Wall Street calls: Morgan Stanley reiterates Nvidia, Broadcom as overweight; Goldman initiates Versigent at buy

According to CNBC, Morgan Stanley reiterated Nvidia and Broadcom as overweight, saying the memory cycle remains unusual because data center strength is the main driver, while mixed signals elsewhere may be a false flag. Goldman Sachs initiated Versigent at buy with a $48 price target, implying 20% upside. The roundup also included BMO downgrading Charles Schwab to market perform from outperform on valuation, Cantor Fitzgerald reiterating Tesla as overweight ahead of earnings later this week, and Barclays upgrading Lumentum to overweight from equal weight. Goldman Sachs upgraded Urban Outfitters to buy from neutral and Yeti to buy from neutral. Mizuho initiated BP and TotalEnergies at outperform, while CLSA initiated Microsoft and Adobe at outperform. JPMorgan initiated Moog at overweight with a Dec. 2027 price target of $520, and Deutsche Bank initiated Regal Rexnord at buy with a $286 price target while downgrading Monster to hold from buy.