Intuit downgraded, SolarEdge upgraded: Wall Street's top analyst calls
UBS upgraded SolarEdge (SEDG) to Buy with a $42 target, citing FCC benefits. Wolfe upgraded DT Midstream (DTM) to Outperform with a $145 target. Piper upgraded Neogen (NEOG) to Overweight with a $14 target. UBS upgraded Argenx (ARGX) to Buy with a $1,400 target. National Bank upgraded Scotiabank (BNS) to Outperform with a C$142 target. JPMorgan and BofA downgraded Intuit (INTU) to Neutral with a $331 target. Truist downgraded Dick's Sporting (DKS) and Nike (NKE). Wells downgraded GoDaddy (GDDY).
How this was made
The 30-second read
Why it matters
The mixed rating changes suggest selective optimism, with tech and biotech receiving upgrades while consumer and software firms face downgrades.
Market read
These rating changes could drive short-term price moves in the affected stocks.
What to watch
Potential macro headwinds could offset analyst optimism.
Background
A series of analyst upgrades and downgrades were announced across multiple sectors.
Ticker impact
UBS upgraded SolarEdge to Buy from Neutral with a $42 price target.
Modest price increase expected.
Upgrade signals improved outlook.
Wolfe Research upgraded DT Midstream to Outperform from Peer Perform with a $145 target.
Small upside potential.
Analyst view upgrade.
Piper Sandler upgraded Neogen to Overweight from Neutral with a $14 target.
Limited upside.
Positive earnings trend noted.
UBS upgraded Argenx to Buy from Neutral with a $1,400 target.
Potential moderate gain.
Strong drug pipeline highlighted.
JPMorgan downgraded Intuit to Neutral from Overweight with a $331 target.
Possible short-term decline.
AI disruption risks cited.
Truist downgraded Dick's Sporting to Hold from Buy with a $135 target.
Likely downside pressure.
Lower fiscal guidance noted.
Truist downgraded Nike to Hold from Buy with a $42 target.
Modest downside risk.
Turnaround progress questioned.
Wells Fargo downgraded GoDaddy to Underweight from Equal Weight with a $76 target.
Potential short-term decline.
AI competition concerns.
Market effects
Analyst upgrades may lift broader tech and industrial sectors.
US equity sentiment could improve modestly.
Limited global impact; primarily US market.
Counterpoint
Some upgrades may be premature given broader market volatility.
Key entities
- Research FirmUBS
Provided upgrades for SolarEdge and Argenx.
- Research FirmJPMorgan
Downgraded Intuit.
