Welcome to Extreme Investor Network, where we bring you the most up-to-date and market-moving research calls from Wall Street in one convenient place. Today, we have compiled a list of the top analyst calls that investors need to know about, showcasing both upgrades and downgrades in various sectors. Let’s dive in and see what the experts are saying.
**Top 5 Upgrades:**
1. **Micron Technology (MU) -** Baird has upgraded Micron Technology to Outperform from Neutral with a price target of $150, up from $115. The firm sees “meaningful upside opportunities ahead” for Micron, which has also been added to their list of top semiconductor ideas.
2. **Silicon Motion (SIMO) -** Morgan Stanley has upgraded Silicon Motion to Overweight from Equal Weight with a price target of $88, up from $59. The company has “ample business tailwinds” and potential upside from the artificial intelligence era.
3. **Sensata Technologies (ST) -** Evercore ISI upgraded Sensata Technologies to Outperform from In Line with a price target of $60, up from $44. The company is expected to have better execution, leading to multiple expansion over the next few years.
4. **Glaukos (GKOS) -** Jefferies upgraded Glaukos to Buy from Hold with a price target of $125, up from $84. Positive survey results show healthy expectations for their product iDos.
5. **U.S. Steel (X) -** Morgan Stanley upgraded U.S. Steel to Overweight from Equal Weight with a price target of $48. The firm believes that recent transformational investments will lead to value creation for the company.
**Top 5 Downgrades:**
1. **Peloton (PTON) -** Citi downgraded Peloton to Neutral from Buy with a price target of $4 due to recent management changes and a restructuring plan.
2. **Victoria’s Secret (VSCO) -** Morgan Stanley downgraded Victoria’s Secret to Underweight from Equal Weight with a price target of $15. The firm anticipates Q1 underperformance and a guidance reduction.
3. **Johnson Controls (JCI) -** UBS downgraded Johnson Controls to Neutral from Buy with a price target of $68, citing growth concerns compared to peers.
4. **Comerica (CMA) -** Citi downgraded Comerica to Neutral from Buy with a price target of $56, expecting limited loan growth.
5. **OpenText (OTEX) -** Scotiabank downgraded OpenText to Sector Perform from Outperform due to slower cloud growth assumptions.
Stay tuned as we continue to bring you the latest updates on analyst calls and market trends. Remember, knowledge is power when it comes to investing wisely. Join us at Extreme Investor Network for more in-depth analysis and expert insights into the world of finance. Happy investing!
