Here Are Friday’s Top Wall Street Analyst Research Calls: Best Buy, Cogent Communications, Dell Technologies, EPAM Systems, Federal Realty, Gap, Snowflake, Viper Energy, and More

Pre-Market Stock Futures:

Futures are trading higher after yet another winning day for Wall Street, as all major indices finished the day higher after starting the session lower. Once again, all four indices we track for readers posted all-time highs as the AI/Data Center, Memory Chip rally continues to roll on. Healthcare and consumer stocks in the Dow Jones Industrials helped the venerable index close at 50,668, up 0.05%, while the S&P 500 ended the session at 7,563, up 0.58%, and is headed for its ninth straight week of gains. The tech-heavy Nasdaq closed at 26,917, up 0.91% on the strength of enterprise software and AI stocks, and the small-cap Russell 2000 finished the day at 2,936, up 0.57%. The song remains the same as stocks surged to record highs, driven by a massive rally in technology and software shares, solid corporate earnings, and easing oil prices.

Treasury Bonds:

Buyers returned to the Treasury market as yields fell again across the entire curve, except for the short-term T-bill maturities. Investors and traders continue to seek safe-haven assets amid rising geopolitical caution. At the same time, oil prices eased after reports that U.S. and Iranian negotiators had agreed to extend the ceasefire, easing fears of a prolonged supply disruption in the Middle East. The 30-year long bond finished the day at 4.98%, while the benchmark 10-year note was last seen at 4.45%.  

Oil and Gas:

Oil prices closed flat on Thursday after an up-and-down day, as Bernstein predicted that long-term oil prices will remain in the $75 range. This comes as no surprise, as we have written that while the war premium will go away when the fighting stops, the reality is that the upheaval in the energy complex caused by the war has reshaped pricing and will likely do so for some time. Brent Crude finished the day at $93.79, down 0.53%, while West Texas Intermediate was last seen at $88.81, up 0.15%. Strong natural gas closed up 6.72% at $3.30. 

Gold:

Gold continued its move higher, as the precious metal remained in lockstep with the equity markets. The final print for Gold was recorded at $4,495, up 0.89%, while Silver finished the session at $75.78, up 1.35%. 

Crypto:

24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. 

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Friday, May 29, 2026.  

Upgrades:

• American Water Works (NYSE: AWK | AWK Price Prediction) was upgraded to Buy from Neutral at UBS, which bumped the price target for the shares to $140 from $137.
• Charles River Laboratories International (NYSE: CRL) was upgraded to Outperform from Hold at CLSA, which lifted the price target for the stock to $219 from $167.
• Dell Technologies (NYSE: DELL) was upgraded to Positive from Neutral at Susquehanna, with a massive $700 target price.
• Federal Realty Investment Trust (NYSE: FRT) was raised to Buy from Hold at Deutsche Bank, with a $135 price target.
• Snowflake (NYSE: SNOW) was upgraded to Buy from Hold at HSBC, with a $289 target price.

Downgrades:

• Best Buy (NYSE: BBY) was downgraded to Neutral from Buy at UBS, which nudged the target price for the shares up to $86 from $85.
• Cogent Communications Holdings (NASDAQ: CCOI) was downgraded to Neutral from Overweight at JPMorgan, with a $22 target price.
• EPAM Systems (NYSE: EPAM) was downgraded to Hold from Buy at Jefferies, which lowered the target price for the stock to $110 from $130.
• Gap (NYSE: GAP) was cut to Neutral from Overweight at JPMorgan, which lowered the target price for the legacy retailer to $27 from $35.
• Regency Centers (NASDAQ: REG) was downgraded to Hold from Buy at Deutsche Bank, with an $85 target price.

Initiations:

• Clean Harbors (NYSE: CLH) was initiated with a Buy rating at Stifel, with a $337 target price.
• Kimbell Royalty Partners (NYSE: KRP) was initiated with an Outperform rating at RBC Capital, with a $20 target price.
• Ouster (NASDAQ: OUST) was initiated with a Buy rating at Roth Capital, with a $75 target price.
• Par Technology (NYSE: PAR) was started with an Underweight rating at JPMorgan, with a $12 target price.
• Viper Energy (NASDAQ: VNOM) was started with an Outperform rating at RBC Capital, with a $58 target price objective.