Wall Street upgrades Palantir, Chevron, Adobe; downgrades SkyWest, Greenbrier

Analyst
โดย The Fly·Read original
Summary · why it matters

HSBC upgraded Adobe to Buy from Hold with a price target of $308, up from $282, arguing the market overestimates the adverse impact of AI-based design tools. DA Davidson upgraded Palantir to Buy from Neutral with a price target of $175, up from $165, noting the company has grown into its valuation as profits rose significantly and the stock's multiple contracted. Wolfe Research upgraded Chevron to Outperform from Peer Perform with a $210 price target, citing incremental production options that extend the free cash flow growth outlook beyond 2030. Needham upgraded Silicom to Buy from Hold with a $60 price target after the company announced material progress with a new AI inference customer, resulting in initial production orders. TD Securities upgraded BCE to Buy from Hold with an unchanged price target of C$37, calling the 13% selloff since early June unjustified and an attractive entry point. On the downgrade side, Goldman Sachs cut SkyWest to Neutral from Buy with a price target of $108, down from $126, citing downside risk to block hours. Susquehanna downgraded Greenbrier to Neutral from Positive with an unchanged price target of $52, pointing to a lack of visibility on improved builds and tariffs. Barclays downgraded Dana to Equal Weight from Overweight with a price target of $33, down from $41, believing the path to a higher valuation multiple will take time. DA Davidson downgraded AGNT Inc. to Neutral from Buy with a price target of $6.50, down from $10.25, as checks suggest core U.S. agent count trends resumed their downward trajectory midway through Q2. China Renaissance downgraded Trip.com to Hold from Buy with a $42 price target. Among new initiations, BMO Capital started Honeywell Aerospace with an Outperform rating and $276 price target, implying 21% upside. JPMorgan resumed coverage of On Holding with an Overweight rating and $51 price target, placing the shares on Positive Catalyst Watch. RBC Capital initiated NiSource with an Outperform rating and $52 price target, highlighting a rare combination of above-peer EPS growth and a favorable data center setup in Indiana. RBC Capital also initiated PSEG with a Sector Perform rating and $81 price target, noting the New Jersey regulatory overhang is potentially alleviating but wanting more clarity. KeyBanc initiated Waystar with an Overweight rating and $30 price target, seeing a large valuation disconnect given the company's high-margin growth story with large moats.

Impact on stocks 22

Financials▲ · 7 stocks
Consumer Discretionary▼ · 2 stocks
Industrials▼ · 2 stocks
Greenbrier Companies Inc
GBX
▼ NegativeCapitalrelevance

Susquehanna downgraded Greenbrier to Neutral from Positive, citing lack of visibility on improved builds and tariffs.

SkyWest Inc
SKYW
▼ NegativeDemandrelevance

Goldman Sachs downgraded SkyWest due to downside risk to block hours (lower demand).

Defense & Geopolitical Fragmentation▲ · 2 stocks
Energy Transition & Power Demand▲ · 2 stocks
Artificial Intelligence▲ · 1 stocks
Adobe Systems Incorporated
ADBE
▲ PositiveCapitalrelevance

HSBC upgraded Adobe to Buy from Hold with a price target increase, citing market overestimates AI impact.

Communication Services▲ · 1 stocks
BCE Inc
BCE
▲ PositiveCapitalrelevance

TD Securities upgraded BCE to Buy from Hold, calling recent selloff unjustified and an attractive entry point.

Energy▲ · 1 stocks
Chevron Corp
CVX
▲ PositiveCapitalrelevance

Wolfe Research upgraded Chevron to Outperform with a $210 target, citing incremental production options extending FCF growth.

Electrification & Mobility▼ · 1 stocks
Dana Inc
DAN
▼ NegativeCapitalrelevance

Barclays downgraded Dana to Equal Weight from Overweight, believing path to higher valuation multiple will take time.

Digital Finance & Tokenization▲ · 1 stocks
Information Technology▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks

Off-coverage companies 2

D.A. Davidson & Co.Private± Mixed
relevance

Susquehanna International GroupPrivate± Mixed
relevance

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