Here are Monday’s biggest calls on Wall Street: Baird upgrades US Bancorp to overweight from neutral Baird said the risk/reward is “very attractive” for the regional bank stock. “Regional bank risk/reward trade-off remains very attractive, in our view, upgrading USB to Outperform, market pricing in permanent destruction in ROAs (return on assets).” Read more about this call here. Morgan Stanley reiterates Match as a top pick Morgan Stanley said it sees more industry growth for stocks such as Match. “Payer slowdowns at Match and Bumble have driven market concerns that the US online dating market is reaching saturation. Our new deep dive suggests otherwise, but we see future industry growth more dependent on monetization.” Deutsche Bank upgrades Kimberly-Clark and Conagra to hold from sell Deutsche upgraded several staples manufacturers mainly on valuation. “At the same time, we move to a slightly more constructive relative view on our coverage overall, exemplified by upgrades of two previously Sell-rated names to Hold— KMB and CAG —as both now trade at levels more consistent with our target prices…” Morgan Stanley names Amazon, Walmart, Nike and Farfetch top e-commerce picks Morgan Stanley named Amazon , Walmart, Nike and Farfetch as stocks that are “best positioned” for e-commerce acceleration. “E-commerce penetration is growing again off a higher post- COVID base. Scale players with leading platforms/ infrastructure are best positioned to take share.” Bernstein upgrades Pepsi to market perform from underperform Bernstein said it was wrong about the stock. “If we were being defensive, we might argue that competitive data for PEP’s beverage business have continued to look miserable, both in the US and Internationally: PEP is consistently losing share. Margins also remain a long way from management’s mid-teens target. Strong, pricing-led category growth is what caught us offside.” Edward Jones upgrades Meta to buy from hold Edward Jones said it’s getting more constructive on shares of Meta. “Meta is notably reducing its previous expense expectations, addressing our concerns about especially heavy spending on its metaverse virtual-reality initiative.” Goldman Sachs initiates Dell as buy Goldman said it sees an attractive risk/reward for the PC stock. ” Dell Technologies (DELL, Buy, 12m TP of $43): Estimates rebased lower following revenue warnings on PCs, servers, and storage, resulting in favorable risk-reward.” JPMorgan reiterates Netflix as…
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