Here are Wall Street’s biggest calls on Monday: UBS reiterates buy of Nvidia UBS said it will hold on to Nvidia shares when it reports earnings later this month. “After a series of customer discussions and additional supply chain work, we have made slight adjustments to our model, but our PT remains at $150.” Morgan Stanley reiterates its overweight position in Disney. The company said it is bullish on Disney’s experience unit . “We believe the experience expansion is noteworthy given its long-term high and rising return on invested capital. … Last fall, Disney revealed plans to double capital spending on its experience assets over the next decade. We now see It has plans for Parks of America and Disney. RBC Launches Ardent Health Outperform RBC says the behavioral health company has differentiated platform “We initiate coverage on Ardent Health Partners, Inc. (NYSE: ARDT) with an Outperform rating. The price target is $23. Wolf downgraded Qualcomm to peer perform from outperform. Wolf said Apple’s use of internal modems ultimately had an impact on Qualcomm. “With the belief that AAPL’s internal modems will ultimately have an impact, premium Android Now normalized, and IoT growth (a likely focus of Qualcomm’s November analyst day) may be a harder sell, so downgrading QCOM from OP to Peer Perform Wedbush reiterates Apple outperform Wedbush says bullish on coming. “With Wall Street and the broader tech industry anticipating Apple’s AI-powered iPhone 16 launch in September, our latest Asia checks this week give us more confidence that this upgrade cycle will kick off next year. Cupertino’s long-awaited growth renaissance.” Jefferies upgrades Par Technology to buy from hold Jefferies says it’s bullish on shares of “pure-play” restaurant technology platforms. “PAR has made significant progress toward delivering durable, profitable growth.” Evercore ISI adds positive tactical rating on Walmart Evercore said it is optimistic about earnings later this week. “A steady ship provides a port in the storm of consumer volatility. We are launching an aggressive tactical trading call, or TAP, ahead of earnings on August 15 as we see Q2 comparisons and EPS in line with Wall Street, We believe Walmart can maintain its full annual sales/earnings guidance. HSBC launches acquisition of GE Vernova. The company said it is bullish on the energy company’s stock. “GE Vernova (GEV) is a leading provider of power generation and transmission/distribution equipment and services. We believe the company will benefit from long-term tailwinds in the energy sector. Piper Sandler upgraded Robinhood to Overweight from Neutral in 2019, while owning a high-quality and diversified portfolio. Brand risk appears to be better than feared, and the company has more of a solid history. We’re initiating coverage on TWFG with a market cap of $1.06 billion, with an Overweight rating and a $27/share price target. Businesses are considered customers, and Blend’s current market share means the company will be a significant beneficiary of growth in mortgage volume. “Mizuho reiterates Micron Technology’s outperformance. The company lowered its price target on the stock to $145 per share from $155, but said it will hold on to the stock. “Maintaining outperformance on MU, STX, and WDC while raising MU estimates , lowering PT to $145 from $155, lower market P/E amid recent AI pullback Goldman Sachs launches bid for Conagra Goldman says the food company is in the best position. “We believe CAG is a well-positioned frozen and snack portfolio that aligns with current convenience and consumer trends, while the private label risk appears to be better than feared.” Morgan Stanley ranks Cummins as top pick Morgan Stanley said , this machinery company is the first choice. “Moving CMI to ‘Preferred’ and reaffirming overweight is the preferred way to play the data center theme in the machinery space.” Wells Fargo reiterates Starbucks overweight Wells Fargo said it was positive that the coffee giant continued to attract activist investors. “According to reports on Friday, Starboard is working with Elliott to pursue a revitalization of SBUX. Details are sparse, but this isn’t Starboard’s first restaurant rodeo, adding more credibility to the ‘activist team’ and incorporating operational improvements.” Range. Bank of America upgrades Liberty Global to Neutral from Underperform Bank of America said the media stock’s valuation looks more positive “Liberty announced five strategic moves to unlock its stock price during its February YE results. Value. Wells Fargo upgraded Prudential Insurance and Allstate to equal weight from underweight. In its upgrades on the two insurance stocks, Wells Fargo said it was taking a “more defensive view.” In the rearview mirror. PRU has a strong capital base, continued momentum in key businesses and alternative capital leverage. share. Bank of America upgraded Churchill Downs to neutral buy Bank of America said it is optimistic about the racing company’s growth pipeline. We are raising shares of Churchill Downs (ticker: CHDN) to Buy from Neutral and increasing our purchase order to $155 from $145 (based on 13x 2025 EBITDA). Like COHR’s selection of new CEO Jim Anderson, an industry veteran who was praised for his previous turnaround at Lattice Semi. The outlook for developers is improving, “We see an improvement in the outlook for mobile games and are more confident in GTA 6’s revenue guidance. [Grand Theft Auto] The launch date is getting closer, with management confirmation and a solid launch pipeline.
