(This is CNBC Pro's live coverage of Monday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Two tech stocks were among the names being talked about by analysts on Monday.
Citi named Micron Technology a top pick ahead of the company's earnings report this week. Meanwhile, Goldman Sachs initiated coverage of IBM with a buy rating. Check out the latest calls and chatter below.
All times ET. 5:59 a.m.
: Bernstein stands by outperform rating on Ferrari after recent event The outlook for Ferrari looks rosy from here, according to Bernstein. The financial firm stood by its outperform rating on shares of Ferrari after the luxury sports manufacturer hosted a sell-side and media event last week. Bernstein also reiterated its $512 price target, which implies that Ferrari stock could rise 23%.
Shares of Ferrari have rallied nearly 23% year to date. Analyst Stephen Reitman cited the company's "absolute commitment to its very successful business principles," demonstrated at the event, as a catalyst going forward. "What we saw was the sheer scale and determination of Ferrari to future proof its business fundamentals rather than an intention to meaningfully increase production in the near term," he wrote.
Additionally, Reitman noted the "deep thought process" behind Ferrari's first fully electric vehicle, which is due out in the fourth quarter of 2025. The automobile manufacturer also shared more details behind its new e-building, designe.
