Here are the biggest voices on Wall Street on Monday: Cantor Fitzgerald reiterates that Nvidia and Broadcom are overweight The company said both companies remain its top ideas. “Our top picks continue to be NVDA, AVGO, MU, MRVL, and WDC.” JPMorgan reiterated its overweight position on Apple and said the firm will support Apple heading into earnings later this week. “We expect 9-Q balance to be better than expected” (F4Q) results and weaker-than-expected guidance for 12-Q (1Q 2025) – typical of Apple breaking its own guidance “Morgan Stanley launches FrontView REIT as overweight, likely to set interesting stock price heading into 4Q24 (9-Q) printing” Morgan Stanley launches FrontView REIT as overweight “FVR is a differentiated net leasing platform that focuses exclusively on outparcel properties with frontage,” Morgan Stanley said of Global Foundry. has been downgraded to a weight equivalent to the weight below. Overweight Morgan Stanley said that competition is expected to intensify among semiconductor companies, saying, “Global Foundries continues to benefit from its strategic position, but is expected to face a slower recovery in the semiconductor market and more difficult competition. We need to weigh this against the background.” The commercial HVAC company said it has received “significant liquid cooling orders,” including for data centers. “On Friday, AAON announced an order totaling approximately $175 million from a data center customer for custom-designed thermal management equipment to support the implementation of liquid cooling in that customer’s data center,” Canaccord said. The company reiterated its buy status on Tesla, raising its price target to $298 per share from $278 and saying the stock is “poised to outperform.” “We believe Tesla stock is poised to outperform given 1) accelerating earnings trends, 2) potential for outperforming Mag7 peer growth starting in 2025, and 3) positive technology outlook. “Without new products scheduled for the first half of 2020, Tesla is a near-to-mid-term product cycle story.”Jeffries begins acquisition of Core Scientific, Bitcoin mining company. Jeffries said he is in a good position. “CORZ’s progress over the past year has been a post-bankruptcy impression, with the company leveraging significant access to electricity previously earmarked for Bitcoin mining to build an AI-focused data center. Morgan Stanley upgrades Nutanix from equal weight to overweight Morgan Stanley said the cloud computing software company is well positioned. “NTNX was well-positioned to take share from the $5 billion-plus VMW franchise, catalyzed by upcoming VMW refreshes, the Dell-Cisco partnership, and architectural changes.” Wells Fargo, Spotify Nominated as top candidate Wells said he expects profits for music streamers to increase going forward. “Our analysis of gross margin growth points to further expansion above consensus. We believe SPOT’s strategy and evolving industry dynamics support flow-through.” Raymond James, Frontier -Downgrades Wolf, upgrades Dover to outperforms peers Wolf said he sees many positive catalysts ahead for the global manufacturer. “We are upgrading DOV from PP to OP following the third quarter 2024 results with improved outlook for the bridge in 2025.” Wolf Downgrades Honeywell to Peer Perform from Outperform Wolf said it expects too many negative factors for Honeywell. “HON has struggled over the past two years and we are less optimistic that the headwinds will resolve over the next 12 months. We believe there is a risk of another wave of negative EPS revisions in H1 2025 Morgan Stanley Downgrades Ciena’s Rating from Overweight to Equal Weight Morgan Stanley said it believes it provides a more balanced risk-reward balance for the networking and systems software company. “We believe CIEN is well-positioned for the AI opportunity, with growing investor awareness of this and the share price up ~45% year-to-date. “We expect a significant upside to our forecasts, but we believe meaningful upside to short-term expectations is more limited.” ” Piper Sandler launched Bowlero because a neutral Piper said it was a good balance of risk and reward for the bowling company. “However, from an equity perspective, we believe the risks and rewards are relatively balanced at current levels, given BOWL’s balance sheet leverage and the broader US consumer context. “Goldman Sachs reiterated that Goldman said the retail giant was best positioned to acquire Walmart.” “We believe WMT is well-positioned to continue driving strong revenue growth for the remainder of this year, supported by market share gains based on its attractive value and convenience proposition. The company’s profitability profile should improve as it continues to grow alternative revenue,” it said, adding that operating income exceeded sales in the second quarter. ” Bank of America says it is bullish on hydrocarbon exploration companies and will begin acquisition of Antero Resources. “Antero is one of Appalachia’s largest producers, with total production of 3.4 billion cfe/d, primarily from operations in the fluid-rich fairways of the Marcellus and Utica formations in West Virginia.” Macquarie said Nio. Upgraded from Neutral to Outperform The company said it expects the Chinese EV company’s sales volumes to increase. “Notable exceptions are NIO and XPeng, whose year-over-year growth rates were slower, but both recently launched mass-market models, the ONVO L60 and MONA M03. Bernstein is bullish on the aerospace gas turbine engine company, noting that Bernstein started Standard Aero with outperformance. “SARO should benefit from a very strong commercial aero aftermarket that has significantly boosted the stock prices of other companies.” Wedbush adds Roblox to Best Ideas list The company expects solid revenue growth going forward He said that it is expected that “We expect the company’s revenue growth to outpace the industry over the next three years due to continued traffic growth, advertising growth, the potential for additional recurring revenue from season passes, and changes to Roblox. (RBLX) to Wedbush’s Best Ideas list. Developer pay structure announced on September 6th. Stifel downgrades Colgate-Palmolive to Hold on Buy. said it looks difficult. “We downgrade Colgate-Palmolive shares from buy to hold and lower our price target slightly to $101 and 17x 2025 EBITDA, but our expectations for 2024 to 2026 remain largely unchanged,” Oppenheimer said of Shake Shack. Reasserting superior performance The company said the burger chain is its new top idea. “After careful evaluation, we have now upgraded SHAK to our ‘Top Pick’ for restaurants. Despite +97% trailing 12-month performance (vs. +39% for S&P), valuation remains very attractive relative to growth peers, especially as our earnings revision thesis becomes clear. You can say so if it happens. ” Mones Crespi-Hard will launch Coinbase, with Mones, who is bullish on crypto companies, acquiring the company. “We start with Coinbase at Buy and a target price of $245. Fundamental to our argument are the following observations: We believe Coinbase has a first-mover advantage, superior technology, and advanced compliance. “We see Amazon as a long-term winner for crypto exchange/custody/services,” Stifel reiterates Amazon as a buy. “Overall, we remain very selective in e-commerce and continue to make AMZN our top pick (buy, $187.83) with more upside potential than NA Margin.” AWS acceleration and continued advertising growth. ”
