Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, CMS Energy, Commercial Metals, FedEx Freight, Medtronic, Murphy Oil, Sherwin-Williams, TeraWulf, and More

Pre-Market Stock Futures:

Futures are trading mixed after the AI/Datacenter/Storage/Technology rally took a day off on Wednesday. By the close, all of the major indices finished the day down in a big way. The same issues that have added pressure to stocks once again showed up at the party, as rising interest rates and oil prices were cited as the reasons for the big decline. Add in the fact that the market is extremely overbought, and you have all the ingredients for a risk-off session. The Russell 2000 was the biggest loser on the day, dropping 1.31% to $2,893, while the Dow Jones Industrial Average took a similar drubbing, closing 1.21% lower at 50,687. The S&P 500, looking to close higher for the 10th consecutive week, was last seen at 7,553, down 0.74%, while the tech-heavy Nasdaq closed at 26,853, down 0.89%.

Treasury Bonds:

As mentioned, yields closed higher across the entire curve, as stronger-than-expected economic data and escalating geopolitical tensions prompted investors to price in a more hawkish Federal Reserve. In fact, barring a catastrophe, many on Wall Street feel it could be a year or longer before rates are lowered, and if inflation and strong economic data continue to come in, we could see a rate hike. When the final bell rang, the 30-year-long bond closed at 4.99%, while the benchmark 10-year note ended the session at 4.49%.

Oil and Gas:

Analysts said the strength in the energy sector on Wednesday stemmed from fading hopes for a quick end to the Iran war. In addition, Kuwait announced on Wednesday that even when the Strait of Hormuz reopens, it could take 10 to 12 weeks to restore full oil production and 6 to 8 weeks to recover roughly 70% of normal production levels. Brent Crude closed at $97.75, up 1.82%, while West Texas Intermediate ended trading at $96.05, up 2.44%. Natural gas also had a solid day, closing up 2.15% at $3.24. 

Gold:

Despite published reports of massive Central Bank gold buying, the precious metal complex traded lower on Wednesday. When it was all said and done, Gold closed the day at $4,433, down 1.19%, while Silver was blasted and was last seen at $72.62, down 3.18%. 

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 Thursday, June 4, 2026.  

Upgrades:

• Medtronic (NYSE: MDT | MDT Price Prediction) was upgraded to Buy from Neutral at BTIG Research, with a $90 target price.
• Murphy Oil (NYSE: MUR) was raised to Overweight from Sector Weight at KeyBanc, with a $48 target price.
• Plains All-American Pipeline (NYSE: PAA) was upgraded to Neutral from Sell at Goldman Sachs, which raised the price target for the shares to $24 from $18.
• RTX (NYSE: RTX) was raised to Buy from Hold at Jefferies, which bumped the target price to $220 from $210.
• UnitedHealth Group (NYSE: UNH) was upgraded to Buy from Neutral at Bank of America, which raised the target price for the shares to $450 from $420.

Downgrades:

• Broadcom (NASDAQ: AVGO) was downgraded to Neutral from Overweight at Maqurie, with a $437 target price.
• CMS Energy (NYSE: CMS) was cut to Hold from Buy at Jefferies, which lowered the target price to $74 from $88.
• Commercial Metals (NYSE: CMC) was downgraded to Equal Weight from Overweight, with an unchanged target price of $77.
• Ecopetrol (NYSE: EC) was cut to Neutral from Buy at Citigroup, which nudged the target price up to $18 from $14.
• Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) was downgraded to Accumulate from Buy at Gordon Haskett, with a $90 target price.

Initiations:

• Axalta Coating Systems (NYSE: AXTA) was reinstated with a Buy rating at Citigroup, with a $44 target price.
• Costar Group (NASDAQ: CSGP) was initiated with a Buy at Benchmark, with a $45 target price.
• FedEx Freight Holding Company (NYSE: FDXF) was started with an Outperform rating at Evercore ISI, with a $168 target price.
• Sherwin-Williams (NYSE: SHW) was reinstated with a Buy rating at Citigroup, with a $355 target price objective.
• TeraWulf (NASDAQ: WULF) was initiated with an Outperform rating at Bernstein, with a $46 target price.