(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Two tech stocks were among the names being talked about by analysts on Monday. Citi named Micron Technology a top pick ahead of the company’s earnings report this week. Meanwhile, Goldman Sachs initiated coverage of IBM with a buy rating. Check out the latest calls and chatter below. All times ET. 5:59 a.m.: Bernstein stands by outperform rating on Ferrari after recent event The outlook for Ferrari looks rosy from here, according to Bernstein. The financial firm stood by its outperform rating on shares of Ferrari after the luxury sports manufacturer hosted a sell-side and media event last week. Bernstein also reiterated its $512 price target, which implies that Ferrari stock could rise 23%. Shares of Ferrari have rallied nearly 23% year to date. Analyst Stephen Reitman cited the company’s “absolute commitment to its very successful business principles,” demonstrated at the event, as a catalyst going forward. “What we saw was the sheer scale and determination of Ferrari to future proof its business fundamentals rather than an intention to meaningfully increase production in the near term,” he wrote. Additionally, Reitman noted the “deep thought process” behind Ferrari’s first fully electric vehicle, which is due out in the fourth quarter of 2025. The automobile manufacturer also shared more details behind its new e-building, designed to produce combustion, hybrid and battery electric vehicles using “state-of-the-art technology,” he wrote. — Lisa Kailai Han 5:57 a.m.: UBS sees 30% upside for shares of Anheuser-Busch InBev It’s all uphill from here for Anheuser-Busch InBev , according to UBS. The bank upgraded shares of the brewing company to a buy rating from neutral. UBS also increased its 12-month price target on the stock to €72 from €63.50. This would represent a 30% upside for the stock. Analyst Sanjeet Aujla cited an inflection point in growth, margins and cash returns as a catalyst. “Over the next 12m, ABI is at the cusp of delivering the ideal consumer staples growth profile, which it has never consistently achieved since pre-2008; namely consistent volume growth (1.5-2%), whilst pricing in line with inflation, with margin expansion, strong cash conversion, and ND/EBITDA < 3x,” he wrote. Specifically, Aujla believes that margin upside could come from the company’s cost-saving measures. Volume growth will also lead to earnings and cash upside for the stock. U.S.-listed shares popped more than 2% in the premarket following the upgrade. Year to date, they are down 8.6%. BUD 1D mountain BUD pops — Lisa Kailai Han 5:48 a.m.: Micron is a top pick at Citi Citi called Micron Technology a top pick ahead of the chipmaker’s earnings report due Wednesday. Analyst Christopher Danely raised his price target to $175 from $150 representing 25% upside. Micron has already climbed nearly 64% this year. Going forward, Danely expects the stock to trade “above its historical average but below AI peers,” he wrote. “We believe Micron should continue to trade at a premium to its historical range given AI exposure.” As a catalyst, the analyst pointed to Micron’s fiscal third-quarter earnings results, due on June 26 after the market closes. Danely thinks the company could post both an earnings and revenue beat due to higher dynamic random-access memory pricing. Specifically, the analyst estimated earnings of 36 cents per share on revenue of $6.80 billion, which would come above the current consensus of 30 cents on revenue of $6.64 billion. Additionally, Danely predicted that the company could guide for its fiscal fourth-quarter revenue at $8 billion, above the current consensus estimate of $7.58 billion. — Lisa Kailai Han 5:48 a.m.: Goldman Sachs initiates IBM as a buy Dow Jones Industrial Average member IBM is primed for strong gains ahead, according to Goldman Sachs. Analyst James Schneider initiated the legacy tech giant with a buy rating. His $200 price target implies upside of 16% from Friday’s close. Shares were up 1% in the premarket. “IBM is a diversified provider of software, IT services, and enterprise hardware to global enterprise customers. We believe that IBM is in the middle innings of pivoting its portfolio to a suite of modernized application and infrastructure software and a broader array of services, away from a legacy-focused portfolio,” Schneider wrote. “We think the company is on track to sustain 5% – 7% long-term revenue growth and ~10% FCF growth, driven by growth in AI products and services, market share gains in consulting, and growth in its core software portfolio,” he added. Shares are up more than 5% for the year, outperforming the Dow. However, they lag the S & P 500’s 14.6% surge for 2024. IBM YTD mountain — Fred Imbert