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:
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.
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.
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.
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.
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:
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.
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.
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.
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.
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.
