Here are Monday's biggest analyst calls of the day: FedEx, Nvidia, World Wrestling, & more

Published Mon, Feb 10 20208:32 AM ESTUpdated Mon, Feb 10 20208:41 AM EST

Key Points

RBC raised its price target on Nvidia to $301 from $251.
UBS upgraded FedEx to buy from neutral.
Wells Fargo downgraded World Wrestling to underweight from overweight.
Goldman Sachs downgraded Canada Goose to neutral from buy.
Northcoast upgraded Lyft to buy from neutral.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Monday: RBC raised its price target on Nvidia to $301 from $251 RBC raised its price target on the stock ahead of the company's earnings report on Thursday due to strong gaming and data center markets. "We remain positive on NVDA and raise our estimates with the following key points: 1) our checks suggest both gaming and data center demand came in better than expected particularly when compared to Street estimates, 2) assuming the Company hits our new targets, NVDA would have a revenue run-rate similar to October of 2018 and yet the stock is $50 below its ~$300 peak with mix likely shifting to data center in Jan-qtr and 3) we think operating margins will improve to 40%+ by the time we're in the middle of 2020." Read more about this call here . UBS upgraded FedEx to 'buy' from 'neutral' UBS upgraded the stock to buy and said it saw a positive risk/reward due to low expectations among other things. "We upgrade FDX from Neutral to Buy as we believe that a combination of low expectations (both EPS and the stock) and a visible step toward improving the B2C cost structure of Express support a favorable outlook for the stock. Visibility to the timing of margin improvement is still somewhat limited but we believe that FDX has multiple potential levers for margin expansion in Express and also a backdrop of likely stabilization in Ground margin in F2021." Read more about this call here . Wells Fargo downgraded World Wrestling to 'underweight' from 'overweight' Wells Fargo said in its double downgrade of the stock that the company is in need of a CFO and that there have been "too many misfires" for the company. "There have been too many misfires at WWE for investors to take interest in the near future, in our opinion. To get back on its feet we believe the following needs to happen as a minimum: (1) rights agreements in India and MENA need to be consummated; (2) a new CFO appointed and then a process to gain credibility; (3) long-term guidance needs to be provided (which is conditional on #1 and #2); and (4) elevated investment spending needs to be better explained. It's thus a long path to being constructive, and there are still downside risks." Goldman Sachs downgraded Canada Goose to 'neutral' from 'buy' Goldman Sachs downgraded the company after its earnings report and said it had concerns about the effect of the coronavirus on the winter clothing manufacturer. " GOOS reported 3Q results that were in line with muted expectations, and the company cut guidance to account for expected Coronavirus disruption to Chinese consumer spending. While we assume the potential impact on GOOS of Coronavirus will be temporary, we do see incremental causes for concern at the business. In particular, the company noted slowing sales in the core Canadian market, where we now take a more guarded view on DTC growth and wholesale orders into FY21. In addition, new store openings have been a progressively smaller contributor to sales." Northcoast upgraded Lyft to 'buy' from 'neutral' Northcoast upgraded the ride sharing company and said it had more "confidence" in the company's competitive "dynamics." "We are upgrading shares of Lyft to BUY and establishing a price target of $60. Our upgrade is based on the following: (1) results out of Uber that provide us more confidence that competitive dynamics and unit economics of the "ride business" are sound, (2) our survey work suggesting share momentum by Lyft, and (3) an overarching view that a pure play network company like Lyft could be viewed as a strategic asset to AV developers."

A FedEx delivery truck is seen on August 07, 2019 in Fort Lauderdale, Florida.

Joe Raedle | Getty Images

(This story is for subscribers only.)

Here are the biggest calls on Wall Street on Monday:

RBC raised its price target on Nvidia to $301 from $251

RBC raised its price target on the stock ahead of the company's earnings report on Thursday due to strong gaming and data center markets.

"We remain positive on NVDA and raise our estimates with the following key points: 1) our checks suggest both gaming and data center demand came in better than expected particularly when compared to Street estimates, 2) assuming the Company hits our new targets, NVDA would have a revenue run-rate similar to October of 2018 and yet the stock is $50 below its ~$300 peak with mix likely shifting to data center in Jan-qtr and 3) we think operating margins will improve to 40%+ by the time we're in the middle of 2020."

UBS upgraded FedEx to 'buy' from 'neutral'

UBS upgraded the stock to buy and said it saw a positive risk/reward due to low expectations among other things.

"We upgrade FDX from Neutral to Buy as we believe that a combination of low expectations (both EPS and the stock) and a visible step toward improving the B2C cost structure of Express support a favorable outlook for the stock. Visibility to the timing of margin improvement is still somewhat limited but we believe that FDX has multiple potential levers for margin expansion in Express and also a backdrop of likely stabilization in Ground margin in F2021."