Wall Street Updates: Key Stock Movements
Here’s a look at the major updates from Wall Street on Thursday:
JPMorgan Raises BlackRock Rating
JPMorgan has upgraded BlackRock’s stock from equal weight to overweight. Following the recent earnings report, they noted, “Even with strong earnings growth, BlackRock has significantly underperformed this year. We anticipate it will align with its solid fundamentals and perform well moving forward. Our price target for December 2026 is now set at $1,364.”
Raymond James Upgrades AeroVironment
Raymond James has declared AeroVironment a bargain, upgrading it from Market Perform to Outperform with a target price of $210. The stock has dropped 55% since March, in contrast to a roughly 10% gain in the S&P 500, but they’ve made significant adjustments to future EBITDA estimates.
Bank of America Maintains Buy on JPMorgan
Bank of America increased its price target for JPMorgan from $408 to $420 per share, citing its strong position despite a minor P/E premium.
Morgan Stanley Boosts Rocket Companies
Morgan Stanley upgraded Rocket Companies to overweight, saying the mortgage firm is positioned well for share price gains. They see attractive risk-reward dynamics, expressing that the stock’s earnings potential remains robust unless interest rates jump sharply.
Goldman Sachs Begins Coverage on Excelerate Energy Corp.
Goldman Sachs initiated coverage, stating the company stands to gain from lower LNG prices in the coming years, projecting robust growth opportunities through operational leverage and potential expansions.
BTIG Downgrades Etsy
BTIG has downgraded Etsy from Buy to Neutral, noting that the stock’s considerable past performance has led them to take a more cautious stance.
KeyBank Supports Amazon
KeyBank has reiterated its overweight rating on Amazon, raising its price target slightly from $330 to $335 per share. They maintain that Amazon remains a top choice within e-commerce, largely due to strong retail trends and AWS dynamics.
Benchmark Initiates Cadence Design Systems
Benchmark has rated Cadence Design Systems as a buy, asserting the semiconductor company has significant growth potential, setting a price target of $450.
Stifel Begins Coverage on EyePoint
Stifel has rated EyePoint as a Buy, starting at a price target of $40, highlighting its promising pipeline in biopharmaceuticals.
Piper Sandler Launches SpaceX
Piper Sandler noted SpaceX might face unique near-term challenges, expressing some reservations about its potential disruptions, particularly related to their relationship with Tesla.
Baird Debuts Vertiv at Outperform
Baird is optimistic about Vertiv’s partnership with Nvidia, emphasizing strong innovation visibility and scaling potential in the data center sector.
Piper Sandler Highlights AST SpaceMobile
Piper Sandler believes AST SpaceMobile could revolutionize connectivity with its satellite communications aimed directly at smartphones, catering to users even in remote areas.
Seaport Keeps Nvidia on the Sell List
Seaport expressed concerns over Nvidia’s decision to hike prices, suggesting that this could limit its customer base and discussing the implications for their financial strategies.
JPMorgan Ups SK Telecom
JPMorgan upgraded SK Telecom to overweight, indicating that the stock’s recent decline reflects reasonable market expectations regarding its strategic moves.
Baird Rates Forgent Power Solutions
Baird believes Forgent has significant growth potential, emphasizing its focus on the AI infrastructure market.
Trust Downgrades Lululemon
Trust has downgraded Lululemon from hold to sell, citing numerous negative indicators that cast doubt on a potential recovery.
Bank of America Upgrades Ero Copper
Bank of America has upgraded Ero Copper from Neutral to Buy, increasing its price target while suggesting capital returns are likely soon.
Bank of America Moves Cintas to Buy
Cintas has also been upgraded to Buy, as Bank of America highlights its solid Q4 2026 results and optimistic guidance.
Evercore ISI Maintains Outperform on Apple
Evercore ISI is bullish on Apple’s upcoming earnings, anticipating continued success with the iPhone 17 as operational costs stabilize.
Oppenheimer Begins Coverage on Arteris
Oppenheimer has started coverage on Arteris with an Outperform rating, recognizing its leadership in network-on-chip technology.
