Listed below are Monday’s greatest calls on Wall Road: JPMorgan reiterates Apple as chubby The agency is standing by its chubby score on the inventory heading into the iPhone occasion on Monday for Apple. “The ‘unknowns’ and watchpoints from the upcoming launch occasion will embody pricing and transport dates, launch date of iOS 18 and moreover incremental options and integrations over those already highlighted at WWDC to strengthen larger engagement from builders in addition to AI companions.” Morgan Stanley downgrades Church & Dwight to equal weight from chubby Morgan Stanley mentioned the inventory’s thesis has already “performed out.” “We’re downgrading CHD to EW, with our prior OW thesis having primarily performed out, and relative valuation now honest after a 28% run-up within the inventory for the reason that starting of 2023, 2,400 bps above the median of our protection group at 4%, and 1,500 bps above giant cap staples friends.” Deutsche Financial institution downgrades Colgate-Palmolive to carry from purchase Deutsche mentioned the inventory’s upside is already priced in. “We’re at present downgrading Colgate-Palmolive (CL) to a Maintain score (from Purchase), at the same time as we increase our goal worth to $109 on a roll-forward in time. In our view, CL continues to execute nicely, with potential paths to upside on each income and gross margin wanting forward into FY25.” UBS upgrades Janus Henderson to impartial from promote UBS mentioned administration’s new imaginative and prescient goes to “bear fruit” for the capital market firm. “We’re assuming protection and upgrading JHG from Promote to Impartial, as current outcomes point out enhancing fundamentals and early indicators of success underneath CEO Ali Dibadj’s new strategic imaginative and prescient.” Jefferies upgrades Exlservice Holdings to purchase from maintain Jefferies mentioned the analytics and digital options firm is an AI beneficiary. “We additionally improve EXLS to Purchase on trade main progress and, counter intuitively, it being an AI beneficiary.” Citi upgrades MarineMax to purchase from impartial Citi mentioned the boat seller is a “robust play” in a Fed pivot. “We’re upgrading shares of MarineMax from Impartial to Purchase, whereas elevating our goal from $40 to $44. JPMorgan initiates Wave Life Sciences as chubby JPMorgan mentioned the biotech firm is nicely positioned. “We provoke protection of Wave Life Sciences with an OW score and Dec-25 PT of $10.” JPMorgan reiterates Eli Lilly as chubby The agency mentioned the biopharma firm is nicely positioned for progress and is a greatest thought. “And whereas shares commerce at a major premium to friends, we see unprecedented progress for LLY over the subsequent decade led by the corporate’s incretin franchise as supporting the a number of.” Morgan Stanley reiterates Microsoft as chubby Morgan Stanley mentioned it is sticking with its chubby score on the inventory. “On August 21, Microsoft shared new disclosures relating to phase adjustments, metrics adjustments, and the corresponding re-allocation of an unchanged FQ1 outlook.” Morgan Stanley reiterates Nvidia as chubby Morgan Stanley mentioned it is sticking with its chubby score on the inventory. ” NVIDIA gross margins are prone to come down barely, however the issues are overblown in our view.” JPMorgan initiates GE Healthcare as impartial JPMorgan initiated the inventory with a impartial and mentioned it is not “totally snug with the margin of security nor have materials confidence within the timing of a China rebound and due to this fact provoke with a Impartial score.” “We’re initiating on GE HealthCare with a Impartial score and December 2025 worth goal of $90. Morgan Stanley reiterates Costco as chubby Morgan Stanley raised its worth goal on the inventory to $950 per share from $855. “We imagine COST’s progress drivers are sturdy, and each historic efficiency in addition to our view of the way forward for retail level to additional upside.” Morgan Stanley reiterates CrowdStrike as chubby Morgan Stanley mentioned it is sticking with its chubby score on the cyber safety firm. “We’re tactically cautious into CRWD’s investor day on 9/18.” JPMorgan upgrades U.S. Metal & Nucor to chubby from impartial JPMorgan mentioned in its improve Nucor that it has “robust product diversification.” The agency additionally upgraded U.S. Metal and mentioned buyers can purchase the dip. “Therefore, we improve NUE to OW-rated and STLD to N-rated given robust product diversification. We additionally upgrad e X to OW-rated after the current pullback represents a lovely shopping for alternative on standalone valuation help.” Citi reiterates Dell as purchase Citi mentioned it sees a number of optimistic catalysts forward after the corporate’s inclusion into the S & P 500. “Dell’s shares rallied (+5%) publish shut on Friday September 6, following the announcement that the corporate will rejoin the S & P 500 index, starting September 23.” Financial institution of America upgrades JetBlue to impartial from underperform Financial institution of America mentioned it sees an “enhancing backdrop” for the airline. “Air journey demand as measured by TSA throughput has been steady in current weeks as home capability continues to reasonable, coinciding with falling gas costs. Whereas we view these current traits as an trade tailwind, we see JBLU’s positioning as additional supported by ongoing self-help measures as demonstrated by final week’s optimistic investor replace.” Financial institution of America upgrades Texas Capital to purchase from underperform Financial institution of America mentioned the financial institution holding firm’s shares are compelling. “On Friday, TCBI introduced a collection of transactions which assist to slender the hole vs. mgmt.’s 2025 monetary targets (reiterated). Further progress continues to be required however we imagine this enterprise replace eliminates the bear thesis on the inventory.”