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Here are Monday’s biggest calls on Wall Street: Goldman Sachs initiates eToro as buy Goldman said the financial services company has a differentiated offering. “We see ETOR as an attractive market share gain story in the fragmented European retail brokerage market, driven by a differentiated offering vs. peers, in terms of: 1) its geographic and product breadth (a pan-European client base that can trade global unlevered and levered equities, currencies, commodities, and crypto); 2) a tech-enabled offering…” Morgan Stanley downgrades Lululemon to equal weight from overweight Morgan Stanley downgraded the stock citing a slew of negative data points. “We’re downgrading LULU to Equal-weight on lesser confidence in positive Americas comp inflection, the inability for the stock to work until this KPI [key performance indicators] shows consistent improvement, fair-to-high M-T [medium term] Street estimates, & reasonable valuation for that set-up.” Goldman Sachs downgrades Conagra to sell from neutral and General Mills to neutral from buy Goldman said it sees limited upside and growth headwinds for both food product stocks. “As a result, we downgrade GIS to Neutral from Buy with an updated 12-month price target of $58, downgrade CAG to Sell from Neutral with a 12-month price target of $21, and reiterate our Sell rating on KHC with an updated 12-month price target of $25.” Morgan Stanley initiates Centene as overweight The firm said the Medicaid overhang is already in for stocks like healthcare company Centene. “While varying permutations of policy headwinds are looming across Medicaid, we view the overhang as disproportionately reflected in CNC /MOH at trough valuations.” Baird downgrades Tesla to neutral from outperform Baird said it sees too many negative catalysts. ” TSLA’s strong performance following a fundamentally poor quarter (up 24%, S & P 500 up 13%) has been partly a product of anticipation for the June launch of both a more affordable vehicle and robotaxi service. We believe Musk’s comments regarding the robotaxi ramp rate are a bit too optimistic, and we believe this excitement has been priced into shares.” Read more. UBS reiterates Apple as neutral UBS said its survey checks show that iPhone intent softened in the U.S. and China for Apple. “12-month global iPhone purchase intent in the US fell a point to 17%, the lowest reading in 5 years while intent in China fell to 16% from 22% a year ago. Japan was the only region that saw an uptick in purchase intent YoY to 13% from 11% as Germany was flat at 10% and the UK dropped a point to 13%.” Citi reiterates Micron as buy Citi said it’s sticking with the stock ahead of earnings later this month. “We raise estimates and price target from $110 to $130 and our new F26 EPS estimate is 16% above Consensus. We reiterate our Buy rating on Micron .” Morgan Stanley downgrades McDonald’s to equal weight from overweight Morgan Stanley downgraded the stock mainly on valuation. ” MCD is a top quality business but hasn’t been, and probably will not be, insulated from some structural pressures on fast food. We see the stock closer to fair value and move to EW.” Read more. Piper Sandler initiates Crescent Energy as overweight Piper said the energy company is well positioned. “We initiate coverage of CRGY with an Overweight rating and $14 PT.” Citi downgrades Interactive Brokers to neutral from buy Citi said it sees a more balanced risk/reward outlook for the electronic broker. “We continue to like the long-term fundamental growth story given IBKR’s bestin- class account growth, geographical diversity, pristine balance sheet, and healthy profitability. But at current levels, we prefer to wait for a more attractive entry point and are downgrading to Neutral.” Redburn Atlantic Equities downgrades Robinhood to sell from neutral The firm said it’s taking a more cautious view on the stock and downgrading on valuation. ” Robinhood (downgrade to Sell) and eToro reflect a cautious view around revenue durability and valuation.” Redburn Atlantic Equities upgrades LPL Financial to buy from neutral Redburn said the stock is compelling at current levels. ” LPL (upgrade to Buy) is positioned in fast-growing independent channels and has an attractive valuation.” Goldman Sachs downgrades Mobileye to neutral from buy Goldman downgraded the stock on valuation. “We’re lowering our rating on Mobileye (MBLY) shares to Neutral from Buy to better reflect the competitive landscape, risk to Street estimates in 2026/2027, and what we consider to be full valuation (with the stock trading near our unchanged $17 price target).” Jefferies upgrades Quaker Houghton to buy from hold Jefferies called the chemicals company “good quality-at-a-reasonable-price candidate.” “Solid margins and ROCE [return on capital employed] above 2019 levels despite soft end-markets, a ~64% cut in EV/EBITDA [enterprise value] over 4 years leading to share prices last seen when EPS < $5, and a 7% FCF yield mark KWR as a good quality-at-a-reasonable-price candidate.” Cantor Fitzgerald reiterates Nvidia as overweight Cantor said the remains a top pick heading into Nvidia’s Global Tech Conference in Paris this week. “While the event will naturally hit on current AI trends across hyperscalers, sovereigns, and enterprise, we would expect incremental news flow to be centered around Industrial AI.” UBS upgrades ABM Industries to buy from neutral UBS said demand is improving for the facilities management company. “We are upgrading ABM to Buy with a $54 price target.” Mizuho names Walmart a top pick Mizuho raised its price target on the stock to $115 per share from $105. “The multi-year rebuild into a much more tech-led player is working, with a focus on speed of delivery and further volume gains ahead. WMT is on pace to deliver annual U.S. eCommerce revenues in excess of $100B or closing in on ~10% of all domestic online sales – making it second-largest only to Amazon” Williams Trading upgrades Steven Madden to buy from hold Jones said shoe trends are looking better. “Upgrading SHOO from Hold to Buy following meetings at FFANY (The New York shoe show). Trends, especially in women’s dress shoes and western boots are starting to move Steve Madden’s way.” Morgan Stanley reiterates AppLovin as overweight Morgan Stanley raised its price target on the stock to $460 per share from $420. “We are bullish on APP’s plan to sell its apps segment, which we expect would enhance shareholder value and be neutral to future earnings.” Barclays initiates Ryder Systems as overweight Barclays said the transport company is well positioned. ” Ryder appears to be executing on a revised operating strategy emphasizing transportation services, with a large, flexible asset base that should position the company favorably in a potential upcycle. We initiate with an Overweight rating and $190 price target.” D.A. Davidson upgrades Fifth Third to buy from neutral D.A. said in its upgrade of Fifth Third that the regional bank is “high quality.” “Business sentiment is improving; it could lead to better loan growth than forecast.”
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