Here are Monday's biggest calls on Wall Street: UBS reiterates Apple as neutral UBS said its survey checks show that Apple's iPhone is losing market share in China. "In the month of May, iPhone 'sell-through' remained soft declining 2% YoY (Source: Counterpoint), the 5th consecutive monthly YoY decline." Morgan Stanley reiterates Nvidia as overweight Morgan Stanley raised its price target on the stock to $144 per share from $116.
"Following our Taiwan note last week and our China note tonight, both of which have positive NVDA centric data points, we are raising CY25 estimates, and bringing our PT from $116 to $144." Goldman Sachs initiates Verizon and AT & T as buy Goldman said it's bullish on shares of several telecommunications companies. "Positive on wireless & datacenters, cautious on cable given shifting competitive landscape; Buy VZ, T, ail DLR.
" UBS upgrades Birkenstock to buy from neutral UBS said it has "new conviction in the upside" for shares of the show company. "Our upgrade of BIRK is based on: 1) BIRK is successfully executing its DTC expansion strategy better than we expected. 2) We see BIRK ramping rapidly in Asia-Pac.
" Stifel initiates Gauzy as buy Stifel said it's bullish on shares of the glass-solutions company. "We are initiating coverage of Gauzy with a Buy rating and $18 12-month price target." Wells Fargo adds Tesla to the tactical ideas list Wells said it's sticking with its underweight rating on the stock but is adding it as a tactical underweight for.