Here are the biggest voices on Wall Street on Monday: Morgan Stanley reiterates its overweight position in Nvidia and Broadcom, saying it remains firm on both stocks. “This is still an unusual memory cycle, as the strength of the data center is the only culprit. This means that, as we saw in April, there are mixed signals that could be false flags elsewhere. Memory is the best resource in our coverage area. It’s not Screward (we think it’s NVDA/AVGO), but it’s catching up quickly.” Goldman Sachs begins acquisition of Versigent, with Goldman saying there’s a lot of upside in the electrification company. “We initiate coverage of Versigent (VGNT) with a Buy rating and $48 price target, implying 20% upside.” BMO Downgrades Charles Schwab from Market Perform to Outperform BMO downgraded the stock based on valuation. “We downgrade SCHW to Neutral from Market Perform. Fundamentals remain strong, but we feel the balance between risk and return is better after an approximately 20% rally and outperformance over SPX and XLF.” BMO opens Crane as Outperform BMO said it likes the company’s A&D exposure. “We begin coverage of Crane with Outperform and target $253 (+17% upside).” Cantor Fitzgerald Reiterates Overweight Tesla The company said it would maintain the stock price ahead of earnings later this week. “Overall, we continue to view Tesla’s robotaxi division and CyberCab as a high-margin model for software-as-a-service. We continue to expect TSLA to have the ability to scale rapidly and capture meaningful market share post-commercialization (despite slow expansion).” Barclays upgrades Lumentum from equal weight to overweight. Barclays called the decline in Lumentum stock a buy. “The underlying fundamentals for transceiver/laser demand remain strong and favor risk/reward on a pullback. Our PT remains unchanged at $1,000.” Goldman Sachs upgraded Urban Outfitters to a neutral Goldman acquisition and said it expects earnings to improve. “We upgrade URBN stock to Buy from Neutral with a 12-month price target of $93.” Goldman Sachs upgrades Yeti to neutral Goldman acquisition Goldman said it expects growth to improve. “Our latest channel checks and brand momentum efforts increase our confidence that YETI’s growth prospects are becoming more sustainable.” Read more. Mizuho opens with outperforming BP The company said there is plenty of room for the oil and gas giant’s stock to rise. “We are initiating coverage on BP Plc (BP) with an Outperform rating and a $51/ADS NAV-based price target.” Mizuho initiated Total Energy, which outperformed Mizuho, said the energy company offers differentiated services. “We are initiating coverage on TotalEnergies (TTE) with an Outperform rating and a NAV-based target price of $103.” CLSA opens as outperforming Microsoft and Adobe CLSA said Microsoft is firing on all cylinders. The company also led Adobe, saying its “moat is being ignored.” “Among the six candidates, we recommend Microsoft as O-PF due to its ubiquity, despite the clumsy Copilot earning a shadow of Clippy. Adobe wins our vote for O-PF. The company’s stock price reflects market jitters, but its moat is ignored amid metrics that are performing better than expected.” JP Morgan starts Moog overweight JPMorgan said the aerospace company has a wide moat. “We initiate coverage of Moog Inc. (MOG/A) with an overweight rating and a December 2027 price target of $520, suggesting ~35% upside potential.” Rothschild & Co. Redburn begins acquisition of DPC Holdings The company said there is a strong case for the metal components company. “Doncasters operates in a capacity-constrained market with high barriers to entry, high switching costs and limited vertically integrated scale competitors.” Deutsche Bank has initiated the acquisition of Regal Rexnord, with Deutsche Bank saying the electrification and transmission company has ample growth ahead. “We initiate coverage of Legal Rexnord with a buy rating and a price target of $286, which implies over 30% upside to the current stock price.” Deutsche Bank downgrades Monster from buy to hold Deutsche Bank downgrades Monster stock on valuation. “We are downgrading MNST to Hold today as the stock’s recent outperformance has made valuation increasingly dependent on results exceeding our already constructive expectations.” Citizens said they liked Gloo Holdings’ management as the market outperformed Gloo Holdings “We are initiating coverage of Gloo with a market outperform rating and a $8 price target.” HSBC initiates Apollo Global as Buy The company said Apollo is in the best position. Morgan Stanley upgrades Global Payments from equal weight to overweight Morgan Stanley said the stock is well positioned for a rerating. “We believe the settings are becoming increasingly asymmetric to the upside and are upgrading GPN to OW.” “Checks on both Genius and Worldpay are becoming more constructive among their respective small business and enterprise customers, suggesting improved competitiveness that supports MSD’s sustainable growth algorithm.” Bank of America reiterates Apple buy The company said it would stick to the stock price ahead of Apple’s earnings call at the end of this month. “Investors’ focus will be on component cost inflation and durability as we move towards 2026 Q3 (June Q) results after the market closes on Thursday, July 30th.” Jefferies upgrades Farbo Energy to Buy from Neutral Jefferies upgraded FRVO to buy after a roughly 40% pullback from May’s IPO highs, with improved risk-reward skew. Loup upgrades Harley-Davidson to buy from neutral Loup said it has increased confidence following dealer checks. Rabbit is now a buy at $32 PT (previously $24 PT) after recent conversations with Harley dealers increased confidence that HOG can execute on its ‘Back to Brix’ strategic plan for FY27 and beyond. “Price target is $420, with ~30% upside potential from current levels.” BTIG says there are many positive catalysts for the health tech company and is initiating coverage on Brainsway (BWAY) with a ‘buy’ rating and $18 target price.” Wolf Initiates Mobility Global as Outperform Wolf said the company’s moat is wide. The company has an Outperform rating and a 2026 EUR26 price target of $25. ” Freedom Capital Markets upgrades Nevius from hold to buy The company said the stock has an attractive entry point. That stock price may end up being right. Basically, we’ve been fans forever. ” Leerink opens Shattuck Labs as an outperformer The company said the biotech company offers differentiated products. “Shattuck initially targets Crohn’s disease…” Cantor Fitzgerald launches Trulieve Cannabis Overweight Canter says he’s bullish on cannabis companies. “We initiate coverage of TRLV with a $15 price target and overweight.” Citi begins acquisition of AerCap Holdings Citi claims aerospace company is share gainer. “AER is a global leader in aviation leasing and is exposed to the same aerospace megatrends that drive many stocks across our coverage.”
