A compilation of significant Wall Street research calls that are creating buzz and influencing the market is now available in one place. Here are today's noteworthy research upgrades and downgrades that investors should take note of, as gathered by The Fly.
Top 5 Upgrades:
- Baird raised its rating on RTX (RTX) to Outperform from Neutral, setting a new price target of $160, previously $136. The firm anticipates a reduction in GTF engine headline risk by the end of 2025. - Barclays upgraded Mosaic (MOS) to Overweight from Equal Weight, raising the price target to $33 from $27 following the company's recent investor day. Barclays foresees decreased volatility and increased profits for Mosaic. - Argus lifted its recommendation on Restaurant Brands (QSR) to Buy from Hold, with a price target of $80, citing opportunities for global brand expansion. - Compass Point upgraded Affirm (AFRM) to Buy from Neutral, with a revised price target of $64, up from $61. The firm views the recent dip in Affirm shares as excessive following strategic moves by Klarna Group. - Cantor Fitzgerald upgraded Tesla (TSLA) to Overweight from Neutral, maintaining the price target at $425. This upgrade followed an inspection visit to Tesla's facilities ahead of the company's upcoming launch of the Robotaxi segment.
Top 5 Downgrades:
- Oppenheimer downgraded Goldman Sachs (GS) to Perform from Outperform on account of the lack of expected rebound in M&A activities. Jefferies (JEF) and Carlyle (CG) were also downgraded by Oppenheimer to Perform from Outperform. - Daiwa lowered its rating on XPeng (XPEV) to Hold from Buy, with a price target of $24 versus the previous $8.90. The firm expressed concerns about the stretched valuation of Xpeng driven by recent sales performance. - TD Cowen downgraded BP (BP) to Hold from Buy, reducing the price target to $36 from $40. The firm highlighted BP's challenges due to exposure to lower netback regions and fixed cash calls. - JPMorgan downgraded Martin Marietta (MLM) to Neutral from Overweight, setting a new price target at $560, previously $640. The firm adjusted its estimates and switched preference to Vulcan Materials (VMC) over Martin Marietta in construction materials sector.