Here are Monday’s biggest calls on Wall Street: Jefferies reiterates Broadcom as buy Jefferies raised its price target on the stock to $315 per share from $300. ” AVGO is a leader in infrastructure semiconductors and software.” MoffettNathanson reiterates Apple as sell Moffett said it’s bracing for a difficult earnings report for Apple in late July. “It seems to us, though, that greater uncertainty ought to mean lower multiples. And given the asymmetry of the risks, we’d argue for lower estimates, as well. To date, the market has supplied little of either.” Stifel upgrades Oracle to buy from hold Stifel said in its upgrade of Oracle that it sees cloud acceleration. “While Oracle continues to benefit from escalating Infrastructure demand, we remain more cautious due to FCF implications given the company’s need for significant capital investment to sustain this growth.” Read more. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said Nvidia remains a top idea at the firm. “Our view is more constructive – NVIDIA i s our Top Pick in semis, as we think that both demand and supply are tracking ahead of the various Taiwanese anecdotes – but we do want to report accurately.” Barclays initiates Circle as overweight Barclays said it’s bullish on shares of the blockchain crypto company. “We are initiating coverage on Circle Internet Group (CRCL) with an OW rating and a PT of $215.” Read more here. Piper Sandler initiates KKR as overweight Piper said the private equity company is a “balance sheet disruptor.” “We are initiating coverage with an OW rating and $150 price target.” Goldman Sachs initiates AeroVironment as buy Goldman said the defense contractor is best positioned. “We initiate AVAV at Buy as we see significant global demand for its products, driving scale.” Goldman Sachs initiates as Kratos as buy Goldman upgraded the defense and security solutions company and said it’s a drones beneficiary. “We assume coverage of KTOS from Noah Poponak and upgrade to Buy as we expect its established positions in drones and propulsion to drive a reacceleration in growth, driving margin and cash generation.” Mizuho upgrades Consolidated Edison to outperform from neutral Mizuho said investors should buy the dip in the utility company. “We are upgrading ED to Outperform from Neutral as the recent selloff represents a compelling opportunity with shares trading at a 2% P/E discount for a quintessential premium utility.” Cantor Fitzgerald initiates SailPoint Technologies as overweight Cantor said it’s bullish on shares of the identity software access company. ” SailPoint is best-of-breed in the Identity Governance and Administration (IGA) space and appears well-positioned for long-term growth following its February IPO.” Jefferies upgrades Disney to buy from hold Jefferies said it sees a slew of positive catalysts ahead for Disney. “We upgrade DIS to Buy for 4 primary reasons: 1) Now see limited risk of a 2H25 Parks slowdown from Epic Universe/Macro. 2) More positive on FY26 Cruise upside, JEFe $1B+ rev uplift. 3) Continued DTC margin expansion.” Read more. William Blair reiterates Tesla as outperform The firm said it’s sticking with the stock but sees a “bumpy road ahead.” “Our analysis reveals that Tesla’s valuation is increasingly dependent on the robotaxi business. … .We fundamentally believe in Tesla’s long-term solution of neural nets and vision only, but acknowledge it opens up attack vectors for the inevitable hiccups to come. We are encouraging investors to use bumps along the road tactically.” Deutsche Bank adds a catalyst call buy on Honeywell Deutsche said the stock is due for a re-rating. “We believe investor positioning on HON continues to skew quite negative, and have fielded little interest in our positive investment thesis on the stock. And yet we see a high probability of a 2Q beat (we sit 1% ahead of consensus) and material full-year guidance raise.” Citi upgrades Linde to buy from neutral Citi said it’s getting more constructive on shares of the chemicals company. “Despite the headwinds related to tariffs and broader macro uncertainties, we believe there are few things to get constructive on LIN’s growth algorithm, specifically: 1) evidence of strong execution across price and productivity; 2) high quality project backlogs with focus on near-term opportunities and payback; and 3) likely winners from the eventual industrial recovery.”
