Intel upgraded, DraftKings downgraded: Wall Street's top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly.
Top 5 Upgrades:
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Roth Capital upgraded Intel (INTC) to Buy from Neutral with a price target of $100, up from $50. The firm is “impressed” with the improved execution under CEO Lip Bu Tan, who has rapidly improved manufacturing efficiency and CPU products to take advantage of the tailwinds of agentic AI. Citi and Evercore ISI also upgraded Intel to Buy-equivalent ratings.
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DA Davidson upgraded AMD (AMD) to Buy from Neutral with a price target of $375, up from $220. The firm cites the “structural increase” in central processing unit demand and “much improved” visibility into AMD’s role in the data center buildout for the upgrade.
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HSBC upgraded Southwest (LUV) to Hold from Reduce with a price target of $36.10, up from $24.40. HSBC believes Southwest’s “massive” increase in RASM and cost controls could partly offset fuel pressure and boost its earnings
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Scotiabank upgraded Magna (MGA) to Outperform from Sector Perform with a price target of $72, up from $69. Wealthy consumers are propping up the auto market, which should be a tailwind to mix as the firm believes more affluent customers tend to buy higher content pickup trucks and SUVs.
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Raymond James upgraded Polaris (PII) to Outperform from Market Perform with a $66 price target. The rating change reflects shifting competitive dynamics in the U.S. powersports industry following new tariffs on imported steel, aluminum, and copper.
Top 5 Downgrades:
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MoffettNathanson downgraded DraftKings (DKNG) and Flutter Entertainment (FLUT) to Neutral from Buy. The firm no longer sees “the clouds lifting on these stocks until there is some regulatory clarity on prediction markets.”
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Deutsche Bank downgraded Comcast (CMCSA) to Hold from Buy with a price target of $34, down from $35. The firm reduced the company’s 2027 EBITDA and free cash flow estimates post the Q1 report and now sees limited upside in the shares.
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Rothschild & Co Redburn downgraded Insulet (PODD) to Neutral from Buy with a price target of $220, down from $380. The company’s distribution and product moats are “eroding,” the firm tells investors in a research note.
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Jefferies downgraded Sportradar (SRAD) to Hold from Buy with a price target of $14, down from $30. The stock could be range-bound in the near term as the company’s business practices face scrutiny, the firm tells investors in a research note
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Morgan Stanley downgraded Freeport-McMoRan (FCX) to Equal Weight from Overweight with a price target of $66, down from $70. While the long-term prospects of the company’s Grasberg Block Cave mine in Indonesia remain unchanged, the slower production ramp-up and temporarily higher costs will weigh on the stock performance for some time, the firm tells investors in a research note.