(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.) Monday’s early analyst chatter revolved around tech and consumer stocks. Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. Meanwhile, Citi upgraded HP Inc. on reduced costs and an improving PC market outlook. Check out the latest calls and chatter below. 5:43 a.m. ET: Citi upgrades HP Inc., sees nearly 20% upside Citi raised its rating on HP Inc. to buy from neutral Monday, hiking its price target to $33 per share from $31. “Our Buy thesis is predicated on: 1) continued improvements in PC ecosystem with inventory digestion completed, with potential for AI on PCs to drive higher revenue growth in outer years; 2) significant cost-takeout which we believe is supportive of margins and earnings recovery ahead; and 3) undemanding valuations and potential for higher FCF generation to drive higher buybacks,” wrote analyst Asiya Merchant. HP Inc shares have rallied more than 7% in the fourth quarter, but they’ve fallen 15% over the past three months. HPQ 3M mountain HPQ in past 3 months 5:43 a.m. ET: Jefferies initiates Colgate-Palmolive as buy, sees 15% upside Jefferies thinks Colgate-Palmolive will have no difficulty outpacing peers. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Jefferies’ forecast implies 15% upside from Friday’s close. Analyst Kaumil Gajrawala said the company’s market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth. “Green shoots from years of reinvestments are starting to show (org sales +6% LTM, vs. 1-2% from 15′-18′), with solid flow through expected as macro pressures wane,’ Gajrawala said. “We think these results are sustainable and draw a parallel to P & G’s successful transformation.” — Brian Evans
