Here are Monday’s biggest calls on Wall Street:
Goldman said the financial services company has a differentiated offering.
“We see ETOR as an attractive market share gain story in the fragmented European retail brokerage market, driven by a differentiated offering vs. peers, in terms of: 1) its geographic and product breadth (a pan-European client base that can trade global unlevered and levered equities, currencies, commodities, and crypto); 2) a tech-enabled offering...”
Morgan Stanley downgraded the stock citing a slew of negative data points.
“We’re downgrading LULU to Equal-weight on lesser confidence in positive Americas comp inflection, the inability for the stock to work until this KPI [key performance indicators] shows consistent improvement, fair-to-high M-T [medium term] Street estimates, & reasonable valuation for that set-up.”
Goldman said it sees limited upside and growth headwinds for both food product stocks.
“As a result, we downgrade GIS to Neutral from Buy with an updated 12-month price target of $58, downgrade CAG to Sell from Neutral with a 12-month price target of $21, and reiterate our Sell rating on KHC with an updated 12-month price target of $25.”
The firm said the Medicaid overhang is already in for stocks like healthcare company Centene.
“While varying permutations of policy headwinds are looming across Medicaid, we view the overhang as disproportionately reflected in CNC/MOH at trough valuations.”
Baird said it sees too many negative catalysts.
“TSLA’s strong performance following a fundamentally poor quarter (up 24%, S&P 500 up 13%) has been partly a product of anticipation for the June launch of both a more affordable vehicle and robotaxi service. We believe Musk’s comments regarding the robotaxi ramp rate are a bit too optimistic, and we believe this excitement has been priced into shares.”
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UBS said its survey checks show that iPhone intent softened in the U.S. and China for Apple.
“12-month global iPhone purchase intent in the US fell a point to 17%, the lowest reading in 5 years while intent in China fell to 16% from 22% a year ago. Japan was the only region that saw an uptick in purchase intent YoY to 13% from 11% as Germany was flat at 10% and the UK dropped a point to 13%.”
Citi said it’s sticking with the stock ahead of earnings later this month.
“We raise estimates and price target from $110 to $130 and our new F26 EPS estimate is 16% above Consensus. We reiterate our Buy rating on Micron.”
Morgan Stanley downgraded the stock mainly on valuation.
“MCD is a top quality business but hasn’t been, and probably will not be, insulated from some structural pressures on fast food. We see the stock closer to fair value and move to EW.”
The firm said it’s taking a more cautious view on the stock and downgrading on valuation.
“Robinhood (downgrade to Sell) and eToro reflect a cautious view around revenue durability and valuation.”
Goldman downgraded the stock on valuation.
“We’re lowering our rating on Mobileye (MBLY) shares to Neutral from Buy to better reflect the competitive landscape, risk to Street estimates in 2026/2027, and what we consider to be full valuation (with the stock trading near our unchanged $17 price target).”
Cantor said the remains a top pick heading into Nvidia’s Global Tech Conference in Paris this week.
“While the event will naturally hit on current AI trends across hyperscalers, sovereigns, and enterprise, we would expect incremental news flow to be centered around Industrial AI.”
Mizuho raised its price target on the stock to $115 per share from $105.
“The multi-year rebuild into a much more tech-led player is working, with a focus on speed of delivery and further volume gains ahead. WMT is on pace to deliver annual U.S. eCommerce revenues in excess of $100B or closing in on ~10% of all domestic online sales - making it second-largest only to Amazon”
Morgan Stanley raised its price target on the stock to $460 per share from $420.
“We are bullish on APP’s plan to sell its apps segment, which we expect would enhance shareholder value and be neutral to future earnings.”
D.A. said in its upgrade of Fifth Third that the regional bank is “high quality.”
“Business sentiment is improving; it could lead to better loan growth than forecast.”
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