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 Marvell (MRVL) to Buy from Hold with a price target of $300, up from $85.. The firm believes the optical interconnect strength and CXL revenue opportunity “remain undervalued and can drive upside earnings surprises.” – JPMorgan upgraded Travelers (TRV) to Neutral from Underweight with a price target of $322, up from $316. The firm cites its earnings estimates moving higher to consensus levels for the upgrade. – TD Cowen upgraded Lear (LEA) to Buy from Hold with a price target of $165, up from $138.
TD cites the “encouraging results” from its U.S. vehicle density survey for the upgrade. – Stifel upgraded Booz Allen (BAH) to Buy from Hold with a price target of $110, down from $115. Stifel believes the risk of Booz Allen guidance cuts are now in the rearview mirror. – Barclays upgraded Occidental (OXY) to Overweight from Equal Weight with a price target of $72, up from $59. The firm believes that as leverage concerns fade, investor focus should shift to Occidental’s “top-tier” resource base and improved capital efficiency.