Western Digital upgraded, PayPal initiated: Wall Street's top analyst calls

3 days ago 5

The Fly

Tue, March 31, 2026 astatine 8:32 AM CDT 4 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:

Bernstein upgraded Western Digital (WDC) to Outperform from Market Perform with a terms people of $340, up from $170. Memory and hard disk thrust stocks person sold disconnected importantly connected concerns astir Google's (GOOGL) TurboQuant report, but the steadfast believes it should person "zero impact" connected hard disk thrust request and "negligible impact" connected NAND demand.
BofA upgraded Shake Shack (SHAK) to Neutral from Underperform with a terms people of $101, up from $88. Menu innovation and featured worth are contributing to much unchangeable aforesaid store traffic, says the firm, which raised the firm's FY26 adjusted EBITDA estimation to $288M from $279M arsenic supply-chain savings offset inflation.
UBS upgraded Perimeter Solutions (PRM) to Buy from Neutral with a terms people of $30, up from $26. The banal selloff is overdone arsenic the institution has continued to execute good and deploy currency into accretive acquisitions, the steadfast tells investors successful a probe note.
William Blair upgraded 10x Genomics (TXG) to Outperform from Market Perform. The steadfast is affirmative connected the company's relation successful enabling the high-resolution biologic insights needed to physique decision-enabling models and considers that execution and profitability person improved.
Morgan Stanley upgraded Highwoods Properties (HIW) to Equal Weight from Underweight with a terms people of $23, down from $24. The steadfast says its Underweight thesis has played retired and cites valuation for the upgrade.

Top 5 Downgrades:

Jefferies downgraded Rockwell Automation (ROK) to Hold from Buy with a terms people of $380, down from $490, aft a transportation successful expert coverage. The steadfast believes capitalist interest astir AI disintermediation whitethorn bounds a re-rating for Rockwell from existent stock levels.
Jefferies downgraded Vertiv (VRT) to Hold from Buy with a terms people of $260, down from $280, aft a transportation successful expert coverage. The steadfast views statement out-of-year borderline expectations arsenic elevated, saying they see Vertiv reaching its semipermanent people a twelvemonth early.
TD Cowen downgraded Colgate-Palmolive (CL) to Hold from Buy with a terms people of $85, down from $96. The steadfast chopped the company's net estimates to bespeak inflationary unit from higher prices of oil-based inputs and perchance higher costs for tallow, which are up 40% versus a twelvemonth agone connected the Chicago Mercantile Exchange.
Truist downgraded Phreesia (PHR) to Hold from Buy with a terms people of $11, down from $24. The company's Q4 net merchandise came with a "meaningful reduction" to its fiscal 2027 gross outlook, the steadfast tells investors successful a probe note. Baird, JPMorgan and Citi besides downgraded banal to Neutral-equivalent ratings.
Truist downgraded Terns Pharmaceuticals (TERN) to Hold from Buy with a terms people of $53, down from $56, aft the institution agreed to beryllium acquired by Merck (MRK) for $53 per share. Some investors person anticipation for an interloper, but Truist believes that Merck wouldn't person announced the acquisition unless it was adjacent to being finalized.