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 Upgrades: – Morgan Stanley upgraded HPE (HPE) to Overweight from Equal Weight with a price target of $69, down from $71. The firm admits to having been on the wrong side of the enterprise hardware trade, previously believing that record component inflation would quickly stymie a recovery in hardware spending, but its AlphaWise survey confirms this cycle is driven by refresh, pull-forward and AI, making this “a longer but still predominantly cyclical infrastructure upcycle.” Morgan Stanley also upgraded NetApp (NTAP) to Equal Weight from Underweight with a price target of $173, up from $137. – Argus upgraded SanDisk (SNDK) to Buy from Hold. The company reported sharply-above consensus results in Q4 and is seeing accelerating momentum in data center, driven by AI infrastructure investments as well as solid-state drive and enterprise solutions, the firm tells investors in a research note. – Wells Fargo upgraded Dick’s Sporting (DKS) to Overweight from Equal Weight with a price target of $240, up from $220.
The firm sees a favorable risk/reward at current share levels given the company’s multi-year growth story. – Freedom Broker upgraded Qualcomm (QCOM)to Buy from Hold with an unchanged price target of $200. The firm cites valuation, saying the shares are down far enough to leave “attractive upside even on materially reduced earnings.” – Susquehanna upgraded Everpure (P) to Positive from Neutral with a price target of $120, up from $85. Recent channel checks suggest demand for 2Tb QLC-based, mass-capacity SSDs is “finally beginning to materialize following nearly a year of delays,” says the firm, which has increased confidence a broader hyperscaler customer base and strengthening enterprise storage demand will drive upside to second half of FY27 revenue expectations.