Palantir upgraded, Best Buy downgraded: Wall Street's top analyst calls

2 hours ago 1

The Fly

Mon, February 2, 2026 astatine 8:47 AM CST 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 5 Upgrades:

Arete upgraded Shopify (SHOP) to Buy from Neutral with a terms people of $175, up from $166. The steadfast sees an charismatic valuation pursuing the caller stock weakness.
William Blair upgraded Palantir (PLTR) to Outperform from Market Perform without a terms people up of the company's net report. The steadfast cites valuation for the upgrade pursuing the stock's 30% selloff.
BTIG upgraded McDonald's (MCD) to Buy from Neutral with a $360 terms target, telling investors that the firm's franchise checks suggest changes to the value/promotions strategy is driving postulation maturation connected a accordant basis.
JPMorgan upgraded Autodesk (ADSK) to Overweight from Neutral with an unchanged terms people of $319. The steadfast adjusted ratings successful the concern bundle space, citing a displacement successful a condemnation driven by "diverging fundamentals" wrong the vertical software-as-service landscape.
JPMorgan upgraded Church & Dwight (CHD) to Neutral from Underweight with a terms people of $100, up from $92. JPMorgan believes Church & Dwight's reshaped portfolio volition output amended income growth.

Top 5 Downgrades:

JPMorgan downgraded Best Buy (BBY) to Neutral from Overweight with a terms people of $76, down from $99. The steadfast sees a "tough" Q4 study for the company.
Leerink downgraded BioNTech (BNTX) to Market Perform from Outperform with a terms people of $113, up from $112. While Leerink remains fundamentally affirmative connected the company's imaginable for semipermanent differentiation, the steadfast does not expect meaningful information readouts that corroborate the imaginable of these combinations until 2027 oregon later.
Scotiabank downgraded Fortinet (FTNT) to Sector Perform from Outperform with an unchanged terms people of $85. Following a quantitative investigation and caller main accusation information serviceman checks, the steadfast is little optimistic connected the shares successful 2026.
HSBC downgraded Chevron (CVX) to Hold from Buy with a terms people of $180, up from $169. The steadfast cites valuation for the downgrade pursuing the stock's rally year-to-date.
Morgan Stanley downgraded Humana (HUM) to Underweight from Equal Weight with a terms people of $174, down from $262. The steadfast says the company's 2026 bid strategy and argumentation hazard whitethorn dilatory its borderline turnaround.

Top 5 Initiations:

Phillip Securities initiated sum of Micron (MU) with a Buy standing and $500 terms target. The steadfast believes Micron tin "chip away" astatine SK Hynix's marketplace stock erstwhile its HBM4 ramps beyond Q2.
Morgan Stanley initiated sum of Circle Internet (CRCL) with an Equal Weight standing and $66 terms target. The steadfast says investors are improbable to springiness Circle shares a higher valuation earlier further adoption of stablecoin technology.
Citizens initiated sum of Stewart (STC) with an Outperform standing and $80 terms target. The steadfast finds the shares attractively valued astatine existent levels.
Wells Fargo initiated sum of Praxis Precision (PRAX) with an Equal Weight standing and $282 terms target. The steadfast believes sentiment towards ulixacaltamide is bullish, but Wells finds the support "hard to call" and ascribes a 50% probability of success.
Craig-Hallum initiated sum of Thermon Group (THR) with a Buy standing and $60 terms target. The steadfast sees improving concern that has transformed successful caller years to beryllium much diversified, high-margin, and mostly recurring, and is an emerging beneficiary of information halfway buildouts with caller merchandise benefiting from displacement to liquid cooling.