Wall Street analysts issue fresh upgrades, downgrades and initiations across stocks

  • Bank of America and Deutsche Bank upgraded Royal Caribbean to Buy with targets of $330 and $299, respectively, after a 26% share decline.
  • The decline pushed Royal Caribbean's estimated 2027 EV/EBITDA multiple below 10x, while Tigress Financial maintained a Buy rating and $425 target.
  • Analysts also changed ratings on First Solar, Sweetgreen, Teleflex, Roblox, PepsiCo, UiPath, BlackLine and Acadia Healthcare, and initiated or resumed coverage of Coinbase, 10x Genomics, Fortive, IonQ and Resideo.

Wall Street analysts issued a broad set of rating changes and new coverage across travel, technology, consumer, healthcare and financial stocks. Bank of America and Deutsche Bank upgraded Royal Caribbean to Buy, with price targets of $330 and $299, respectively, after the shares fell 26% from their August 5 peak. The decline pushed estimated 2027 EV/EBITDA below 10x. Bank of America cited strong fundamentals, the cruise operator's ability to gain further travel share and its investment in Sandals Resorts as potential drivers of outsized EBITDA growth, while Tigress Financial Partners maintained its Buy rating and $425 target and said the Sandals and Beaches Resorts collaboration could add $900 million in EBITDA by the end of the decade. KeyBanc upgraded First Solar to Sector Weight on valuation, Raymond James raised Park Hotels & Resorts to Strong Buy despite a 48% year-to-date rally, Wells Fargo lifted Sweetgreen to Overweight and raised its target to $11 from $6, and Bank of America upgraded Teleflex to Buy with a $158 target. Downgrades included Roblox to Underperform at Jefferies, PepsiCo to Hold at Deutsche Bank, UiPath and BlackLine to Underperform at DA Davidson, and Acadia Healthcare to Outperform from Strong Buy at Raymond James. New or resumed coverage included Coinbase at Outperform with a $237 price target from Keefe Bruyette, 10x Genomics at Buy with a $110 target from Argus, Fortive at In Line with a $60 target from Evercore ISI, IonQ at Buy with a $60 target from Bank of America, and Resideo at Outperform with a $30 target from Evercore ISI. Carnival was scheduled to report fiscal third-quarter results before Tuesday's market open, with consensus estimates of $1.35 in adjusted earnings per share and $8.39 billion in revenue.

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