Here are Monday's biggest calls on Wall Street: Wells Fargo upgrades Target to overweight from equal weight Wells said the market is just too pessimistic on Target shares. "TGT's sell-off provides the opportunity to pick up a proven share gainer into an underappreciated earnings recovery at the right price, in our view. Read more about this call here . UBS downgrades Weber to sell from neutral UBS said in its downgrade of the grill company that it has concerns about slowing growth. "We downgrade WEBR to Sell from Neutral with PT of $4 ($8 previously), as we revise EBITDA ests for next year to come in at $173M, below '19 levels, and significantly below Street's $222M. We model sales -0.4% for '23, however, we could see top line declining further." Atlantic Equities downgrades AbbVie to neutral from outperform Atlantic Equities said that it sees a more balanced risk/reward for AbbVie . "We see more limited near-term upside for key growth drivers across the Immunology, Haematology and Aesthetics franchises coupled with more balanced risk/reward from a valuation perspective and downgrade to Neutral." Pivotal downgrades Sirius XM to hold from buy Pivotal said it's concerned about recessionary conditions next year. "After SIRI reported an in line 2Q result, reiteration of full-year financial guidance, and an unsurprising reduction in '22 self-pay net additions forecasts, we reduced our '22 self pay new subscriber forecast and reduced the ramp in self-pay subscribers/ARPU/advertising in '23+ to account for what we believe will be a significant 1H'23 recession." Wells Fargo downgrades Stanley Black & Decker to equal weight from overweight Wells said that uncertainty is a little high for Stanley Black & Decker . "A dramatic swing in Tools & Outdoor demand trends during Q2 resulted in a nearly 50% adj EPS mid-pt cut. Management responded with significant cost out plans. Stable demand from here and execution on cost out sets up good 2023 earnings power. However, it's too early, in our opinion, to call for stable demand trends. In particular, we're concerned that the Pro customer segment could be next to soften." Wolfe initiates Palo Alto Networks as outperform Wolfe said in its initiation of the cybersecurity company that it's a good place to "hide out." "In our opinion, PANW is a consensus long as investors look to hide out in security names that can deliver both growth and free cash flow margins at an attractive valuation." Read more about this call here . Jefferies downgrades Bumble to hold from buy Jefferies said the dating app company's stock valuation is no longer compelling. "Finally, we no longer view BMBL's valuation multiple at 26x FY23 EBITDA as compelling especially compared to MTCH at 18x. We lower our FY22 EBITDA estimate by 1% to account for incremental FX headwinds." Cowen downgrades American Eagle Outfitters to market perform from outperform Cowen said it sees a "near-term slowdown" for American Eagle . "Cowen appreciates Aerie's competitive moats highlighted by our proprietary survey, but near-term caution based on markdown pressure, higher input costs, waning consumer demand & a near-term slowdown in Aerie." Jefferies downgrades Deckers to hold from buy Jefferies said in its downgrade of Deckers that it sees slowing margin growth for the shoe company. "We assume at Hold with a $300 PT on a more tempered view of sustained pandemic driven growth and slowing margins due to macro risk." Barclays downgrades Comcast to equal weight from overweight and Charter to underweight from equal weight Barclays said it expect slower subscriber growth for the cable giants. "With full-year broadband sub growth at Comcast and Charter now expected at ~300k and ~200k respectively this year (vs our pre-Covid forecast of 1.2-1.4mm each), the growing debate is likely to be about the likelihood of potentially negative broadband sub growth next year and beyond given that the macro backdrop and competitive environment looks likely to worsen." Read more about this call here. Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC. Morgan Stanley reiterates Apple as overweight Morgan Stanley said that Apple's 10-Q statement shows "supply improvements & confirms app store deceleration." "While Advertising remains a top Services driver, we are more cautious on the near-term outlook. Advertising primarily represents Google's traffic acquisition cost payments to Apple, as well as revenue from Apple's App Store search ad business." Wells Fargo upgrades Colgate-Palmolive to equal weight from underweight Wells said there's potential for "profit improvement ahead." "We think being positive CL is now (and has been) consensus among many investors. We're not exactly there — EPS was still maintained down MSD this year, and much has to go right for this recovery to unfold into next year; however, unfold it may, and we are specifically becoming more comfortable with a brewing gross margin story at CL."