Arm upgraded, Mondelez downgraded: Wall Street's top analyst calls

1 week ago 12

The Fly

Wed, March 25, 2026 astatine 8:48 AM CDT 3 min read

The astir talked astir and marketplace moving probe calls astir Wall Street are present successful 1 place. Here are today's probe calls that investors request to know, arsenic compiled by The Fly.

Top Upgrades:

Raymond James upgraded Arm (ARM) to Outperform from Market Perform with a $166 terms target. The steadfast cites the company's announced concern exemplary displacement to see a fabless semiconductor constituent for the upgrade.
Wolfe Research upgraded General Motors (GM) to Outperform from Peer Perform with a $96 terms target. While 2026 could spot tiny further step-up successful earthy materials, investors whitethorn beryllium underappreciating the magnitude of imaginable tailwinds into 2027, including the upcoming FS Pickup refresh, further simplification successful warranty costs, little nett tariff burden, and further improved EV losses, says the firm.
Wolfe Research upgraded BorgWarner (BWA) to Outperform from Peer Perform with a $68 terms target. While immoderate investors are "understandably skeptical," the operation of competitory specs, choky supply/demand, and "a compelling TCO" could marque Power Generation an "attractive" accidental for BorgWarner that is not priced successful aft the banal pullback, the steadfast tells investors.
BofA upgraded Acadia Pharmaceuticals (ACAD) to Buy from Neutral with an unchanged terms people of $29. The caller 25% pullback successful stock terms is not related to fundamentals and much related to macro factors, says the firm, which has nary alteration to the firm's cardinal presumption of the company.
Wells Fargo upgraded Oneok (OKE) to Overweight from Equal Weight with a terms people of $100, up from $81. The steadfast says the Iran warfare volition make a "structural shift" successful planetary vigor markets, including midstream.

Top Downgrades:

Rothschild & Co Redburn downgraded Mondelez (MDLZ) to Neutral from Buy with a terms people of $55, down from $71. The institution is facing "numerous near-term threats," including softening volumes and tougher contention successful European chocolate, a sluggish U.S. biscuit class and slower maturation successful emerging markets, the steadfast tells investors successful a probe note.
JPMorgan downgraded EVgo (EVGO) to Neutral from Overweight without a terms people pursuing a transportation successful expert coverage. JPMorgan sees constricted near-term affirmative catalysts and says EVgo's semipermanent borderline imaginable could instrumentality an extended play of clip to beryllium out.
Brean Capital downgraded W. R. Berkley (WRB) to Neutral from Buy with a $73 terms people upon resuming coverage. While calling W. R. Berkley "among the country's largest and best-performing specialty commercialized lines writers," the steadfast expects top-line maturation to dilatory implicit the adjacent fewer years owed to softening marketplace conditions successful respective lines.
BMO Capital downgraded Alexandria Real Estate (ARE) to Market Perform from Outperform with a terms people of $52, down from $65. The steadfast cites elevated dilution from the company's plus income and accrued uncertainty astir a request betterment successful beingness sciences for the downgrade.