Netflix upgrade, PayPal downgrade and Palantir Technologies 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:
Wedbush analyst Michael Pachter upgraded Netflix (NFLX) to Neutral from Underperform with an unchanged price target of $342. The recent share price decline reflects that Netflix investors have begun to appreciate that the company’s “long-term prognosis is as a low growth, extremely profitable enterprise,” Pachter told investors in a research note.
Loop Capital analyst Anthony Chukumba upgraded Dollar Tree (DLTR) to Buy from Hold with a price target of $200, up from $140, following the announcement that the company will reconstitute its board of directors, with former Dollar General CEO Rick Dreiling to become Executive Chairman. Piper Sandler analyst Peter Keith also upgraded Dollar Tree to Overweight from Neutral with a price target of $181, up from $157.
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