Here are Monday’s biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS raised its price target on Nvidia to $150 per share from $120. “Given all of this, we believe a $150 PT can be supported (prior $120) and we maintain our Buy rating as we roll our valuation basis forward from C2025 EPS [Calendar] to an average of C2025/C2026.” Stifel upgrades Ecolab to buy from hold Stifel said it’s bullish on shares of the food safety company. “The ECL story sounds better to us than it has in many years, and we expect the positive trajectory to continue.” Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it’s staying bullish on the semis company heading into earnings on July 18. “AI semi demand sustainability and TSMC’s wafer pricing trend should be key focus of TSMC 2Q results earnings call.” KBW upgrades Charles Schwab to outperform from market perform KBW said it’s getting bullish on shares of Charles Schwab. “Solving for Liquidity Risk with a Shift in Balance Sheet and Deposit Strategy; Upgrading to OP.” Guggenheim downgrades ServiceNow to sell from neutral Guggenheim said it sees too many risks ahead of earnings later this month. “While we believe 2Q24 will be fine when NOW reports on 7/24, we believe 2H24 presents risk to consensus Subscription, presenting material risk in the stock, currently trading at a rich 15x EV/NTM likely recurring revenue.” Wells Fargo reiterates Meta as overweight Wells raised its price target on Meta to $625 per share from $593. “Checks suggest robust 2Q ads performance. Raising 2Q to HE [high end] of guide despite some incr. FX headwind. 3Q guide likely constructive.” B. Riley upgrades Cinemark to buy from neutral B. Riley said it “missed the recent stock move” but is bullish on movie company Cinemark ‘s shares . “While we missed the recent stock move, we see further upside with a focus on 2025 and are upgrading from Neutral to Buy.” Redburn Atlantic Equities initiates Emerson as buy Redburn said it’s bullish on shares of the electric manufacturer. ” Emerson has undergone a significant transformation over the past three years to focus on automation and is now very well positioned to capitalise on positive secular drivers.” Wolfe downgrades JPMorgan to peer perform from outperform Wolfe said the risk/reward is more balanced for the banking giant. ” JPM has outperformed S & P / S & P Fins. since our upgrade last July, and while we still see ~10% upside to cons., concerns on short-end gearing,…
Click Here to Read the Full Original Article at Top News and Analysis (pro)…
