Wall Street Updates on Company Ratings
On Wednesday, UBS upgraded Weatherford from neutral to buy, setting a price target of $114. They mentioned that they’re actively buying into dips within the oilfield services sector.
Gordon Haskett has moved BJ’s Wholesale from buy to hold, noting that same-store sales might be improving. They highlighted two main reasons for this decision: easing concerns about entering the Texas market and updated fiscal year 2026 guidance that surpassed expectations.
KeyBanc initiated coverage on Reddit, assigning an Overweight rating with a price target of $225. They believe that Reddit’s community and investments in ad monetization will lead to sustained annual revenue growth exceeding 30%, potentially reaching a 50% EBITDA margin.
Mizuho upgraded Lineage from Neutral to Outperform, indicating a positive shift in the cold storage market after previously being bearish for two years. Their new price target for Lineage is now $47, up from $40.
Citizens upgraded UWM Holdings from market performer to above market performer, setting a price target of $3.00 for the parent company of United Wholesale Mortgage.
Goldman Sachs also upgraded Steel Dynamics from Neutral to Buy. They see favorable conditions in commodity prices and reinstated coverage with a price target of $300.
Citi reduced its price target for Disney from $145 to $135 following their earnings announcement. They indicated that investors will be focusing on several factors in Q3 2026, such as potential changes to the EPS growth rate, trends in visitor numbers, and long-term targets for earnings before interest and taxes.
Evercore ISI expressed optimism for Apple ahead of the upcoming earnings report, anticipating an EPS of $1.89 and revenues of $109 billion. They noted strong hardware performance, but see some pressure from memory costs and App Store performance.
Citi upgraded Ford from Neutral to Acquire, citing a shift in momentum. Despite the stock’s current unpopularity, with few analysts giving it a buy rating compared to General Motors, they believe the tide is turning.
Baird downgraded Caterpillar from outperform to neutral due to anticipated impacts from local restrictions on data center construction, which they believe will add costs and development delays.
JPMorgan upgraded CarMax from underperforming to neutral, suggesting that improving industry conditions are benefitting the company.
Ross began coverage of 908 Devices, assigning it a Buy rating with a price target of $11. They view the company as a high-quality option in the rapidly growing health and safety technology market.
Morgan Stanley lifted Cheesecake Factory from underweight to equal weight, acknowledging strong comparable sales that have outperformed historical norms. While they feel the stock’s multiple is high, they believe the near-term outlook remains stable.
Loop upgraded Manhattan Associates from Buy to Hold, citing improved execution at the software firm with a new price target of $215.
Wells Fargo reiterated its positive stance on Snowflake, raising the price target from $320 to $500. They believe that AI-related spending is accelerating growth opportunities for the company.
Morgan Stanley reiterated its Overweight rating on SpaceX, mentioning a potential opening for long-term investors as the company prepares for its upcoming earnings report. They noted that various revenue streams are critical, though the stock is currently down significantly from its peak.
Trust recommended buying NVIDIA, Advanced Micro Devices, and Broadcom, emphasizing that investment choices should be based on individual risk tolerance and duration preferences.
