Listed below are the largest calls on Wall Avenue on Monday: Jefferies upgrades Fastenal to purchase from maintain Jefferies says the inventory is greatest positioned in 2026. “We improve Fastly to Chubby with an upside value goal of $14.” JPMorgan upgrades Greenback Common to obese from impartial JPMorgan calls the inventory a “constant compounder.” ” DG is positioned to ship 2-3%(+) same-store-sales multi-year supported by the corporate’s new retailer waterfall & retailer renovations/remodels, in addition to company-specific initiatives together with discretionary reset & Worth Valley.” Macquarie initiates Pony AI at outperform Macquarie says shares of the China robotaxi firm have extra room to run. “Pony’ s technique to quickly deploy robotaxis in China’s Tier-1 cities seems apt because the trade stays in early days.” Jefferies upgrades KLA Corp. to purchase from maintain Jefferies raises its value goal on KLA Corp to $1,500 per share from $1,200. “AI continues to drive spend with WFE [wafer fab equipment] accelerating into C26/C27. Given the outsized publicity to the Main Edge and up to date relative a number of reset as premium closing vs friends, we elevate PT to $1,500.” Financial institution of America upgrades Bristol-Meyers to purchase from impartial Financial institution of America likes the corporate’s R & D pipeline. “We improve Bristol-Myers Squibb (BMY) to a Purchase ranking from Impartial and lift our value goal to $61/shr from $52/shr), based mostly on a 10x P/E a number of utilized to FY27E EPS.” Wedbush reiterates Tesla as outperform Wedbush says it is sticking with the inventory heading into 2026. “In a nutshell, we imagine Tesla is taking main steps in advancing its AI Revolution path with autonomous and robotics entrance and heart heading into 2026 that might be a “sport changer and outline Tesla’s future”. We keep our OUTPERFORM ranking and $600 value goal” UBS initiates Waystar at purchase UBS sees strong development forward for the cloud administration platform system. “We provoke protection of Waystar (WAY) with a Purchase ranking and a value goal of $41. Waystar is a number one cloud-native income cycle administration (RCM) platform, positioned to seize a multi-year secular shift towards automation, digital transactions, and AI-enabled workflows throughout supplier organizations.” UBS initiates Valley Nationwide Financial institution at purchase UBS says there’s “clear visibility” for the New Jersey-based regional financial institution. “We provoke protection of VLY with a Purchase ranking and a $15 value goal.” Morgan Stanley upgrades Doximity to obese from equal weight Morgan Stanley says purchase the dip within the healthcare tech firm. “Underperformance in DOCS is at odds with our checks on the enterprise and strengthening platform engagement.” Learn extra. JPMorgan upgrades IMAX to obese from impartial JPMorgan upgrades the film inventory following its investor day. “We’re upgrading IMAX to Chubby (from Impartial) and shifting to a Dec-26 PT of $47. This month’s investor day — the place we had an opportunity to talk with the corporate’s working group — and up to date basic efficiency have crystallized for us the change in IMAX’s place inside the exhibition market.” Goldman Sachs lifts Marriott to purchase from impartial Goldman says the inventory is greatest positioned heading into 2026. “We improve Marriott Worldwide to Purchase from Impartial, as the corporate is likely one of the greatest positioned in our protection to learn from ongoing relative power within the larger finish shopper, Worldwide and Group/Leisure…” Goldman Sachs upgrades Las Vegas Sands to purchase from impartial Goldman sees “sustained momentum” at LVS. Certainly, our extra liquidity evaluation implies that LVS might repurchase ~30% of its present market cap (~$13bn), if it had been to flex its stability sheet to ~3x internet leverage (which continues to be comfortably under friends). Learn extra. Bernstein reiterates Nvidia as outperform Bernstein says it is sticking with Nvidia following a collection of investor conferences. “The datacenter alternative is big, and nonetheless early, with materials upside nonetheless attainable.” KeyBanc downgrades Adobe to underweight from sector weight The financial institution says margin outperformance might be robust. “Downgrading Adobe to Underweight once more, the both/or trade-off of development and margin tells us outperformance might show tough.” KeyBanc raises Trane Applied sciences to obese from sector weight Key says purchase the dip within the HVAC firm. “We’re upgrading shares of TT to OW with a $500 PT.” KeyBanc downgrades ServiceNow to underweight from sector weight The financial institution sees worrying back-office tendencies. “We’re downgrading ServiceNow to Underweight and establishing a $775 value goal.” Financial institution of America initiates Central Bancompany at purchase Financial institution of America calls the regional financial institution “prime quality.” “We provoke protection of Central Bancompany (CBC) with a Purchase ranking and $27 PO, implying 18% potential upside.” Morgan Stanley upgrades Hershey to obese from equal weight Morgan Stanley says the chocolate inventory is undervalued. “We improve HSY to OW with ~20% whole return together with a ~3% yield, because the inventory gives uncommon visibility into important EPS development inside staples.” Roth downgrades Costco to promote from impartial The agency says competitors is getting harder for Costco. “Regardless of a 1Q earnings beat, underlying metrics are regarding: 1) renewal charges are fading; 2) paid members have slowed, presumably damaging q/q (adjusted for openings); and three) y/y comp site visitors is decelerating.” Deutsche Financial institution upgrades McCormick to purchase from maintain Deutsche says the spice maker is a prime thought in 2026. “Whereas MKC trades at a notable premium to the common Staples firm and positively to the common Meals firm, we see this valuation premium3 as warranted as a result of MKC’s publicity to the extra secure development spice/seasoning/extracts/flavors/warmth classes, its structural sourcing-driven aggressive benefits inside these classes, and its diversified publicity to channels together with Meals Away from Residence” BTIG upgrades Enersys to purchase from maintain BTIG says the battery producer is a key supplier of information heart know-how. “We improve Enersys (ENS, Purchase, $175 PT) on the again of bettering demand for its backup battery and energy options for telecom, industrial energy, and information facilities.” Wells Fargo upgrades Masco to obese from equal weight Wells says the constructing merchandise firm has an inexpensive valuation. “We improve MAS to Chubby in the present day just because it is one of many lowest beta methods to play the group, which we like amidst uncertainty…” Jefferies upgrades Viking Holdings to purchase from maintain Jefferies sees sustained development for the luxurious cruise firm. “Upgrading VIK on Seen Development and Enterprise Mannequin Power & Positioning.” Learn extra. Goldman Sachs initiates SiTime at purchase Goldman says the silicon-based precision timing options firm is an information heart beneficiary. “We provoke protection of SITM with a Purchase ranking and a 12-month value goal of $420.” Goldman Sachs downgrades Texas Devices to promote from purchase Goldman sees “lackluster execution.” “We downgrade Texas Devices to Promote from Purchase given lackluster execution via the cycle, and fewer leverage than friends within the upcycle we see forward.” Goldman Sachs downgrades Arm to promote from impartial Goldman sees restricted upside. “We downgrade ARM H oldings to Promote from Impartial given restricted leverage to the AI cycle, traction throughout non-traditional markets, and enterprise mannequin transition.” Goldman Sachs upgrades Teradyne to purchase from promote Goldman says the semiconductor tools testing firm has loads of upside. “We improve Teradyne to Purchase from Promote as we imagine the corporate will achieve better traction in GPU testing, plus restoration in conventional prospects.” Jefferies upgrades Trex to purchase from maintain Jefferies says the constructing merchandise firm is at a beautiful entry level. “We’re upgrading TREX to a Purchase & elevating our PT to $42.” Susquehanna initiates Fabrinet at optimistic Susquehanna says the semiconductor optical producer is effectively positioned. “Initiating protection on Fabrinet, a frontrunner in transceiver contract manufacturing and a key NVIDIA provide companion with proliferating alternatives in AI infrastructure.” Financial institution of America upgrades Charles River to purchase from impartial Financial institution of America says the life sciences firm has “early analysis publicity.” ” CRL is probably going the popular option to get publicity to early stage Pharma R & D. The corporate can be making good progress on cost-cutting / strategic assessment course of” Financial institution of America names Thermo Fisher a prime decide Financial institution of America sees bettering spend for the life sciences firm in 2026. “our prime decide is TMO , given its sturdy ties with biopharma and a number of enterprise traces that stand to learn from improved Pharma spend.” Evercore ISI initiates Honeywell at outperform Evercore says 2026 might be a pivotal 12 months for the inventory. ” HON has the richest catalyst path of the shares we cowl…” Evercore ISI initiates GE Vernova at outperform Evercore says GE Vernova shares will not be low-cost however that it has strong development. “It is costly, however you get what you pay for. > 10% org income development 2025-28E, 1,000bps of margin growth & prospect of ongoing capital returns.” Wolfe downgrades AT & T to look carry out from outperform The researcher says AT & T has a scarcity of visibility proper now on the inventory. “We downgrade T to Peer Carry out on a ‘wait and see’ strategy to ARPU in a altering market.” Evercore ISI reiterates Apple as outperform Evercore says the inventory stays a prime thought in 2026 and that shares are compelling for the lengthy haul. “AAPL: Enticing LT alternative pushed by long-tailed improve cycle (new iPhone kind issue), AI tailwinds from a wiser Siri, monetization alternative with third occasion throughout 1.5B+ set up base, stable development in Wearables and Service, and robust margins.”