Here are the biggest calls on Wall Street on Monday: Goldman Sachs upgrades Futu Holdings to buy from neutral Goldman says the China wealth management company has a differentiated offering. "We upgrade FUTU to Buy from Neutral, with our revised 12m target price of US$213.39 implying 29% upside. Our upgrade reflects the positive capital market outlook from GS Asia and US strategists and a re-evaluation of FUTU's new client growth and turnover rate." Read more. Bank of America reiterates Nvidia as buy Bank of America says investors should by any weakness in shares of Nvidia. "Our $275 PO is based on 28x CY27E PE ex cash, within NVDA's historical 25x-56x forward year PE range, which we believe is justified by NVDA's leading share in fast-growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming market, and concerns around access to power." Barclays upgrades Quest Diagnostics to overweight from equal weight Barclays says shares of the diagnostics company have plenty more room to run. "We upgrade DGX to OW and raise our PT to $210 ($195 prior)." HSBC downgrades Chevron to neutral from buy HSBC downgraded Chevron mainly on valuation. "Downgrade to Hold (from Buy) after strong YTD share price performance." Citi upgrades Teck Resources to buy from neutral Citi says it's bullish on a combination of Teck and Anglo American. "The proposed merger with Teck to form AngloTeck is transformative, creating a top-tier copper producer with an 80% copper earnings exposure." BTIG upgrades McDonald's to buy from neutral BTIG upgraded the stock after two years on the sidelines. "After two years on the sidelines, we are upgrading shares of McDonald's to Buy from Neutral as our franchise checks suggest changes to the value/promotions strategy is driving traffic growth on a consistent basis." Read more. Piper Sandler upgrades Liberty Energy to overweight from neutral Piper says it sees a "coming catalyst path" for the energy company. "After revisiting/fine-tuning our valuation and considering the outlook from here, we upgrade LBRT to Overweight from Neutral, increasing our PT to $32 from $17." Baird upgrades Darling Ingredients to outperform from neutral Baird says the stock is a beneficiary of recent moves in commodities. "We are incrementally positive on DAR given recent commodity movements... Morgan Stanley reiterates Apple as overweight The firm says it walked away from Apple's quarterly filing seeing a slew of positive catalysts. "We share 4 observations from Apple's 10-Q: (1) Apple is in 'supply chase mode' and building inventory amidst strong demand, (2) Advertising, App Store and Cloud continue to drive Services growth, (3) R & D intensity hit a record in Dec Q due to AI investments and (4) Op margins reached a 10-year high." Goldman Sachs adds DoorDash and ServiceNow to the conviction buy list Goldman added both stocks to its top ideas list. "We ad d DoorDash (DASH), Golar LNG (GLNG), and ServiceNow (NOW) to the US Conviction List..." JPMorgan upgrades Autodesk to overweight from neutral JPMorgan says the software stock is a standout. " Autodesk stands out for its leadership in design and BIM [building information modeling] software, rapid adoption of cloud and AI technologies, and expanding platform breadth, which position it to capture outsized share in high-growth verticals such as data centers and infrastructure." Read more. William Blair upgrades Palantir to outperform from market perform The firm says investors should buy the dip. "We have upgraded shares of Palantir ahead of earnings following its recent 30% selloff, as our Dotted Line government tracker and our separate commercial tracker indicate that Palantir's momentum has continued." UBS downgrades International Paper to neutral from buy UBS says it sees declining estimates for the paper company. "We are downgrading IP to Neutral from Buy, and reducing our price target to $44 (from $51). JPMorgan downgrades Best Buy to neutral from overweight JPMorgan says it sees several negative catalysts ahead for Best Buy. "At a high level, our downgrade is driven by our view of a tough 4Q25, unique laps in 2Q/3Q that could mitigate any lift from a healthier consumer, and headwinds in computing." Raymond James initiates Venture Global as outperform Raymond James says the LNG provider is firing on all cylinders. "We believe Venture Global (VG) represents an interesting equity opportunity as the company has built itself as a leading U.S. liquid natural gas (LNG ) provide Cantor Fitzgerald reiterates Tesla as overweight Cantor says it's sticking with Tesla. "We are also bullish on Optimus and the opportunities in humanoid, though we remain conversative in our initial modeling assumptions. Overall, we remain bullish on TSLA over the medium to long term, and we view FY26 as a transformational year for the company as it transitions into autonomy, AI and robotics." Morgan Stanley downgrades Humana to underweight from equal weight The firm downgraded the stock citing policy risk. "Downgrading HUM to Underweight as 2026 bid strategy and policy risk may slow its margin turnaround."
