Here are the biggest calls on Wall Street on Monday.
J.P. Morgan upgraded 3M to neutral from under weight.Wedbush raised its price target on Apple to $350 from $325.Tim Cook on stage at Apple's September 10, 2019 event.Bank of America lowered its price target on Boeing to $360 from $370"Due to the changes in production schedules as well as commentary by both the supply base and airlines, we are now estimating that the global average return to service of the 737 MAX will be May 2020 ."J.P.
"While partially a valuation call, it's also about sentiment and earnings trends. On sentiment, the secular story foris indeed challenged, and PFAS is a headwind but after a year in which earnings were successively missed and assuming a ~$10-15 B hit for PFAS, current levels seem to be discounting a challenged reality appropriately, and we see less earnings downside versus consensus.
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