Oracle upgraded, Workday 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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Oppenheimer upgraded Oracle (ORCL) to Outperform from Perform with an $185 price target. The firm says that while its call may be early, since it will take time Oracle to show financial success as a more capital-intensive business in future results, Oppenheimer sees a favorable risk/reward after the stock’s multiples have been cut by more than half since September.
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UBS upgraded IBM (IBM) to Neutral from Sell with an unchanged price target of $236. The firm says the stock’s risk/reward is more balanced going forward following the 22% selloff in 2026.
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Jefferies upgraded Enphase Energy (ENPH) to Buy from Hold with a price target of $57, up from $42. Following a 2026 volume trough, the firm sees demand and margin visibility to improve.
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Loop Capital upgraded Trex Company (TREX) to Buy from Hold with a price target of $53, up from $45, following the Q4 report. Loop believes share loss concerns around Trex are overblown.
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Wells Fargo upgraded Principal Financial (PFG) to Equal Weight from Underweight with a price target of $91, up from $85. The firm sees less downside following the post-earnings selloff.
Top 5 Downgrades:
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TD Cowen downgraded Workday (WDAY) to Hold from Buy with a price target of $155, down from $200. Q4 deal slippage led to another ratchet down in the growth forecast, says the firm, which now models about 11.5% organic growth in FY27 compared to 14% and 17% the last two years. Evercore ISI also downgraded Workday to In Line from Outperform with a price target of $160, down from $200.
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Wells Fargo downgraded Kroger (KR) to Equal Weight from Overweight with a price target of $68, down from $70. The firm is turning more cautious and moving to the sidelines.
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Baird downgraded First Solar (FSLR) to Neutral from Outperform with a price target of $205, down from $264. The company reported “mixed” Q4 results with “several question marks” in its forward outlook, the firm tells investors in a research note.
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BofA downgraded Fox Corp. (FOXA) to Underperform from Buy with a price target of $45, down from $80. The firm views Fox as the most exposed stock in its media coverage to the upcoming NFL renewal.
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BofA downgraded Molson Coors (TAP) to Underperform from Neutral with a price target of $42, down from $50. Following Q4 results and the company’s presentation at CAGNY last week, the firm lowers estimates, noting that the company’s FY26 outlook was weaker than expected and provided limited visibility into stabilizing volumes.