Latest Wall Street Research Calls: Upgrades and Downgrades
Top Upgrades:
* Cisco (CSCO): Exane BNP Paribas upgrades to Outperform from Neutral, price target raised to $72 from $57.
* Autodesk (ADSK): Mizuho upgrades to Outperform from Neutral, price target increased to $400 from $280.
* Astera Labs (ALAB): Northland upgrades to Outperform from Market Perform, price target set at $120.
* Ciena (CIEN): JPMorgan upgrades to Overweight from Neutral, price target raised to $88 from $84.
* Roper Technologies (ROP): TD Cowen upgrades to Buy from Hold, price target increased to $615 from $535.
Top Downgrades:
* AMD (AMD): Melius Research downgrades to Hold from Buy, price target lowered to $129 from $160.
* Vertiv Holdings (VRT), Eaton (ETN), Johnson Controls (JCI), Trane (TT): Melius Research downgrades all to Hold from Buy, price targets adjusted to $125, $373, $95, and $398 respectively.
* Logility (LGTY): Maxim downgrades to Hold from Buy following its acquisition by Aptean.
Top Initiations:
* Applied Digital (APLD): Compass Point initiates with a Buy rating, price target set at $10.
* Expand Energy (EXE): Piper Sandler initiates with a Neutral rating, price target set at $96.
* Emerson (EMR): Daiwa initiates with an Outperform rating, price target set at $147.
* Mind Medicine (MNMD): Evercore ISI initiates with an Outperform rating, price target set at $23.
* Oklo (OKLO): Craig-Hallum initiates with a Buy rating, price target set at $44.