Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, Deere & Company, Dell Technologies, Devon Energy, Moderna, Permian Resources, PG&E, Thermo Fisher, Viper Energy, and More
Analysts upgraded Broadcom (AVGO) to Outperform with a $490 target, Deere (DE) to Outperform with an $813 target, and Dell (DELL) to Outperform with a $625 target. Moderna (MRNA) was downgraded to Sell with an $81 target. Seaport Research initiated Buy ratings on Devon Energy (DVN), Permian Resources (PR), and Viper Energy (VNOM).
How this was made
The 30-second read
Why it matters
The upgrades and downgrades provide modest directional cues but lack fresh catalyst, limiting immediate trading impact.
Market read
A collection of rating changes across multiple sectors offers limited actionable insight; overall market impact is muted.
What to watch
No new fundamental catalysts; price targets rely on analyst optimism.
Background
The article aggregates analyst rating changes and price targets released on Thursday, September 3, 2026.
Ticker impact
Broadcom was upgraded to Outperform with a $490 price target.
Modest upside over weeks.
Upgrade suggests improved outlook but no new catalyst.
Deere & Company was raised to Outperform with an $813 target.
Modest upside.
Analyst upgrade signals better expectations.
Dell Technologies was upgraded to Outperform with a $625 target.
Limited upside.
Upgrade reflects improved view but no immediate catalyst.
Moderna was cut to Sell with an $81 target.
Potential decline toward target.
Downgrade indicates weaker outlook.
PG&E was cut to Hold with a $17 target.
Flat to slightly lower.
Hold rating suggests no strong move.
Ultragenyx was downgraded to In Line with a $16 target.
Potential decline.
Target cut reflects weaker expectations.
Devon Energy was initiated with a Buy rating and $65 target.
Moderate upside.
New buy initiation suggests favorable view.
Permian Resources was started with a Buy rating and $45 target.
Modest upside.
Buy initiation indicates positive outlook.
Market effects
Broad upgrades in tech and energy may lift sector sentiment.
US market sentiment modestly positive on Thursday.
Limited; primarily US equity focus.
Counterpoint
Upgrades may be premature without fresh earnings data.
Key entities
- CompanyBroadcom
Technology semiconductor firm upgraded to Outperform.
- CompanyDeere & Company
Agricultural equipment maker upgraded to Outperform.
