Here are Monday's biggest analyst calls of the day: Apple, Robinhood, Nvidia, Nike, Peloton & more

Published Mon, Mar 14 20228:42 AM EDTUpdated Mon, Mar 14 202210:02 AM EDT

Here are the biggest calls on Wall Street on Monday: Goldman Sachs initiates Constellation Energy as buy Goldman initiated the energy company with a buy rating, saying it's a "nuclear focused clean energy profile with solid capital allocation as well as upside to estimates." "We view the company as a large cap, clean energy related, strong free cash ﬂow and capital allocation story. ... We acknowledge strong stock performance post the spin-off of CEG — a nuclear focused Independent Power Producer (IPP) — from Exelon Corp, but still see more upside ahead here." Read more about this call here . UBS reiterates Nike as buy UBS kept its buy rating on shares of the athletic and fitness giant but said it sees a "negative catalyst" heading into earnings later this month. "We think Nike's 4Q22 guidance and its initial FY23 outlook, if it offers one, will disappoint the market. Our checks suggest Nike 's China business is not recovering as fast as we, or the market, expected." Morgan Stanley initiates Peloton as equal weight Morgan Stanley said in its initiation of Peloton that it lacks near-term visibility for the stock. "We introduce a proprietary toolkit to frame the wide range of potential outcomes across five key inputs: churn, bike unit sales, bike price, new modality unit sales, and subscription price. We lean bullish, with 50% upside to our $32 price target, but lack near-term visibility." SocGen upgrades Oracle to buy from hold SocGen said the stock is "highly defensive in an uncertain environment." "We view Oracle as a highly defensive stock in these uncertain times, underpinned by strong execution capacity that should protect earnings, as shown in past downturns." Oppenheimer reiterates McDonald's as buy Oppenheimer lowered its price target on shares of McDonald's to $280 from $290, but said investors should buy the dip. "Since Russia invaded Ukraine on Feb 24th, MCD is -9% (vs S & P -2%) and we'd take advantage of the pullback. Our work suggests MCD's above-average exposure to Russia/Ukraine is now fully priced in, and we identify catalysts in remainder of the model." UBS reiterates Nvidia as buy UBS reiterated its buy rating on shares of Nvidia, noting the company's software moat is strong. "We believe that NVDA' s software moat is durable for three reasons. First, we believe that the GPU will continue to remain the parallel compute platform of choice (Data Center/ Training) for the vast majority of AI workloads in the foreseeable future." Morgan Stanley downgrades Chevron and Occidental to equal weight from overweight Morgan Stanley downgraded Chevron and Occidental mainly on valuation. "We downgrade CVX & OXY to EW (from OW) on relative outperformance, valuation. Broadly, valuations remain compelling - E & Ps trade at ~60% discount to the S & P and reflect oil prices well below the forward curve." Read more about this call here. Raymond James upgrades Nokia to outperform from market perform Raymond James said it thinks the "business has inflected." "We upgrade Nokia to Outperform (from Market Perform) based on its improving competitive position and market opportunities that exceed expectations. We believe Nokia's business has inflected and management has made progress rebuilding its credibility. Loop reiterates Papa John's as buy Loop said in a note to clients that its recent survey checks show that Papa John's comparable store sales accelerated and could "improve even further soon." "Our latest Papa John's U.S. franchisee checks indicate same-store sales growth accelerated QTD. PZZA 's same-store sales were up 4.0-5.0% since early February, a modest acceleration from 3.0-4.0% growth during the first 4-5 weeks of 1Q22." Goldman Sachs reiterates Robinhood as neutral Goldman said the stock could be poised for a re-rating. "With shares trading at just 4x 2023E revenue, we believe the market is concerned about HOOD's ability to grow the business and scale into proﬁtability. Thus, we believe shares could be poised for a re-rating at some point if HOOD can translate its new product momentum into a return to revenue and user growth, and thus improve line-of-sight to reaching proﬁtability." BMO downgrades Tyson Foods to market perform from outperform BMO said in its downgrade of the poultry company that it's concerned about "underlying fundamentals" in beef. "Our downgrade does not reflect a change in our long-term view of TSN' s ability to affect internal change through its actions, operational improvements, or capacity expansions, but rather our disciplined approach and a potential reduction to underlying fundamentals outside chicken, particularly beef. KeyBanc reiterates FedEx as overweight KeyBanc kept its overweight rating on the shipping giant, but said it's cautious heading into earnings later this week. "We take a cautious near-term stance ahead of FDX F3Q22 earnings. In our view, F3Q22 peak trends were generally favorable and concerns around weather and labor disruptions are discounted." KeyBanc reiterates Apple as outperform KeyBanc kept its outperform rating on shares of Apple , noting that iPhone demand remains robust. "Our checks indicate customer demand for iPhone 13 in February remained healthy with sell-through largely in line with store expectations, while the overall supply of iPhones further improved, but remains lean." Wells Fargo reiterates Citi as overweight Wells lowered it price target on shares of Citi to $70 per share from $80, adding it has concerns about the company's exposure to Russia. "We lower 1Q22E and 2022E EPS due mostly to expected Russian charges of $1.5bn and our PT from $80 to $70. The main consideration is new CECL (current expected credit losses) accounting as it applies to $3bn of Russian loans - this requires Citi to factor in expected lifetime losses, and our est. for a write-down of a portion of its $1bn net investment in its Russian subsidiary." Read more about this call here. Jefferies reiterates Ford and General Motors as hold Jefferies lowered its price target on shares of Ford to $18 per share from $20, citing worries about rising inflation. The firm also lowered its price target on General Motors to $44 per share from $53. "While still flying blind, we also start the process of adjusting estimates to a stagflationary environment of higher input costs, continued supply constraints no longer improving mix/price and potential demand destruction." Read more about this call here. Bank of America reiterates Meta Platforms as buy Bank of America lowered its price target on shares of the company formerly known as Facebook to $290 per share from $333 and says it's lowering estimates due to situation in Russia and Ukraine. "While the Russian impact was likely expected by the Street, the European market remains volatile and has added risk." Read more about this call here . R5 Capital downgrades Campbell Soup to hold from buy R5 said Campbell Soup is dealing with "too many issues" in its snacks division. "The simple explanation is that our thesis is just not working out as we envisioned. Our rationale for a Buy was predicated on stability in Simple Meals and Beverages and solid growth in sales, with margin expansion in Snacks." JPMorgan downgrades Alibaba to underweight from overweight JPMorgan said in its double downgrade of Alibaba that there's too many China geopolitical risks. "Due to rising geopolitical and macro risks, we believe a large number of global investors are in the process of reducing exposure to the China Internet sector, leading to significant fund outflows from the sector." JPMorgan downgrades JD.com to underweight from overweight JPMorgan said in its downgrade of JD.com that there's too many China geopolitical risks. "As risk management becomes the most important consideration among global investors in relation to their China investment strategy, as they price in China's geopolitical risks, we view China Internet as uninvestable on a six-12-month view with a binary share price outlook."

Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei.

Tyrone Siu | Reuters

Here are the biggest calls on Wall Street on Monday: