Astera initiated, Nasdaq upgraded: Wall Street's top analyst calls

8 hours ago 1

The Fly

Thu, November 20, 2025 astatine 8:40 AM CST 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:

Morgan Stanley upgraded Apollo Global (APO) to Overweight from Equal Weight with a terms people of $180, up from $151. The steadfast sees the company's maturation accelerating successful 2026 and 2027 driving a "multiple uplift" aft years of deceleration.
William Blair upgraded Parsons (PSN) to Outperform from Market Perform. The institution is "highly aligned" to the "four maturation pillars" of the GoldenDome project, the Trump administration's aerial postulation power modernization project, U.S. infrastructure modernization, and the Middle East infrastructure "boom," the expert tells investors successful a probe note. The steadfast views Parsons arsenic "uniquely positioned" arsenic 1 of the fewer contractors susceptible of serving arsenic task manager and systems integrator for "these positive mega projects."
Barclays upgraded Marsh McLennan (MMC) to Overweight from Equal Weight with a terms people of $206, down from $221. The steadfast reduced integrated maturation estimates "across the board" for the security brokers, saying spot and casualty pricing is beneath expectations.
Raymond James treble upgraded Jack Henry (JKHY) to Strong Buy from Market Perform with a $198 terms target, which represents 19% upside. The steadfast believes the institution offers a operation of imaginable upside to near-term estimates and a "meaningful" stock summation accidental driven by a competitor's halfway consolidation implicit the mid-term.
Morgan Stanley upgraded Nasdaq (NDAQ) to Overweight from Equal Weight with a terms people of $110, up from $97. The company's gross maturation is positioned to accelerate crossed its solutions concern arsenic the headdress markets betterment ramps and the macro situation "remains supportive" into 2026, the steadfast tells investors successful a probe note.

Top 5 Downgrades:

Erste Group downgraded Coinbase (COIN) to Hold from Buy. While Coinbase is benefiting from the expanding dispersed of cryptocurrencies, the expanding proviso of low-cost bitcoin ETFs is jeopardizing "lucrative" backstage lawsuit revenues that are an important root of income and replacing this concern with ETF providers volition "significantly" trim profitability, the steadfast tells investors.
TD Cowen downgraded BellRing Brands (BRBR) to Hold from Buy with a terms people of $31, down from $37. The steadfast sees downside hazard to the company's fiscal 2026 guidance owed to its "increasingly competitory backdrop" and deficiency of visibility into its 2 largest customers.
Mizuho downgraded Eversource (ES) to Neutral from Outperform with a terms people of $68, down from $81. The steadfast cites concerns implicit regularisation successful Connecticut for the downgrade.
Jefferies downgraded Globant (GLOB) to Hold from Buy with a terms people of $61, down from $80. The company's integrated maturation has lagged peers owed to its greater vulnerability to underperforming regions and verticals, the steadfast tells investors successful a probe note.
Morgan Stanley downgraded MarketAxess (MKTX) to Equal Weight from Overweight with a terms people of $209, down from $247. The steadfast believes a "benign" recognition outlook and beardown backdrop for caller issuances into 2026 volition apt measurement connected MarketAxess' marketplace share.