiterated an underweight position on Apple due to challenges such as muted iPhone sales in China, diffuse AI strategy, and a premium valuation.
