(This is CNBC Pro's live coverage of Monday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A banking giant and a consulting company were among the stocks being talked about by analysts on Monday.
Morgan Stanley downgraded JPMorgan Chase to equal weight from overweight. Meanwhile, TD Cowen raised its rating on Accenture to buy from hold. Check out the latest calls and chatter below.
All times ET. 6 a.m.
: Piper Sandler upgrades Amerant Bancorp, says shares can rally nearly 29% Florida-based bank Amerant Bancorp's recent capital raise has positioned the stock for steady improvement, according to Piper Sandler. Amerant on Thursday priced a $165 million gross capital raise at $19 per share, issuing roughly 8.7 million shares.
With that, analyst Stephen Scouten upgraded Amerant to overweight from neutral and raised his price target by 50 cents to $25.60. That suggests the stock — which is down 16.
5% year to date — can jump 29.2% over the next year. "We are upgrading shares to Overweight based on the attractive risk/reward dynamics in the shares post the raise," Scouten said in a note, also lifting his 2025 and 2026 earnings per share targets for the bank.
"AMTB is now armed with ample capital to grow rapidly within its Florida markets as it has now moved through the last stage of its multi-year transformation and into an execution stage." — Pia Singh 5:50 a.m.
: Morgan Stanley downgrades JPMorgan Chase to equal weight JPM.
