Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS raised its price target on Nvidia to $150 per share from $120. "Given all of this, we believe a $150 PT can be supported (prior $120) and we maintain our Buy rating as we roll our valuation basis forward from C2025 EPS [Calendar] to an average of C2025/C2026." Stifel upgrades Ecolab to buy from hold Stifel said it's bullish on shares of the food safety company.
"The ECL story sounds better to us than it has in many years, and we expect the positive trajectory to continue." Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it's staying bullish on the semis company heading into earnings on July 18. "AI semi demand sustainability and TSMC's wafer pricing trend should be key focus of TSMC 2Q results earnings call.
" KBW upgrades Charles Schwab to outperform from market perform KBW said it's getting bullish on shares of Charles Schwab. "Solving for Liquidity Risk with a Shift in Balance Sheet and Deposit Strategy; Upgrading to OP." Guggenheim downgrades ServiceNow to sell from neutral Guggenheim said it sees too many risks ahead of earnings later this month.
"While we believe 2Q24 will be fine when NOW reports on 7/24, we believe 2H24 presents risk to consensus Subscription, presenting material risk in the stock, currently trading at a rich 15x EV/NTM likely recurring revenue." Wells Fargo reiterates Meta as overweight Wells raised its price target on Meta to $625 per sha.
