Intel upgrade, Quest Diagnostics downgrade and DoubleVerify initiation among today’s top calls on Wall Street
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Research analysts at Wall Street’s largest banks issue recommendations on whether a stock should be bought, held, or sold. The Fly’s team of financial market experts scours hundreds of research notes daily to uncover the best trading ideas. Check out today’s top analyst calls from around Wall Street, compiled by The Fly.
Top 5 Upgrades:
Raymond James analyst Chris Caso upgraded Intel (INTC) to Market Perform from Underperform without a price target. The analyst is not confident that the stock would meaningfully underperform further, particularly in an industry downturn scenario.
JPMorgan analyst Sterling Auty upgraded Palo Alto Networks (PANW) to Neutral from Underweight with a price target of $620, up from $600, following second quarter results. Palo Alto is one of the cybersecurity companies that is well positioned to compete for the cloud security opportunity, Auty told investors in a research note.
Baird analyst Andrew Wittmann upgraded Fluor (FLR) to Outperform from Neutral with a price target of $29, down from $30. Cleaner results with fewer project charges, greater visibility into where estimates should coalesce, and rising commodity prices give him greater confidence that Fluor shares “are actually inexpensive, rather than just appearing to be so.”
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