Here are Monday’s biggest calls on Wall Street: Wolfe downgrades ChargePoint to peer perform from outperform Wolfe said it sees too much uncertainty for ChargePoint. “We’re resetting our revenue and gross margin expectations as we see significant uncertainty in the medium-term; Downgrading to Peer Perform from Outperform.” Jefferies upgrades Six Flags to buy from hold Jefferies said it’s bullish on the company’s merger with Cedar Fair. “We upgrade SIX to Buy from Hold as the merger of FUN and SIX materially increases value for SIX holders.” Raymond James reiterates Nvidia as strong buy Raymond James said it’s bullish heading into Nvidia earnings on Tuesday. “We expect another strong quarter from NVDA and believe that a 5-10% revenue beat (and raise) is likely despite mixed 3Q Cloud capex trends and recent China export controls.” Stifel initiates Mach Natural Resources as buy Stifel said it’s bullish on the oil and gas company. ‘In our view, MNR offers a highly differentiated investment proposition as investors are paid a peer-leading dividend yield while allowing management time to execute its roll-up and return of capital strategy in arguably the best basin in the Lower 48 to pursue that strategy.” Wells Fargo initiates Arm as overweight Wells said it’s bullish on the semiconductor stock. “We initiate ARM with an OW rating. Arm has been the leading innovator in RISC-based compute since its founding in 1990 as a JV involving Acorn & Apple, and we believe it can continue the momentum well into the future by taking compute share.” Bernstein reiterates Tesla as underperform Bernstein said it’s standing by its underperform rating on Tesla as EV growth is slowing. “EV growth appears to be slowing, and some investors have asked whether wealthy, tech savvy early adopters have become increasingly saturated, with mass market consumers – ‘average’ Americans – not yet ready to pick up the slack/ purchase an EV.” JPMorgan reiterates Apple as overweight JPMorgan said in iPhone lead times are moderating for Apple. “In Week 10 of our Product Availability Tracker, delivery lead times have moderated for the eighth consecutive week, and are now tracking on average to 2 days across the 15 Series, a decline of ~2 days in the last week, which is roughly in line with the magnitude of decline in the prior week.” BTIG initiates Global Payments as buy BTIG said it sees an attractive entry point for the payments company. ” GPN’s global payments infrastructure enables more than…
Click Here to Read the Full Original Article at Investing…
