Here Are Wednesday’s Best Wall Street Analyst Research Calls: Abbott Laboratories, Circle Internet, Dow, Kratos Defense, Lockheed Martin, Salesforce, ServiceNow,SpaceX, and More
247 Wall St. compiled analyst research calls for July 1, 2026, including upgrades/downgrades and new initiations. Citigroup upgraded Lockheed Martin (LMT) to Buy with a $582 target; Guggenheim raised Salesforce (CRM) and ServiceNow (NOW) to Buy with $228 and $125 targets. RBC downgraded Dow (DOW) to Sector Perform, cutting its target to $28. Abbott (ABT) was initiated Outperform at $121; Kratos (KTOS) Outperform at $95.
How this was made
The 30-second read
Why it matters
For traders, the actionable element is the specific rating/price-target changes for named US-listed equities; however, the article lacks underlying fundamental updates, limiting conviction.
Market read
This is mainly sentiment/positioning information from Street research actions rather than new company fundamentals.
What to watch
The article provides ratings/targets but no thesis details; traders should verify whether the notes cite new data (earnings, contracts, trials) before acting aggressively.
Background
The piece is a multi-ticker roundup of analyst upgrades, downgrades, and initiations on July 1, 2026, alongside a brief market wrap (rates, oil, gold, crypto).
Ticker impact
Citigroup upgraded Lockheed Martin to Buy and raised its price target to $582 from $571, changing near-term valuation expectations.
Short-term upside bias; follow-through depends on broader risk appetite and defense-sector tape.
The article provides a concrete rating change and target increase, which typically drives incremental demand and sentiment.
Guggenheim raised Salesforce to Buy with a $228 target, moving it from Neutral and resetting the Street’s stance.
Moderate positive bias over days to weeks; magnitude likely limited without new fundamentals beyond the note.
The text discloses a specific upgrade and target, but no new operating data or guidance.
Guggenheim upgraded ServiceNow to Buy and set a $125 target from Neutral, signaling improved expectations for the platform.
Short-to-medium term supportive; could fade if broader software multiples compress.
Concrete analyst action is provided, but the article lacks thesis details or company-specific new events.
RBC Capital downgraded Dow to Sector Perform and cut its price target to $28 from $51, materially lowering valuation assumptions.
Negative bias; could pressure the stock on any rally as traders reprice the target distribution.
The article includes a substantial target reduction alongside a rating downgrade, which is typically high-impact for sentiment.
Baird initiated Abbott Laboratories with an Outperform rating and a $121 target, introducing a new Street baseline.
Mild-to-moderate upside bias initially; follow-through depends on subsequent research and earnings.
The note is a fresh initiation with a stated target, but no new company data is included.
Wedbush initiated Kratos Defense and Security Solutions with an Outperform rating and a $95 target, adding a new bullish catalyst.
Short-term supportive; likely limited without additional thesis specifics.
The article discloses initiation and target, but provides no operational update.
Wedbush initiated Space Exploration Technologies (SpaceX) with an Outperform rating and a $190 target, per the article’s initiation list.
Low confidence on tradability/impact; treat as low-quality signal for execution.
The article lists a ticker for SpaceX, but SpaceX is not generally known as a US-listed equity; the information may be unreliable.
Jefferies upgraded Abivax to Buy and lifted its target to $158 from $108, changing the risk/reward view for the biotech.
Near-term upside bias; volatility likely high given biotech-specific risk.
Concrete rating/target change is provided, but no trial/clinical datapoint is included.
Market effects
Defense and software names get incremental bullish Street signals, while industrials (Dow) see a sharper valuation reset.
Primarily US single-name sentiment; no direct cross-region catalyst beyond broad risk appetite context.
Limited; only indirect via sector sentiment and macro backdrop (rates/oil/crypto) mentioned in the wrap.
Counterpoint
Analyst upgrades/downgrades in a promotional “best calls” roundup may already be priced; without new fundamentals, follow-through can fade quickly.
Key entities
- analyst_firmCitigroup
Upgraded LMT to Buy and raised its target to $582.
- analyst_firmGuggenheim
Upgraded CRM and NOW to Buy with targets of $228 and $125.
- analyst_firmRBC Capital
Downgraded DOW to Sector Perform and cut its target to $28.
- analyst_firmBaird
Initiated ABT with Outperform and a $121 target.


