Wall Street research calls span upgrades, downgrades and new coverage

  • Citizens upgraded J.B. Hunt to outperform from market perform with a $300 price target.
  • Goldman Sachs raised Sunbelt Rentals to buy and increased its price target to $93.
  • Analysts downgraded Lyft, cybersecurity stocks, Boston Scientific, Copart and Pegasystems.

Wall Street analysts issued a broad slate of research calls, including upgrades for J.B. Hunt, Sunbelt Rentals, Trip.com, Haemonetics and HawkEye 360. Downgrades covered Lyft, Palo Alto Networks, Okta, SentinelOne, Boston Scientific, Copart and Pegasystems, while firms initiated or resumed coverage on Kraft Heinz, Honeywell Aerospace, SiTime, VF Corp., Warner Bros. Discovery and Paramount Skydance. Key calls included Citizens’ $300 price target for J.B. Hunt, Goldman Sachs’ increase in Sunbelt Rentals’ target to $93 from $78, and BofA’s reduction of HawkEye 360’s target to $23 from $34 despite citing its $292 million backlog. Bernstein said cybersecurity stocks now looked fairly valued after a strong rally. Barclays said a Paramount-Warner merger could create growth optionality in streaming and studios but would be difficult to execute alongside synergy and deleveraging goals. Earlier calls in the record included bitcoin-miner coverage, Apple and Alphabet recommendations, and valuation-based views on Crescent Energy.

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