Here are Monday ’ s biggest calls on Wall Street:

Wells Fargo reiterates Apple as overweight

Wells raised its price target on the stock to $275 per share from $225 ahead of earnings on Aug. 1.

"Heading into Apple ’ s F3Q24 print we see potential for moderate upside to iPhone ests; our / investor focus firmly centered on Apple Intelligence ’ s ability to drive significant refresh on an aging install base w/ room for ASP upside in F4Q24 / F1Q25."

Piper Sandler reiterates Nvidia as overweight

Piper raised its price target on the stock to $140 per share from $120.

"We view the setup for NVDA positively ahead of the July quarter earnings and the October quarter guidance."

Goldman Sachs initiates Talos Energy as buy

Goldman said the energy company has a "strong oil mix and free cash flow."

"We initiate on Talos Energy ( TALO ) with a Buy rating and a 12-month target price of $14."

Guggenheim downgrades CrowdStrike to neutral from buy

Guggenheim downgraded the stock following Friday ’ s global IT outage.

"We are downgrading CRWD to Neutral from Buy due to likely resistance to new deals in the near-term as a result of anticipated fallout from the apparent quality assurance issue that caused a massive disruption of IT systems across the globe, in addition to what we always saw as risk in F4Q consensus estimates, especially ARR [ annual recurring revenue ] ."

Goldman Sachs downgrades Lennar to neutral from buy

Goldman downgraded the homebuilder stock mainly on valuation.

"Moving to the Sidelines Following Recent Outperformance: As we consider the operating environment over the coming quarters, we see less upside in LEN vs others in our coverage."

Goldman Sachs initiates Webtoon as buy

Goldman said it ’ s bullish on shares of the digital storytelling company.

"We are initiating coverage of Webtoon Entertainment, Inc. ( WBTN ) with a Buy rating and a $62 12-month PT."

TD Cowen initiates Berkshire Hathaway as hold

TD Cowen said it likes the stock but valuation is full right now.

"Berkshire Hathaway ’ s old-school conglomerate structure has faced challenges in a number of key areas of late despite being powered by an insurance business that continues to shine."

Raymond James downgrades Estee Lauder to market perform from strong buy

Raymond James said it ’ s concerned about a China recovery.

"We downgrade EL to Market Perform as a slower recovery in China and travel retail and heavy competition in the U.S. dampen our prior expectations for a more significant rebound in FY25."

JPMorgan upgrades Abercrombie & Fitch to overweight from neutral

JPMorgan said it sees rising demand for the clothing retailer.

"With shares down ~20% since 1Q EPS we upgrade ANF to Overweight with our fieldwork & mgmt access pointing to continued broad-based demand at the Abercrombie brand..."

Citi adds a positive catalyst watch on Nvidia

Citi said it ’ s further upside for Nvidia ahead an annual conference where the company is appearing.

"Third, we expect to hear accelerating AI demand trend at the conference with no signs of an air pocket and view the recent pullback in the stock ( 13% P/E discount to 3-year average ) on geopolitical concerns as a buying opportunity."

Jefferies reiterates Amazon as buy

Jefferies said the setup looks favorable heading into Amazon earnings on Aug. 1.

"But the focus remains on high-margin AWS ( accelerating ) and Advertising ( early in ramping Prime Video ) , which give tailwinds to rev and margins. Maintain Buy $235 PT."

Baird upgrades Henry Schein to outperform from neutral

Baird said in its upgrade of Henry Schein that the dental company has potential upside.

"With dental stocks underperforming the S&P 500 by 20+ points year-to-date, a lot of bad is clearly priced into the group."

Bernstein downgrades American Airlines to market perform from outperform

Bernstein said a commercial recovery will take time for American.

"While a catch up event could still be in the cards, there ’ s enough working against AAL at

present to give us pause in under-writing a longer term investment case."

Stifel upgrades International Flavors to buy from hold

Stifel said the stock is at a volume inflection point.

"From a stock standpoint, we upgrade IFF shares to Buy anticipating the 1Q24 volume inflection continues, with the company likely lifting 2024 guidance."

Wells Fargo names Burlington a top pick

Wells raised its price target on the stock to $300 from $275 and says it ’ s a new top pick at the firm.

"Naming BURL our ‘ Top Pick ’ in the space and raise PT to $300."

Citi opens a negative catalyst watch on Micron

Citi said it ’ s sticking with its long term buy but is concerned about Nvidia competition.

"We are initiating a negative catalyst watch on MU as we expect the stock to trade poorly over the next month as we expect Samsung to qualify HBM [ high bandwidth memory ] with NVDA in 3Q24 and raise capex."

Bank of America upgrades C.H. Robinson to buy from underperform

The firm said it sees margin upside for the trucking company.

"We upgrade CHRW to Buy from Underperform and raise our PO to $99 from $76, on 22.5x our 2025e EPS."

Oppenheimer reiterates Coinbase as outperform

Oppenheimer said it sees an "attractive entry point" for Coinbase shares.

"Coinbase ’ s Long-Term Thesis Is Underappreciated."