The most talked about and market moving research calls around Wall Street are now 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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Freedom Capital upgraded Boeing (BA) to Buy from Hold with a price target of $223, up from $217. Boeing’s Q3 marks a cautious recovery, with stronger operational performance and gradual regulatory confidence, the firm tells investors in a research note.
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Piper Sandler upgraded Roku (ROKU) to Overweight from Neutral with a price target of $135, up from $88. The company reported solid Q3 results but Platform investments across Advertising and SSD are beginning to shine, the firm tells investors in a research note.
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Evercore ISI upgraded Ecolab (ECL) to Outperform from In Line with a price target of $300, up from $265. Ecolab is “one of the few businesses in Chemicals with momentum” into 2026, says the firm, which sees 2026 as the year Ecolab’s structural earnings potential becomes more broadly apparent as the Ovivo acquisition closes and Digital monetization scales.
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Raymond James upgraded Universal Health (UHS) to Outperform from Market Perform with a $270 price target. The company’s Q3 results were above guidance and consensus forecasts, showing improved execution, the firm tells investors in a research note.
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UBS upgraded Cisco (CSCO) to Buy from Neutral with a price target of $88, up from $74. The firm sees a “multi-year growth cycle” for the company, driven by artificial intelligence infrastructure demand, a “large-scale” Campus refresh cycle, and momentum in security.
Top 5 Downgrades:
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Bernstein downgraded Charter (CHTR) to Market Perform from Outperform with a price target of $280, down from $350. The company’s EBITDA growth has “become increasingly difficult to achieve” against a tougher market backdrop, the firm tells investors in a research note. KeyBanc also downgraded Charter to Sector Weight from Overweight without a price target
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JPMorgan downgraded Luminar (LAZR) to Underweight from Neutral without a price target. The company had a series of negative developments late last week that raise significant concerns about its ability to continue as a going concern, the firm tells investors in a research note.
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TD Cowen downgraded Iqvia (IQV) to Hold from Buy with a price target of $215, up from $206. The company’s outlook now has “greater visibility and stability,” but the stock’s current valuation now largely reflects its 2026 growth outlook, the firm tells investors in a research note.
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Jefferies downgraded Canadian Solar (CSIQ) to Hold from Buy with a price target of $19.64, up from $13.70. The firm cites the recent share rally and enforcement risk of the module price floor from the Chinese government for the downgrade.
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BofA downgraded Marsh McLennan (MMC) to Underperform from Neutral with a price target of $181, down from $243 based on a lower outlook for organic growth with near-term headwinds from softening property rates.
