Here are Monday’s biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS raised its price target on Nvidia to $150 per share from $120. “Given all of this, we believe a $150 PT can be supported (prior $120) and we maintain our Buy rating as we roll our valuation basis forward from C2025 EPS [Calendar] to an average of C2025/C2026.” Stifel upgrades Ecolab to buy from hold Stifel said it’s bullish on shares of the food safety company. “The ECL story sounds better to us than it has in many years, and we expect the positive trajectory to continue.” Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it’s staying bullish on the semis company heading into earnings on July 18. “AI semi demand sustainability and TSMC’s wafer pricing trend should be key focus of TSMC 2Q results earnings call.” KBW upgrades Charles Schwab to outperform from market perform KBW said it’s getting bullish on shares of Charles Schwab. “Solving for Liquidity Risk with a Shift in Balance Sheet and Deposit Strategy; Upgrading to OP.” Guggenheim downgrades ServiceNow to sell from neutral Guggenheim said it sees too many risks ahead of earnings later this month. “While we believe 2Q24 will be fine when NOW reports on 7/24, we believe 2H24 presents risk to consensus Subscription, presenting material risk in the stock, currently trading at a rich 15x EV/NTM likely recurring revenue.” Wells Fargo reiterates Meta as overweight Wells raised its price target on Meta to $625 per share from $593. “Checks suggest robust 2Q ads performance. Raising 2Q to HE [high end] of guide despite some incr. FX headwind. 3Q guide likely constructive.” B. Riley upgrades Cinemark to buy from neutral B. Riley said it “missed the recent stock move” but that it’s bullish on shares of movie company Cinemark. “While we missed the recent stock move, we see further upside with a focus on 2025 and are upgrading from Neutral to Buy.” Redburn Atlantic Equities initiates Emerson as buy Redburn said it’s bullish on shares of the electric manufacturer. ” Emerson has undergone a significant transformation over the past three years to focus on automation and is now very well positioned to capitalise on positive secular drivers.” Wolfe downgrades JPMorgan to peer perform from outperform Wolfe said the risk/reward is more balanced for the banking giant. ” JPM has outperformed S & P / S & P Fins. since our upgrade last July, and while we still see ~10% upside to cons., concerns on short-end gearing, valuation, and buyback support more balanced risk-reward.” Raymond James upgrades Gilead to outperform from market perform Raymond James said it sees several growth drivers ahead for the biopharma company. “Amid Gilead’s evolution into a diversified company with contribution from oncology products, two intriguing growth drivers have emerged.” UBS upgrades PNC to buy from neutral UBS said the regional bank is best positioned. “As we await the long anticipated return to broader loan growth in 2H24, we think PNC appears better positioned than most to benefit from an improvement in demand.” Wells Fargo downgrades Bumble to equal weight from overweight Well said it sees too many challenges ahead for Bumble. “While late April app relaunch drove a ‘bump’ in trends, we haven’t observed a sustained benefit and believe 2H expects for reacceleration likely more challenging. We downgrade to Equal Weight.” Wells Fargo upgrades EnLink Midstream to overweight from equal weight Wells said it’s getting bullish on shares of the midstream energy provider. “We’re upgrading ENLC to Overweight & raising our PT to $17/sh.” TD Cowen upgrades Fortive to buy from hold TD Cowen said it’s bullish on shares of the industrial conglomerate. “Benchmarked vs. compounder peers, FTV’s financial performance and profile are attractive, and if investors gain confidence in deployment, we’d expect valuation to rerate higher towards the group from cycle lows.” Bank of America upgrades SolarEdge to neutral from underperform Bank of America said in its upgrade of SolarEdge that “negative overhangs now reflected in discount valuation.” “While valuation looks appealing at current levels, we look for a more tangible path for margin and cash flow recovery before getting incrementally bullish on the stock.” Stifel upgrades Columbia to buy from hold Stifel said it sees a “revenue inflection” for the clothing company. “We are opportunistically upgrading COLM shares to BUY and raising our 12 mos. TP to $92 from $84.” Oppenheimer upgrades Clearwater Analytics to outperform from perform Oppenheimer said expectations are now more reasonable for the software-as-a-service fintech company. “We upgrade CWAN to Outperform from Perform and establish a $25 PT.” Jefferies initiates Revolution Medicines as buy Jefferies said in its initiation of Revolution that it’s bullish on shares of the biotech company. “We see sig upside on a catalyst-rich 2H. Initiate Buy and $63 PT.” Baird upgrades Domino’s to outperform from neutral Baird said it sees an attractive risk/reward for the pizza company. “With shares down 7.5% from the June peak and with our confidence level in the fundamental outlook having risen, we now see a more appealing risk/reward on DPZ.” Morgan Stanley resumes Norfolk Southern as underweight Morgan Stanley resumed coverage of the stock and says it sees too many challenges. “Even as the dust settles on a tumultuous 18 months for NSC , we believe (unlike consensus) that it faces revenue challenges rather than cost hurdles.” Wedbush reiterates Apple as outperform Wedbush said it’s seeing signs of “iPhone stabilization” for Apple. “We are also seeing more signs of iPhone stabilization based on our recent Asia supply chain checks which is a very good sign heading into a monumental iPhone 16 upgrade cycle.” Wolfe upgrades Autoliv to outperform from peer perform Wolfe said in its upgrade of the auto safety supplier that shares of Autoliv are compelling. “Now, with the stock having pulled back approximately 18% from highs in late-May due to cyclical concerns about the near-term outlook, we see a more attractive re-entry point.” Wells Fargo reiterates Roblox as overweight Wells raised its price target on the stock to $43 per share from $41 ahead of earnings on August 1. “We are looking for incremental details on 2Q usage drivers as well as steps RBLX has taken to minimize future engagement degradation.” JPMorgan reiterates Disney as overweight JPMorgan said investors should buy the dip in shares of Disney. “We continue to see that reaction as overdone, noting that management had already signaled future growth would be driven more by capacity increases.”