Here are Monday’s biggest calls on Wall Street: Oppenheimer adds Nvidia to the top ideas list The firm said it’s sticking with its outperform rating on the stock. “Nvidia has transformed from a graphics company to a premier leading AI computing platform company.” UBS upgrades Archer-Daniels Midland to buy from neutral UBS said earnings have bottomed for the food processing company. “We upgrade to Buy with $60 PT based on underappreciated policy tailwinds and as we see better Nutrition results in the future.” JPMorgan downgrades Netflix to neutral from overweight The firm downgraded the streaming giant mainly on valuation. “To be clear, there’s no change to our long-term bullish view on NFLX’ s streaming leadership position & the company’s potential to effectively become global TV over time. However, more near-term, following significant stock price appreciation & outperformance, we believe the risk/reward in NFLX shares is becoming more balanced.” UBS upgrades Delta and United to buy from neutral UBS said it sees an improving second half for the two airline stocks. “We are upgrading DAL and UAL from Neutral to Buy. Recent tariff relief due to the 90 day agreement with China and framework with the UK support a shift in our base case from a downturn in the economy to stability / slow growth.” Loop upgrades Charter to buy from hold Loop said it’s bullish on the cable company’s merger with Cox. “We are upgrading CHTR to a Buy rating and increasing our price target to $510 from $430, driven by the enhanced growth prospects from the proposed merger with Cox Communications.” JPMorgan upgrades Marqeta to overweight from neutral JPMorgan said it’s turning more “constructive” on the fintech payment stock for the first time since 2023. “We are upgrading MQ from Neutral to Overweight. Since we downgraded the stock in March 2023, the company has managed through: (1) the majority of its largest customer renewals, most notably Block, (2) regulatory related customer onboarding delays which slowed 2024-25 growth and (3) management changes.” Goldman Sachs reiterates Snowflake as buy Goldman said it’s bullish on the stock heading into earnings on Wednesday. “We continue viewing Snowflake as a high-quality asset capable of scaling to $10bn+ with durable mid-20’s topline growth and 25%+ FCFM [free cash flow model].” JPMorgan upgrades Cognizant to overweight from neutral JPMorgan said the IT services company is executing well. ” CTSH has made significant strides in closing the growth gap vs. peers through its focus on execution, large deals and employee retention under CEO Ravi Kumar.” Morgan Stanley reiterates Apple and Meta as overweight The firm said Meta remains over-owned by large cap institutional investors and that Apple remains under-owned. “AAPL remains the most under-owned mega cap tech stock we track, while META remains the most over-owned Northcoast downgrades GE Aerospace to neutral from buy The firm downgraded the stock mainly on valuation. “We are downgrading GE Aerospace (GE) to a NEUTRAL rating following a sharp trading rally over the last few weeks that seemingly coincided with reduced concerns about global trade war fallout, the more manageable import tariff impact seen for the aero OEMs and tier-one suppliers, improved commercial aircraft production visibility, and a slew of positive industry-related headlines.” Wells Fargo downgrades Reddit to equal weight from overweight Wells said in its downgrade of Reddit that it’s concerned about user declines. “Recent user disruptions likely more permanent, as search user behavior change accelerates w/ Google likely to integrate full AI search capabilities soon. See threats not only to Reddit , but to all those dependent upon search traffic. Downgrade to EW.” Wells Fargo upgrades Rxsight to overweight from equal weight Wells said the ophthalmic medtech company has a differentiated offering. “We upgrade RXST to Overweight from Equal Weight and raise our PT to $25 (~4x ’26E sales) from $17. We see an attractive valuation at the current level that appears to deeply discount RXST’s differentiated technology and incremental TAM opportunities. Bank of America initiates Matador Resources as buy The firm said the oil and gas producer is well positioned. “We initiate coverage of Matador Resources (MTDR), a mid-cap oil-focused E & P with operations primarily in New Mexico’s Eddy and Lea counties, with a Buy rating and a PO of $56.” TD Cowen downgrades UnitedHealth to hold from buy TD Cowen said it sees too many negative catalysts in recent weeks for the healthcare insurer. “We are downgrading shares of UNH from Buy to Hold and reducing our PT from $520 to $308, based on 12.0x our revised 2026 EPS est.” TD Cowen downgrades Shake Shack to hold from buy TD Cowen downgraded the burger chain on valuation. ” SHAK now trades in excess of the 3Y avg FY2 EV/EBITDA, leading us to believe the challenged restaurant spending backdrop limits further multiple expansion, particularly in the crowded burger category where the concept lacks category leadership.” Piper Sandler upgrades Solventum to overweight from neutral Piper said it sees strong execution for the healthcare company. “We’re upgrading shares of SOLV to OW and raising our price target to $87. Recent events had us warming to this stock the past few months, and we had been waiting for more visibility on a couple of items before adjusting our rating – another quarter of better top-line performance and clarity on the tariff risk for SOLV.” Evercore ISI adds a tactical outperform on Home Depot Evercore said it’s bullish on Home Depot heading into earnings on Tuesday. “As long as better trends into spring are confirmed, we believe the market reaction could prove similar to Walmart albeit with a bit more kick… a meet and keep with better trends is enough to move it back to $400+ levels last seen in January.” Evercore ISI adds a tactical underperform on Lowe’s Evercore said it’s negative heading into earnings on Wednesday. “We expect LOW to reduce their EPS guide for 2025 to bracket our $12.10, which is 12 cents below where the street currently is. While we believe the market does anticipate comps below peer HD, we think the 200bp magnitude, reduction of buyback, and lowering of guidance is not fully in the stock which has only underperformed HD by 300bp ytd.” Cantor Fitzgerald reiterates Tesla as overweight Cantor said it sees a slew of positive catalysts in the months ahead for Tesla. “With shares currently trading at ~$350, we remain bullish ahead of several material near-term potential catalysts.”
