Monday's Biggest Analyst Calls: Apple, NVIDIA, Tesla, Chipotle, Deere, Wingstop, Anheuser-Busch Inbev & More

Wall Street’s Biggest Analyst Calls on Monday

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Morgan Stanley Names Tesla a Top Pick
Morgan Stanley has identified Tesla as its leading choice in the U.S. auto sector, emphasizing the company’s strong position in artificial intelligence. The firm sees significant upside potential, raising its price target to $430, which suggests more than 50% growth from current levels.

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Bank of America Reiterates Nvidia as a Buy
Bank of America maintained its bullish stance on Nvidia, describing the stock as highly attractive. The firm believes Nvidia remains "compellingly valued," reinforcing confidence in the company's growth prospects.

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Morgan Stanley Initiates SanDisk as Overweight
Morgan Stanley began coverage of SanDisk with an overweight rating, highlighting the company’s appeal despite market uncertainties. Analysts see SanDisk as one of the best risk-reward opportunities within their coverage universe.

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Morgan Stanley Upgrades Chipotle to Overweight
Morgan Stanley upgraded Chipotle Mexican Grill from equal weight to overweight, citing the company’s strong financial position. Analysts view Chipotle as a quality growth stock with long-term potential, noting that the recent stagnation in the share price over the past year provides an attractive entry point.

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JPMorgan Downgrades Southwest Airlines to Underweight
JPMorgan lowered its rating on Southwest Airlines from neutral to underweight, primarily due to valuation concerns. While the firm’s forecast for the airline remains unchanged, analysts believe the stock’s rising valuation premium justifies the downgrade. The firm maintained a $25 price target for year-end 2025.

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Barclays Upgrades Kinder Morgan to Overweight
Barclays raised its rating on energy infrastructure firm Kinder Morgan from neutral to overweight, describing its shares as compelling. The firm highlighted structural tailwinds across natural gas and liquid products, which support the company’s core infrastructure assets.

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Bank of America Upgrades BeiGene to Buy
Bank of America upgraded BeiGene from neutral to buy, raising its price target to $320. The firm pointed to the biotech company’s expanding international sales and robust product pipeline as key factors for the upgrade.

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Baird Downgrades Deere to Neutral
Baird downgraded agricultural equipment maker Deere from outperform to neutral, citing valuation concerns. Analysts noted that with the stock near all-time highs, future gains depend on a significant cyclical rebound in demand.

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JPMorgan Upgrades Mosaic to Overweight
JPMorgan raised its rating on Mosaic to overweight, citing rising prices for the company’s key fertilizers. The firm believes this upward trend presents an opportunity for investors and expects strong performance in the year ahead.

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Deutsche Bank Upgrades Anheuser-Busch InBev to Buy
Deutsche Bank upgraded Anheuser-Busch InBev from hold to buy, suggesting a positive outlook for the beer industry. The firm believes the company is building a track record of strong performance despite previous external challenges and expects this to lead to a higher valuation.

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Morgan Stanley Initiates Aurora Innovation as Overweight
Morgan Stanley began coverage of autonomous vehicle software company Aurora Innovation with an overweight rating. The firm set a price target of $12, with a valuation range between $7 and $17, emphasizing the company’s promising market position.

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Goldman Sachs Adds Deere to Conviction List
Goldman Sachs added Deere to its conviction list, pointing to several upcoming catalysts. Analysts expect earnings to improve as the company reaches a cyclical low in agricultural equipment inventory. Additionally, the rollout of a new subscription business is seen as a potential growth driver.

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Morgan Stanley Names Wingstop a Top Pick
Morgan Stanley elevated Wingstop to its top pick, citing an attractive risk-reward profile. The firm’s analysts remain optimistic about the company’s future growth trajectory.

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Bank of America Upgrades Thor Industries to Buy
Bank of America upgraded recreational vehicle manufacturer Thor Industries from neutral to buy. Analysts anticipate market share gains, particularly with its largest customer, and noted early signs of recovery in the broader RV industry.

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Deutsche Bank Downgrades Dollar General to Hold
Deutsche Bank downgraded Dollar General from buy to hold, citing ongoing challenges and increased competition. The firm expressed concerns over the company’s ability to improve its fundamentals in the near term.

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Wedbush Reiterates Apple as Outperform
Wedbush reaffirmed its outperform rating on Apple, highlighting the importance of its partnership with Alibaba in China. Analysts believe this collaboration could drive substantial growth, estimating that around 100 million out of 200 million iPhones in China are due for an upgrade.

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Morgan Stanley Upgrades Melco Resorts & Entertainment to Overweight
Morgan Stanley upgraded Melco Resorts & Entertainment from equal weight to overweight, believing the casino operator is well-positioned to capture market share. Analysts also suggested that consensus estimates for the company may have reached a bottom, paving the way for upward revisions.

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