Here Are Wednesday’s Top Wall Street Analyst Research Calls: Ally Financial, GitLab, GLOBAL FOUNDRIES, Martin Marietta Materials, Rocket Lab USA, Strategy, Toast, Tower Semiconductor, and More
Major indices closed lower Tuesday due to war tensions and rising oil prices. The 30-year Treasury yield hit 5.27%, its highest since 2007, while Brent Crude surged 5% to $95. Analysts initiated coverage on Ally Financial (Strong Buy, $55 target) and GLOBAL FOUNDRIES (Buy, $60 target), among others.
How this was made
The 30-second read
Why it matters
While the rating changes provide fresh signals for the listed tickers, the overall market environment is negative, limiting immediate upside.
Market read
Provides new analyst viewpoints for a set of stocks, useful for short‑term positioning but constrained by broader market weakness.
What to watch
Potential macro risk from rising yields and oil price shock could dampen upside despite upgrades.
Background
The article compiles a list of analyst upgrades, downgrades, and initiations released on September 2, 2026, amid a broader market decline driven by war tensions and higher oil prices.
Ticker impact
Upgraded to Market Perform from Underperform by William Blair.
Small upside expected over next weeks.
Upgrade signals improved perception, but no price target provided.
Upgraded to Buy from Neutral by UBS with target raised to $188.
Potential rally toward $188.
Buy rating and higher target suggest upside.
Upgraded to Overweight from Neutral by JPMorgan, target unchanged at $680.
Sideways to modest upside.
Target unchanged, upgrade reflects confidence but no new price level.
Raised to Outperform from Sector Perform by RBC, target $54 from $50.
Potential upside toward $54.
Target increase signals expected earnings improvement.
Upgraded to Buy from Hold by Deutsche Bank, target $45.
Possible rally toward $45.
Buy rating and target provide clear upside.
Downgraded to Underperform from Neutral by BofA, target $52 from $57.
Potential decline toward $52.
Lower target reflects weaker outlook.
Downgraded to Hold from Buy by TD Cowen, target cut to $4 from $20.
Likely drop toward $4.
Large target reduction indicates serious concerns.
Downgraded to Underweight from Neutral by JPMorgan, target $40 from $50.
Potential decline toward $40.
Target cut reflects weaker expectations.
Market effects
Analyst rating changes may slightly shift sentiment in financial services, tech, and industrial sectors.
U.S. market sentiment modestly affected; no major regional shifts.
Limited global impact; primarily U.S.-focused equity analysts.
Counterpoint
Ratings upgrades may be premature given broader market weakness and macro headwinds.
Key entities
- Research FirmRaymond James
Initiated Strong Buy on Ally Financial.
- Research FirmStifel
Initiated Buy ratings on GlobalFoundries and Tower Semiconductor.
