Wall Street Updates
On Monday, several notable updates emerged from Wall Street. JPMorgan reiterated its overweight rating on Nvidia, anticipating the stock to rise after its earnings report later this week. They noted that the stock’s price has been remarkably stable since the last earnings report, despite several positive developments in the background.
UBS upgraded BlackRock from neutral to buy, expressing confidence in its management and fee growth, particularly following stronger results in the fourth quarter. The CFO’s positive remarks at the UBS Financial conference also contributed to this optimistic outlook.
Additionally, UBS raised its rating on CBRE Group to buy from neutral, suggesting that investors consider buying the real estate company amidst the recent performance slump, which they attribute to negative narratives surrounding AI.
Evercore ISI maintained its view that Apple is performing well, emphasizing its impressive free cash flow generation. They mentioned that with increasing capital expenditures in data centers, there’s a greater focus on cash generation, making Apple an attractive asset.
Citi reiterated its position on Disney, maintaining a firm stance on its stock price, but highlighted the need for significant growth in the latter half of 2026 to meet expectations.
In another move, Bank of America reiterated Dell’s acquisition but lowered its price target from $150 to $135. They expressed concerns that impending memory challenges may overshadow an otherwise strong upcoming earnings announcement.
On the topic of General Mills, Bank of America downgraded the company from buy to neutral, noting that even as they work to improve volume, the potential for a turnaround seems to be pushed back further.
Jefferies also downgraded Deere from hold to underperform, suggesting that the stock has already priced in much of the good news, despite recognizing the company’s overall quality and innovations.
Goldman Sachs initiated coverage of Ethos Technologies, giving it a buy rating and a 12-month price target of $33, citing potential upside for the online life insurance firm.
Wells Fargo upgraded Alphabet, recognizing it as a leader in the AI sector, highlighting key aspects like customer data, distribution, and computing power.
Baird upgraded Henry Schein from neutral to outperform, citing positive catalysts ahead for the dental company, including expectations for solid results and positive projections for earnings growth in 2027-2028.
JPMorgan began coverage of York Space Systems with an overweight rating, indicating the company’s potential for growth in the satellite sector.
Citi also initiated coverage of PicPay with a buy rating, suggesting significant price upside ahead.
Meanwhile, Jefferies reiterated its positive outlook on Coreweave, mentioning its improvements in production capacity as a factor for confidence heading into earnings.
Bank of America added Lam Research to its US1 list of top ideas while removing Advanced Micro Devices from the same list. They also upgraded JM Smucker from neutral to buy, noting its favorable positioning after acquiring Hostess.
On the downside, Goldman Sachs downgraded Rio Tinto to neutral from buy, citing valuation concerns despite attractive growth strategies. Finally, Barclays began coverage on H20 America with an overweight rating, arguing that the stock is undervalued compared to its long-term earnings potential.
