SpaceX initiated, PayPal 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: Truist upgraded PayPal (PYPL) to Hold from Sell with a price target of $57, up from $44. While the firm continues to believe that the PayPal turnaround story will be difficult, it says it is difficult to make a call on the stock while there is the potential for a Stripe/Advent takeout. Leerink upgraded Edwards Lifesciences (EW) to Outperform from Market Perform with a price target of $101, up from $87, following quarterly results. The firm says it has seen "enough to justify" an upgrade. TD Cowen upgraded Digital Realty (DLR) to Buy from Hold with a price target of $222, up from $192. The firm sees potential for further large signings in late 2026 or early 2027 for Digital Realty amid "record demand strength." Morgan Stanley upgraded Progressive (PGR) to Equal Weight from Underweight with a price target of $210, up from $190. The firm cites valuation for the upgrade, with Progressive's current multiple on the lower end of its historical valuation. BMO Capital upgraded Dover (DOV) to Outperform.