By Michael Bloom
Publication Date: 2025-12-08 13:29:00
Here are Monday’s biggest calls on Wall Street: HSBC upgrades Visa, Mastercard to buy from hold HSBC upgrades both payment stocks and says it sees attractive entry points. “Upgrade V to Buy – TP to $389 from $335; upgrade MA to Buy – TP to $633 from $598.” Morgan Stanley downgrades Tesla to equal weight from overweight Morgan Stanley says it’s waiting for a better entry point for Tesla. “However, with the stock trading at 30x 2030 EBITDA downside to NTM [next twelve months] cons. estimates, and non-auto catalysts priced, we assume at EW and wait for a better entry.” Read more. Evercore ISI reiterates Apple as outperform Evercore raises its price target on Apple shares. ” Apple will maintain its capital light approach to AI while still reaping in the benefits through new potential revenue streams and operating an “AI toll booth”. Maintaining our OP rating and raising our target to $325 (from $300).” Pivotal downgrades Netflix to hold from buy The firm says the deal for Netflix to acquire Warner Bros is expensive. “We are moving to more conservative stance on our outlook as we believe this expensive deal does partly signal concern from management about trying to combat mediocre subscriber engagement trends.” Read more. Deutsche Bank downgrades 3M to hold from buy Deutsche says the stock’s valuation is full. ” MMM has gained 64% since we upgraded the stock to Buy in July 2024, and we credit much of this to ‘the Bill Brown effect’; the company hired a well-known, well…