Nvidia, Netflix, Amazon, TJX Companies, Arm, Viking, Circle & more
Here are the biggest calls on Wall Street on Monday: Evercore ISI upgrades F5 to outperform from in line Evercore says the stock is an EPS “compounder.” “We are upgrading FFIV to Outperform from In Line and raising our price target to $475 (~31% upside), as five reinforcing drivers reposition the company into a high-single-digit revenue / low-double-digit EPS compounder.” Williams Trading upgrades VF Corp to buy from sell Williams said in its upgrade of VF Corp that it sees several positive catalysts ahead for the owner of brands like Vans. “Upgrading from Sell to Buy, raising PT from $14 to $19, and raising estimates. The double upgrade is a result of subtle increase in momentum within Vans, led by the LX Old Skool Pearlized Pack, and because there’s no middle ground, in our view, with this stock, as any improvement or likely improvement in Vans’ trends will be received well by investors.” Wells Fargo upgrades Viking Holdings to overweight from equal weight Wells says the cruise company’s earnings are too attractive to ignore. “Despite the Iran conflict, fundamentals for VIK’s core business continue to not only improve y/y but accelerate. We can no longer remain on the sidelines as we believe VIK’s “premium” valuation is well warranted. Upgrade to OW; PT to $109 from $79.” JPMorgan initiates Ball and Crown to overweight from neutral The firm upgraded both stocks on valuation. “We upgrade Ball and Crown, the two leading global aluminum can producers, to Overweight from Neutral based on valuation.” Goldman Sachs initiates America Movil as buy Goldman says the LatAm company has “operational momentum.” “Our relative preference for AMX is based on its positive operational momentum, especially in Mexico and Brazil deleveraging trends potentially triggering other capital allocation decisions either in the M & A market or through shareholder remuneration, and valuation multiples in line with the company’s historical premium to Brazilian peers.” Bernstein initiates Arm as outperform Bernstein says the stock is firing on all cylinders. “In practical terms, the business now relies on three revenue streams. First, licensing revenue is the upfront monetization of Arm’s technology designs, software and access rights, which customers use to build their own chips and platforms. Second, royalty revenue is the recurring annuity stream earned on chips shipped with Arm technology inside them, and it remains the economic core of the model because it scales with customer volume, silicon complexity and mix.” Read more. Morgan Stanley upgrades Lam Research to overweight from equal weight Morgan Stanley says the stock has more room to run. “Given our confidence on LAM’s 2027 share gains, we raise that premium to 20%, a touchabove the 3-year average of 16%, which brings up our target multiple to 34x and raises our price target from $293 to $331 implying 16% upside.” HSBC upgrades Shell to buy from hold HSBC says the oil and gas giant has buyback upside. “After the rebalancing, Shell’s 2026 yield remains the highest among large-cap oil majors, ahead of Total, BP, and US Supermajors. Assuming a bounce-back in 2027, the gap could widen once again, with Shell at the top of the peer group.” Barclays initiates Yesway as overweight Barclays says the convenience store company is well positioned. ” Yesway is an attractive growth story with a unique model that is well positioned to capitalize on strong short-term drivers and deliver above-average unit growth in the medium/long term.” Raymond James upgrades Invitation Homes and AMH to outperform from market perform The firm says several industry overhangs are poised to be removed due to a housing affordability bill advancing through Congress. “Upgrading AMH, INVH; revised ROAD to Housing Act poised to remove key industry overhangs. With this SFR [single family residence] industry update, we are refreshing estimates and raising our ratings on both AMH and Invitation Homes back to Outperform, following last week’s release of a revised version of the ’21st Century ROAD to Housing Act.’ We believe the House’s new version is receiving bipartisan support and is being scheduled for a vote early next week.” Roth initiates Elmet Group as buy Roth says the critical minerals and infrastructure products company has a differentiated offering. “We initiate coverage of ELMT with a Buy rating and $21 PT . Elmet is a unique provider of precision engineered components and high-powered microwave devices, selling to a diverse group of blue-chip companies and the US Government.” Morgan Stanley reiterates MKS as overweight The firm says semis manufacturer is a new top pick. “MKS is our favorite way to play our positive view on 2027 NAND WFE followed by LAM.” Wells Fargo initiates National Health Properties as overweight Wells says the senior housing company is best-in-class. “Initiating on National Healthcare Properties with OW & $16 PT.” Bank of America reinstates Salesforce as underperform The firm reinstated coverage from its prior buy rating and says it sees too many negative catalysts for Salesforce. “We are reinstating coverage with an Underperform and a $160 PO, based on 9x CY27E EV/FCF.” Read more. Truist initiates TJX Companies as buy Truist says it sees strong execution for TJX. “The off-price channel offers a very attractive value prop to (1) brands (efficient inventory management assistance), (2) landlords (stable & attractive foot traffic), and (3) shoppers (20%-60% off hot products in a differentiated treasure hunt experience).” Truist initiates Ross Stores as buy Truist says it sees “industry tailwinds.” “With a long track record of strong/consistent execution, its scaled leadership position (second largest off-pricer in the US), and a ~60% store expansion opp, we believe LT topline growth visibility for ROST is robust (with opps for efficiencies on margins as well).” Bank of America reiterates Netflix as buy Bank of America says Netflix has a long runway. ” NFLX is continuing to improve its advertising offering with new formats and more technology, and the company believes it can actually decrease ad loads while increasing ad revenue through addressable, targeted ads and increased sponsorship.” Morgan Stanley reiterates Nvidia as overweight The firm raised its price target to $285 per share from $265. “NVDA : Expecting continued upside to numbers and a bullish tone on key debates.” Read more. DA Davidson downgrades CoreWeave to neutral from buy DA downgraded the stock and says it sees a more balanced risk/reward. “On the other hand, we remain skeptical of CoreWeave’s ability to generate sufficient returns given its margin profile and high dependence on debt financing. We would also like to see less insider selling. Assuming at NEUTRAL and reducing price target to $100 from $175.” Jefferies reiterates Amazon as buy The firm added the stock to its franchise picks list. “AMZN: AWS is in the early stages of a meaningful re-acceleration as capacity comes online, backlog accelerates sharply and expanding AI partnerships anchor LT mid-teens% revenue visibility.” H.C. Wainwright upgrades Circle to buy from neutral H.C. Wainwright said in its upgrade of the stock that it sees “value creation.” “We are upgrading our rating on CRCL to Buy from Neutral and are raising our price target to $150 (from $85 previously) following the successful presale of the ARC token (the native utility token to Circle’s Layer 1 blockchain network, Arc) announced last Monday (5/11) on the company’s 1Q26 earnings call.”
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