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: – HSBC upgraded Adobe (ADBE) to Buy from Hold with a price target of $308, up from $282. The firm thinks the market is overestimating the adverse impact of AI-based design tools on Adobe’s business, and believes the stock’s reward now outweighs risks. – DA Davidson upgraded Palantir (PLTR) to Buy from Neutral with a price target of $175, up from $165. The company has “grown into its valuation” as its profits are up significantly and the stock’s multiple has come in. – Wolfe Research upgraded Chevron (CVX) to Outperform from Peer Perform with a $210 price target.
Chevron’s spike and subsequent decline in share price since the start of the year has “masked several key changes that improve the investment case,” argues the firm, which points to a long list of incremental production options secured since the start of the year extending the free cash flow growth outlook beyond 2030. – Needham upgraded Silicom (SILC) to Buy from Hold with a $60 price target. The recently announced material progress with one of its new AI inference customers, resulting in initial production orders being received, accelerates the company’s initial timeline, the firm tells investors. – TD Securities upgraded BCE (BCE) to Buy from Hold with an unchanged price target of C$37. The firm cites valuation for the upgrade, saying the 13% selloff since early June is not justified and provides an attractive entry point.