Here are Monday's biggest analyst calls of the day: Apple, Citi, Alphabet, Bank of America & more

Here are the biggest calls on Wall Street on Monday

Needham downgraded the stock but raised its price target to $350 from $280 as it sees Apple transitioning to a "recurring-revenue business model.

"Post 4Q19 deliveries, we raise 2020-22 delivery forecast but believe the stock already discounts a very favorable future that requires near-perfect execution. That being said, we recognize is a thematic/momentum stock whose price can disconnect from fundamentals for periods of time. The bull narrative is strong and we see no immediate negative data point. PT to $315 from $290 on revised forecast."

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