Here are the biggest analyst calls of the day: Boeing, Apple, Amazon, eBay & more

Published Mon, Oct 21 20199:00 AM EDTUpdated Mon, Oct 21 20199:08 AM EDT

Key Points

Credit Suisse is downgrading Boeing to neutral from outperform.
UBS is downgrading IBM to neutral from buy.
RBC is upgrading Pinterest to outperform from sector perform.
J.P. Morgan is initiating Peloton as overweight.
Bank of America is lowering its price target on Amazon to $2,250 from $2,350.
Bank of America is upgrading Hewlett-Packard Enterprise to buy from underperform.
Deutsche Bank is downgrading eBay to hold from buy.
Raymond James is raising its price target on Apple to $280 from $250.

Here are the biggest calls on Wall Street on Monday: Credit Suisse downgraded Boeing to 'neutral' from 'outperform' Credit Suisse downgraded the stock on further worries surrounding the 737 Max. "If RTS is further delayed and production is cut/stopped, BA could be forced to furlough or fire a portion of its MAX workforce. This could result in lost labor force productivity when/if the MAX does return to service. We have seen the consequences of such events in shipbuilding: it can be ugly. We also note that much of the MAX workforce is unionized, and any harm could become a residual factor in future union negotiations." Read more about this call here . UBS downgraded IBM to 'neutral' from 'buy' UBS said it thinks it will be difficult for IBM to achieve sustainable mid-single digit revenue growth. "We are downgrading our rating on the shares of IBM from Buy to Neutral because we believe it will be difficult for the company to achieve sustainable mid-single digit revenue growth. We lower our 2020 EPS estimate ~2% to $13.50 from $13.80 (mainly due to lower revenue growth 3% vs prior 4.3%) and our PT to $140 from $170." RBC upgraded Pinterest to 'outperform' from 'sector perform' RBC upgraded the stock based on strong user trends and prospects for the hobby-sharing website operator to ramp up monetization. "Upgrading PINS to Outperform w/ $35 PT based on 5 factors: 1) Lockup expiration as a catalyst; 2) Strong user trends; 3) Evidence of innovation in the PINS ads platform; 4) Room to ramp monetization; & 5) Attractive risk-reward." J.P. Morgan initiated Peloton as 'overweight' J.P. Morgan said that the company is well-positioned to disrupt the fitness industry. " Peloton is the largest interactive fitness platform in the world, with 1.4M+ members across the US, UK, & Canada. We believe Peloton is well positioned to disrupt the fitness industry through its at-home connected fitness subscription platform, which in our view fundamentally improves the fitness experience through convenience and cost. Peloton rapidly scaled from $84M of revenue in FY16 to $915M in FY19, and we believe there is significant runway for growth as Peloton transitions from a largely US bike business into a global fitness platform." Bank of America lowered its price target on Amazon to $2,250 from $2,350 Bank of America said in its earnings preview note that it expects retail revenue acceleration and likes Amazon stock in to 2020. "We think upside opportunity for stock is Online store and advertising revenue upside driven by the Free One-Day delivery ramp, while risks include decelerating 3Q AWS growth (Street at 37%, and we think 34-35% more reasonable as Fortnite headwinds continue), and a lower-than-Street 4Q operating income guide." Bank of America upgraded Hewlett-Packard Enterprise to 'buy' from 'underperform' Bank of America pointed to attractive cash flow and management focus on stable growth, among other factors in its double upgrade of Hewlett-Packard Enterprise . "Our upgrade is based on: 1) Free Cash Flow improving with fewer 1-time items, 2) management's focus on stable growth and stability of earnings, 3) continued strong capital returns (50-75% of annual FCF), 4) less revenue tied to Tier-1 server sales (less services attached, lower margin)." Deutsche Bank downgraded eBay to 'hold' from 'buy' Following a transfer of coverage of the stock, Deutsche said the company is still looking for its "identity and differentiation." "We are assuming coverage of eBay with a Hold; prior to the transfer of coverage, we had a Buy rating on the shares. We recognize the power that comes with being the third largest global marketplace with over 180M active buyers in 190 markets, 1.3B live listings, and 476M app downloads. And yet, gross merchandise volume growth has been anemic even as eCommerce has been growing double digits, the structured data initiative has generated only modest results and is exposed to only a limited fraction of the traffic, the "Colors" branding campaign did not deliver and was discontinued." Raymond James raised its price target on Apple to $280 from $250 The firm raised its price target on Apple citing more favorable data on sales of the iPhone 11. "We are now getting our estimates in line with the more favorable near term checks for the iPhone 11 cycle, which have now been echoed by others. Our longer thesis regarding our optimism for the 2020/21 5G cycle (which caused us to upgrade the stock in July) remains unchanged. But the more stable near term conditions coupled with the launch of a new SE model in early 2020 create a bridge to the 5G cycle, which we believe will continue to squeeze the stock higher." Read more about this call here .

Boeing Chief Executive Dennis Muilenburg, makes an introduction during the annual shareholders meeting on April 29, 2019 in Chicago, Illinois.

Jim Young | Pool | Getty Images

Here are the biggest calls on Wall Street on Monday: