The most talked about and market-moving research calls on Wall Street are now collected in one place. Here are today’s research calls that investors need to know, as compiled by The Fly.
Top 5 upgrades:
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BofA upgraded PayPal (PYPL) to buy at Neutral with a $103 price target, up from $86. PayPal is showing greater progress in its turnaround just over a year after its C-level management change, the company says, which sees a potential acceleration in underlying transaction profit growth in 2025.
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Barclays upgraded Robinhood (HOOD) from Overweight from Equal Weight with a $49 price target, up from $26. The company sees a “uniquely differentiated set of growth opportunities and an increasingly demonstrated ability to execute.” execute.
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JP Morgan has upgraded Victoria’s secret (VSCO) from Underweight to Neutral with a price target of $45, up from $29. Following recent leadership changes in management and merchandising functions, Victoria’s is beginning to see improved sales growth across both its namesake and PINK brands, the company told investors in a research note.
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Baird upgraded VeriSign (VRSN) will outperform Neutral with a $250 price target, up from $200. The company says that with regulatory concerns, the focus is shifting to domain growth, where data is starting to show improvement.
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KeyBanc upgraded Rockwell Automation (ROK) to Overweight from Sector Weight with a price target of $345. While recognizing the upgrade may be considered early given Rockwell’s limited cycle visibility and recent earnings losses, the company believes management’s renewed focus on cost-saving initiatives and improving operational excellence metrics will get the company back on track the path of boosting earnings growth and improving business results. margin expansion in the coming years.
Top 5 downgrades:
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BofA relegated AMD (AMD) to Neutral from Buy with a $155 price target, down from $180. The company sees higher competitive risks for AMD in the field of artificial intelligence versus the dominance of Nvidia (NVDA).
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Keefe Bruyette demoted Shift4 Payments (FOUR) from Outperform to Market Perform with an unchanged price target of $112. Jared Isaacman, the company’s founder and CEO, plays a key role in the investment thesis, and after Isaacman was nominated for the position of NASA administrator following news of a possible transition, it may be difficult to convince investors that the story is unchanged, the company tells investors in a research note.
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BofA reduced Capital One (COF) from Buy to Neutral with a $200 price target, down from $203 after recent outperformance. Shares have risen after the election as investors believe the potential Discover (DFS) deal is more likely to close because the Trump administration is seen as more accommodating to mergers and acquisitions, the company says.
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Wells Fargo has downgraded its rating Victoria’s secret from overweight to equal weight with a price target of $45, up from $33. The company applauds the changes being made at Victoria’s Secret, but after a material rally this year, the shares are now reflecting most of the upside potential.
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Citi has been relegated Fortief (FTV) to Neutral from Buy with a price target of $86, down from $92. The company sees minimal catalysts for the shares going forward and says the planned separation could limit near-term upside potential.
