Tesla: China’s role and Self-Driving Potential

Goldman Sachs maintains a neutral rating on Tesla, emphasizing the importance of the Chinese market and the company’s full self-driving (FSD) capabilities.

We believe that Tesla’s ability to leverage its Full Self driving software in China will be important for the stock going forward given the size of the China market for vehicles, the increasingly competitive landscape for ADAS [advanced driver assistance systems] software and robotaxi offerings in the region and the role that future profits from AI enabled products like FSD have for Tesla’s valuation.

Despite optimism about FSD, Goldman Sachs is holding steady with its current rating.

Shopify: BMO Sees substantial Growth Runway

BMO capital Markets initiated coverage of Shopify with an outperform rating, citing significant growth potential.

We’ve initiated coverage of Shopify at Outperform with a US$120 target price.

BMO believes the e-commerce platform has a “substantial runway for growth on several fronts.”

Sweetgreen: jpmorgan Downgrades on Softening Demand

JPMorgan Chase & Co. downgraded Sweetgreen to neutral from overweight,pointing to weakening demand and the need for an improved value proposition.

We are downgrading Sweetgreen to Neutral with a $25 Dec-26 price target for several reasons. We see underlying demand trends continue to soften with further impact moving into higher income demographics.

ServiceNow: Goldman Sachs Reaffirms Buy Rating

Goldman Sachs reiterates its buy rating for ServiceNow, highlighting the company’s “durable” long-term growth potential.

We reiterate our Buy rating and $1,150 price target on ServiceNow after attending the company’s Analyst Day (5/5) in conjunction with Knowledge 2025. It is indeed clear that ServiceNow’s transition from IT-centric workflows to those cutting across multiple applications is well underway.

Canadian National: Susquehanna Upgrades to Positive

Susquehanna upgraded Canadian National railway to positive from neutral, citing attractive share valuations.

We see value in CNI on our view of modest cyclical risk to guidance vs. shares trading near the low end of their historic absolute and rail-relative valuation.

Walmart: Wells Fargo Stays Overweight Ahead of Earnings

Wells Fargo maintains an overweight rating on Walmart, anticipating a solid first quarter and continued market share capture.

We expect a solid, in-line Q1. The bigger question is how macro/tariff uncertainty impacts guidance; we expect a reiteration and more talk of share capture prospect. Rich valuation,but WMT’s ability to win regardless of the backdrop keeps us OW.

Church & Dwight: TD Cowen Downgrades on Slowing Growth

TD Cowen downgraded Church & dwight to hold from buy, citing a lack of growth catalysts.

Given the lack of a positive catalyst for U.S. inflection, low exposure to higher growth international markets, and CHD’s valuation premium to peers, we believe a Hold rating is warranted.

Coinbase: Monness, Crespi, Hardt Issues Tactical Downgrade

Monness, Crespi, Hardt downgraded Coinbase to neutral from buy ahead of upcoming earnings, expressing concern about first-quarter results.

We downgrade to Neutral (fr. Buy), cut estimates, and remove our price target on concern 1Q25 likely to be light along with tepid QTD txn [transaction] rev results/2Q25 guide.

mcdonald’s: Northcoast Downgrades on Margin Pressures

Northcoast Research lowered its rating on McDonald’s to neutral, citing concerns about margin pressures as consumers seek value.

We are lowering our rating on McDonald’s to NEUTRAL, concerned that converting topline sales to earnings will stall as consumers seek value while costs remain a headwind.

Palantir: Loop Capital stands by Buy Rating

Loop Capital maintains its buy rating on palantir Technologies, emphasizing the company’s position in the expanding enterprise AI market.

Bottom line, the market for enterprise AI is enormous, is at a tipping point as small-scale pilot programs move into production and AI use cases grow exponentially across all industries, and we believe PLTR is uniquely positioned as one of the category leaders in the space.

AT&T: Morgan Stanley Reaffirms as Top Pick

Morgan Stanley reiterates AT&T as a top pick,anticipating benefits from domestic tax policy.

We believe AT & T and Verizon are best-positioned to benefit from domestic tax policy, which would accelerate FCF and capital return to shareholders.

Nvidia: Bank of America Stays Bullish

Bank of america reaffirms its buy rating on nvidia, noting its significant presence in semiconductor portfolios.

Notably, despite confidence in NVDA’s l-t [long term] growth prospects, the stock’s weighting still remains relatively low at 1.05x, up slightly from the 1.01x level cited in the last update.

Apple: Morgan Stanley Dismisses Epic Games Lawsuit Concerns

Morgan Stanley maintains an overweight rating on Apple, viewing concerns about the Apple v. Epic Games lawsuit as overblown.

While last week’s Apple v. epic injunction bears watching, we think the basic EPS and multiple impact is low.

Broadridge Financial: Needham Initiates Coverage with Buy Rating

Needham & Company initiates coverage of Broadridge Financial Solutions with a buy rating, identifying it as a core holding.

We are initiating coverage of Broadridge ( BR) with a Buy rating and a $300 price target. BR is a provider of critical technology operations and communications services.