Here are Monday's biggest analyst calls of the day: Zoom, Peloton, Walmart, Amazon, Generac & more

Published Mon, Aug 30 20218:26 AM EDTUpdated Mon, Aug 30 20219:36 AM EDT

Here are the biggest calls on Wall Street on Monday: Deutsche Bank reiterates Micron as buy Deutsche Bank lowered its price target on the stock to $95 per share from $100 but says it sees a favorable risk/reward. "Our view is that increasing uncertainty around [Dynamic Random-Access Memory] prices in the near term will likely continue to pressure valuation multiples. For MU specifically, we lower our DRAM pricing assumptions, and we also lower our price target to $95 to reflect a more conservative target multiple. However, given the recent underperformance in share price, we still find the risk/reward favorable and hence maintain our Buy rating." Citi initiates Peloton as neutral Citi said in its initiation of coverage of Peloton that it has concerns about slowing growth if the coronavirus fades. " Peloton has an attractive business model and may have many years of growth ahead. But COVID may have caused an acceleration in growth. Street estimates have extrapolated recent strength for the next few years. We fear moderating growth is possible as COVID fades (and gym visits resume). We rate Peloton Neutral." Goldman Sachs initiates Weber as buy Goldman said in its initiation of coverage of the grilling company that the stock has an attractive valuation. "We are initiating on WEBR with a Buy rating as we see it as a solid growth story tied to the investing in the home theme with high brand awareness and global scale." Read more about this call here. Morgan Stanley reiterates Walmart as overweight Morgan Stanley says it's bullish on Walmart 's new delivery service GoLocal. "Delivery as a service makes sense. Few retailers can make money in this way. GoLocal can improve WMT 's own grocery delivery economics. Greater alternative revenue means more ammunition to feed the flywheel." Bank of America reiterates Generac as buy Bank of America says Hurricane Ida could serve as a catalyst for the battery backup company. "Upon submission of this note, Hurricane Ida was still bearing down on LA after making landfall around midday on Aug-29th as a powerful CAT 4 hurricane with 150mph winds. ... .Ida could serve as a positive catalyst for Generac Holdings in advance of other potential catalysts (storms, investor day, new solar product releases) over the next 30 days." RBC reiterates Zoom as outperform RBC said it sees a "solid" beat when the company reports earnings on Monday after the bell. "We like the setup heading into Zoom' s F2Q earnings and expect to see another beat and raise with more insight on the recently announced Five9 acquisition." Bank of America reiterates CrowdStrike as buy Bank of America said it's bullish heading into the cybersecurity company's earnings report Tuesday. " CrowdStrike is set to report 2Q22 results on August 31, 2021, and we expect another strong quarter. We recently published a note outlining the framework for continued beat of estimates: where we highlight that if the company reports ARR (annual recurring revenue) growth above 65% YoY, it would be able to beat revenue estimates by 4% or more." Stifel downgrades Dave & Buster's to hold from buy Stifel said in its downgrade of Dave & Buster' s that it's concerned visitation trends have slowed in recent weeks. "We believe the incremental buyer of the stock at this point will need to underwrite the company's long-term unit growth potential, which we struggle to argue is a compelling thesis." Read more about this call here. KeyBanc downgrades T-Mobile to sector weight from overweight KeyBanc said in its downgrade of the stock that the wireless company is "not immune" to rising competition. "For TMUS , we believe: 1) wireless competition is high, and TMUS market share gains are slowing; 2) consensus expects a beat and raise, whereas we are more conservative; and 3) TMUS wireless service revenue growth isn't materially better than peers." Baird downgrades Capital One to underperform from neutral Baird downgraded Capital One mainly on valuation. "Good news baked into COF, limited upside for ZION, cutting both to Underperform. We are downgrading COF to Underperform from Neutral after significant outperformance (up ~78%YTD vs. ~21% SPX) and a generally unattractive risk/reward trade-off, in our view." Read more about this call here. Wells Fargo initiates Levi's as overweight Wells said in its initiation of coverage of the denim company that it's one of the higher-quality brands in the firm's coverage. "We are initiating coverage of LEVI with an Overweight rating and a $31 PT as we view LEVI as one of the higher quality global brands in our space today. Our 2021 and 2022 EPS estimates are $1.34 and $1.40, respectively." Read more about this call here. Credit Suisse reiterates Amazon as outperform Credit Suisse said Amazon's partnership with Affirm Holdings will add value as the e-commerce giant works to become a leader in buy now, pay later. "We consider the announcement to be broadly positive for the BNPL (buy now pay later) industry as a whole, given this is the second 'stamp of approval' from a leading technology company in just a few weeks. For Amazon to add Affirm's BNPL offering, particularly given Amazon's already high levels of conversion on its US site (in part due to Prime membership, one-click checkout, stored payment credentials, etc.) suggests the category is perceived to add value." Argus downgrades Pinterest to hold from buy Argus downgraded the stock due to slowing growth. "Our downgrade follows the company's disappointing sales guidance. PINS management now expects 3Q21 revenue to grow in the 'low-40% range,' down from 58% growth in 3Q20. Management also expects less rapid sequential revenue growth than in prior quarters."

Aaron Jagdfeld, CEO, Generac

Scott Mlyn | CNBC

Here are the biggest calls on Wall Street on Monday: