Big Analyst Calls on Nvidia, Apple, Qualcomm, and More

Morgan Stanley has reaffirmed its "overweight" rating on Disney, highlighting the company's Experiences division as a key area of growth. The firm emphasized the division's long-standing history of high and rising return on invested capital (ROIC), suggesting that its expansion is a significant factor in their bullish stance on the entertainment giant. In other market movements, Morgan Stanley has downgraded Qualcomm (QCOM) to "Peer Perform" from "Outperform." This decision stems from expectations that Apple's internal modem will impact Qualcomm's market position, alongside a normalization in premium Android sales. The firm anticipates that Qualcomm's focus on Internet of Things (IoT) growth may face challenges in attracting investor interest during its upcoming analyst day. HSBC has initiated coverage on GE Vernova with a "buy" rating, expressing optimism about the energy company's future. Meanwhile, Piper Sandler upgraded Robinhood to "overweight," citing an attractive entry point for investors. Goldman Sachs also initiated coverage on General Mills with a "buy" rating, reflecting confidence in the food products sector. Additionally, Bank of America upgraded Churchill Downs from "neutral" to "buy," raising its price target based on the company's promising growth pipeline. Canaccord has similarly upgraded Blend Labs to "buy," while Mizuho reiterated its "outperform" rating on Micron, albeit with a lowered price target. These moves indicate a generally positive sentiment in various sectors, despite some caution surrounding specific companies.