Here are the biggest news stories from Wall Street on Monday: Loop reiterated its Apple purchases and said a channel check showed Apple’s iPhone shipments were “stronger than expected.” “Reiterating the buy and $300 PT following work by loop supply chain analyst John Donovan, we see September Q iPhone shipments coming in stronger than expected.” Piper Sandler reiterates Tesla, saying overweight Piper is holding on to Tesla heading into profitability later this week. “The stock price has fallen about 15% since its previous high. [robotaxi] We believe the potential for further declines will largely depend on gross margins. “We expect gross margin to increase compared to last quarter, but if we’re wrong, the next few months could be choppy at best.” Deutsche Bank Acquires GE Vernova, Deutsche Says Bullish About General Electric’s Power Spinoff “ GEV is a pure-play company with strong growth prospects, anchored by global investments in power generation capacity.” Morgan Stanley says the biotech company is well-positioned. is a clinical-stage company focused on developing treatments. Barclays downgrades UPS to underweight from equal weight. Barclays believes the shipping giant will face a lot of trouble in the near term. “Near-term earnings may still be pressured by the weak package demand backdrop, but longer-term by pressures from Amazon, non-union FedEx competition and limited dividend growth create a relatively difficult environment for UPS stock. It provides a perspective.” Stifel downgraded Old Dominion and Saia from Buy to Hold. Stifel downgraded a pair of trucking companies primarily based on valuation. “Old Dominion and Saia are both leading operators gaining share and structurally increasing earnings power over the cycle, but both stocks are valued within their target price ranges, and a modest cyclical recovery means it may be difficult to squeeze out additional juice. “We are downgrading it to pending.” Goldman Sachs upgrades Warby Parker to buy neutral Warby Parker. Goldman sees customer growth for eyewear companies. “While we acknowledge the high valuation, we are seeing several new tailwinds within the WRBY business, including expanding insurance partnerships over the next year, some green shots in the vision care market, and strengthening aggressive customer growth.” Needham upgrades GitLab and buys it from pending status. Needham said there is upside for the software company. “We upgraded shares of GitLab to a Buy rating with a $70 price target. Deutsche Bank upgraded Healthpeak Properties to Hold Buy. Deutsche says the real estate investment trust is gaining market share. “We upgrade ARE and DOC We believe that will gain market share in this segment. Deutsche Bank reiterated its bullish buy Deutsche Bank on Reddit ahead of earnings later this month. “The overhang from lockdown expiration is now behind us. From a fundamentals perspective, we think the stock is well set up for print with healthy digital advertising sentiment despite some brand weakness and continued support from data licensing deals.” Wedbush upgraded RH from neutral to excellent performance. “Following last week’s meeting with RH CEO Gary Friedman and CFO Jack Preston, we have upgraded RH from NEUTRAL to OUTPERFORM.” Barclays reiterated Nvidia, saying it was sticking with its Overweight rating on the dominant maker of AI processors. “The positioning in the AI space is the most consensus we’ve seen so far this year, with consolidation around NVDA/AVGO and AMD refusing to do much after analysis.” Baird upgraded Mohawk Industries to better than neutral performance. Baird said he sees “green shoots” emerging for flooring companies. “ MHK: Upgraded to Outperform as we see new growth in flooring demand.” TD Cowen downgraded Solar Edge to a buy rating. TD Cowen downgraded the solar company due to headwinds in Europe. “We are downgrading SEDG from Buy to Hold due to weaker demand in Europe, which will delay volume/margin recovery and delay our timeline for achieving quarterly revenue/positive FCF of $550 million.” Morgan Stanley increased Home Depot’s price target from $380 to $450 with an overweight rating. “Preparing for the next phase of growth for your business while waiting for macro changes. Implications for home improvement background, composite professionals, SRS and future AI/retailers. Raising PT to $450.” Goldman Sachs downgraded Prologis from Buy to Neutral. Goldman said Prologis will be soft in the near term in its downgrade of the logistics real estate company. “Macro uncertainty surrounding interest rates, geopolitical instability, the U.S. election outcome, and recent environmental disasters have led to delays in tenant decision-making and leasing, and this is expected to continue through 2025.” JPMorgan upgrades Sportradar from Neutral to Overweight. JPMorgan said it was upgrading the stock after a series of positive investor meetings. “Following our recent investor meeting with SRAD CFO Craig Felenstein and SVP of Investor Relations and Corporate at G2E in Las Vegas, we upgraded SRAD to an overweight rating (neutral) and set our year-end 2025 price target at $15 (from $12). We’re moving upwards, please fund Jim Bombassei.” JPMorgan has added a positive catalyst to Xpev. JPMorgan sees several positive catalysts ahead for Chinese EV companies. “We are placing XPeng on Positive Catalyst Watch ahead of two important near-term events: 1) XPeng Technology Day on October 24, when a number of new initiatives are expected, and 2) 3Q24 results in late November.[s] Morgan Stanley downgraded ServiceNow from overweight to equal weight. Morgan Stanley said expectations are already baked into the stock. “We believe we can deliver on our third quarter results and expectations, but I will take a step back on ServiceNow. The stock is up 67% over the past year.” Loop upgrades JD.com from Hold to Buy. Loop says Chinese e-commerce companies are in a good position. “We are upgrading our rating on JD from Hold to Buy. We believe the company will be the biggest beneficiary of consumer stimulus and we believe the value of all stocks will continue to recover from historic lows.” Globally There are 2.6 billion people without broadband access, and Fortune Business Insights estimates the global revenue potential will reach $26 billion by 2032. “But while the disposable income of the unconnected is limited, Amazon’s satellite service faces established competition (Starlink), requires huge initial investments and has high recurring costs.”