Here’s a snapshot of what’s happening on Wall Street today, with a focus on recent research findings that could impact investors.
Top 5 Upgrades:
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JP Morgan has upgraded Qorvo (QRVO), raising its price target from $92 to $105 and shifting its rating from Underweight to Neutral after seeing encouraging developments in its iPhone and aerospace divisions.
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Morgan Stanley has boosted Telex (TEX) from Underweight to Equal Weight, increasing the price target from $41 to $47. They mentioned some “excellent strategic value” in its merger with REV Group (REVG) but also pointed out risks associated with the deal.
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Texas Capital has upgraded Sterling Infrastructure (Giken), increasing its price target from $348 to $450 and moving its rating from Hold to Buy, following strong third-quarter results tied to a better order backlog.
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Wells Fargo upgraded Inspire Medical (INSP), changing the rating from Equal Weight to Overweight. They lowered the price target from $101 to $90, citing a solid third-quarter performance and a new outlook for 2026.
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Baird has raised Waste Management (WM) with a price target increase from $238 to $242, moving the rating from Neutral to Outperform. They noted that the stock’s risk/reward profile appears appealing after a period of underperformance this year.
Top 5 Downgrades:
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BofA has downgraded DraftKings (DKNG) from Buy to Neutral, cutting the price target from $48 to $35. They expressed concerns about volatility and long-term earnings, especially after the company’s iGaming results.
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BofA has also downgraded Flutter Entertainment (FLUT), lowering the price target from $325 to $250 and shifting from Buy to Neutral. They highlighted worries about structural retention and tax risks.
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Mr. Oppenheimer has downgraded Charter (CHTR) from Outperform to Perform and removed its $500 price target, suggesting that while Charter’s model is promising, long-term broadband issues overshadow its potential.
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Oppenheimer similarly downgraded Comcast (CMCSA) from Outperform to Perform, taking away the $38 price target. They mentioned that Comcast could face several challenges in the coming years.
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Citi downgraded CyberArk (CYBR) from Buy to Neutral, while raising the price target from $465 to $524 in light of the pending acquisition by Palo Alto Networks (PANW), which they expect to proceed without competition.
