Monday brought some major updates from Wall Street, with firms weighing in on a range of companies. Here’s what they had to say:
Melius remains firm on Nvidia with a buy rating, describing the chipmaker as “defensive.” Despite some challenges in the AI semiconductor sector, Nvidia benefits from strong demand in inferencing and a clear path for hyperscaler orders through the year’s end.
UBS sees potential in CryoPort, upgrading it to a buy from neutral. The investment firm notes that CryoPort is well-positioned to scale its cell and gene therapy services, eyeing mid-to-low double-digit growth in sales and positive cash flow in the long run.
Evercore ISI is taking a more cautious stance on Lennar, downgrading it to “in line” from a previous “outperform.” While Lennar aims to balance pace with margins, questions linger about whether it’s ready for the market’s volume demands.
Wedbush has added IBM to its list of best ideas, showing increased confidence in the tech giant. Despite concerns about AI spending, Wedbush sees many companies fast-tracking their strategies for 2025, which bodes well for IBM.
UBS has turned more bullish on Nucor, upgrading the steel company to buy, citing strong medium-term growth and recent momentum as convincing factors.
Steel Dynamics has also caught the eye of UBS, which upgraded the company to buy due to an attractive entry point at $149 per share.
Jefferies continues to endorse Microsoft, identifying the tech giant as a top pick among large-cap stocks. Recent dips have made Microsoft more appealing, providing a favorable risk-reward scenario.
Morgan Stanley is optimistic about Dutch Bros, starting coverage with an overweight rating. The coffee chain is not just liked but is growing rapidly and making strides under new management. With a promising outlook, Morgan Stanley believes the stock will continue to perform well.
Raymond James has upgraded both Lumentum and Coherent to a strong buy, recognizing their pivotal roles in Nvidia’s supply chain following key industry meetings.
Melius is more upbeat on Boeing now, upgrading it to buy. Positive news flow, a decisive CEO, and a strategic victory in defense bolster Boeing’s outlook.
Deutsche Bank has a renewed outlook on ViaSat, upgrading it to buy. While challenges exist, especially against competitors like Starlink, ViaSat is seen carving multiple paths to equity value through strategic asset monetizations.
Goldman Sachs is taking a more bearish stance on Super Micro, downgrading it to sell. Concerns about valuation, competition, and gross margins overshadow its impressive 38% year-to-date stock rise.
Barclays remains positive about Disney, describing its cruise expansions as a vital growth aspect for the future. As Disney capitalizes on these expansions, it may signal conservative guidance for theme parks.
Morgan Stanley has initiated coverage of Mondelez and J.M. Smucker with an overweight rating. Mondelez’s long-term growth prospects and J.M. Smucker’s resilience amid cost pressures are highlighted, showing their potential for upside.
BellRing Brands received an overweight initiation from Morgan Stanley, viewing its recent price dip as a prime entry point for growth opportunities.
Wells Fargo backs JPMorgan, reiterating an overweight rating by pointing to the bank’s ability to capitalize on market volatility and deregulation. Additionally, tech investments are poised to drive future market share gains.
Apple stays in Morgan Stanley’s good books, maintaining its overweight status. Apple’s proactive ramp-up in iPhone production ahead of tariffs is seen as a strategic move, leaving the firm’s forecasts unchanged.
Eli Lilly continues to impress Morgan Stanley with its prospects in the growing diabesity market, especially with its oral GLP-1 offerings that could expand the market beyond injections.
JPMorgan remains supportive of Netflix, pointing to strong revenue growth projections and expanding margins even as investments are made across content, advertising, and gaming.
Bank of America is positive on DT Midstream, initiating coverage with a buy rating, viewing the firm as an undervalued player set to benefit from digital infrastructure demands.
Generac has been reinstated as a buy by Bank of America, acknowledging its dominance in the expanding market of backup power solutions amid reliability challenges in power grids.
Jefferies sees an opportunity in FedEx, urging investors to “buy the dip.” Despite focusing heavily on macroeconomics, Jefferies believes the company’s unique transformations will drive earnings growth.
Bank of America is more cautious about Lockheed Martin, dropping it to neutral due to concerns about earning quality and the absence of immediate catalysts, despite expected increases in defense budgets.
Lastly, Guggenheim spots an opportunity with Pinterest, upgrading it to buy after a share price dip. The firm is optimistic about Pinterest’s growth potential in both users and revenue.
