Here are the biggest calls on Wall Street on Monday.
Morgan Stanley raised its price target on Facebook to $270 from $250.Citi downgraded Morgan Stanley to neutral from buy.KeyBanc upgraded L Brands to overweight from sector weight.KeyBanc downgraded Dollar Tree and Big Lots to sector weight from overweight.James Gorman, chief executive officer of Morgan StanleyOppenheimer upgraded Costco to 'outperform' from 'market perform'
Oppenheimer said in its upgrade of the stock that it saw an attractive valuation and upbeat top line trends among other things.shares have lagged up 3% vs. a gain of 14% in the S&P 500. With a now more accommodative valuation on a relative basis, the potential for well above peer top-line trends set to continue, and prospects for a special dividend, we again see the case for outperformance.
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