Wall Street's top analyst calls

Essentially the most talked about and market shifting analysis calls round Wall Road are actually in a single place. Listed below are in the present day’s analysis calls that buyers must know, as compiled by The Fly.

Prime 5 Upgrades:

Loop Capital upgraded Royal Caribbean (RCL) to Purchase from Maintain with an unchanged worth goal of $250. The outlook supplied on the firm’s analyst day is healthier than anticipated, and the agency recommends profiting from the pullback within the inventory, noting the shares have traded almost 15% decrease since its initiation final month.
Wells Fargo upgraded Molina Healthcare (MOH) to Obese from Equal Weight with a worth goal of $372, up from $295. The agency says its evaluation of Medicaid coverage leaves it “more and more comfy” that Medicaid shares “have adequately priced in dangers of moderately possible legislative outcomes.”
JPMorgan upgraded Intuit (INTU) to Obese from Impartial with a worth goal of $660, up from $640. The shares have underperformed to such an extent that the inventory at present trades beneath the place it was 3.5 years in the past when the time period “transitory inflation” was retired in November 2021, the agency tells buyers in a analysis observe.
UBS upgraded Arista Networks (ANET) to Purchase from Impartial with a worth goal of $115, up from $112, representing 34% potential upside over the subsequent 12-months. The improve is supported by the view that the corporate’s investments in information middle capex will stay robust, rising at 25% yearly by way of 2027, the agency tells buyers in a analysis observe.
Guggenheim upgraded GE Vernova (GEV) to Purchase from Impartial with a $380 worth goal. Whereas noting that the inventory has declined considerably since mid-January, the agency tells buyers that latest commentary from the corporate has elevated the agency’s consolation with projections.

Prime 5 Downgrades:

Arete downgraded AppLovin (APP) to Promote from Impartial with a $200 worth goal. The agency sees dangers to AppLovin’s e-commerce progress story, saying it’s “failing to offer compelling” return on advert spend at scale throughout sometimes low high quality, long-tail cellular gaming advert stock.
HSBC downgraded T-Cell (TMUS) to Maintain from Purchase with a worth goal of $270, up from $260. With out extra info associated to yet-to-be-completed acquisitions, HSBS sees restricted valuation upside at present share ranges.
Needham downgraded Past (BYND) to Maintain from Purchase and eliminated its prior $9 worth goal, citing the numerous discount it has made in its income estimates over the previous six months.
Barclays downgraded Sunnova Power (NOVA) to Equal Weight from Obese with a worth goal of $1, down from $9. The agency says the corporate’s liquidity points render it troublesome to function the enterprise this 12 months because of the numerous necessities on the totally different credit score services.
Morgan Stanley downgraded Tandem Diabetes (TNDM) to Equal Weight from Obese with a worth goal of $22, down from $45. The agency was “shocked” by Tandem’s “underwhelming” steering calling for under mid-single digit progress on the topline and in U.S. new affected person shipments with seemingly little or no, if any, contribution from Kind 2 label growth and pharmacy entry.