(This is CNBC Pro’s live coverage of Monday’s Analyst Call and Wall Street Chat. Refresh every 20 to 30 minutes to see the latest posts.) Companies were demanding more profits from Nvidia and upgrades to the beverage giant’s products. snack maker. HSBC raised its price target on Nvidia to $1,050, implying a nearly 20% upside for the chipmaker. Elsewhere, Morgan Stanley upgraded PepsiCo to overweight, noting that previous headwinds have now subsided. Check out the latest calls and chats below. Always Eastern Time. 6:26 a.m.: Goldman Sachs lowers Tesla price target by 1 as Tesla faces major production and market headwinds. The price was lowered from $220 to $190 per share. Analyst Mark said: “While we continue to believe that Tesla is well-positioned for long-term growth given its strong position in the EV and clean energy markets, short-term EV market conditions are We believe that the weakening of the market is weighing on profits.” Delaney maintained a neutral rating in a note Sunday. The updated price target reflects an approximately 16% upside from Friday’s closing price. The company has faced small factory closures, increased competition in China and weak demand for electric vehicles, and its stock has already fallen 34% this year. Delaney also expects Model 3 sales to slow in the United States. He also noted that data suggests first-quarter sales and deliveries were lower than expected and that sales are also slowing. Shares rose 3% before the bell. — Samantha Subin 6:05 a.m.: Raymond James downgrades New York Community Bancorp to below-performing level It’s time to sell New York Community Bancorp’s stock, according to Raymond James That’s what it means. “We downgrade NYCB stock from Market Perform to Underperform and believe that credit costs could hurt earnings for years to come as the bank’s incremental disclosures in its 10-K suggest several years of deteriorating performance. We set a fair value estimate of $3, reflecting our view that the company’s market share is high. Earnings will be needed to support the balance sheet remix,” said analyst Steve Moss. I wrote this in my Monday memo. The estimated fair value of $3 means he is down 23% from Friday’s closing price. Already this year, the company’s stock price has fallen by about % decline. 2024 NYCB YTD Mountain NYCB New York Community Bancorp Announces $1 Billion Capital Raise While Moss said the company’s $7 billion interest-only exposure to rent-regulated multifamily housing is “aggressively It was pointed out that this suggests that the “We believe this will result in an expensive solution. [pre-provision net revenue]given the new management’s stated intention to significantly reduce [commercial real estate] “Furthermore, the recent disclosures have had an adverse impact on NYCB’s deposit base, which is likely to reduce the bank’s profitability.” – Samantha Subin 5:50 a.m.: Bank of America, Taiwan Bank of America raises semiconductor target price, calls company ‘major enabler of AI’, says Taiwan Semiconductor has established itself as a ‘major enabler of AI with long-term leadership’ As a result, we have raised the target price for Taiwan Semiconductor’s stock. “We expect demand for structural advanced nodes to further strengthen, supported by strength in AI, computing power, power consumption, and savings demands,” analyst Brad Lin wrote in a note Monday. There is. The price increase reflects an increase of about 14% from Friday’s closing price. It’s up more than 31% this year, and Bell Lee also sees potential for an upside as Intel outsources central processing unit tiles to Taiwan Semiconductor, from 3% in 2024 to 3% in 2025. It is predicted that this will increase to 6%. This “should bode well for TSMC’s industry leadership,” he said, adding that it highlighted its advantages in power, performance, area and cost. —Samantha Subin 5:43 a.m.: Morgan Stanley Upgrades PepsiCo According to his Morgan Stanley, it’s time to buy PepsiCo stock. Analyst Dara Mohsenian upgraded the beverage and snack giant from equal weight to overweight, calling it a top pick. Her $190 price target indicates her 15.4% upside over the next 12 months. The stock price rose about 2% premarket following the rating change. PEP YTD Mountain PEP Year-to-date “After his EPS in Q2 2023, we will own Pepsi stock. [equal weight] … We are concerned about perfect valuation estimates and the emphasis on consensus/PEP guidance. [organic sales growth] We saw an unrealistic amount of rebound as prices disappeared and were clearly too high. Both of these issues have now been resolved, with PEP fundamentally bottoming out in the first quarter and returning to a level above consensus and peer OSG due to excessive valuation compression in PEP, followed by a strong second half. We will be active buyers here before the crisis hits. ” Fred Imbert 5:43 a.m.: HSBC raises Nvidia price target ahead of GTC conference, while S&P 500 rises more than 7% to record level Nvidia’s AI status as chip giant “We are encouraged by Nvidia’s AI product roadmap, which is focused on moving beyond the GPU and owning the entire value chain,” wrote analyst Frank Lee, adding that the company’s The GB200 AI platform added: Against this backdrop, analyst Frank Lee raised his price target for the company to $1,050 per share from $880, reflecting a nearly 20% increase from Friday’s closing price. Shares were up about 2% before the bell. NVDA YTD Mountain NVDA Year-to-date Lee’s price increase comes as NVIDIA prepares for its GTC conference, where the chip darling will be offering a number of AI products, including the latest graphics processing units. It is expected that an update will be announced. The company’s stock is already up 77% in 2024. Indeed, Lee anticipates a transition period for the company that could cause uncertainty when moving from the previous generation H100 GPU to the B100 model. This could tighten capacity to some extent and prevent Nvidia from exceeding expectations over the next few quarters. “Next year is a different story, though,” he wrote, adding that AI GPU revenue could reach $4.4 billion by fiscal year 2026. “We see Nvidia widening its lead again with his B100 and GB200 AI roadmaps.” — Samantha Subin
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