Here are Monday's biggest calls on Wall Street.
Here are Monday's biggest calls on Wall Street: UBS downgrades Vale to neutral from buy UBS said in its downgrade of Vale that it's concerned about "iron ore fundamentals" for the metals and mining company. "However, we remain concerned about iron ore fundamentals medium-term & see downside to the spot price; in our opinion, China steel exports are vulnerable to global restrictions & unlikely to be fully offset by stimulus.
Risk/reward looks balanced. Upgrade to Peer Perform." Morgan Stanley reiterates Nvidia as overweight The firm raised its price target on Nvidia to $160 per share from $150. "The current environment is completely supply constrained on Blackwell, and also partly on H200; we expect another very good quarter, but we think the bigger upward revisions happen later in the year.
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