Listed here are the largest calls on Wall Road on Monday: Morgan Stanley reiterates Apple at chubby Morgan Stanley mentioned it sees upside to its iPhone construct forecast for Apple. “New construct forecasts level to 3-5% upside vs. our March and June quarter iPhone cargo forecasts.” Morgan Stanley downgrades Logitech to underweight from equal weight Morgan Stanley mentioned it is unfavorable on the inventory heading into earnings later this month. “Following our deep dive into LOGI’s biz segments, we now forecast simply 3% annual income development via FY27, 200bp under Consensus and 500-700bp under what’s priced into shares right now.” Citi upgrades Frontier to purchase from impartial Citi mentioned it sees EBITDA development forward for the telecom and web supplier. “We improve FYBR shares to Purchase with an upwardly revised goal of $30 (from $28).” Evercore ISI provides a tactical outperform on IBM Evercore says it is bullish heading into earnings subsequent week. “Including IBM to Tactical OP Listing Forward of Q1 Print.” Argus upgrades Constellation Manufacturers to purchase from maintain Argus mentioned the wine and beer maker warrants a “larger a number of.” ” STZ shares are buying and selling at 18.6-times our revised FY25 earnings estimate; nevertheless, we expect a better a number of is warranted given the corporate’s prospects for sturdy gross sales and earnings and administration’s plans to extend beer output.” Mizuho initiates GE Vernova as purchase Mizuho says it is bullish on shares of the GE spinoff power firm. “We provoke GE Vernova (GEV) with a Purchase score and $154 worth goal.” Citi opens a optimistic catalyst watch on Nvidia Citi mentioned traders can purchase any weak point within the inventory. “We’re opening a optimistic catalyst watch on NVDA publish the [GPU Technology Conference] occasion inventory pullback on revenue taking.” Barclays initiates Cava at equal weight Barclays says the Mediterranean quick meals restaurant chain is absolutely valued proper now. ” CAVA’s income development is trade main, culminating in long-term annual steerage for high-teens development, supported by 15%+ unit & low-to-mid-single-digit comp development, each proving conservative so far. ” Citi reiterates Meta as a prime choose Citi raised its worth goal on the Instagram guardian to $590 per share from $525. “Greater image, with the broader internet advertising atmosphere strengthening and Meta’s multi-year product technique persevering with to return into focus, Meta stays our Prime-Decide and we’re elevating our projections and PT to $590.” Barclays initiates Astera Labs at chubby Barclays says the cloud connectivity platform is nicely positioned. ” Astera Labs is on the forefront of connectivity throughout the Information Heart and appears nicely positioned to benefit from the continued development and momentum of AI spend throughout the trade.” Morgan Stanley initiates Reddit at equal weight Morgan Stanley says the inventory is absolutely valued proper now. “We like RDDT’s place as a singular, genuine platform and see alternatives to drive advert income via innovation and efficiency enhancements, with excessive margin knowledge licensing a name choice.” JPMorgan initiates Hilton Grand Holidays at chubby JPMorgan mentioned it is bullish on shares of the timeshare operator. “We’re initiating protection of Hilton Grand Holidays (HGV) at an Obese score and a December 2024 worth goal of $59.” UBS downgrades Rollins to impartial from purchase UBS mentioned in its downgrade of Rollins that it sees a extra balanced threat/reward for the pest management firm. “We’re downgrading to Impartial as potential shifts in development/margin narratives are making a extra balanced setup within the coming months.” Seaport initiates Las Vegas Sands and MGM at purchase Seaport initiated a number of on line casino firms on Monday and says it is bullish. “We’re launching [coverage on] on 4 US listed shares and 5 HK listed shares: Las Vegas Sands ( LVS, Purchase, PT $63); MGM Resorts (MGM, Purchase, PT $56); Melco Resorts (MLCO, Purchase, PT $10).” UBS initiates SharkNinja at purchase UBS mentioned SharkNinja is a “international small home equipment chief within the making.” “We provoke protection of SharkNinja ( SN) with a Purchase. SN is the fifth-largest small home equipment firm globally, by 2023 income.” JPMorgan upgrades Lockheed Martin to chubby from impartial JPMorgan mentioned traders can purchase the dip in shares of the protection contractor. “Like Protection friends, LMT has been a big under-performer, with the inventory flat YTD (vs +8% for the market) and down 5% the previous yr (vs +26% for the market).” Financial institution of America upgrades Cisco to purchase from impartial Financial institution of America mentioned it sees a number of development drivers forward for Cisco. “We improve Cisco from Impartial to Purchase and determine three catalysts for development acceleration.” Financial institution of America upgrades Integer Group to purchase from impartial Financial institution of America mentioned it is bullish on shares of the medical gadget contract producer. ” Integer is among the market main medical gadget contract producers on the planet.” Needham initiates Bitdeer Applied sciences at purchase Needham says the bitcoin miner firm can climate the bitcoin cycle storm. “We’re initiating protection on Bitdeer (BTDR) with a Purchase score and a $14 PT.” Citi provides a optimistic catalyst watch on Intel Citi mentioned traders can purchase the dip. ” Intel inventory is down ~29% YTD and we consider the inventory is experiencing unfavorable sentiment as a result of foundry companies losses.” Deutsche Financial institution reiterates Netflix as maintain Deutsche raised its worth goal on the inventory to $550 per share from $525 forward of earnings later this week. “We consider the $450 improve in Netflix’s inventory worth over the previous 18 months makes for a difficult arrange into Thursday’s earnings report with the inventory buying and selling at 30x 2025E EPS and a 3% 2025E UFCF yield.” Canaccord initiates Coty as purchase Canaccord mentioned it likes the sweetness firm’s administration. “We’re initiating protection of Coty with a BUY score and $14 worth goal.” Jefferies initiates Janus at purchase Jefferies mentioned the self storage firm is an “under-the-radar” title. “With JBI nonetheless below the radar, we see the inventory as undervalued for a top quality small-cap development title, and are initiating protection with a Purchase score & $20 PT.” Stifel upgrades Masimo to purchase from maintain Stifel mentioned it sees a number of optimistic catalysts forward for the maker of affected person monitoring gear. “We’re upgrading MASI to Purchase from Maintain; Our TP strikes to $170 from $148.” Guggenheim downgrades ServiceNow to impartial from purchase Guggenheim downgraded the inventory on valuation. “We’re downgrading ServiceNow to Impartial from Purchase and eradicating our worth goal (of $838).” Wells Fargo initiates Churchill Downs at purchase Wells says it sees a compelling entry level for the horse racing firm. “We’re upgrading CHDN to OW, and our $141 PT implies 17% upside.” Wedbush upgrades PVH to outperform from impartial Wedbush mentioned traders can purchase the dip in shares of the Tommy Hilfiger and Calvin Klein clothes maker. “We’re upgrading shares of PVH to Outperform from Impartial, as we view the ~25% selloff post-EPS as a shopping for alternative.”