Here Are Monday’s Top Wall Street Analyst Research Calls: Applied Digital, Autodesk, Datadog, First Solar, L3Harris Technologies, PepsiCo, Roblox, Snowflake, TeraWulf and More
Wall Street analysts issued updates on several companies. First Solar (FSLR) was upgraded to Sector Weight at KeyBanc. Liberty Energy (LBRT) was upgraded to Overweight with a $27 target at Barclays. PepsiCo (PEP) was downgraded to Hold with a $138 target at Deutsche Bank. Roblox (RBLX) was downgraded to Underperform with a $38 target at Jefferies.
How this was made
The 30-second read
Why it matters
The mixed set of rating changes provides selective bullish signals for upgraded names and caution for downgraded ones, but overall impact on market direction is modest.
Market read
The rating changes affect a range of sectors but are not driven by a single macro event, limiting overall market impact.
What to watch
Potential macro headwinds from rising rates could offset upgrade benefits.
Background
The article aggregates analyst upgrades, downgrades, and initiations released on Monday, September 28, 2026.
Ticker impact
First Solar was upgraded to Sector Weight from Underweight at KeyBanc.
likely upward pressure as the market prices in the upgrade
Analyst upgrade without target suggests improved outlook.
Liberty Energy was upgraded to Overweight from Equal Weight at Barclays with a $27 target price.
potential upside as investors consider the new target
Explicit price target reinforces the upgrade.
Park Hotels & Resorts was raised to Strong Buy from Market Perform at Raymond James with a $19 target price.
likely upward as the rating signals strong confidence
Strong‑Buy and target price provide clear bullish signal.
Royal Caribbean Group was upgraded to Buy from Neutral at Bank of America with a $330 target price.
upward pressure from the upgrade and target price
Buy rating and high target suggest upside.
Teleflex was upgraded to Buy from Neutral at Bank of America with a $158 target price.
likely upward as investors react to the new rating
Buy rating with target price signals improvement.
Acadia Healthcare Company was cut to Outperform from Strong Buy at Raymond James, target unchanged at $39.
potential downward pressure from the downgrade
Reduction from Strong Buy signals weaker outlook.
L3Harris Technologies was cut to Hold from Buy at Argus.
likely downward as the rating is reduced
Hold replaces Buy, indicating less confidence.
Pegasystems was downgraded to Neutral from Buy at DA Davidson.
potential downward pressure from the downgrade
Neutral replaces Buy, suggesting weaker expectations.
Market effects
Broad upgrades in energy, consumer, and tech sectors may lift related ETFs.
US equity markets may see modest positive bias from multiple upgrades.
Limited; primarily affects US‑listed equities.
Counterpoint
Some upgrades may be premature if broader market volatility persists.
Key entities
- AnalystKeyBanc
Upgraded First Solar.
- AnalystBarclays
Upgraded Liberty Energy.
- AnalystRaymond James
Upgraded Park Hotels & Resorts and downgraded Acadia Healthcare.
- AnalystBank of America
Upgraded Royal Caribbean and Teleflex, downgraded PepsiCo.
- AnalystArgus
Downgraded L3Harris.
