Boeing upgraded, Under Armour downgraded: Wall Street's top analyst calls

• Argus upgraded Boeing (BA) to Buy from Hold with a $265 terms target. The steadfast believes the institution has "superior" semipermanent prospects owed to its starring beingness successful the increasing commercialized aerospace industry.

• Truist upgraded Best Buy (BBY) to Buy from Hold with a terms people of $95, up from $81. The firm's recognition paper reads are affirmative for Best Buy's Q2 study

• Argus upgraded Centene (CNC) to Buy from Hold with an $80 terms target. The institution appears positioned to scope its anterior borderline targets implicit the adjacent fewer years arsenic Medicaid margins bottommost and higher premiums for Marketplace and Medicare Advantage policies reconstruct profitability to these businesses, the steadfast tells investors successful a probe note.

• UBS upgraded Jabil (JBL) to Buy from Neutral with an unchanged terms people of $430. The steadfast sees a multiyear maturation rhythm for the company, driven by AI concern from Amazon (AMZN), Meta (META), and Google (GOOGL), rising healthcare request arsenic capableness comes online, and scaling automation and robotics markets.

• Citi upgraded Agilon Health (AGL) to Neutral from Sell with a terms people of $115, up from $105. Agilon's execution is driving amended than expected hazard people show and favorable outgo trends, the steadfast tells investors successful a probe note. Citi upgraded Evolent Health (EVH) to Buy from Neutral with a terms people of $6, down from $6.75.

Top 5 Downgrades:

• BofA downgraded AppLovin (APP) to Neutral from Buy with a terms people of $400, down from $430. The risks to AppLovin's articulated 30% year-over-year semipermanent gross maturation forecast person accrued and innovations successful enactment of 30% maturation are besides riskier, the steadfast tells investors.

• Phillip Securities downgraded Airbnb (ABNB) to Reduce from Neutral with a terms people of $158, up from $136. Asia-Pacific and Latin America are increasing astatine two-times the complaint of Airbnb's mature markets but are excessively tiny to offset the slowdown, leaving institution income maturation hinged connected North America, the steadfast tells investors successful a probe note.

• Cantor Fitzgerald downgraded Monday.com (MNDY) to Neutral from Overweight with a terms people of $90, down from $112. Monday.com delivered a beardown Q2 bushed with accelerating AI adoption and endeavor momentum, but declining nett caller yearly recurring gross and weaker new-product KPIs support the absorption connected whether accrued GTM and AI concern tin thrust a sustainable maturation reacceleration earlier shares re-rate, the steadfast tells investors successful a probe note. Wolfe Research besides downgraded Monday.com to Peer Perform from Outperform without a terms target.

• Citi downgraded Allstate (ALL) to Sell from Neutral with a terms people of $240, up from $226. Citi believes the institution is "significantly over-earning today," making it cautious that Allstate's maturation tin amended from here.

• Barclays downgraded Under Armour (UAA) to Underweight from Equal Weight with an unchanged terms people of $5. The steadfast cites the company's "delayed marque recovery" successful a competitory diversion assemblage for the downgrade.