Wall Street Updates for Monday
Piper Sandler has upgraded both Rivian and Mobileye, raising their ratings from neutral to overweight. They find both stocks appealing, noting Rivian’s “de-risked balance sheet” and optimistic demand outlook, while Mobileye is nearing a valuation floor.
In addition, Piper Sandler highlighted Williams-Sonoma as “best in class,” assigning it an Overweight rating with a price target of $253. The company maintains impressive EBIT margins, consistently outperforming in a sluggish home furnishings market.
JPMorgan has initiated coverage on Rhythm Pharmaceuticals with an Overweight rating, mentioning potential growth in the biotech firm’s stock. Their price target is set at $145 for December.
Citizen has launched Sonida Senior Living, praising its recent expansion as appealing to institutional investors. They issued a market outperform rating with a price target of $50.
Ross announced the creation of Aduro Clean Technologies through an acquisition, believing it has significant growth potential. They start with a Buy rating on the company and a price target of $30, emphasizing its technology that converts waste materials into higher-value products.
Phillip Capital upgraded Alphabet to an Acquire rating, expressing positive long-term outlook despite short-term earnings revisions. Meanwhile, JPMorgan placed an overweight rating on BWX Technologies, citing its competitive advantages with a price target of $230 for December 2027.
Piper Sandler initiated coverage on Arlo Technologies, noting it as underpenetrated in the market, with an Overweight rating and a price target of $17. JPMorgan believes Cadre Holdings is undervalued and rated it as Overweight, with a target of $40.
UBS upgraded Cameco to Neutral Buy after recent declines, suggesting that the drop was tied to market sentiment rather than fundamental changes. Goldman Sachs began coverage of Neutron Holdings, rating it as a buy with a 12-month price target of $39.
Goldman Sachs also initiated a Buy rating for Bending Spoons, predicting substantial growth potential with a target of $43. Morgan Stanley started coverage on Somni Group, emphasizing its competitive advantages, driven by industry consolidation and vertical integration.
Jefferies upgraded Ford to hold, mentioning that the stock is at a “margin trough.” They anticipate production normalization, considering the second quarter as potentially the lowest point.
Wolf remains optimistic about SpaceX, applauding the success of its recent Starship flight test. Meanwhile, UBS initiated ITG as a Buy, highlighting untapped growth in the digital connectivity market.
Bernstein reiterated support for NVIDIA, underlining the vast opportunities within the data center sector. Conversely, Barclays downgraded Anheuser-Busch InBev to equal weight, highlighting negative factors including new taxes expected in Brazil.
Wells Fargo began coverage of Health Pharma with an Overweight rating, citing substantial growth potential. Goldman Sachs reaffirmed its Buy rating for Apple, raising its price target ahead of the upcoming earnings report.
BMO upgraded Robert Half from Market Perform to Outperform following a stock price decline, while Deutsche Bank reiterated a Buy for Tesla, despite lowering its price target from $465 to $420.
Bank of America has acquired Clean Harbor, a hazardous waste management company, while Mizuho expressed confidence in Advanced Micro Devices due to its partnership with Cerebras, updating estimates for both entities.
Finally, Wells Fargo upgraded SiriusXM from Underweight to Equal Weight, acknowledging that previous concerns about satellite radio pressure were incorrect. Citi rated Security as Buy/High Risk, emphasizing its importance in the tokenization of real-world assets with a target price of $10.
