Here are the biggest calls on Wall Street Monday: Jefferies reiterates Nvidia as it buys Jefferies raised its price target on Nvidia to $150 per share from $135. “NVDA remains both king and kingmaker – for example, we still see growth for MRVL and ALAB alongside NVDA, but NVDA’s decisions on each generation could materially change this.” Citi reaffirms that Micron is one of its top picks. Citi raised its price target on the stock to $175 per share from $150 before Wednesday’s earnings release. “Our Top Pick Micron will report its third quarter 2024 results on June 26 after the market close and we expect the company to report better-than-consensus results and guidance given the recovery in DRAM and Micron’s growing exposure to AI memory.” Citi is upgrading Carrier to purchase it from a neutral supplier. Citi said transformation is underway for the heating and cooling company. “Ultimately, CARR remains a work in progress and we don’t expect ‘straight’ improvement, but the company is well managed and has a leading share in one of our favorite end markets, and we think there is still room for upside. UBS upgrades Anheuser-Busch InBev to buy from a neutral company. UBS said the drinks giant was at an inflection point. “Over the next 12 months, ABI is poised to achieve the ideal growth profile for consumer staples, which it has never achieved consistently since before 2008.” Goldman Sachs launches IBM buyout Goldman said IBM’s transformation was underway and the company was well positioned for the long term. “We believe IBM is on track to complete its transition to long-term growth, driven by an enhanced mix of infrastructure software assets focused on open source and AI offerings aimed at driving transformation of business activities. » Goldman Sachs notes the claim to buy from neutral. After a change in analyst coverage, the company upgraded the financial company to Buy. “We view AFRM as the leading provider of modern consumer credit solutions, with a diverse portfolio of products for point-of-sale financing and everyday spending.” Bank of America reiterates purchase of Broadcom Bank of America said the company has best-in-class attributes. “Reiterate Buy at Top, Raise PO to $2,150 from $2,000 on AVGO’s transformation into a growth of a value stock, driven by increasing contributions from AI and VMWare.” Morgan Stanley launches Ryder System while transportation company is overweight. Morgan Stanley said transformation was underway for the transportation company. “Ryder hasn’t gotten much credit for its transformation yet, but we may not have to wait very long, especially with the valuation cycle upon us.” Morgan Stanley names UnitedHealth among its top picks. Morgan Stanley said the healthcare company was compelling. “With this rating, we adjust our top pick to UNH (from CI), whose relative share price performance presents, in our view, an opportunity.” Morgan Stanley Launches Elevance Health as Overweight Morgan Stanley highlighted Elevance Health’s earnings power as it began covering the stock. “ELV’s managed care platform is expected to benefit from diversified earnings streams across multiple verticals of healthcare benefits, pharmaceutical solutions and provider offerings, supporting consistent +DD (double-digit) earnings growth. » Bernstein launches Cheniere Energy to outperform Bernstein said the energy company has a “chasm-sized moat.” “….we are beginning coverage of Cheniere Energy Inc (LNG) at Outperform, an LNG pure play and the largest US gas exporter and one of the largest gas exporters on Earth.” Citi is launching Ally Financial as part of the purchase. Citi said the bank holding company was well positioned. “We are launching on ALLY with a Buy rating and a TP of $50. Our central argument is for a soft landing, and we believe ALLY is the best way to play it in our universe due to of the potential for revaluation of fixed-rate assets combined with sensitive balance sheet risk. UBS reaffirms that Tesla is neutral. UBS said it was lowering its expectations ahead of the company’s delivery figures in a few weeks. “We forecast Tesla deliveries in 2Q24 at around 420,000, which would be -10% YoY but +9% q/q. » TD Cowen upgrades Planet Fitness to purchase from TD Corporation. TD said the fitness company had a “compelling catalyst pathway”. “We upgrade PLNT to Buy with a $92 price target and name it our best small-cap idea. PLNT is a quick turnaround play with a compelling catalyst path and upside valuation potential.” Barclays upgrades Synovus from equal weight to overweight. Barclays said it was bullish on the financial services company’s shares. “We are upgrading SNV from overweight to equal weight as we believe the work started last June to strengthen capital and earnings is largely complete.” Melius Reiterates Apple Buy Melius raised its price target on Apple from $227 to $260 per share. “We believe investors will continue to benefit from this earnings visibility until at least 2026.” Bank of America Reaffirms Amazon Buy Bank of America said it is maintaining its buy rating on Amazon after a report indicated the e-commerce giant may charge a fee for Alexa. “Reuters reports that Amazon is working to replace its current voice assistant with a two-tiered, AI-powered ‘Remarkable Alexa’ by August.” Citi launches Zeekr for shopping. Citi said it was bullish on the Chinese automaker’s shares. “Zeekr is positioned in the high-end intelligent BEV (battery electric vehicle) market and differentiates itself through strong technological expertise, internal R&D capabilities and an exceptional user experience.” Jefferies reiterates Eli Lilly as Jefferies raised its price target on the stock to $1,015 per share from $994. “We are bullish on LLY for several reasons: 1) LLY presents an attractive growth profile in a recessionary environment; 2) we are bullish on GLP1 and consider it one of the greatest drug classes of all time. » JPMorgan reiterates Royal Caribbean as overweight JPMorgan raised its price target on the stock to $175 per share from $173. “Based on our recent field work and access to management, we view RCL as best positioned to accelerate market share gains and continue to beat/expand opportunities through its product/destination offering improved and differentiated.”