Here are Monday’s biggest calls on Wall Street: Deutsche Bank upgrades Lam Research to buy from hold Deutsche Bank said the semis company is best positioned. “Despite the impressive move in shares YTD (+77%) and even in the last 3 months (+31%), we believe LRCX is well positioned to outperform peers over the next twelve months given these cyclical and secular tailwinds.” Read more . Bank of America reiterates Apple as buy The firm said iPhone 17 ship dates remain elevated. “Our tracking of iPhone ship dates on Apple’s own website, and various carrier websites, indicates that as of Sep 29th, ship time for the iPhone 17 (19 days) is more extended vs last year’s iPhone 16.” Wells Fargo upgrades Amer Sports to overweight from equal weight Wells Fargo said investors should buy the dip in the sporting goods company. “With AS shares -20% this past month (vs. SPX +3%), we take advantage of the sell-off following diligence/expert checks in China that point to little-to-no concern both NT and LT over recent Arc social media backlash.” Goldman Sachs upgrades Innoviz Technologies to buy from neutral Goldman Sachs said the autonomous vehicle company is well positioned. “Separately, we upgrade lidar provider Innoviz ( INVZ) to Buy from Neutral, reflecting design win potential over the next 3-6 months and relative valuation.” Jefferies initiates UP Fintech as buy Jefferies said it is bullish on the China fintech company. “UP Fintech is a leading integrated financial technology platform providing a cross-market, multi-product investment experience for investors around the world.” Morgan Stanley downgrades Wells Fargo and US Bancorp to equal weight from overweight The firm downgraded the stocks on valuation. “We are downgrading WFC and USB to Equal-weight from Overweight, driven by valuation and our below-consensus NII [net interest income] estimates.” Read more. Morgan Stanley upgrades Citizens Financial to overweight from equal weight Morgan Stanley said the regional bank is “compelling.” “As we look out to 2027, CFG’s strong 4+ pct pt ROTCE improvement story makes the stock more compelling, with multiple ways to get there.” Bernstein reiterates Nvidia and Broadcom as outperform Bernstein said the two stocks are a must-own. “Own both NVDA and AVGO . AI sustainability worries have climbed as huge numbers start to draw disbelief, and NVIDIA’s ecosystem investments raise eyebrows. But demand looks off the charts, NVDA’ s OpenAI deal and Hock’s new 5-year targets suggest we may still be early, and we are hard-pressed to think of a better use of NVDA’s cashflow at this point. We think both stocks can and should be owned.” Barclays reiterates Tesla as equal weight Barclays said it is sticking with its equal-weight rating. “Yet we believe the rally can also be put in context of Tesla as the ‘OG meme stonk’, with performance also reflecting a combination of technical factors (i.e. option activity / call purchasing), retail excitement, and Mag7 catch-up.” Morgan Stanley downgrades Novo Nordisk to underweight from equal weight The firm said in its downgrade of Novo Nordisk that it sees too many negative catalysts for the biopharma company. “We expect downward revisions to 2026-27 consensus from slower US GLP-1 prescription growth and competitive pressure, and we see catalysts with downside risk over the next 6 months.” Goldman Sachs reiterates Disney as buy Goldman Sachs said it is sticking with shares of Disney. “We believe that investor sentiment is mixed. Bulls see DIS as a high-quality earnings compounder with DD% EPS growth over the medium term underpinned by DTC subscriber growth and operating leverage, the benefits from at least 3 new cruise ships, and the return to Sports EBIT growth following a strong start to the launch of ESPN Unlimited.” UBS initiates Core & Main as buy UBS said investors should buy the dip in the fire protection company. “We initiate coverage on CNM with a Buy rating and $65 price target, representing ~27% upside.” Morgan Stanley reiterates AppLovin as overweight Morgan Stanley raised its price target to $750 per share from $480. “On 10/1 APP will launch its self-serve tool for non-gaming. This is a key catalyst to grow its ad business and prove that it can tap into billions of ad dollars outside the game industry.” Barclays initiates Oklo as overweight Barclays said shares of the nuclear company have plenty more room to run. “OKLO is a levered way to invest in the SMR [small modular reactor] theme.” Morgan Stanley reiterates Alibaba as overweight Morgan Stanley raised its price target on Alibaba to $200 per share from $165. “We raise our cloud growth estimates to 32% for F26 and 40% for F27, driven by increased capex, model upgrades, strategic partnerships and accelerated international expansion.” Deutsche Bank reiterates Intel as hold The firm raised its price target to $30 per share from $23. “INTC has had a busy month in the news, with multiple equity raises (USG, NVDA, etc.), collaborations (NVDA), divestitures (Altera), and macro related impacts (tariffs and trade restrictions) all acting as event driven catalysts for the stock.” JPMorgan reiterates Spotify as overweight JPMorgan said Spotify remains well positioned ahead of a possible price increase. The firm also raised its price target to $805 per share from $740. “There is considerable investor focus on a US price increase—which we believe could come by year-end or early 2026—that would drive further upside to our model.”