(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Refresh every 20 to 30 minutes to see the latest posts.) An electric vehicle stock and a home improvement giant were at the center of the Attention Monday among the first analyst calls. Barclays lowered its rating on Rivian Automotive to equal weight, citing future difficulties for the company. JPMorgan, meanwhile, moved Lowe’s to overweight ahead of lower mortgage rates. Check out the latest calls and chats below. All times ET. 5:43 a.m.: Buy Lowe’s before mortgage rates drop, JPMorgan says The Federal Reserve is expected to begin easing monetary policy later this year, which could lead to lower mortgage rates, pushing Lowe’s, according to JPMorgan. Analyst Christopher Horvers upgraded the home improvement giant from neutral to overweight. The analyst also raised his price target on the stock to $265 from $210, implying an upside of 19.2%. “The market is pricing in rate cuts of 150 basis points by the same date next year, which suggests mortgage rates will fall to around 5.5% by January 2025, with implied levels close to 6% by September 2024.” , Horvers wrote. “Last time mortgage rates were at 5.5%, single family [existing home sales] trending around 4.3 million homes, which would represent a growth rate >20% over recent levels. Lowe’s shares struggled in 2024, falling 0.1%, while the S&P 500 rose 5.4% to record highs. LOW .SPX YTD mountain LOW vs SPX in 2024 — Fred Imbert 5.43am: Barclays downgrades Rivian Automotive amid broader EV market slowdown Supply constraints are just one of the near-term issues for Rivian Automotive, according to Barclays.Analyst Dan Levy downgraded the shares to equal weight from overweight. He also lowered his price target from $9 to $16, suggesting an upside of just over 4% from the stock’s last close of $16.68. dollars. to avoid greater signs of demand pressure amid a broader EV slowdown Weaker demand implies profit risk, with slower volume growth making it harder for the company to achieve positive margins and cash flow Rivian’s continued need for capital raises “The consequences of weak demand are significant. This not only means that volume prospects are called into question, but also present potential price risk: with both points strengthening, RIVN will likely not miss its 2024 goal of achieving gross margin profitability,” Levy wrote in a Monday note. “Additionally, with ongoing capital needs, given preparation for high R2 volume in 2026, we anticipate future pressures.” However, Levy’s equal-weight rating is based on his belief that Rivian is well-positioned to capture “a solid share” of the North American electric vehicle market, allowing for more long-term upside. — Pia Singh