Monday was a busy day on Wall Street with numerous analyst moves. Stifel reiterated Tesla as a buy despite lowering its price target to $491, while Raymond James maintained Nvidia as a strong buy, arguing the stock does not deserve its discount relative to fundamentals. Goldman Sachs added Applied Materials to its conviction buy list, and William Blair initiated coverage on GE Vernova as a favorite, believing the market underestimates the need for electrical infrastructure buildout. Wells Fargo downgraded eBay to underweight due to escalating US competitive intensity, and Morgan Stanley downgraded Circle to underweight with a $38 price target, just hours after TD Cowen initiated coverage with a $82 price target.
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