Here are the biggest calls on Wall Street on Monday: Bernstein reiterates Apple as outperform The firm raised its price target on the stock to $350 per share from $340. “Apple’s FQ2’26 results and FQ3 was strong across the board. Revenue grew 17% you in FQ2 and was guided to grow another 14-17% in FQ3. Gross margins also beat expectations at 49.3% for FQ2 and guided to 48% for FQ3.” Goldman Sachs upgrades KE Holdings to buy from neutral Goldman says the China real estate company has an “attractive re-entry point.” “We believe the share price movement post the recent peak at end-Jan provides investors with an attractive re-entry point into KE Holdings.” William Blair initiates Suncrete as outperform William Blair says the concrete building materials company has plenty more room to run. “Suncrete is a rollup in the ready-mix concrete distribution market, targeting fast-growing Sunbelt metro areas.” HSBC downgrades Palantir to hold from buy HSBC says it’s concerned about rising competition fo r Palantir. “The success is inviting similar approaches by competitors like OpenAI. Moreover, with the proliferation of agentic frameworks and model context protocol (MCP) servers, we think the company’s traditional barriers to entry are starting to erode.” HSBC downgrades Advanced Micro Devices to hold from buy The firm says it sees limited upside for AMD. “We downgrade our rating to Hold as the stock has already significantly re-rated from trading at a 19x 2027e PE multiple to a 33x PE multiple with limited room for earnings upside due to capacity constraints.” Morgan Stanley reiterates Advanced Micro Devices as equal weight The firm raised its price target on AMD to $360 per share from $255. “We expect a very strong quarter driven by server CPU, recent strength in the stock creates a higher bar for the quarter, but we don’t expect enthusiasm to fade.” Deutsche Bank upgrades Packaging Corp to buy from hold Deutsche says the packaging company is at an inflection point. “Followin g PKG’s strong first quarter 2026 earnings report and subsequent management commentary, we are upgrading the stock to a Buy rating and raising our price target to $256.” Piper Sandler upgrades Essex Property Trust to overweight from neutral Piper says the real estate investment trust is compelling. “We are upgrading ESS to OW from Neutral as the AI-fueled rapid rebound of the Bay Area should drive earnings higher this year and next.” Mizuho initiates Fannie Mae and Freddie Mac as outperform Mizuho says the government backed mortgage companies have plenty of upside. “Initiate coverage on Fannie Mae (FNMA, OP, PT $10) and Freddie Mac (FMCC, OP, PT $9), the backbone of the ~$14.3tn U.S. secondary residential mortgage market, guaranteeing ~$7.7tn in residential mortgages and generating ~$25bn in combined net income in FY25.” Barclays upgrades Casella Waste to overweight from equal weight Barclays says the waste company has M & A potential. “We upgrade CWST t o Overweight after a strong 1Q26 and clearer line of sight to synergy capture following Mid-Atlantic systems integration.” Wells Fargo initiates BeOne Medicines as overweight Wells says the biotech company has a robust pipeline. “We also think ONC’s diverse early pipeline is well positioned to capture new opportunities in several large cancer indications including breast cancer, gynecology, lung cancer, and GI cancer, representing long- term value drivers.” Wells Fargo upgrades International Paper to overweight from equal weight Wells says the risk/reward is too attractive to ignore for the paper company. ” IP has made step-change improvement to its NA operations over the past ~2 years, with a difficult macro obscuring the rate of change. We also think investor expectations have shifted from quite elevated through much of 2024-25 to a bit depressed currently.” Wells Fargo upgrades O-i Glass to overweight from equal weight Wells says buy the weakness in the glass company. “OI shares were punished on the Q1 miss/guide down & are now near historic (ex-COVID) lows. W/ the self-help propelled EBITDA growth story still intact & shares at just over 4x our below-guide ’27 EBITDA est, we see an attractive entry pt; U/G to OW.” Cantor Fitzgerald upgrades GlobalFoundries to overweight from neutral Cantor says the buy the dip in the semis company. “GlobalFoundries is hosting an Investor Day in New York this Thursday which represents its first major capital markets event since its post-IPO Capital Markets Day in CY22.” UBS reiterates McDonald’s as buy UBS says investors should buy the dip. “We anticipate MCD’s 1Q earnings are likely to be below expectations on key metrics, with sales momentum likely moderating into 2Q.” Read more. Stifel upgrades SiteOne Landscape to buy from hold Stifel says shares of the landscape company have more room to run. “We are upgrading SITE shares to Buy from Hold maintaining our $157 target price while maintaining our $466 million FY26E EBITDA – $11 million above the high end of reiterated guidance.” Citi reiterates Nvidia and Broadcom as buy Citi said Nvidia and Broadcom remain compelling and beneficiaries of capex spending. We believe AVGO, NVDA, MRVL, INTC, and AMD remain key beneficiaries of hyperscaler capex. Canaccord initiates Seer as buy Canaccord says the biotech company is attractive. “We are initiating coverage of Seer (SEER) with a BUY rating and a 12-month price target of $4.” Oppenheimer upgrades Airbnb to outperform from perform Oppenheimer says it sees a slew of positive catalysts for Airbnb. “We’re upgrading ABNB to Outperform from Perform and establishing a $180 PT on the view that product initiatives around Hotels, RNPL [reserve now pay later], and AI search will generate durable revenue acceleration not fully reflected in Street estimates.”
