In This Article:
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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Morgan Stanley upgraded Block (XYZ) to Equal Weight from Underweight with an unchanged price target of $65. The stock's current valuation "incorporates increased skepticism" of Block's ability to accelerate Square Seller growth, while the implied Cash App valuation is more in-line with Morgan Stanley's assumptions given a limited demographic opportunity, the firm tells investors in a research note.
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BMO Capital upgraded Quanta Services (PWR) to Outperform from Market Perform with a price target of $316, down from $338. The recent share pullback on power and related infrastructure offers an attractive opportunity to buy the stock, the firm tells investors in a research note.
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Redburn Atlantic upgraded Globant (GLOB) to Neutral from Sell with a price target of $150, up from $140. Redburn believes that given the sharp recalibration in Globant's valuation, there is limited further downside to the shares.
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Benchmark upgraded Joyy (YY) to Buy from Hold with a $63 price target after the company announced that it has finalized agreements with Baidu (BIDU) to close the sale of YY Live for a revised purchase price of $2.1B in cash. The firm believes this announcement has effectively removed the uncertainty surrounding the potential deal collapse and mitigated downside risks to the company's net cash position, adding that it now sees a cleaner balance sheet with net cash of $60 per share.
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Sidoti upgraded Methode Electronics (MEI) to Buy from Neutral with an unchanged price target of $14. The firm thinks the company has "largely passed through a recent profit trough" and is poised for an earnings rebound in FY26 as costs associated with new program launches will diminish and a better revenue mix will aid profitability.
Top 5 Downgrades:
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Argus downgraded Domino's Pizza (DPZ) to Hold from Buy after its Q4 earnings miss. The firm notes that higher food prices and labor costs continue to harm Domino's results, also stating that due primarily to wage increases, Domino's Pizza will see higher costs for a while in several of its markets.
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JPMorgan downgraded Tempus AI (TEM) to Neutral from Overweight with a price target of $55, up from $50. While JPMorgan continues to believe in Tempus AI's "unique combination" of diagnostics and data, it sees the shares as fully valued on a relative basis after the recent stock run.
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KeyBanc downgraded Civitas Resources (CIVI) to Sector Weight from Overweight without a price target following the company's "disappointing" 2025 guidance. No comment from management about media reports the company may divest the Denver-Julesburg Basin creates uncertainty, and the "abrupt termination" of the chief operations officer after 22 months "deeply concerns us as something other than a board mandate to cut costs," the firm tells investors in a research note.
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RBC Capital downgraded GDS Holdings (GDS) to Sector Perform from Outperform with a price target of $37, up from $26. The firm cites valuation for the downgrade following the stock's run-up over the past two weeks.
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TD Cowen downgraded AllianceBernstein (AB) to Hold from Buy with a price target of $38.50, up from $38. The price target aligns with the tender price announced by Equitable Holdings (EQH), the firm tells investors in a research note.