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: – Mizuho upgraded Five Below (FIVE) to Outperform from Neutral with a price target of $220, down from $225, following a momentum unwind and nearly 30% share price pullback from recent peaks. – Goldman Sachs upgraded Toast (TOST) to Buy from Neutral with a $36 price target. Shares have lagged due to competitive concerns in small-to-midsize business payments and margin concerns around hardware and memory costs, but the firm believes Toast is well positioned to outperform from here as a result of its best-in-class product offering and the recent launch of AI-enabled marketing services that it believes could be a potential accelerant to SaaS ARPU growth. – Wolfe Research upgraded Sarepta (SRPT) to Outperform from Peer Perform with a $27 price target. Share gains for Sarepta have been “transient” but the firm believes that this will shift given a different market regime and the current stock setup, the firm tells investors in a research note. – Goldman Sachs upgraded Cinemark (CNK) to Neutral from Sell with a price target of $30, up from $23.
The changes follow a moderation in structural downside risks to the theatrical industry, improved visibility into the durability of near-term industry box office trends, and solid execution by Cinemark across market share and pricing, the firm tells investors in a research note. – Wolfe Research upgraded American Tower (AMT) to Outperform from Peer Perform with an $188 price target. The end of DISH-related rent losses and completion of the Sprint/T-Mobile (TMUS) integration remove two major overhangs on U.S. tower growth, says the firm, which sees growth to reaccelerate as churn normalizes. Top 5 Downgrades: – Mizuho downgraded Tractor Supply (TSCO) to Neutral from Outperform with a price target of $32, down from $50.