Here are the biggest calls on Wall Street on Monday: JPMorgan reiterates Apple as overweight JPMorgan says demand for Apple's iPhone 17 looks promising. "In tracking delivery lead-times across key markets, including U.S., China, Germany and UK as an indicator of demand, while it is still very early days, lead-times for delivery are indicating that demand for all the new variants launched on Sep 9th is tracking modestly ahead of iPhone 16 Series during Week 1, with the higher demand particularly notable for Base version as well as Air." Melius upgrades GE Vernova to buy from neutral The research firm sees upside to estimates. "What makes GE Vernova outperform from here? The stock is up 5x from spin, and obviously the world appreciates the AI story a bit more today." Melius upgrades Eaton to buy from neutral Melius calls Eaton a "secular winner." "We are upgrading Eaton to Buy from Hold and raising our price target to $495 from $412, implying 35% upside from the current price." Citigroup upgrades Union Pacific to buy from neutral Citi says the risk/reward is too attractive to ignore at the Omaha-based railroad. "We return to Buy on UNP as recent events offer greater clarity on the coming rail M & A debate." Read more. Wedbush reiterates Tesla as outperform Wedbush calls Tesla CEO Elon Musk a "wartime CEO." "We believe Tesla and Musk are heading into a very important chapter of their growth story as the AI Revolution takes hold and the Robotaxi opportunity is now a reality on the doorstep." Deutsche Bank reiterates Micron Technology as buy Deutsche Bank raises its price target on Micron to $175 per share from $155 ahead of earnings later this month. "We are raising our estimates for the second time this quarter and reiterating our Buy rating on MU's shares into earnings." Read more. JPMorgan initiates Regal Rexnord at overweight JPMorgan says it is bullish on the power transmission solutions company. "We initiate coverage of Regal Rexnord (RRX) with a Dec 2026 price target of $200, representing ~40% upside, reflecting our conviction in the company's structural transformation from a legacy parts vendor to an innovative, integrated industrial solutions powerhouse." UBS initiates Smurfit Westrock at buy UBS says it sees growth potential from the paper and packaging company. "We initiate coverage of SW with a Buy rating ($60/sh PT). Smurfit bought Westrock to turn around underperforming assets & drive a re-rating. > 1yr later, that re-rating has not yet materialized." Mizuho reiterates Palantir as neutral Mizuho calls the company's execution "stunning" but says it is sticking with its neutral rating. " PLTR's recent execution has been stunning, with material upward revisions across both Commercial and Government." Citi upgrades Valley National to buy from neutral Citi says it is bullish on shares of the New Jersey-based regional bank. "While a lower deposit cost should drive a stronger than peer [net interest margin] expansion trend over the next year (or more), we believe VLY is also likely to focus on its already strong expense management trends throughout 2H25 and 2026, supportive to both stronger loan growth trends (via hires) with a limited net expense growth outlook." Rothschild & Redburn downgrades Under Armour to neutral from buy The firm says in its downgrade of Under Armour that turnarounds are "hard." "Yet, external conditions have deteriorated with tariff impacts (on margins and demand) and a slower, more complex, industry backdrop to navigate. This has pushed back our hopes for top- and bottomline recovery and in turn reduced our excitement for the equity story." Oppenheimer reiterates Nvidia as outperform Oppenheimer says the stock remains a top pick. "We favor structural growth for long-term outperformance. Our top picks are AI-heavy NVDA, AVGO, MRVL, and MPWR." Rothschild & Redburn reiterates Disney as buy The firm raises its price target on the stock to $160 per share from $147. "The upcoming merger of Disney+ and Hulu should drive higher engagement and lower subscriber churn. When coupled with improved content discovery, we believe Disney can deliver strong and consistent streaming revenue growth — essential if investors are to have confidence in multi-year double-digit EPS growth." Rothschild & Redburn initiates Kyivstar at buy Rothschild & Co Redburn says the Ukraine telecommunications company is a market share gainer. "However, for those expecting peace, Kyivstar's leading market position, high margins, healthy cash generation and exciting digital service strategy offer profitable growth, elusive to most developed-market telcos." Wedbush reiterates MongoDB as outperform The firm added the cloud software company to its best ideas list. "We maintain our OUTPERFORM rating and believe MongoDB is now starting to hit its next stride as the AI use cases expand significantly over the coming years. We are also adding MongoDB to the Wedbush Best Ideas List." Macquarie initiates Broadcom at buy Macquarie says the semiconductor company is well positioned for artificial intelligence. "We initiate on Broadcom with an Outperform rating and an implied 17% total shareholder return to our US$420 target price." Read more. Deutsche Bank adds a catalyst call buy on CoreWeave Deutsche Bank says it is sticking with its long-term hold rating on the stock but that it sees a near-term buying opportunity due to "insatiable" artificial intelligence demand. "We believe CoreWeave has meaningful powered shell capacity expected to come online over the next 12-18 months which it has yet to sign customer contracts against." Wedbush adds Palo Alto Networks to best ideas list Wedbush says it is bullish on the cybersecurity company for the rest of 2025 and into 2026. "We are adding Palo Alto Networks (PANW) to the Wedbush Best Ideas' List (already part of the IVES AI 30) as we have incremental confidence in the company's platformization strategy heading into FY26 & beyond following its recent transformational acquisition of CYBR." Citi reiterates Alphabet as buy Citi raised its price target on the stock to $280 per share from $225. "Given our view that Google's product velocity is ramping amid greater clarity around its legal and regulatory challenges in what we believe is a relatively healthy online advertising market (particularly for performance-based networks), we are raising our projections and TP on shares of Google to $280."
