The Fly
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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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JPMorgan upgraded Dollar Tree (DLTR) to Overweight from Neutral with a price target of $111, up from $72, following the post-earnings selloff. The company's Q1 same-store sales came in above consensus with balanced ticket and traffic composition, the firm tells investors in a research note.
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Monness Crespi upgraded MongoDB (MDB) to Buy from Neutral with a $295 price target after the company reported Q1 upside, issued a "healthy" Q2 outlook, raised its fiscal 2026 guidance, and announced a new $800M stock repurchase program.
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Erste Group upgraded Broadcom (AVGO) to Buy from Hold. The company has an attractive product portfolio for network applications and its operating margin and return on equity are significantly higher than competitors, the firm says.
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Bernstein upgraded Texas Instruments (TXN) to Market Perform from Underperform with a price target of $180, up from $140. The shares have underperformed substantially since September 2023, the firm notes, adding that the company's market share, while still under pressure, appears to have stabilized.
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Mizuho upgraded Visa (V) to Outperform from Neutral with a price target of $425, up from $359. Visa's cash-to-card runway "still has legs," the firm tells investors in a research note.
Top 5 Downgrades:
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Erste Group downgraded Salesforce (CRM) to Hold from Buy. The company's revenue and net profit growth in the current financial year will be lower than in the previous year, the firm says, adding that as Salesforce's sales growth is also lower than that of competitors, the share's multiple is lower than the sector average.
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Jefferies downgraded Chewy (CHWY) to Hold from Buy with a price target of $43, up from $41. The firm says that while the pet macro environment looks relatively stable, and Chewy is performing well, a CFO change is underway, and the shares already reflect the positives.
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Jefferies downgraded MercadoLibre (MELI) to Hold from Buy with a price target of $2,800, up from $2,450. The firm cites the company's higher levels of profitability and cash flow in 2029 and beyond for the target increase.
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Erste Group downgraded Eli Lilly (LLY) to Hold from Buy. The company lowered its earnings forecast for 2025, notes the firm, which expects the shares to trend sideways in the medium term.
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BMO Capital downgraded Hamilton Insurance (HG) to Market Perform from Outperform with an unchanged price target of $23. The firm recommends investors take profits at current share levels.
