Here are Monday's biggest analyst calls of the day: Tesla, Walmart, Microsoft, FireEye & more

Published Mon, Dec 21 20208:13 AM EST

Key Points

Compass Point downgraded Callaway Golf to neutral from buy.
Citi named Dell a top pick.
RBC upgraded Walmart to outperform from sector perform.
Citi upgraded Microsoft to buy from neutral.
Wedbush raised its price target on Tesla to $715 from $560.
Truist downgraded FireEye to hold from buy.
Oppenheimer downgraded Redfin to perform from outperform.
Loop raised its price target on Etsy to $210 from $165.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Monday: Compass Point downgraded Callaway Golf to neutral from buy Compass Point downgraded the golf company mainly on valuation. " Callaway Golf is on an operaonal roll with tremendous momentum in the core golf business despite the COVID-19 crisis. ... .We are transitioning our estimates to include Topgolf as we are now convinced the merger will be approved." Citi named Dell a top pick and added to the focus list Citi said in its upgrade of the multinational computer technology company that it sees "consumer strength stronger and longer" in 2021. "DELL added to the US Focus List as PC strength continues near term followed by enterprise strength in 2H with the added bonus of strategic corporate action of likely tax-free VMW spin out and special dividend after September. On current prices, core Dell stock trades at a –30% discount to peers." RBC upgraded Walmart to outperform from sector perform RBC said in its upgrade of the stock that it thinks the retail giant is "best positioned" to handle a variety of economic outcomes. "Given its size, rapidly growing e-comm platform and consumer value proposition, we believe WMT is one of the best positioned stocks in our universe to handle the myriad of possible outcomes in 2021. Improved/more consistent US EBIT performance and the potential value unlock from its international operations will likely generate additional multiple expansion." Citi upgraded Microsoft to buy from neutral Citi said in its upgrade of the stock that it sees "strength" and "outperformance" in 2021. "Also, while MSFT is not in the top quartile of growth, we note that when we compare MSFT to these peers in software, the company's growth has keep pace with this group vs. a year ago, while MSFT's multiple has lagged. On higher estimates and based on sector FCFF valuation regression, we raise our PT to $272 from $229." Wedbush raised its price target on Tesla to $715 from $560 Wedbush raised its price target on the stock and said Tesla is on a "strong growth" trajectory. "We believe Tesla is tracking to another strong month of December in China which could be the tipping point to get Musk & Co. to hit/exceed its 500k annual delivery target, an achievement not even on the map for the Street going back to the late spring/summer timeframe. For 2021, we are currently modeling 710k annual deliveries which would represent 40%+ growth and put Tesla on a strong growth trajectory into 2022." Truist downgraded FireEye to hold from buy Truist said in its downgrade of the cybersecurity company that it believes "expectations have outpaced the underlying business." "Two weeks ago FEYE announced that they were victims of a sophisticated cyber-attack. In a bull case scenario, such a breach could give them unique insight into the attacker's methods. However, we do not believe that this is likely to be a driver of improved growth for the Company in our base-case. We move to the sidelines with a Hold rating as we believe expectations have outpaced the underlying business. Oppenheimer downgraded Redfin to perform from outperform Oppenheimer downgraded the online real estate brokerage and said it was still bullish on the stock but that the market has gotten "overly optimistic" relative to the company's competitor's like Zillow. "Tailwinds from the pandemic have driven online home buying demand, along with historically low interest rates, providing iBuyer with an opportunity to vastly improve economics through increased scale. Though we are bullish on the iBuyer opportunity, we are downgrading RDFN to Perform from Outperform and removing our price target, as we believe the market has gotten overly optimistic in valuing RDFN's iBuyer opportunity relative to peers OPEN and Z." Loop raised its price target on Etsy to $210 from $165 Loop raised its price target on the stock a Street high and said it sees "longer-term revenue growth" as more consumers move to e-commerce. "We're adding approximately $22 million to revenues this year and $53 million to 2021. We believe the migration to e-commerce in general and to the Etsy platform will accelerate longer-term revenue growth, and this long-term growth acceleration drives our PT change today, as we value the stock on discounted net operating profit after tax."

A shopper who refused to wear a mask is seen leaving a Walmart store in Bradford, Pennsylvania, U.S. July 20, 2020.

Brendan McDermid | Reuters

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Monday: