Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, U.S. Steel, Micron, Disney, Citi & more

Published Mon, May 6 20248:27 AM EDT

Here are the biggest calls on Wall Street on Monday: Morgan Stanley initiates EHang Holdings as overweight Morgan Stanley said it's bullish on shares of the Asia autonomous aerial vehicle company. "Initiate at OW: Mass delivery – the next check point: We are OW on EH on the back of its rapid growth potential, with a solid order pipeline and strong endorsement from local governments." Deutsche Bank reiterates Disney as buy Deutsche said it's bullish heading into earnings on Tuesday. "We are reiterating our Buy on Disney and raising our PT to $130, up from $125, driven by our higher estimates." Baird upgrades Micron to outperform from neutral Baird said it sees "meaningful opportunities ahead" for shares for Micron. "Upgrading to Outperform, Adding to Our List of Top Semi Ideas." Loop reiterates Amazon as buy Loop raised its price target on the stock to $225 per share from $215. "We are raising our PT to $225 on the same SOTP methodology as previous on higher estimates. Amazon remains our favorite of the mega-cap stocks in our coverage universe." Morgan Stanley downgrades Victoria's Secret to underweight from equal weight Morgan Stanley said it sees "underappreciated downside" for the lingerie company. "We downgrade VSCO to Underweight with a $15 price target (lowered from $19) – potential negative EPS revisions ahead, & screen under-appreciated." Citi downgrades Peloton to neutral from buy Citi said in its downgrade of the stock that it has "limited visibility." "Following Peloton's management changes and new $200M restructuring plan, we are downgrading shares of Peloton to Neutral/HR from Buy/HR [high risk]." Citi downgrades Comerica to neutral from buy Citi said in its downgrade of the bank that it sees limited loan growth. "Turning to CMA, from post-earnings conversations with in-state peers, we believe deposit mix shift trends are still elevated and 2024 loan growth is likely to be limited – ultimately pushing us to the sidelines for the time being." Wells Fargo reiterates Citi as overweight Wells called Citi a "dominant" number one pick. "We feel more confident that Citi will show higher revenues and lower expenses in '24, and that buybacks accelerate later 2024." Morgan Stanley upgrades Bausch & Lomb to overweight from equal weight Morgan Stanley said it sees topline growth upside for shares of the eye health products company. "Our work suggests BLCO's underlying EBITDA margin is performing considerably ahead of expectations." Morgan Stanley upgrades U.S. Steel to overweight from equal weight Morgan Stanley said in its upgrade of U.S. Steel that it likes the company's "transformational investments." "Moving to Overweight after recent pullback with a PT of $48/sh on the expected value creation from the company's transformational investments." Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating on Apple after analyzing the company's quarterly 10-Q report. "March Q Services growth was led by high-margin Advertising, App Store, and iCloud, clarifying the drivers behind record Services gross margins." UBS downgrades Johnson Controls to neutral from buy UBS said it sees a lack of positive catalysts for the multinational conglomerate. "We are downgrading JCI to Neutral as we see a difficult path to FY24 guide and JCI growth continuing to lag peers." Morgan Stanley upgrades Silicon Motion to overweight from equal weight Morgan Stanley said in its upgrade of Silicon Motion that it sees plenty of upside for the storage device company. "Ample business tailwinds excite us, including larger backlog and margin expansion, along with potentially more business upside from the AI era." Barclays reiterates Coinbase as underweight Barclays raised its price target on the stock to $204 per share from $179 but says it's sticking with its underweight rating. " COIN: Raising PT to $204. 1Q24 results were quite strong, and while transaction activity appears slower in April vs. Q1, it was trending ahead of our expectations." Morgan Stanley upgrades Melco Resorts to overweight from equal weight Morgan Stanley said it sees an attractive risk/reward for the Asia gambling company. "MLCO gained market share consecutively in March and April, which we attribute to recent changes in management and promotion initiatives." MoffettNathanson initiates Flutter as buy Moffett called the sports betting company "unique." "Following Flutter's recent U.S. listing, we see a unique opportunity to invest in the leading global online sports betting (OSB) and iGaming company with, most importantly, the #1 position in the U.S., the fastest growing and largest market in the world. Melius reiterates Nvidia as buy Melius said it's sticking with its buy rating on shares of Nvidia. "While winners like Nvidia and Broadcom are obvious - increased Capex at the big cloud should benefit AMD as ... Microsoft and Meta place orders for inferencing workloads in particular." Evercore ISI upgrades Sensata to outperform from in line Evercore raised its price target on the stock to $60 per share from $44 and says there are "multiple ways to win" for the sensor and control solutions company. "We are upgrading ST to OP and adjusting our target to $60 given our view that the company is on a path to better and more consistent execution that should help unlock multiple expansion over the next few years." JPMorgan initiates PACS Group as overweight JPMorgan said the nursing care facilities company has an "impressive operational track record." "We are initiating on PACS Group (PACS) with an Overweight rating and YE24 $27 price target." Seaport upgrades Wolverine Worldwide to buy from neutral Seaport upgraded the footwear company ahead of earnings later this week. "We are upgrading WWW from Neutral to Buy and establishing a $15 price target." Bank of America upgrades Santander Brasil to buy from neutral Bank of America said in its upgrade of the Brazilian bank that it sees a "significant earnings recovery underway." "We upgrade Santander Brasil to Buy following our upgrade to Neutral in mid-February (Upgrade to Neutral, 15 February 2024), as 1Q results provided further evidence of the significant earnings recovery underway."