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: – JPMorgan upgraded FedEx (FDX) to Overweight from Neutral with a price target of $460, up from $432. The firm is taking a more positive stance on the shares into the company’s fiscal Q4 report on June 23. – Barclays upgraded SanDisk (SNDK) to Overweight from Equal Weight with a price target of $2,300, up from $1,200. The firm notes that it sees Memory and Storage as the most attractive vertical below accelerators and also believes that continued upside to pricing with supply-demand imbalance will persist through 2027. – Evercore ISI upgraded Hershey (HSY) to Outperform from In Line with an unchanged price target of $255.
After a “disappointing” Easter season, the firm’s recent conversations with retailer contacts support a “constructive view” on the confection category and Hershey’s plans for the second half of 2026. – Truist upgraded MGM Resorts (MGM) to Buy from Hold with a price target of $55, up from $42. The firm’s Las Vegas consumer surveys bring more confidence for a “positive MGM Strip inflection.” JPMorgan also upgraded MGM Resorts to Overweight from Neutral with a price target of $46, up from $41. – Wells Fargo upgraded MSCI (MSCI) to Overweight from Equal Weight with a price target of $700, up from $650. The firm says growing demand for data will help support the company’s continued index momentum.