Upgrades and Downgrades: Wall Street's Top Analyst Calls - Today's Research Calls

Wall Street's top analyst calls for the day include upgrades for State Street, Vail Resorts, FICO, Noble Corp, and Barings BDC, while downgrades include Booz Allen, Freshpet, BNY Mellon, Skechers, and Rocket Pharmaceuticals. The upgrades are based on factors such as favorable market conditions and the companies' potential for growth, while the downgrades are due to concerns about revenue and earnings growth, decelerating sales trends, and regulatory risks.

Wall Street's top analyst calls for the day include upgrades for State Street, Vail Resorts, FICO, Noble Corp, and Barings BDC, while downgrades include Booz Allen, Freshpet, BNY Mellon, Skechers, and Rocket Pharmaceuticals. The upgrades are based on factors such as favorable market conditions and the companies' potential for growth, while the downgrades are due to concerns about revenue and earnings growth, decelerating sales trends, and regulatory risks.

State Street (STT) was upgraded by Truist to a Buy rating with a price target of $112, up from $85. Among the trust banks, State Street is expected to be the biggest beneficiary of the recent upturn in equity markets [3].

Vail Resorts (MTN) was upgraded by JPMorgan to a Neutral rating from Underweight with an unchanged price target of $167. The firm sees a favorable risk/reward at current share levels [3].

FICO (FICO) was upgraded by Baird to an Outperform rating from Neutral with a price target of $1,900, down from $2,021. The material share pullback on “changing regulatory risk perception” returns FICO to a valuation that can enable good multi-year upside, while reducing the magnitude of potential downside risk, creating a favorable risk/reward [3].

Noble Corp. (NE) was upgraded by JPMorgan to an Overweight rating from Neutral with a $30 price target after meeting with management. The firm highlights management’s confidence in securing incremental term work for its deepwater floater fleet to boost earnings visibility in 2026, although it says near-term conditions remain choppy in both the deepwater and the harsh environment jack-up market [3].

Barings BDC (BBDC) was upgraded by Wells Fargo to an Overweight rating from Equal Weight with a price target of $9.50, up from $8.50. The firm cites the company’s credit stabilization and “shareholder-friendly” realization of its MVC Capital credit support agreement for the upgrade [3].

Booz Allen (BAH) was downgraded by Goldman Sachs to a Sell rating from Neutral with a price target of $94, down from $108. The firm sees limited revenue and earnings growth over the medium-term for the company, while saying the stock’s valuation still has downside risk [3].

Freshpet (FRPT) was downgraded by TD Cowen to a Hold rating from Buy with an unchanged price target of $96. The firm cites its concerns about decelerating retail sales growth trends for the downgrade [3].

BNY Mellon (BK) was downgraded by Truist to a Hold rating from Buy with a price target of $97, up from $87. The firm expects the stock to take a “breather after a very strong run” [3].

Skechers (SKX) was downgraded by TD Cowen to a Hold rating from Buy with an unchanged price target of $63. The window for another bidder for Skechers to emerge has closed, the firm tells investors in a research note [3].

Rocket Pharmaceuticals (RCKT) was downgraded by Jefferies to a Hold rating from Buy with a price target of $2.50, down from $29. The FDA clinical hold on the company’s pivotal Phase II program of RP-A501gene therapy for Danon heart disease pushes back timelines and raises some questions around the drug’s overall benefit/risk profile [3].

Redburn Atlantic initiated coverage of Broadcom (AVGO) with a Buy rating and $301 price target. The company is arguably the “pre-eminent” application-specific integrated circuits co-partner with a strong pipeline of future customers [3].

Redburn Atlantic initiated coverage of Arista Networks (ANET) with a Buy rating and $112 price target. Arista’s networking products are “significant beneficiaries” of both larger generative artificial intelligence cluster sizes and the shift towards ethernet for back-end networks [3].

References:
[1] https://247wallst.com/companies/CRM/page/3/?utm_campaign=newsbreak&utm_content=CRM&utm_medium=referral&utm_source=newsbreak&utm_term=t140399310&wsrlui=t140399310
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L3N3S00CS:0-wall-street-journal-may-28/
[3] https://www.tipranks.com/news/the-fly/broadcom-arista-networks-initiated-wall-streets-top-analyst-calls-thefly