Monday's Biggest Analyst Calls: NVIDIA, Apple, Tesla, Live Nation, 3M, Uber, Eli Lilly, Amazon, Coinbase & More

Here’s a rundown of the major analyst recommendations and stock ratings from Wall Street on Monday:

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Morgan Stanley Reaffirms Live Nation as OverweightMorgan Stanley continues to see Live Nation as a strong investment, highlighting the company's resilience against macroeconomic challenges and robust consumer demand for live concerts. The firm reiterates its overweight rating, emphasizing a favorable risk/reward scenario.

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Cantor Fitzgerald Reaffirms Nvidia as OverweightNvidia remains a top pick for Cantor Fitzgerald. Despite no changes to its 12-month top picks list, which includes NVDA, WDC, NXPI, ASML, and AMAT, the firm expects Nvidia, along with MU, AVGO, and MRVL, to lead near-term outperformance.

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TD Cowen Reaffirms Apple as BuyTD Cowen raises its price target for Apple from $220 to $250 per share in anticipation of the company’s earnings report later this week. The firm foresees Apple posting in-line results despite some near-term challenges like modest market share loss in China to Huawei, macroeconomic impacts on consumer demand, and foreign exchange headwinds.

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Wells Fargo Upgrades Booz Allen Hamilton to OverweightWells Fargo turns bullish on Booz Allen Hamilton, upgrading the stock from equal weight to overweight. The firm believes the issues that led to the Q1 EBITDA shortfall are temporary and largely resolved. Booz Allen Hamilton, known for high returns in the aerospace and defense sector, is now trading at a discount compared to historical valuations.

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Guggenheim Upgrades Akamai to BuyGuggenheim upgrades Akamai from neutral to buy, setting a price target of $128. The firm believes Akamai can leverage its leading position in content delivery networking (CDN) to enhance its security and cloud solutions, thereby increasing the overall value of its CDN business.

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Piper Sandler Downgrades Charles Schwab to NeutralCiting uncertainties in Schwab’s strategic direction, Piper Sandler downgrades the stock from overweight to neutral.

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RBC Upgrades Sarepta to OutperformRBC upgrades Sarepta from sector perform to outperform, seeing the biotech company as a compelling buy, especially ahead of a potential major launch.

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Deutsche Bank Upgrades Northrop Grumman to BuyFollowing its earnings report, Deutsche Bank upgrades Northrop Grumman from hold to buy and raises its target price from $474 to $575.

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JPMorgan Upgrades Olin to OverweightJPMorgan upgrades Olin from neutral to overweight, noting the company's successful efforts to stabilize chlorine and caustic prices in the US by running at low capacity utilization rates from late 2023 through early 2024.

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Mizuho Reiterates Uber and Booking Holdings as OutperformMizuho maintains its outperform ratings for Uber and Booking Holdings, citing resilient demand and low expectations as positive factors ahead of their earnings reports.

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Deutsche Bank Upgrades 3M to BuyDeutsche Bank upgrades 3M from hold to buy, expressing optimism about new company management under CEO Bill Brown, who has garnered positive feedback from colleagues and investors alike.

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Bank of America Reaffirms Apple as BuyBank of America remains bullish on Apple ahead of its earnings report. The firm notes significant pent-up demand and a substantial number of older iPhones in the installed base. New AI features are expected to drive an upgrade cycle, reinforcing the buy rating.

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Barclays Downgrades Bristol-Myers Squibb to UnderweightBarclays downgrades Bristol-Myers Squibb from equal weight to underweight, citing competitive pressures and headwinds. Despite a recent 25% rally in share price, the firm remains cautious about the company's post-2025 fundamentals.

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JPMorgan Reiterates Eli Lilly as OverweightJPMorgan continues to view Eli Lilly as a core holding ahead of its earnings report on August 8. The firm also emphasizes the importance of stocks like LLY, MRK, and ABBV in the sector.

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Evercore ISI Reaffirms Amazon as OutperformEvercore ISI maintains its outperform rating for Amazon, predicting a modest beat and bracket quarter for the company's Q2 EPS results.

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Morgan Stanley Names Tesla a Top PickMorgan Stanley designates Tesla as a new top pick, noting a potential 40% upside to its $310 target price. The firm highlights managed expectations in the automotive sector and emerging drivers of firm value.

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Oppenheimer Reiterates Coinbase as OutperformOppenheimer believes Coinbase could be a candidate for inclusion in the S&P 500, citing increased regulatory clarity and the mainstream adoption of digital assets.

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Raymond James Reaffirms Microsoft as OutperformRaymond James remains bullish on Microsoft ahead of its earnings report on Tuesday, with strong positive sentiment surrounding the company's leading position in AI technology.

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DA Davidson Upgrades Shyft Group to BuyDA Davidson upgrades Shyft Group from neutral to buy, with a new price target of $18 following the company's Q2 2024 results.

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Raymond James Downgrades Charter to UnderperformRaymond James downgrades Charter Communications from market perform to underperform due to rising competitive pressures.

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HSBC Downgrades Arm to ReduceHSBC downgrades Arm from hold to reduce, expressing skepticism about the sustainability of the AI narrative and anticipating short-term earnings risks ahead of the company's Q1 2025 results.

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