Here are Monday's biggest analyst calls: Nvidia, Tesla, Delta, Skechers, Apple, Disney, Micron, Citi, Amazon & more

Published Mon, Apr 1 20248:34 AM EDTUpdated Mon, Apr 1 202410:10 AM EDT

Here are the biggest calls on Wall Street on Monday: Jefferies reiterates Microsoft as buy Jefferies raised its price target on the stock to $550 per share from $465 and said it's an "AI winner." "We believe that MSFT is the key beneficiary of Gen AI, poised to benefit from both infrastructure (Azure OpenAI) and app angles (series of Copilots) opportunities, capturing the most of this transformational opportunity." Goldman Sachs initiates Cameco as buy Goldman said it's bullish on shares of the nuclear fuel supplier. "We are initiating coverage on CCJ /CCO.TO with a Buy rating and US$55/C$74 price targets, implying ~30% upside from current levels." Barclays initiates Crocs, Skechers, On Holding and Deckers at overweight Barclays said it's bullish on several footwear companies. "We are expanding our footwear coverage, initiating on CROX , DECK , ONON , and SKX all at Overweight, supported by our market analysis, inventory framework, and our proprietary 1,000+ U.S. consumer survey." Barclays downgrades J.B. Hunt and Werner to equal weight from overweight and C.H. Robinson to underweight from equal weight Barclays downgraded several shippers on Monday due to "volume challenges." "Weak bid season results will likely result in volume challenges for J.B. Hunt , softer margins for Werner and growth headwinds for C.H. Robinson. " Morgan Stanley initiates Compass Pathways at overweight Morgan Stanley said in its initiation of Compass that it's bullish on shares of the mental health biopharma company. "Treatment-resistant depression (TRD) represents an area of significant unmet need." Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it's standing by its overweight rating on shares of TSM. "We reiterate our OW rating into the 1Q24 print, as the margin erosion should be temporary, while AI semi growth is structural." Morgan Stanley reiterates Delta as a top pick Morgan Stanley said Delta's push into "premium" will reward investors. "We are raising our price target on DAL from $77 to $85 and our bull case valuation from $90 to $110, driven by higher out-year earnings and implied P/E multiple at the high end of DAL's historical range of 8-10x P/E." Bank of America reiterates Nvidia and Broadcom as buy Bank of America said Nvidia and Broadcom are still top ideas at the firm. "The adoption of accelerated/AI servers is a generational shift with NVDA and AVGO the leaders and our top two picks." Wells Fargo reiterates Amazon as overweight Wells said it's bullish on the e-commerce platform and web services provider in the second quarter. "We reiterate our Overweight rating and Signature pick, while also adding AMZN to the Q2'24 Tactical Ideas List. Increase PT to $217, from $211, based on 30x updated 2026E EPS." Bank of America reiterates Micron as buy Bank of America said it sees further share gains for Micron. "We raise MU's PO to $144 from $120 on higher 2.8x CY25E P/B vs. 2.2x prior, though inline with 0.8x-3x historical range." Wells Fargo upgrades Devon Energy to overweight from equal weight Wells said the hydrocarbon energy business has an "attractive valuation." "In contrast to our original thesis in which DVN's premium valuation kept us on the sidelines, we now believe the stock offers an attractive entry point across most valuation metrics." Loop reiterates Apple as hold Loop cut its price target on the stock to $170 per share from $185. "The stock isn't expensive' per se… but not screaming cheap either. It's tough to discern if valuation is friend or foe currently, given AAPL is trading more in the middle of its recent trading range but with fundamentals softer." Evercore ISI initiates Bloom Energy as outperform Evercore said the energy company is a "differentiated pure-play hydrogen equipment manufacturer." " Bloom Energy is executing on an aggressive multi-year growth strategy to aid global decarbonization and deploy hydrogen solutions at scale to capitalize on the rapidly evolving energy mix." Wells Fargo downgrades Bill.com to underweight from equal weight Wells said in its downgrade of the financial software company that Bill is a "bull case on borrowed time." "While near-term trends have stabilized, we believe the Street is complacent around future expectations, and see estimates more likely to move lower than higher in the months ahead." Bank of America reiterates Disney as buy Bank of America raised its price target on the stock to $145 per share from $130. "We anticipate DIS' F2Q to reflect a continuation of the strong underlying momentum reported in F1Q." Wells Fargo reiterates Tesla as underweight Wells added Tesla to its tactical ideas list as an underweight. "We see moderating delivery growth driven by lower demand & diminished return on price cuts. We estimate auto gross margin ex credits fall by ~130bps y/y given likelihood of more price cuts & lower volumes." Bank of America upgrades Healthpeak Properties to buy from underperform Bank of America said the real estate investment trust has an "attractive yield," lifting its price target by 39%. "We are upgrading DOC to a Buy from Underperform and raising our PO to $25 from $18." Bank of America upgrades TransUnion to neutral from underperform Bank of America said the lending environment has held up better than expected. "We upgrade TRU to Neutral from Underperform. We are more positive amid a steadying consumer lending environment and opportunities for sales upside in the 2024 guidance across international, insurance and mortgage." Oppenheimer reiterates Sweetgreen as a top pick The firm doubled its price target on the restaurant stock to $34 per share from $17. "SG remain[s] one of our 'top picks' with an increased price target to $34. Baird downgrades Fifth Third Bancorp to neutral from outperform Baird downgraded the Cincinnati-based regional bank mainly on valuation. "Fresh valuation look post sabbatical — recent strength resulting in more balanced risk/ reward, stepping aside on FITB." Goldman Sachs adds Royal Caribbean and Citi to conviction list Goldman said Royal Caribbean and Citi are now on the firm's list of top picks. "We add Citigroup Inc . (C), Royal Caribbean Cruises Ltd . (RCL), SLB (SLB) and TPG Inc. (TPG) to the Americas Conviction List, while removing Blue Owl Capital (OWL), TE Connectivity Ltd. (TEL), Chevron Corp. (CVX) and Cintas (CTAS)." Citi downgrades Oxford Industries to sell from neutral Citi said in its downgrade of Oxford that the owner of brands such as Tommy Bahama is seeing too much margin pressure. "We lower our rating from Neutral to Sell. 4Q results were at the low end of guidance and 1Q has gotten off to a tough start." Morgan Stanley reiterates Planet Fitness as overweight Morgan Stanley said it's standing by its overweight rating on the fitness company. "We are bullish PLNT with boycott concerns overblown and a robust near-term catalyst path with potential to drive positive revisions and/or a multiple re-rating."