Here are Monday’s biggest calls on Wall Street: Goldman Sachs upgrades Coinbase to buy from neutral Goldman said the stock is “best-in-class.” “In light of this, we u/g COIN t o Buy (from Neutral), reflecting a shift to structural growth through a growing derivatives business, best-in-class, growing crypto infrastructure businesses, and new, secularly growing products, particularly tokenization and prediction markets.” Read more. Raymond James upgrades Church & Dwight to outperform from market perform Raymond James said investors should buy the dip. “We are upgrading CHD to Outperform from Market Perform with a $100 price target, as we see a more favorable risk/reward following 2025’s pullback.” Bank of America upgrades Duolingo to buy from neutral The firm said stock is undervalued. “We upgrade DUOL to Buy from Neutral because we believe its value proposition as an entertainment product is not reflected in growth forecasts.” Barclays upgrades Mobileye to overweight from equal weight Barclays said the risk/reward for the stock is compelling. “Accordingly, with sentiment quite depressed on the stock, we believe risk/reward is favorable at the current level. To be clear, MBLY will need to demonstrate positive proofpoints for the stock to work – advanced content wins will be critical…” Barclays upgrades Procore Technologies to overweight from equal weight Barclays said it likes the construction company’s new CEO. “We upgrade PCOR to OW for 3 reasons: 1) construction usually improves 2 years after rate cuts, pointing to improvement in FY26 and follow-thru thereafter; 2) new CEO has driven wallet share in enterprise and the journey past $1B; and 3) could see revenue compound at 15% through FY27.” JPMorgan initiates Lumexa Imaging as overweight JPMorgan said shares of the diagnostic imaging company are compelling. “We are initiating on LMRI with an Overweight rating and December 2026 price target of $23 based on a target multiple of 12.5x our 2027 adj EBITDA.” Piper Sandler upgrades Motorola Solutions to overweight from neutral Piper said shares of Motorola have plenty of upside. “We are upgrading our rating on Motorola Solutions to Overweight (from Neutral) with a $443 price target (from $465).” Melius downgrades Uber to sell from hold Melius said it’s worried about rising competition. “Uber ‘s current valuation screens as cheap, but also assumes steady-state growth with no discernible impact from a competitive threat. We will see, but if growth were to moderate and / or further standalone expansion announcements from the likes of Waymo and Tesla were to come in the US market, there is certainly risk that doesn’t seem fully appreciated in the market today.” Piper Sandler upgrades Pinnacle Financial Partners to overweight from neutral Piper said the wealth management company has more room to run. ” PNFP has consistently delivered on high-single/low-double digit loan growth, and the fwd guidance for the combined company remains in the 9%-11% range.” Piper Sandler upgrades Arista Networks to overweight from neutral Piper said it sees increased visibility for Arista. “With 2026 being the ‘Year of Refresh’ with increasing enterprise mentions and investments, the exposure to hyperscalers / AI-Titans, and a conservative setup at a reasonable valuation, we are upgrading ANET to OW and increasing our PT to $159.” Baird upgrades Heartland Express to outperform from neutral Baird said the logistics company is best positioned. “Despite our more constructive view on the shares, we continue to believe Heartland needs to meaningfully adapt its business model to improve durability across cycles. While we appreciate the company’s operating discipline and its commitment to culture, relying on acquisitions to offset customer attrition is not a sustainable long-term strategy.” RBC upgrades F5 Networks to outperform from sector perform RBC said it has increased conviction in the software stock. “We are upgrading FFIV to OP from SP and raising our PT to $325 from $315.” Stifel upgrades Moody’s to buy from hold Stifel said it sees a “strong debt issuance year” for the stock. “We are raising our rating on MCO from Hold to Buy since we expect a strong debt issuance year in 2026, which should result in revenue and earnings outperformance.” Stifel initiates Cardinal Infrastructure Group as buy Stifel said shares of the civil construction company are best positioned. “We are initiating coverage of Cardinal Infrastructure (CDNL) with a Buy Rating and $28 price target.” Barclays upgrades Citizens Financial to overweight from equal weight Barclays said the stock trades at a discount. “We are upgrading CFG to OW from EW as we expect it to have the highest organic revenue growth rate in its peer group in 2026 and above-average earnings growth, yet it trades at a below-peer valuation.” Piper Sandler upgrades Varonis Systems to overweight from neutral Piper said the security software company is well positioned. “We believe that organizations will continue to piecemeal together data security solutions to address concerns, and the company’s stronghold across legacy data stores as well as the more recent modernization of its capabilities should enable VRNS to see continued momentum in both new customer growth as well as migration of the installed base to SaaS – rendering numbers conservative for the coming year.” UBS upgrades Emerson to buy from neutral UBS said it sees “improving growth trends” for the electric company. “Near-term software-related headwinds distract from underlying demand strength that we believe should drive upside to shares. To this point, EMR’s organic growth guidance for 2026 (+4%) is well below its most recent underlying orders growth (+6%), which could allow for positive revisions through 2026.” UBS upgrades United Rentals to buy from neutral UBS said it sees more growth for the equipment rental company. “We upgrade URI to Buy from Neutral, as we expect that a rebound in US non-residential construction activity in 2H 2026 and 2027 will support an acceleration in EBITDA growth.” UBS upgrades Dover to buy from neutral UBS says it likes the diversified global manufacturers growth prospects. “We think DOV’ s organic growth can step up in 2026 after two years of cyclical challenges, which, when combined with management’s capital deployment capacity and strong cost discipline, should allow for double digit annual EPS growth.” UBS reiterates Oracle as buy UBS lowered its price target to $280 per share from $325 but says it’s sticking with the stock. “The -41% correction in Oracle shares off the mid-Sept highs reflects a material deterioration in investor confidence in both Oracle’s outlook as well as OpenAI’s, weighing on the entire “OpenAI complex” of stocks.” Raymond James upgrades Estee Lauder to strong buy from market perform The firm says the turnaround is underway. “We upgrad e EL to Strong Buy from Market Perform and make it one of our top picks for 2026 as its turnaround shifts from story to execution.” Evercore ISI reiterates Amazon as outperform Evercore says it likes Amazon’s AI powered assistant. “We reiterate our Outperform and $335 PT on AMZN in the wake of our deep-dive analysis into Rufus, Amazon’s AI powered shopping assistant.” Bernstein upgrades ASML to outperform from market perform Bernstein says it sees a slew of positive catalysts ahead for the European semis company. “We upgrade ASML to Outperform and make it our top pick in EU semis for 2026.” Barclays upgrades Centene to overweight from equal weight Barclays says it sees upside for the health insurer. “We upgrade CNC to OW to capture attractive ACA [Affordable Care Act] exchange margin upside.” Mizuho upgrades Costco to outperform from neutral Mizuho says the stock is too attractive to ignore at current levels. “Shares have corrected ~20% on concerns that both membership and comp sales growth are slowing as part of some underlying change within the COST model.” Read more. Goldman Sachs adds Broadcom and Dick’s Sporting Goods to the conviction list Goldman added both stocks to its top ideas list. “We add Broadcom (AVGO) and Dick’s Sporting Goods (DKS) to the US Conviction List, while removing Capital One Financial (COF), Cadence Design Systems (CDNS) and Houlihan Lokey (HLI).” Melius upgrades Intel and Marvell to buy from neutral Melius says Marvell is firing on all cylinders. The firm also says it likes Intel’s leadership position. “We are upgrading shares of Marvell, which are down 11% from their recent intraday high in December of ~$100. … Upgrading Intel on 14A and Packaging Prospects: We really like Lip-Bu Tan, but more importantly – more powerful people like President Trump, Secretary Lutnick, Jensen Huang and even Lisa Su like him even more as a business partner.” Read more. Wells Fargo adds Roku and Coca-Cola to the tactical ideas list Wells added both stocks to its first-quarter tactical ideas list. “Our analysis suggests KO is primed to see US sales growth accelerate in Q126 as accelerating market share trends collide with market share trough from Q125. … .The mid-term election is also set to be a record, with CTV growing its share materially vs ’24. Taken together, and with tight opex mgmt (~7% growth), we think ROKU’s ’26 Adj. EBITDA guidance will impress.” Wells Fargo reiterates Citi as a top pick Wells raised its price target on top pick Citi. “Dominant #1 pick. Generational restructuring combined with generational deregulation should help to double returns to 14%. Increase 1 yr. PT to $150 (from $125; 1.3x ’27E TBV) and 3 yr. stock price of $200.” UBS reiterates Nvidia as buy UBS says it’s sticking with the stock heading into the Consumer Electronics Show. “NVDA is hosting a keynote on Monday night, where we expect it may give a little more information about Rubin and the QuantumX/SpectrumX silicon photonics switches, and perhaps further outline how the new Groq technology licensing deal fits into its AI factory vision…” JPMorgan reiterates Apple as overweight JPMorgan says Apple is going to make more progress on AI in 2026. “Starting with Apple again this year – we believe the key driver of upside will be related to the product cycle and ability to manage costs, rather than AI.” DA Davidson upgrades CoreWeave to neutral from underperform DA Davidson says its upgrade of the stock is “reluctant.” “We continue to believe that the equity in shares of CRWV may ultimately lose all its value since the entire value of the enterprise is owned by debt holders. However, we now see a potential fundraise for OpenAI as a possible short-term catalyst and are upgrading shares to NEUTRAL from UNDERPERFORM, thus requiring us to raise our target to $68 from $36.” Jefferies upgrades IBM to buy from hold Jefferies says IBM is a beneficiary of software growth in 2026. “Growing optimism from management across key growth areas.”