Hot Stock Picks and Price Drops: Wall Street’s Recent Upgrades and Downgrades
The U.S stock market ticked up Friday after a tech-fueled sell-off this week, as investors looked forward to inflation data and the unofficial start of earnings season with big Wall Street banks sharing latest quarterly figures. So far today, The…
The U.S stock market ticked up Friday after a tech-fueled sell-off this week, as investors looked forward to inflation data and the unofficial start of earnings season with big Wall Street banks sharing latest quarterly figures. So far today, The S&P 500 gained 0.5%, just shy of its recent record high, while the Dow Jones Industrial Average and the Nasdaq also added 0.45%.
Wall Street banks kicked off earnings season before the bell, testing the sector’s rally that has outpaced the S&P 500 this year. JPMorgan Chase saw a 25% profit surge in Q2, boosted by rising investment banking fees and an $8 billion gain from Visa, but its shares still slipped. Wells Fargo dropped 6% after posting a profit decline and missing interest income estimates, while Citi fell 2% despite a 10% profit rise due to a modestly lower net interest income outlook for 2024. As investors digest these earnings alongside inflation data, the market is starting to shift focus from high-flying tech stocks like Nvidia to more stable sectors like utilities and real estate.
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Friday, July 12th Upgrades and Downgrades
| Company | Ticker | Brokerage Firm | Ratings | Price Target | Current Price | Upside/ Downside |
| Booking Holdings | BKNG | Benchmark | Buy | $4,700 | $3,989.09 | 17.82% |
| Nvidia | NVDA | Benchmark | Buy | $135~$170 | $128.99 | 31.79% |
| Howmet Aerospace | HWM | Benchmark | Buy | $53~$85 | $79.67 | 6.69% |
| Kaiser Aluminum | KALU | Benchmark | Buy | $84~$100 | $93.28 | 7.20% |
| EVgo | EVGO | Benchmark | Buy | $3~$5 | $3.87 | 29.20% |
| Carvana | CVNA | BTIG | Buy | Initiated at $155 | $134.50 | 15.24% |
| DraftKings | DKNG | BTIG | Buy | $55~$53 | $37.77 | 40.32% |
| Amphenol | APH | Citi | Buy | $81 | $69.65 | 16.30% |
| Seagate | STX | Citi | Buy | $110~$120 | $106.58 | 12.59% |
| Western Digital | WDC | Citi | Buy | $90~$95 | $77.52 | 22.55% |
| Array Technologies | ARRY | Citi | Buy | $17~$14 | $11.37 | 23.13% |
| Air Products | APD | Citi | Buy | $280~$305 | $259.64 | 17.47% |
| DuPont | DD | Citi | Buy | $95~$94 | $80.72 | 16.45% |
| Ecovyst | ECVT | Citi | Buy | $13~$11 | $9.33 | 17.90% |
| IFF | IFF | Citi | Buy | $108~$116 | $98.12 | 18.22% |
| Liberty Global | LBTYA | Deutsche Bank | Buy | $33~$34 | $18.74 | 81.43% |
| Block | SQ | Deutsche Bank | Buy | $90~$98 | $69.17 | 41.68% |
| Inter Parfums | IPAR | Jefferies | Buy | $140 | $128.31 | 9.11% |
| J.Jill | JILL | Jefferies | Buy | $44 | $37.30 | 17.96% |
| ESS Tech | GWH | Roth MKM | Buy | Initiated at $1.50 | $0.86 | 74.42% |
| Sensus Healthcare | SRTS | Roth MKM | Buy | Initiated at $10 | $5.85 | 70.94% |
| Six Flags Entertainment | FUN | Stifel | Buy | $53~$68 | $53.21 | 27.80% |
| Brunswick | BC | Stifel | Buy | $97~$95 | $77.41 | 22.72% |
| MarineMax | HZO | Stifel | Buy | $35~$40 | $36.50 | 9.59% |
| MasterCraft Boat | MCFT | Stifel | Buy | $25~$22 | $19.11 | 15.12% |
| CACI | CACI | TD Cowen | Buy | $435~$480 | $434.11 | 10.57% |
| Floor & Decor | FND | TD Cowen | Buy | $115~$100 | $96.82 | 3.28% |
| Costco | COST | TD Cowen | Buy | $850~$925 | $839.86 | 10.14% |
| Ollie’s Bargain Outlet | OLLI | Truist | Buy | $102~$109 | $101.87 | 7.00% |
| APA Corp. | APA | Truist | Buy | $53~$52 | $29.87 | 74.09% |
| Delta Air Lines | DAL | Bernstein | Outperform | $66~$62 | $44.40 | 39.64% |
| Microsoft | MSFT | BMO Capital | Outperform | $465~$500 | $452.18 | 10.58% |
| BayCom | BCML | Hovde Group | Outperform | Initiated at $24 | $21.67 | 10.75% |
| Lantheus | LNTH | Mizuho | Outperform | $100~$165 | $121.34 | 35.98% |
| Domino’s Pizza | DPZ | Oppenheimer | Outperform | $580 | $483.00 | 20.08% |
| NXP Semiconductors | NXPI | Oppenheimer | Outperform | $295~$330 | $277.97 | 18.72% |
| Chipotle | CMG | Stephens | Equal Weight | $61~$64 | $58.51 | 9.38% |
| Valero | VLO | Wells Fargo | Equal Weight | $179~$156 | $146.22 | 6.69% |
| BP | BP | Wells Fargo | Equal Weight | $42~$41 | $35.19 | 16.51% |
| Occidental Petroleum | OXY | Wells Fargo | Equal Weight | $69~$68 | $61.36 | 10.82% |
| InMode | INMD | Canaccord | Hold | $21~$16 | $17.39 | -7.99% |
| Spirit AeroSystems | SPR | Deutsche Bank | Hold | $37~$37.25 | $34.61 | 7.63% |
| Telus International | TIXT | Citi | Neutral | $7 | $6.37 | 9.89% |
| Albemarle | ALB | Citi | Neutral | $137~$100 | $98.78 | 1.24% |
| Ecolab | ECL | Citi | Neutral | $257~$267 | $245.86 | 8.60% |
| Tesla | TSLA | Mizuho | Neutral | $180~$230 | $243.96 | -5.72% |
| Rivian Automotive | RIVN | Mizuho | Neutral | $11~$15 | $17.76 | -15.54% |
| Southern Copper | SCCO | UBS | Neutral | $120 | $114.42 | 4.88% |
| HubSpot | HUBS | UBS | Neutral | $640~$580 | $474.11 | 22.33% |
| Plymouth Industrial REIT | PLYM | Wedbush | Neutral | Initiated at $23 | $22.74 | 1.14% |
| Stag Industrial | STAG | Wedbush | Neutral | Initiated at $38 | $37.65 | 0.93% |
| Revolution Medicines | RVMD | Barclays | Overweight | Initiated at $52 | $43.95 | 18.32% |
| Enphase Energy | ENPH | Barclays | Overweight | $134~$131 | $115.23 | 13.69% |
| Royal Caribbean | RCL | Barclays | Overweight | $165~$185 | $165.78 | 11.59% |
| Joby Aviation | JOBY | Cantor Fitzgerald | Overweight | $10 | $6.34 | 57.73% |
| Netflix | NFLX | JPMorgan | Overweight | $650~$750 | $652.79 | 14.89% |
| Boston Beer | SAM | Piper Sandler | Overweight | $350~$344 | $287.54 | 19.64% |
| Biogen | BIIB | Piper Sandler | Overweight | $335~$313 | $232.27 | 34.76% |
| Adobe | ADBE | Piper Sandler | Overweight | $700~$635 | $553.58 | 14.71% |
| Wingstop | WING | Stephens | Overweight | $456 | $388.12 | 17.49% |
| HF Sinclair | DINO | Wells Fargo | Overweight | $75~$61 | $47.97 | 27.16% |
| Marathon Petroleum | MPC | Wells Fargo | Overweight | $223~$196 | $163.26 | 20.05% |
| Marathon Oil | MRO | Scotiabank | Sector Perform | $45~$29 | $28.39 | 2.15% |
| Fluence Energy | FLNC | Scotiabank | Sector Perform | $21 | $18.45 | 13.82% |
| Tesla | TSLA | UBS | Sell | $147~$197 | $243.96 | -19.25% |
Contact [email protected] for any questions or corrections.
Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.
He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.
