Here are Monday's biggest analyst calls of the day: Apple, Target, Tesla, Disney, Facebook & more

Published Mon, Oct 11 20218:36 AM EDT

Here are the biggest calls on Wall Street on Monday: Morgan Stanley initiates SoFi as overweight Morgan Stanley said in its initiation of the online personal finance company that it has a "robust digital offering." "Initating on SoFi, a powerful revenue growth story as it ramps share of the consumer financial services wallet. Competition is rising among challenger FinTechs for Gen Y & Z, but SOFI has a leg up given its roots in the hardest part of consumer finance, lending, along with a robust digital offering." Read more about this call here. Credit Suisse raises price target on Netflix to $740 from $643 Credit Suisse raised its price target on Netflix and says it likes the setup heading into the company's earnings report next week. "While we acknowledge the set-up into earnings is heady, a 3Q miss seems off the table, the 4Q slate is terrific, and [management] commentary is likely to be quite optimistic with Squid Game the latest evidence proving out its international content strategy." Read more about this call here. MoffettNathanson reiterates Facebook as buy MoffettNathanson kept its buy rating on the social media giant and says the stock is well positioned. "Given structural tailwinds fueling the online advertising ecosystem, we believe Facebook is well positioned to grow earnings into the future." Berenberg upgrades Eli Lilly to buy from hold Berenberg said in its upgrade of the stock that investors should buy the dip. "A confluence of catalysts, superior growth and superior returns on R & D investment, compounded by the recent pull back in the stock, prompts us to revisit the investment thesis. Our EPS forecasts lie 5-10% ahead of consensus from 2023 onwards. We upgrade Lilly to Buy, and raise our price target to [$270]." KeyBanc reiterates Peloton as overweight KeyBanc kept its overweight rating on shares of Peloton but lowered its price target to $155 from $185 and says investors should buy the dip. "While we acknowledge [near-term] concerns about reopening and Tread, we think recent weakness presents a compelling [long-term] entry opportunity." Goldman Sachs downgrades ConocoPhillips to neutral from buy Goldman downgraded shares of ConocoPhillips due to outperformance but said the stock is still "well positioned in an oil recovery." "We downgrade ConocoPhillips from Buy to Neutral after outperformance since we reinstated with a Buy rating in February 2021. Since implementing our rating on February 3, 2021, COP is +73% vs. the S & P +15% and the XLE +36%, with the spread driven by the oil price rally, solid earnings execution, reduced federal lands risk and value creation from recent M & A, including Concho. Read more about this call here. Bank of America reiterates Disney as buy Bank of America kept its buy rating on the entertainment giant and says it sees "reaccelerating" Disney+ subscriber additions. " DIS remains well positioned for the recovery driven by a robust advertising market, the continued increase in capacity at theme parks and a robust content slate over the next 12-18 months." Deutsche Bank adds a catalyst buy on Astra Deutsche added a catalyst call buy idea on shares of the space vehicle company and says it sees a compelling risk/reward. "We are adding Astra to our short-term Catalyst Call Buy List, as we believe the pullback in the stock offers compelling risk/reward over the next few weeks as there could be 2-3 potentially positive events that occur. In our view, Astra could provide details about its prior unsuccessful launch and subsequently confirm the date of its next mission in the coming weeks; these developments should both lift the stock." Oppenheimer downgrades Albertsons to perform from outperform Oppenheimer downgraded Albertsons mainly on valuation. "Following the meaningful outperformance YTD (ACI +59% vs. S & P 500 +17%), we believe the upside case is now reflected in shares. At current valuation parameters on an absolute P/E basis on our FY22 forecasts, shares trade at a roughly 10% premium to KR." Deutsche Bank upgrades Starbucks to buy from hold Deutsche said in its upgrade of the coffee giant that it sees an attractive entry point. "We are upgrading shares of SBUX to Buy, from Hold, with an unchanged price target of $127, which we note represents ~14% upside from current levels. While there are certainly reasons to 'fret' here with SBUX, and we are worried about a couple of things ourselves, we have what we believe to be a reasonable degree of confidence that one can start to 'leg in' here and ultimately be rewarded for taking the risk." Read more about this call here . Cowen reiterates Facebook as outperform Cowen said in a note to clients Monday that it's bullish heading into Facebook's earnings report later this month. "We see three core catalysts in 2021: Rising Mobile advertising revenue, Video advertising and Instagram monetization. We expect Instagram to continue to increase its user count in 2021 and beyond, which should serve as a longer term catalyst." Bank of America names Target and Walmart top picks Bank of America said in a note Monday that Target and Walmart were relatively well positioned to handle the ongoing supply chain issues. " WMT & TGT entered 3Q with strong inventory positions. Both retailers should benefit from more favorable Port access, long-term container shipping agreements & chartered vessel capacity." Wedbush upgrades Carvana to outperform from neutral Wedbush said in its upgrade of Carvana that the stock's valuation is attractive. "Moreover, we believe unit sales should accelerate with capacity, staffing and