Wall Street’s Most Influential Research Calls Revealed
Today’s top research calls from leading firms are shaping the market’s direction. Here’s a breakdown of the most significant upgrades, downgrades, and initiations:
**Top Upgrades**
* KeyBanc boosts DoorDash to Overweight, citing sustained growth in core and emerging markets, with a $177 price target.
* Morgan Stanley upgrades AutoNation to Overweight, driven by mitigated concerns over the franchise dealer business model, with a $200 price target.
* Barclays raises HP Enterprise to Overweight, anticipating growth in AI server revenues and improved storage performance, with a $24 price target.
* Wells Fargo upgrades Baker Hughes to Overweight, driven by better prospects in the Industrial & Energy Technology segment, with a $42 price target.
* JPMorgan boosts Petrobras to Overweight, citing supportive free cash flow and discounted valuation, with a $19 price target.
**Top Downgrades**
* Morgan Stanley downgrades Rivian Automotive to Equal Weight, citing limited ability to drive competitive compute progress, with a $13 price target.
* Morgan Stanley also downgrades General Motors and Ford, citing expectations of share loss, price/mix headwinds, and China risk.
* William Blair downgrades Global Payments to Market Perform, citing structural competitive challenges in the merchant business, without a price target.
* TD Cowen downgrades Expedia to Hold, citing weak business-to-consumer business, with a $150 price target.
* Piper Sandler downgrades Tyson Foods to Underweight, citing downside risk, with a $50 price target.
**Top Initiations**
* Wolfe Research initiates coverage of Apollo Global with an Outperform rating, citing attractive risk-reward and discounted valuation, with a $139 price target.
* Macquarie initiates coverage of Riot Platforms with an Outperform rating, citing massive scale as a pure-play bitcoin miner, with a $15 price target.
* Truist initiates coverage of Perspective Therapeutics with a Buy rating, citing potential platform validation and pipeline credit, with a $21 price target.
* JPMorgan reinstates coverage of Alcoa with a Neutral rating, citing limited near-term catalysts for aluminum pricing, with a $36 price target.
* Oppenheimer reinstates coverage of McGrath RentCorp with an Outperform rating, citing discontinued acquisition attempt, with a $120 price target.
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