Pre-Market Stock Futures:
Futures are trading higher as excitement builds for the Elon Musk Space Exploration Technologies IPO (NASDAQ: SPCX), which is priced at $135 per share and set to begin trading later today. We saw a big risk-on Thursday, which produced a massive rally across the major indices, as once again, President Trump said we are close to a peace deal with Iran after some major airstrikes and a threat to take over Kharg Island. That sent stocks soaring and oil plummeting. When it was all said and done, the Russell 2000 was the big winner, closing up 3% at 2,920, while the Nasdaq was close behind, finishing the session up 2.54% at 25,809. The Dow Jones Industrial Average was last seen at 50,848, up 1.86%, and the S&P 500 closed the session at 7394, up 1.75%.
Treasury Bonds:
Yields were down across the entire Treasury curve following the President’s prediction of near-term peace. The President also canceled additional airstrikes that were scheduled for Thursday night. Despite some nasty inflation news and data this week, hopes that inflation will start to taper with lower oil prices also helped drive prices higher. The 30-year-long bond closed the day at 4.95%, while the 10-year note was last seen 4.46%.
Oil and Gas:
The potential for an end to the four-month war with Iran once again lit the fuse for the sellers to step up to the plate, and they did on Thursday. Brent Crude finished on Thursday at $88.71, down 4.82%, while West Texas Intermediate closed at $86.07, down 4.40%. Natural gas was also hit and closed Thursday’s session at $3.07, down 3.52%.
Gold:
Gold had a nice turnaround day, which many on Wall Street attributed to short-sellers closing positions and a weaker dollar, but the fact is, the precious metal has remained in a slump, and recently hit a six-month low. The path of least resistance is likely lower. The final trade for Gold was posted at $4,210, up 3.45%, while Silver ended the session at $67.24, up a whopping 6.23%.
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 best Wall Street analyst upgrades, downgrades, and initiations seen on Friday, June 12, 2026.
Upgrades:
- Advanced Micro Devices (NASDAQ: AMD | AMD Price Prediction) was upgraded to Buy from Neutral at Citigroup, which boosted the target price for the stock to $575 from $460.
- EPR Properties (NYSE: EPR) was raised to Outperform from Market Perform at Citizens, with a $70 target price objective.
- FormFactor (NASDAQ: FORM) was upgraded to Buy from Neutral by B. Riley, with an unchanged $165 target price.
- Kratos Defense and Security Solutions (NASDAQ: KTOS) was upgraded to Overweight from Neutral at JPMorgan, which dropped the target price for the stock to $82 from $99.
- New Oriental Education & Technology Group (NYSE: EDU) was upgraded to Buy from Neutral at Goldman Sachs, which trimmed the target price for the shares to $65 from $67.
Downgrades:
- Adobe (NASDAQ: ADBE) was downgraded to Hold from Buy at Stifel, which slashed the target price for the shares to $200 from $350.
- Ares Capital (NASDAQ: ARCC) was downgraded to Equal Weight from Overweight at Wells Fargo, which trimmed the target price to $19 from $20.
- Broadstone Net Lease (NYSE: BNL) was cut to Market Perform from Outperform at Citizens, without a target price.
- SailPoint (NASDAQ: SAIL) was downgraded to Neutral from Buy at Bank of America, with an unchanged $16 target price.
- Travelers Companies (NYSE: TRV) was cut to Underweight from Equal Weight at Barclays, which lowered the price target on the insurance giant to $295 from $331.
Initiations:
- Arrow Financial (NASDAQ: AROW) was started with an Overweight rating at Piper Sandler, with a $43 target price.
- Coca-Cola (NYSE: KO) was initiated with a Market Perform rating at Bernstein with an $84 target price.
- e.l.f. Beauty (NYSE: ELF) was initiated with a Market Perform rating at Bernstein, with a $60 target price.
- ONE Gas (NYSE: OGS) was started with a Buy rating at BTIG Research, which has set a $93 target price.
- Williams-Sonoma (NYSE: WSM) was reinstated with a Buy rating at Bank of America, with a $250 target price objective.
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