Here are the largest calls on Wall Street on Monday: Bank of America initiates Klarna at purchase Bank of America says it’s bullish on the fintech cost firm. “We initiate on leading Buy Now, Pay Later (BNPL) provider KLAR with a Buy rating and $51 PO. Klarna offers consumers a convenient and transparent way to finance purchases, with its most prolific offering allowing buyers to split a transaction into four payments at 0% APR over 30-90 days.” Read more. Goldman Sachs initiates Figure at purchase Goldman Sachs says the blockchain firm is nicely positioned. “We initiate coverage of blockchain-enabled fintech lender Figure Technology Solutions (FIGR) with a Buy rating and a $42 12-month price target, based on 42.0x Q5-Q8 adjusted EPS, implying 4% upside.” Goldman Sachs reiterates Nvidia as purchase Goldman Sachs raises its value goal on the unreal intelligence chip inventory to $210 per share from $200. “We see significant upside to 2026 estimates for Nvidia, and are comfortable in risk/reward as ‘circular’ deals represent less than ~15% of revenue in 2027E.” Read more. Morgan Stanley upgrades Micron to chubby from equal weight Morgan Stanley says the inventory is affordable. ” Micron is pushing the envelope on valuation as the group rallies, but we believe we are looking at multiple quarters of double digit price increases which can lead to substantially higher earnings power – and resolve any lingering questions on specialty high bandwidth memory for AI.” Read more. Wells Fargo resumes Disney at chubby Wells Fargo resumed protection of the inventory and sees a re-rating. “We think DIS’s assets are growing + maturing, creating more predictability in EPS upside that will engender a rerating. We expect solid execution and a near-term conclusion on succession. We resume coverage with a $159 PT, Overweight rating.” JPMorgan downgrades Bath & Body Works and Abercrombie & Fitch to impartial from purchase The funding financial institution sees too many headwinds for each retailers. “While ANF has made significant marketing, merchandising/supply chain, and profitaiblity improvements relative to pre-pandemic, the Abercrombie brand has experienced headwinds … While BBWI’s has experienced a recent leadership change, we see the potential positive impact to the P/L from strategic initiatives as weighted to 2H26 and FY27…” Mizuho reiterates Oracle as outperform Mizuho says shares of Oracle have more room to run forward of its monetary analyst day. “We remain bullish on ORCL heading into the Financial Analyst Day, viewing it as a key catalyst to refocus attention on Oracle’s long-term AI growth story.” Mizuho reiterates Broadcom as outperform Mizuho says the inventory stays nicely positioned. ” AVGO To Continue Leading AI Custom Silicon with an Expanding Pipeline Driving EPS Upside, and Limited GM Dilution Impact.” Wells Fargo reiterates Microsoft as chubby Wells Fargo raised its value goal on the inventory to $675 per share from $650. “Key debate into FQ1 will be degree of Azure upside given incremental capacity in 1Q, though the last 2 prints (300/400bps Azure beats) present a high bar. With recent demand signals intensifying, expect MSFT broadly set to benefit. Raise PT to $675.” Baird reiterates Amazon as outperform Baird says “improving [Amazon Web Services] growth should help sentiment.” “On this ‘Open AI Monday’, we are opportunistic buyers of AMZN with likely acceleration in AWS growth in coming quarters, along with solid ongoing growth in high-margin Advertising and Services.” Wells Fargo upgrades Morgan Stanley Direct Lending to chubby from equal weight Wells Fargo says shares of the enterprise improvement firm are compelling. “We view MSDL as a compelling discounted name given its 0.79x NAV valuation, structural return protections through the credit lookback, and lower expense base that is more durable in a tighter spread environment.” JPMorgan reiterates Apple as chubby The agency says its channel checks present lead occasions are moderating for Apple’s iPhone. “In Week 4 of our Apple Product Availability Tracker, lead times moderated in what is typical for iPhones a month post launch, even though lead times are still tracking to elevated levels compared to lead times evidenced last year with iPhone 16 series, and pointing to higher demand y/y.” Jefferies upgrades Ford Motor to carry from underperform The agency says Ford has choices to navigate tariffs. “We expect Ford to remain committed to an electrification strategy and should benefit from a longer adjustment period.” Rothschild & Co Redburn upgrades Affirm to purchase from impartial Rothschild & Co Redburn says it’s getting more constructive on shares of the purchase now, pay later fintech firm. “Given Affirm’s more established product set and partnership-led international growth, we upgrade it to Buy.” Citigroup downgrades Boston Beer to impartial from purchase Citi says it sees “topline weakness” for the beer firm. “We are downgrading SAM to Neutral from Buy as topline weakness continued into the summer…” Deutsche Bank upgrades Mobileye to purchase from impartial Deutsche Bank says the chance/reward is simply too engaging to disregard forward of earnings later this quarter. “Ahead of 3Q earnings, we upgrade Mobileye from Hold to Buy, seeing a favorable risk/reward setup going forward.” Bank of America raises Brinker to purchase from impartial, cuts Shake Shack to underperform from impartial and Sweetgreen and Papa John’s to impartial from purchase The financial institution downgrades a number of restaurant corporations, seeing too many macroeconomic dangers. The agency additionally upgrades Brinker , saying the proprietor of Chili’s is in the course of a turnaround. “We are downgrading Sweetgreen (PO from $18 to $10), Papa John’s (PO from $62 to $50), and Portillo’s (PO from $14 to $7) to Neutral and Shake Shack (PO from $148 to $86, see here for our: separate rating change note) to Underperform. We are upgrading Brinker (PO from $190 to $192) to Buy.” UBS reiterates Tesla at impartial UBS raises its value goal on the Elon Musk-led EV maker to $247 per share from $215. “TSLA numbers will move higher post deliveries and while we expect tougher 4Q25, stock will move more on future AI commentary than numbers.”