IBM downgraded, Cava upgraded: Wall Street's top analyst calls
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. Top 5 Upgrades: Morgan Stanley upgraded Cava Group (CAVA) to Overweight from Equal Weight with a price target of $90, up from $86. While "not a cheap stock even after recent weakness," the valuation is "defensible, because it remains one of the strongest fundamental stories in restaurants," says the analyst. Guggenheim upgraded Digital Realty (DLR) to Buy from Neutral with a $200 price target. The setup for Q2 appears "constructive" and owning a data center REIT with an existing footprint in an increasingly hard-to-build environment is "advantageous," the analyst argues. Piper Sandler upgraded Arthur J. Gallagher (AJG) to Overweight from Neutral with a price target of $276, up from $225. As market price softening accelerates, Piper identified areas of the insurance industry that remain resilient, the analyst tells investors in a research note. Truist upgraded CNX Resources (CNX) to Hold from Sell with an unchanged price target of $35. The stock is down 13% year-to-date and CNX now screens largely in-line compared.
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.
Top 5 Upgrades: Morgan Stanley upgraded Cava Group (CAVA) to Overweight from Equal Weight with a price target of $90, up from $86.
While "not a cheap stock even after recent weakness," the valuation is "defensible, because it remains one of the strongest fundamental stories in restaurants," says the analyst.
Guggenheim upgraded Digital Realty (DLR) to Buy from Neutral with a $200 price target.
The setup for Q2 appears "constructive" and owning a data center REIT with an existing footprint in an increasingly hard-to-build environment is "advantageous," the analyst argues.
Piper Sandler upgraded Arthur J.
Gallagher (AJG) to Overweight from Neutral with a price target of $276, up from $225.
As market price softening accelerates, Piper identified areas of the insurance industry that remain resilient, the analyst tells investors in a research note.
Truist upgraded CNX Resources (CNX) to Hold from Sell with an unchanged price target of $35.
The stock is down 13% year-to-date and CNX now screens largely in-line compared.