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Monday’s Top Analyst Recommendations: Nvidia, Tesla, Apple, Walmart, Microsoft, Disney, Arm, GM, DraftKings, and others

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The latest calls from Wall Street indicate some interesting developments in the stock market landscape. Truist upgraded Krispy Kreme to a buy rating, citing its underappreciated potential. New Street initiated Microsoft as a buy, highlighting its strong position for future growth. Morgan Stanley resumed coverage of Broadcom as overweight, touting its compelling growth prospects in AI and core enterprise semis. UBS reiterated Apple as neutral, noting muted interest in AI. TD Cowen reiterated Nvidia as a buy, raising its price target following a stock split. Bernstein reiterated Tesla as underperform, expressing skepticism about Elon Musk’s pay package.

Bernstein also reiterated Disney as outperform, despite potential softness in Disney Parks attendance. Morgan Stanley named DraftKings a top pick despite gaming tax issues in Illinois. Jefferies upgraded Planet Fitness to a buy, anticipating positive catalysts ahead. JPMorgan upgraded PG&E to overweight, citing long-term growth potential. JPMorgan also upgraded Walmart to overweight, noting its balance of offense and defense in a challenging consumer backdrop.

On the other hand, Morgan Stanley downgraded Advanced Micro Devices to equal weight, citing overly high investor expectations. UBS upgraded Honeywell to neutral on valuation considerations. UBS reiterated Micron as a buy, raising its price target due to sector-wide re-rating and strong earnings potential. Wells Fargo reiterated Nike as overweight, despite lowering its price target. Raymond James upgraded Mohawk to a strong buy, citing undervaluation. Rosenblatt reiterated Arm as a buy, likening it to Nvidia as a top secular pick.

JPMorgan upgraded Lithia Motors to overweight following a significant de-rating. Melius downgraded Adobe to hold due to increasing competition. Citi reiterated General Motors as a buy, highlighting its EV story potential. Bank of America reiterated T-Mobile as a buy, pointing to its long runway for growth. Overall, these calls reflect the dynamic nature of the stock market and provide insights into potential investment opportunities for investors.

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