Here are Monday’s biggest calls on Wall Street: UBS reiterates Berkshire Hathaway as buy The firm raised its price target on the stock to $796,021 per share from $806,724. “We continue to believe BRK’s shares are an attractive play in an uncertain macro environment with good fundamentals in its Insurance businesses.” Citi initiates Kaspi.kz as buy Citi said the “Super App” Kazakhstan company has a long runway for growth. “We initiate coverage of Kaspi.kz with a Buy rating and $140 Target Price, as we see a continued strong growth runway domestically and now internationally.” Morgan Stanley reiterates Apple as buy Morgan Stanley said it’s sticking with the stock following the release of the company’s annual 10-K analysis. ” Apple generated $29.6B of operating income in the September quarter, up 10% Y/Y, equivalent to an operating margin of 31.2%, a new September quarter record.” Morgan Stanley reiterates Amazon as overweight Morgan Stanley raised its price target on Amazon to $230 per share from $210. “Following a better than expected 3Q EBIT and 4Q guide, we raise ’25/’26 EBIT by 10%/6% driven by lower cost to serve, which is more than offsetting lower merchandise margin trends.” Goldman Sachs initiates KinderCare as buy Goldman said it’s bullish on the early learning child care center. “We believe KLC is differentiated through its focus on community-based child care centers, which has leaned into the new work-from-home dynamic to drive center occupancy rates to 71%, above pre-COVID levels of 69%.” Morgan Stanley upgrades Entergy to equal weight from underweight Morgan Stanley said the energy company’s outlook has improved. ” ETR now has improved outlooks for growth and risk: Industrial sales help EPS grow above peers at 8-9%, and LA regulatory issues have been resolved more constructively than expected.” Morgan Stanley upgrades Roblox to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it sees a long runway for growth. ” RBLX’s success reaching a broader audience and scaling on new platforms (e.g. PlayStation) suggests the company’s opportunity is only growing.” Barclays initiates Rollins as overweight Barclays said in its initiation of Rollins that the pest control stock is “priced to perfection.” “Best in-class brand, leading market positioning, attractive business model, and effective capital allocation create a consistency of results to warrant a premium multiple.” William Blair reiterates Nvidia as outperform The firm said it’s standing by the stock. “Since our initiation, our confidence in Nvidia’s ability to maintain its market-leading position for AI infrastructure has only been reinforced by 1) the positive commentary around AI demand from key manufacturer TSMC, who expects AI demand to outstrip supply through 2025; 2) the strong start to Blackwell shipments last month as the company moves past a design-flaw-related delay…” Bernstein initiates Trip.com and Tencent Music Entertainment a outperform Bernstein said the two stocks are “leaders” in the China internet space. “We initiate with Trip.com Group (TCOM, $85) and Tencent Music (TME, $14) both at Outperform, two leaders in their own sectors with strong supply-side differentiated models and growth trajectories.” Morgan Stanley downgrades STMicroelectronics to underweight from equal weight Morgan Stanley said it sees too many headwinds from the semis manufacturer. “We are downgrading STMicro to Underweight given headwinds in the automotive market, and flat sales elsewhere.” Bank of America adds Trade Desk to the US 1 list The firm added the stock to its top picks list. “We are adding Trade Desk Inc. (TTD) to the US 1 list.” Barclays upgrades KeySight Technologies to overweight from equal weight Barclays said it sees an “attractive buying opportunity” for the electronics test manufacturer. “With last Q orders positive y/y for the first time in six consecutive Qs, > 80% of the company’s business lines either stable, recovering, or accelerating, and KEYS’ multiple treading water YTD and below peer levels and historicals, we believe now is an attractive buying opportunity for the stock.” Citi adds a positive catalyst watch on Abercrombie & Fitch Citi said it’s bullish on the clothing company heading into earnings later this month. “We anticipate another strong 3Q EPS beat vs cons driven by strong DD comp momentum at both A & F/Hollister, though we see potential for Hollister comps to outpace A & F for the first time in many years.” Bank of America upgrades Charter to buy from neutral Bank of America upgraded Charter following the cable company’s earnings on Nov. 1. “Overall, results were much better than forecast as both broadband subscriber and overall financial results beat our projections. The company appears to be gaining momentum as sub results are improving and it works its way through plant upgrades and build-outs.” Bank of America upgrades Peloton to buy from neutral Bank of America said it’s bullish on the company’s new CEO and that it sees EBITDA growth. ” Peloton’s new CEO Peter Stern does not have public company CEO experience but meets all the criteria set by Peloton’s board including: 1) consumer software and hardware experience; 2) subscription services.” Bank of America resumes Southwest as neutral The firm reinstated coverage of the stock and says the risk/reward is balanced. “We expect the earnings uplift from LUV’ s self-help initiatives will take several years to be realized, so with this execution risk and the shares trading at the high end of historical ranges, we believe there is more balanced risk-reward.” D.A. Davidson reiterates Meta and Amazon as buy The firm said the stock’s are the biggest winners coming out of earnings. “With five of the Mag6 reporting, we believe the key takeaway is that the great data center buildout continues to escalate, with different winners and losers than before. We now prefer META and AMZN as the biggest winners, followed by AAPL, GOOGL, MSFT and NVDA.” UBS reiterates Walmart as buy UBS said the stock is a “core holding” ahead of earnings later this month. “We believe WMT’s 3Q results will provide more convincing evidence that supports why the stock should remain a core holding.”
