Wall Street research calls span 5 upgrades, 5 downgrades and 5 initiations

  • Wall Street firms issued five upgrades, five downgrades and five coverage initiations.
  • Morgan Stanley raised Shell’s price target to $101.30 from $81.60.
  • The Fly compiled the research calls across 15 publicly traded companies.

Wall Street analysts issued five upgrades, five downgrades and five new or resumed coverage calls across a broad group of companies, according to The Fly. Bernstein raised Ormat Technologies to Market Perform from Underperform with a $112 price target, while Morgan Stanley upgraded Shell to Overweight from Equal Weight and increased its target to $101.30 from $81.60. Barclays upgraded W.P. Carey to Equal Weight, Baird raised Sonida Senior Living to Outperform, and Piper Sandler upgraded Simmons First National to Overweight. The downgrades included UiPath, Ambarella, Cal-Maine Foods, Duluth Holdings and HASI, with analysts citing valuation, competitive conditions, cost pressures, limited catalysts and interest rates. New or resumed coverage included Buy ratings for Belite Bio, PulteGroup and Dianthus, an Equal Weight rating for Paychex and a Hold rating for Lennar. Price targets ranged from $5 for Duluth Holdings to $303 for Belite Bio, while StoneX assigned no target to Lennar and removed its prior target for Cal-Maine Foods.

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