Wall Street’s top analyst calls have been making waves in the market, with some big changes being announced. From downgrades to upgrades and new initiations, investors need to stay on top of these research calls to make informed decisions about their portfolios. Here’s a rundown of today’s biggest research calls as compiled by The Fly.
Top 5 Upgrades:
1. Monness Crespi upgraded Snowflake (SNOW) to Neutral from Sell without a price target, citing valuation following a recent selloff.
2. Morgan Stanley upgraded PepsiCo (PEP) to Overweight from Equal Weight with a $190 price target, naming it the firm’s top pick in beverages and overall.
3. Bernstein upgraded Charter (CHTR) to Outperform from Market Perform with a $370 price target, reflecting a 25% upside.
4. CLSA upgraded Futu Holdings (FUTU) to Outperform from Underperform with a price target of $65.
5. BofA upgraded Pinnacle West (PNW) to Buy from Neutral with a price target of $80, citing improving regulatory conditions for the Arizona-based utility.
Top 5 Downgrades:
1. Williams Trading downgraded Nike (NKE) to Sell from Hold with a price target of $85, citing diminishing strength and strategic concerns.
2. Evercore ISI downgraded Prologis (PLD) to In Line from Outperform with an unchanged price target of $136.
3. Telsey Advisory downgraded Hibbett (HIBB) to Market Perform from Outperform with a price target of $74.
4. Evercore ISI downgraded Invitation Homes (INVH) to In Line from Outperform with an unchanged price target of $36.
5. JPMorgan downgraded Terex (TEX) to Neutral from Overweight with an unchanged price target of $63.
Top 5 Initiations:
1. Citi resumed coverage of Thermo Fisher (TMO) with a Neutral rating and $620 price target.
2. Wolfe Research initiated coverage of Dynatrace (DT) with an Outperform rating and $60 price target.
3. RBC Capital initiated coverage of Howmet Aerospace (HWM) with an Outperform rating and $75 price target.
4. Morgan Stanley initiated coverage of Ball Corp. (BALL) with an Equal Weight rating and $68 price target.
5. Morgan Stanley initiated coverage of Crown Holdings (CCK) with an Equal Weight rating and $87 price target.
Stay informed and make informed investment decisions with updates on Wall Street’s top analyst calls.
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