(This is CNBC Pro’s live coverage of Monday’s analyst calls and chatter from Wall Street. Please refresh every 20 to 30 minutes to see the latest stories.) A bullish call on Apple and more optimism on Nvidia were among the biggest calls on Wall Street Monday. Loop Capital upgraded Apple to buy from hold and TD Cowen raised its price target on Nvidia to $165 per share. Morgan Stanley also named Nvidia a top pick. See the latest calls and chatter below. All times are ET. 8:17 a.m.: JPMorgan reiterates Zoetis as top pick in animal health JPMorgan says Zoetis can broaden its growth runway as U.S. adoption of canine osteoarthritis treatment Librela grows going forward. “(We) continue to see the company well-positioned to deliver sustained high-single-digit top-line growth/margin expansion,” analyst Chris Schott wrote Monday. The analyst reiterated an overweight rating on the pet drug stock with a $225 per share price target, as well as a top pick rating on the company. JPMorgan’s forecast implies an upside of nearly 26% from Friday’s close of $179.04. Zoetis shares are down 9% in 2024. “Between dermatology (Apoquel is not expected to be materially impacted by Zenrelia), parasiticides (Simparica Trio has room to grow), and ZTS’s next-gen pipeline (oncology, cardiology, and nephrology), we see an extended runway for growth,” the analyst said. – Brian Evans 7:37 a.m.: Taiwan Semiconductor’s rally still has plenty of room to run, according to Needham. Analyst Charles Shi reiterated a buy rating and raised his price target on Taiwan Semiconductor, which is already up 80% year-to-date. Shi said in a note to clients that the company is likely to beat expectations and raise its guidance in its upcoming earnings report. “We expect TSMC to raise its 2024 revenue growth outlook to ‘low to mid-20s’ to ‘mid to high 20s’ but maintain its 2024 capital investment target of $30 billion in its upcoming earnings call. … Capital efficiency has been a priority for TSMC, and all indications are that capital discipline will continue in 2025,” the note said. Shi raised his price target on Taiwan Semi to $210 per share from $168. The new target is 12% above where the stock closed Friday. One reason for the potential upside is that capital discipline could lead to more free cash flow and dividend increases, the note said. – Jesse Pound 7:27 a.m.: Susquehanna Downgrades Caesars Entertainment for Underinvestment Caesars Entertainment’s underinvestment is now too glaring to ignore, according to Susquehanna Financial Group. Analyst Joseph Stauff says Caesars has “outperformed” its properties over the past three years, making its assets now look increasingly inferior to rivals MGM and Penn Entertainment. The analyst downgraded the gambling stock to negative from neutral and cut his price target to $33 per share from $44. Stauff’s forecast implies a decline of nearly 18% from Friday’s close of $40 per share. “We view CZR’s portfolio as particularly disadvantaged relative to MGM given its lower-end customer base and lower-quality assets, particularly given investor concerns about weak demand from lower-end customers,” Stauff said. Caesars shares have fallen nearly 15% in 2024. — Brian Evans 6:43 a.m.: Evercore ISI pitches Datadog to outperform Monitoring and analytics software company Datadog could be poised for a breakout in the second half of the year, according to Evercore ISI. “After stagnating for two years, we believe DDOG has reached a point of maturity (and growth in valuation) to become a more consistent comp player over the next 12 to 24 months,” analyst Kirk Materne said. The analyst initiated coverage of Datadog on Monday with an outperform rating, along with a $150 per share price target. Materne’s forecast implies an upside of more than 17% from Friday’s close of $127.80. “Looking ahead 2 months and beyond, we believe the risk/reward is tilted to the upside based on the upside potential in estimates, the continued expansion of DDOG’s TAM (total addressable market), and optionality around its new AI offerings,” Materne said. 6:25 AM ET: Citi Downgrades Bank of New York Mellon Citi believes Bank of New York Mellon’s current valuation accurately reflects the company’s recent second-quarter earnings beat, making it difficult for the stock to find further upside. “(Management) has made good progress toward its medium-term goals, and we view the stock as fairly valued at 2.5x TBV (tangible book value),” analyst Keith Horowitz wrote Monday. The analyst downgraded the bank’s stock to “neutral” from “buy,” but maintained his $65 per share price target. Citi’s forecast implies an upside of less than 1% from Friday’s close of $64.69. 6:01 a.m.: Loop Capital upgrades Apple, predicts iPhone maker will become AI ‘base camp’ Apple’s upcoming AI suite and the resulting integration into future iPhones could help the stock surge more than 30%, according to Loop Capital. Analyst John Donovan posits that Apple’s current opportunity is “an opportunity in the next few years to cement itself as the ‘home base’ for consumer-generation AI, much as it did for social media 15 years ago (with the iPhone) and digital content consumption 20 years ago (with the iPod).” Donovan upgraded the iPhone maker to a “buy” from a “hold” rating on Monday and raised his price target from $180 to $300 per share. Apple closed at $230.54 a share on Friday and is up about 20% in 2024. “While we see everything around ‘generation AI’ as the primary driver, other contributing dynamics include the potential for a steep refresh cycle driven by Covid-amplified demand and a new ‘iPhone platform’ in 2025 with the iPhone 17,” Donovan said. — Brian Evans 5:45 a.m.: TD Cowen raises Nvidia price target, sees ‘sustained’ demand for Blackwell TD Cowen expects demand for Nvidia’s Blackwell and Hopper AI systems to remain robust and drive its stock higher. “One thing remains the same, NVIDIA’s fundamental strength,” analyst Matthew Ramsay said. “In fact, our checks continue to point to upside in data centers as demand for Hopper/Blackwell-based AI systems continues to outpace supply.” The analyst raised his price target on the AI darling from $140 to $165 per share and reiterated his buy rating. The company’s forecast calls for a roughly 28% upside from Friday’s close of $129.24. Nvidia is up 161% in 2024. “Overall, we see a product roadmap that signals a relentless pace of innovation across all aspects of the AI compute stack,” the analyst added. Ramsay also called for the company to beat Wall Street’s second-quarter estimates on Aug. 15 and for Nvidia to raise its outlook on strong data center demand. — Brian Evans