By Michael Bloom
Publication Date: 2026-02-02 13:24:00
Here are the biggest calls on Wall Street on Monday: Goldman Sachs upgrades Futu Holdings to buy from neutral Goldman says the China wealth management company has a differentiated offering. “We upgrade FUTU to Buy from Neutral, with our revised 12m target price of US$213.39 implying 29% upside. Our upgrade reflects the positive capital market outlook from GS Asia and US strategists and a re-evaluation of FUTU’s new client growth and turnover rate.” Read more. Bank of America reiterates Nvidia as buy Bank of America says investors should by any weakness in shares of Nvidia. “Our $275 PO is based on 28x CY27E PE ex cash, within NVDA’s historical 25x-56x forward year PE range, which we believe is justified by NVDA’s leading share in fast-growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming market, and concerns around access to power.” Barclays upgrades Quest Diagnostics to overweight from equal weight Barclays says shares of the diagnostics company have plenty more room to run. “We upgrade DGX to OW and raise our PT to $210 ($195 prior).” HSBC downgrades Chevron to neutral from buy HSBC downgraded Chevron mainly on valuation. “Downgrade to Hold (from Buy) after strong YTD share price performance.” Citi upgrades Teck Resources to buy from neutral Citi says it’s bullish on a combination of Teck and Anglo American. “The proposed merger with Teck to form AngloTeck is transformative, creating a top-tier copper producer with an 80%…
