Wall Street analysts upgrade Sirius XM, downgrade Nio and launch new stock coverage

Wall Street research calls compiled by The Fly included upgrades for Sirius XM, GitLab, Matador, Martin Marietta and InterContinental, with Sirius XM’s target raised to $45 from $31. Analysts cited potential disconnects between Sirius XM’s consensus estimates and its 2027 and 2028 prospects, improving execution at GitLab, acquisition-related synergies at Martin Marietta and continued earnings growth at InterContinental. Downgrades affected Toast, Nio, Amrize, Knife River and EyePoint, while JPMorgan and BofA issued separate downgrades of Amrize. The calls cited slower demand at Nio, weaker growth expectations for Amrize, limited growth and lower bid margins at Knife River, and the failure of EyePoint’s first Phase III (late-stage clinical trial) study in wet age-related macular degeneration. New coverage included Block, Klarna, Affirm, Chime, DraftKings, Flutter Entertainment, Tempus AI and uniQure. Ratings ranged from Sector Perform to Outperform and Overweight, with price targets including $82 for Block, $95 for Affirm, $40 for DraftKings, $150 for Flutter Entertainment, $80 for Tempus AI and a $73 fair value estimate for uniQure.