Here are the biggest calls on Wall Street on Monday: JPMorgan reiterates Nvidia as overweight JPMorgan says it sees a beat and raise when the company reports earnings later this week. "We are clearly in an environment of elevated expectations heading into NVDA's F4Q26 (Jan-Qtr) print, considering the stock has basically moved sideways since the F3Q26 print despite a slew of positive/favorable developments" UBS upgrades BlackRock to buy from neutral UBS says it sees "stronger for longer" fee growth helping Blackrock shares. "We are upgrading BLK to Buy as our conviction in 'stronger for longer' base mgmt. fee growth is reinforced by BLK's strong 4Q results, constructive CFO commentary at the UBS Fins conference, and a solid start to 1Q flows." UBS upgrades CBRE Group to buy from neutral UBS says investors should buy the dip in the real estate company. "We are upgrading CBRE to Buy from Neutral following sharp underperformance over the last couple of weeks as the sector has gotten caught up in a negative AI narrative." Evercore ISI reiterates Apple as outperform Evercore says it likes the company's free cash flow generation. "With hyperscaler capex guidance continuing to stretch higher, we believe investors are placing greater scrutiny on cash generation and capital return, especially as debt financing becomes a bigger source of funds for data center infrastructure. We continue to favor assets that are less capital intensive and maintain durable free cash flow generation such as AAPL. Citi reiterates Disney as buy Citi says it's sticking with the stock but that it needs to see more growth in the second half of the year. "To achieve Disney's FY26 guidance of double-digit Adj EPS growth, Disney will need to generate very robust growth in 2H26. After reviewing the disclosures and underlying drivers, we this is quite reasonable." Bank of America reiterates Dell as buy Bank of America lowered its price target on the stock to $135 per share from $150 ahead of earnings later this week. "Dell reports F4Q on 2/26 where impending memory headwinds will likely overshadow what should be a strong F4Q print." Citi names Texas Instruments a top pick Citi says it sees a slew of positive catalysts ahead. "We like TXN gross margin expansion potential as it approaches the end of its capital investment cycle and focuses R & D investments in the data center end market." Bank of America downgrades General Mills to neutral from buy Bank of America said the turnaround is taking longer than expected. "It's clear that GIS is taking steps to ameliorate volumes, particularly as it leans into its remarkability framework, but any potential turnaround has now been pushed out further, and we see likelihood for volume/dollar improvement to be subdued over the next 12 months and wait for potential topline stabilization in FY2H27." Jefferies downgrades Deere to underperform from hold The firm says much of the good news is already priced into the stock. "We view DE as one of our highest quality companies given strength in product innovation, significant market penetration and a large captive data lake. Unfortunately, we believe the market has already discounted a full cycle recovery and multiple expansion." Goldman Sachs initiates Ethos Technologies as buy Goldman says the online life insurance provider has plenty of upside. "We are initiating coverage of Ethos Technologies, Inc. (LIFE) with a Buy rating and a $33 12-month PT." Wells Fargo upgrades Alphabet to overweight from equal weight Wells says Alphabet is an AI winner. "Leadership in 3 key traits of AI winner: customer data, distribution and compute capacity. Capacity analysis confirms oppty to exploit data and distribution advantages for consumer and enterprise AI products. Raising estimates, upgrade to Overweight." Read more. Baird upgrades Henry Schein to outperform from neutral Baird says it sees a slew of positive catalysts ahead for the dental company. "Finally for HSIC, we lay out three reasons over the next few pages why we're upgrading to Outperform today, with key reasons being our expectations for a decent-sized 4Q-25 U.S. dental beat and that management will set-up an EPS glide path with 2026 guidance that gives greater confidence on a return to double-digit EPS growth for 2027-2028." JPMorgan initiates York Space Systems as overweight JPMorgan says the satellite company has the "potential to scale." "We are initiating coverage of York Space Systems (YSS), a satellite hardware and software provider, with an OW rating and a YE26 price target of $39." Citi initiates PicPay as buy Citi says the financial services company is firing on all cylinders. "We initiate coverage on PicPay (PICS) with a Buy rating and a YE26 TP of US$28.0, implying 85% price upside." Jefferies upgrades Icon to buy from hold Jefferies says the stock's valuation is compelling. "Valuation, at ~11x '26 FCF, makes ICLR hard to ignore." KeyBanc upgrades Macerich to overweight from sector weight Keybanc says shares of Macerich have plenty more room to run. "We are upgrading MAC to Overweight, driven by our expectation for a mid-2026 earnings inflection that should translate into above-trend NOI [net operating income] and NAV [net asset value] growth." Jefferies reiterates CoreWeave as buy Jefferies says it's bullish on the stock ahead of earnings later this week. "We believe CRWV addressed much of last Q's push out and is positioned to scale capacity and deliver upside vs Q4 cons rev of $1.55B (107% y/y), helping restore confidence in execution." Bank of America adds Lam Research to the US1 list The firm added Lam to its top ideas list. "We are adding Lam Research Corp. (LRCX) to the US 1 List. We are removing Advanced Micro Devices (AMD) from the US 1 List. AMD remains Buy-rated." Bank of America upgrades JM Smucker to buy from neutral The firm says shares are attractive. "After digesting the Hostess acquisition of 2023, we thin k SJM i s well positioned given a return to core focus on attractive categories" Read more. Goldman Sachs downgrades Rio Tinto to neutral from buy Goldman downgraded Rio Tinto on valuation. "Organic growth and simplification strategy remains compelling, but downgrade to Neutral on valuation." Barclays initiates H20 America as overweight Barclays says the utility company is cheap. "We initiate HTO at Overweight with a price target of $61, seeing shares as cheap relative to a long term EPS trajectory of 7-8% which we think is competitive with the water sector average."
