Wall Street's top analysts call
Wall Street's most watched and market-moving research calls are now in one place. Here's what investors need to know about today's research reports, compiled by The Fly.
Top 5 upgrades:
Jefferies upgrade etsi (ETSY) changed “Underperform” to “Hold” and raised the price target to $55 from $45. The firm upgraded Etsy on improving second-half growth and a more balanced risk-reward balance for the stock.
Needham upgrade Kelan Company (KLAC) lowered its 2025 fab equipment estimate to $100B from $110B and lowered its 2026 estimate to Buy from $100B. Needham believes that 2025 may be the peak of WFE and said that the current semiconductor upgrade cycle “will be lukewarm” and the next recession may occur in the second half of 2026.
Morgan Stanley upgrades Elf beauty (ELF) was raised to “overweight” from “equal weight” and the target price was raised to $153 from $139. The company told investors in a research note that the stock's valuation looks attractive relative to Elf's “substantial” long-term growth potential after a sharp share price correction in the second half of 2024.
Needham upgrade Instant shopping cart (CART) changed its shares from Hold to Buy with a $56 price target and added the stock to the company's Strong Buy list. The company told investors in a research note that stronger-than-expected 2024 results suggest concerns about competition and overall addressable market pull are overblown, likely due to continued improvements to Instacart's leading customer experience in groceries Caused by.
Evercore ISI upgrade caterpillar (CAT) was revised to in line from underperform, with a price target of $365. The firm said that while it's difficult to be a construction sector long while interest rates continue to unexpectedly rise higher, shares fell and investor expectations are now “significantly lower.”
Top 5 relegated:
Jefferies downgrades rating interest (PINS) was adjusted from Buy to Hold, and the target price was lowered from $40 to $32. The company downgraded Pinterest on expectations that the launch of Performance+ and profit growth will slow, while its ad review is “more moderate.”
JP Morgan downgrades rating Constellation brand (STZ) adjusted its rating to “neutral” from “overweight” and lowered its target price to $203 from $262 after poor fiscal third-quarter results. While long-term trends including premiumization and faster growth among legal drinking-age Hispanic consumers are good for the company's portfolio, this is coupled with near-term secular pressures on low-income and Hispanic consumers and reduced alcohol consumption among younger consumers. balanced against factors such as unresolved issues and potential impacts. Diet pills and tariff risks, the company told investors in a research note. Jefferies also downgraded Constellation Brands to “hold” from “buy.”
TD Cowan relegated STMicroelectronics (STM) was adjusted from Buy to Hold, and the price target was lowered to $25 from $32. STMicroelectronics is a leader in power semiconductors and its manufacturing network has long-term advantages, but its near-term revenue and margins are likely to remain subdued, the company told investors in a research note.
Morgan Stanley downgrades rating on-site slope (RAMP) was adjusted from overweight to evenweight, with the target price unchanged at $35. The company sees limited catalysts for accelerated growth and investor sentiment, and sees better risk/reward elsewhere in its coverage.
truthist downgrade honor Transcarent announced that it had reached a definitive agreement to acquire the company for $7.03 per share in cash, and later adjusted its ACCD rating from “buy” to “hold” and lowered its target price from $7.50 to $7.03.