Here are Monday's biggest analyst calls: Nvidia, Amazon, Tesla, Meta, Disney, Apple, Uber, JPMorgan Chase & more

Here are Monday's biggest calls on Wall Street: Wolfe upgrades Hess to outperform from peer perform Wolfe said it sees an attractive risk/reward for the oil and gas company. "We upgrade Hess to Outperform with a PT of $150/sh ($70 Brent) to reflect our view that scenarios for its potential merger with Chevron have aligned to position the shares with an attractive risk/reward." Morgan Stanley upgrades Blackline to overweight from equal weight Morgan Stanley said the software company is undervalued. "With BL trading at a > 35% discount to peers, investors are underpricing 30%+ FCF growth." Morgan Stanley upgrades US Bancorp to overweight from equal weight Morgan Stanley said U.S. Bancorp is well-positioned going forward. "USB has a relatively high concentration of interest bearing deposits which should reprice quickly as rates fall." Cantor Fitzgerald reiterates Nvidia as overweight Cantor said the AI chipmaker remains a top idea at the firm. "Our Top Picks heading into year-end remain and TER." Morgan Stanley names Autodesk a top pick The firm sees "margin opportunity" for the software company. "Our deep dive on Autodesk' s margin opportunity increases our conviction in upside to EPS, making ADSK our Top Pick." Barclays reiterates Tesla as equal weight Barclays says it's not sure the EV maker's upcoming robotaxi day will be a game changer. "With Tesla investors largely entrenched in their views, we don't see the event significantly changing views of Tesla's opportunity in [autonomous vehicles]." Citi reiterates Meta, Uber and Amazon as top picks Citi said it's sticking with Uber, Meta and Amazon shares. " META, AMZN , and UBER r emain our top-picks.' Morgan Stanley reiterates Apple as overweight Morgan Stanley says the iPhone 16 cycle remains "unchanged" for now for Apple. "iPhone 16 lead times as of Sept. 27th are still tracking lower than the past 3 iPhone cycles, but lead times for 16 Pro/Pro Max models are now extending/stabilizing across all regions that we track, an unexpectedly positive development." Barclays upgrades Westlake to overweight from equal weight Barclays says it sees an attractive risk/reward for the chemical manufacturer. "We upgrade Westlake to OW, from EW, as we think the recent underperformance creates an attractive entry point for a name that we expect to continue to compound long-term value." Goldman Sachs initiates Permian Resources at buy Goldman says the oil and gas exploration and production company has free robust free-cash flow growth. "We are initiating coverage on Permian Resources (PR) with a Buy rating and a 12-month target price of $19, implying ~40% upside relative to [the] current price." Morgan Stanley downgrades JPMorgan to equal weight from overweight Morgan Stanley sees better value elsewhere than shares of JPMorgan. "We see more room for positive NIM [net interest margin] surprises elsewhere in our coverage, model negative operating leverage next year and are taking some chips off the table after outperformance." Seaport upgrades Disney to buy from neutral Seaport says it's doing a "mea culpa" and upgrading the theme park operator. "This a mea culpa on our outlook for DIS now that there are better macroeconomic underpinnings to the story. We had downgraded DIS shares in the summer, with the prior market downdraft that coincided with management commentary of flat attendance and [operating income] declines." Piper Sandler upgrades Amerant Bancorp to overweight from neutral Piper said in its upgrade of Amerant that it sees a transformation toward growth for the regional bank. "While 3Q results should be extremely messy — with a large reported loss — we think that outsized credit surprises should be behind us and optics should improve in 4Q24 and beyond." Barclays upgrades Brown-Forman to overweight from equal weight Barclays says the beverage company is a shot "worth taking." "After a challenging year for U.S. spirits as a whole, we believe we are close to the end of the negative revision cycle at BFB." Barclays downgrades Procter & Gamble to equal weight from overweight Barclays is downgrading the soap and toothpaste maker due to slowing growth. "As we're taking a more disciplined approach to relative valuation and looking at P & G's organic sales growth trajectory versus multinational peers over the next 12 months, we prefer to move to the sidelines." TD Cowen upgrades Accenture to buy from hold TD Cowen said in its upgrade of the IT services company that it sees a "well-insulated path to recovery forming." " ACN reinforced the demand stabilization theme & initial FY25 guide is appropriately positioned for positive revisions." UBS upgrades Brookfield Renewable Partners to buy from neutral UBS says the renewable energy company is a beneficiary of lower interest rates. "We reiterate our Buy rating on CWEN as our preferred renewables yield exposure, and upgrade BEP to Buy from Neutral. In our view, shares offer still attractive yields (~6% avg. for our Buy-rated stocks), limited policy risk with earnings supported by a base of stable contracted renewable assets and potential for near-term outperformance following Fed rate cuts."