Here are the biggest calls on Wall Street on Monday: Morgan Stanley reiterates Nvidia and Broadcom as overweight The firm said it's sticking with both stocks. "This remains an unusual memory cycle, as data center strength is the only cause – which means that as we saw in April there are mixed signals elsewhere that may be a false flag. Memory isn't the best risk reward in our coverage – which we think is NVDA/ AVGO – but it's catching up fast." Goldman Sachs initiates Versigent as buy Goldman said the electrification company has plenty of upside.

"We are initiating coverage of Versigent (VGNT) with a Buy rating and a $48 price target, implying 20% upside." BMO downgrades Charles Schwab to market perform from outperform BMO downgraded the stock on valuation. "We are downgrading SCHW to Neutral from Market Perform. Fundamentals remain strong, but after a roughly 20% rally and outperformance vs.

SPX and XLF, we feel the risk/reward is more balanced." BMO initiates Crane as outperform BMO said it likes the company's A & D exposure. "We launch coverage of Crane a t Outperform with a $253 target (+17% upside)." Cantor Fitzgerald reiterates Tesla as overweight The firm said it's sticking with the stock ahead of earnings later this week. "Overall, we continue to see Tesla's Robotaxi segment and Cybercab as a software-as-a-service, high-margin model.

We continue to expect TSLA will have the ability to scale rapidly following commercialization (despite the delayed expansion) and capture meaningful market share." Barclays upgrades Lumentum to overweight from equal weight Barclays said buy the dip in Lumentum shares. "The underlying fundamentals remain strong for transceiver/laser demand, and we like the risk/reward on the pullback. Our PT remains unchanged at $1,000." Goldman Sachs upgrades Urban Outfitters to buy from neutral Goldman said it sees profit improvement.

"We upgrade shares of URBN t o Buy from Neutral with a 12-month price target of $93." Goldman Sachs upgrades Yeti to buy from neutral Goldman said it sees improving growth. "Our latest channel checks and brand momentum work increase our conviction that YETI's growth outlook is becoming more durable." Read more. Mizuho initiates BP as outperform The firm said shares of the oil and gas giant have plenty of upside.

"We are initiating coverage of BP Plc (BP) with an Outperform rating and $51/ADS NAVbased price target." Mizuho initiates TotalEnergies as outperform Mizuho said the energy company has a differentiated offering. "We are initiating coverage of TotalEnergies ( TTE) with an Outperform rating and $103 NAV-based price target." CLSA initiates Microsoft and Adobe as outperform CLSA said Microsoft is firing on all cylinders. The firm also initiated Adobe and says its "moats are neglected." "Among our six initiations, we recommend Microsoft as O-PF for its ubiquity, despite a bumbling Copilot that is acquiring shades of Clippy.

Adobe wins our vote with an O-PF - its stock reflects the market's fears, but its moats are neglected amid metrics that have held on better than believed." JPMorgan initiates Moog as overweight JPMorgan said the aerospace company has a wide moat.