Monday’s Biggest Analyst Calls: Nvidia, Tesla, Rivian, AMD, Broadcom, Charles Schwab, Paypal & More

Here are Monday’s biggest calls on Wall Street:

‍

Bank of America Downgrades Advanced Micro Devices (AMD) to Neutral
Bank of America expressed concerns over AMD’s potential for gaining market share, citing increased competition in AI and the preference among cloud providers for custom chips from rivals such as Marvell and Broadcom.

‍

Morgan Stanley Upgrades Reddit to Overweight
Morgan Stanley highlighted Reddit’s growing engagement and advertising prospects. They see the platform as still in its early stages of growth, with potential for leading user engagement and ad revenue in the industry.

‍

Morgan Stanley Reiterates Nvidia as Overweight
The firm reaffirmed Nvidia as its top pick for AI-driven growth, emphasizing its strong position in the tech space despite a challenging broader cycle.

‍

Goldman Sachs Initiates Atour Lifestyle Holdings as Buy
Goldman expressed bullishness on the Chinese hotel chain, noting its rapid expansion since its founding in 2013. Atour’s hotel count has tripled over the past few years, now operating in nearly 200 cities.

‍

UBS Initiates Elanco as Buy
UBS began coverage of the pet health company with a positive outlook and an $18 price target.

‍

Wells Fargo Upgrades C.H. Robinson to Overweight
Wells Fargo upgraded the logistics company, citing strong prospects for earnings growth driven by improved execution and technological advancements, with a price target of $130.

‍

Deutsche Bank Initiates First Citizens as Buy
The firm started coverage of First Citizens BancShares, highlighting its long-term growth potential and setting a price target of $2,600, representing an 18% upside.

‍

Bernstein Upgrades JD.com to Outperform
Bernstein sees JD.com benefiting from government support for durable goods consumption and believes its focus on profitability will help safeguard earnings despite economic uncertainties.

Jefferies Initiates Six Flags as Buy
Jefferies began coverage of the combined entity of Six Flags and Cedar Fair with a buy rating, indicating confidence in their future potential.

‍

Jefferies Upgrades McCormick to Buy
The firm noted growth opportunities for the food products company, emphasizing its positioning in meal-related portfolios and category advantages.

‍

JPMorgan Reiterates Broadcom as Overweight
Ahead of Broadcom’s earnings report, JPMorgan maintained its positive stance, citing strong AI-related demand and recovery in other semiconductor markets.

‍

Citi Upgrades Xylem to Buy
Citi sees strong growth prospects for Xylem, the water solutions company, and believes its valuation is modest compared to historical levels.

‍

Jefferies Downgrades Biogen to Hold
Jefferies downgraded Biogen, citing challenges the biotech company is likely to face in 2025.

‍

Wells Fargo Upgrades RealReal to Overweight
Wells Fargo described the luxury retailer as a “turnaround story,” with shifting margins and accelerating top-line growth.

‍

Morgan Stanley Downgrades Bank of America to Equal Weight
Morgan Stanley lowered its rating for Bank of America, citing a more balanced risk/reward profile compared to peers with higher capital market exposure.

‍

Morgan Stanley Upgrades Bank of New York Mellon to Overweight
The firm noted the financial services company's strong operating leverage as a key driver for its positive outlook.

‍

Morgan Stanley Upgrades Jefferies to Overweight
Morgan Stanley highlighted favorable M&A conditions for Jefferies, driven by experienced hires during the recent downturn who are now fully ramped up.

‍

TD Cowen Upgrades Blackstone to Buy
The alternative asset manager’s recent pullback presents a buying opportunity, according to TD Cowen, as it heads into 2025 well-positioned for growth.

‍

Barclays Upgrades Robinhood and Charles Schwab to Overweight
Barclays cited Robinhood’s unique growth opportunities in a changing regulatory environment and Schwab’s margin improvement potential as reasons for their upgrades.

‍

Bank of America Upgrades PayPal to Buy
The firm sees PayPal’s turnaround progress as warranting a higher valuation.

‍

Bank of America Downgrades SoFi to Underperform
SoFi was downgraded due to its valuation, which Bank of America views as stretched compared to peers.

‍

Bank of America Upgrades TaskUs to Buy
The firm described the outsourcing company as “best in class” and anticipates accelerated revenue growth alongside robust margins.

‍

JPMorgan Upgrades Synchrony to Overweight
JPMorgan views Synchrony as undervalued, presenting a relative outperformance opportunity.

‍

Truist Upgrades Newell Brands to Buy
The consumer goods company received an upgrade, with a higher price target of $17, as Truist sees it as a turnaround stock.

‍

Benchmark Initiates Rivian as Buy
The firm is optimistic about Rivian’s prospects in the electric vehicle market heading into 2025.

‍

Deutsche Bank Names Tesla a Top 2025 Pick
Deutsche Bank highlighted Tesla’s strong position in achieving commercial success with robotaxis, driven by its end-to-end AI strategy.

‍

JPMorgan Upgrades Nokia to Overweight
The firm sees Nokia as poised for a positive earnings trajectory in 2025, prompting an upgrade with a €6.05 price target.

‍

JPMorgan Upgrades Victoria’s Secret to Neutral
The firm highlighted easing comparisons as a growth opportunity for Victoria’s Secret in early 2025.

‍

Citi Upgrades Timken to Buy
Citi upgraded the engineered bearings manufacturer, raising its price target to $90, citing attractive valuation levels.

‍

Roth MKM Reiterates Amazon as Buy
Roth MKM reiterated Amazon as a top pick for 2025 among mega-cap stocks.

‍

‍