Here Are Thursday’s Best Wall Street Analyst Research Calls: Adobe, Chevron, Dana, Honeywell Aerospace, Mobility Global, Ni Source, Palantir, SpaceX, and More

Pre-Market Stock Futures:

Futures are trading higher as we get ready to end the holiday-shortened trading week, with the country preparing to celebrate the 250th birthday of our democratic republic. The stock market will be closed on Friday for the federal holiday, kicking off a long weekend to jump-start the holiday fun. All of the major indices closed lower on Wednesday, with the Nasdaq leading the way, trading down 0.66% at 26,040, while the S&P 500 was last seen at 7,483, down 0.22%. The Dow Jones Industrials also closed lower at 52,305, down a tiny 0.03%, while printing a new all-time high earlier in the day. The small-cap-laden Russell 2000 finished the session down 0.39% at 3,012. The small-cap index leads all the major indices as we start the second half of the trading year, up over 20%.

Treasury Bonds:

Yields were mixed across the Treasury curve to start July, with the belly and the long end selling off while buyers focused on the shorter T-bill maturities. When trading ended on Wednesday, the 30-year-long bond was last seen at 4.97%, while the benchmark 10-year note closed at 4.48%. Traders were focused on the commentary from the new Federal Reserve Chairman, Kevin Warsh, who noted that while economic conditions are good and improving as energy prices fall, inflation remains well above the 2% target. 

Oil and Gas:

In a bright note for consumers, as we start the third quarter, energy prices fell on Wednesday, with both of the major benchmarks finishing the session lower. Improving traffic in the Strait of Hormuz and the absence of new incidents between the U.S. and Iran remain positives for the energy complex. Brent Crude ended the day at $71.18, down 2.43%, while West Texas Intermediate closed trading at $68.10, down 2.03%. Natural gas also closed lower, finishing the day at $3.21, down 2.14%.

Gold:

After a brutal second quarter, Gold started July off the right way, finishing the day up 0.59% at $4.030. Silver also had a winning day to start July, closing at $59.22, up 0.87%. Central banks, which were recently surveyed, expect gold to trade between $5,000 and $6,000 over the next year as they continue to purchase massive amounts to counter currency and other risk factors.  

Crypto:

24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.

Here are some of the best Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, July 2, 2026.  

Upgrades:

• Adobe (NASDAQ: ADBE | ADBE Price Prediction) was upgraded to Buy from Hold at HSBC, which raised the target price for the shares to $308 from $282.
• Chevron (NYSE: CVX) was upgraded to Outperform from Peer Perform at Wolfe Research, with a $210 target price.
• Palantir Technologies (NASDAQ: PLTR) was raised to Buy from Neutral at DA Davidson, with a $175 target price.
• Silicom (NASDAQ: SILC) was upgraded to Buy from Hold at Needham, which has a $60 target price.

Downgrades:

• Agnt (NASDAQ: AGNT) was downgraded to Neutral from Buy at DA Davidson, which cut the target price to $6.50 from $10.25.
• Dana (NYSE: DAN) was downgraded to Equal Weight from Overweight at Barclays, with a $32 target price.
• Greenbrier Companies (NYSE: GBX) was cut to Neutral from Positive at Susquehanna, with a $52 target price.
• SkyWest (NASDAQ: SKYW) was downgraded to Neutral from Buy at Goldman Sachs, which trimmed the target price for the shares to $108 from $126.
• Trip.com Group (NASDAQ: TCOM) was cut to Hold from Buy at China Renaissance, with a $42 target price.

Initiations:

• Honeywell Aerospace (NASDAQ: HONA) was initiated with an Outperform rating at BMO Capital, which has a $276 target price.
• Mobility Global (NASDAQ: MBGL) was started with a Sector Perform rating at RBC Capital, with a $23 target.
• Ni Source (NYSE: NI) was initiated with an Outperform rating at RBC Capital, which has a $52 target price. 
  
• OnHolding (NASDAQ: ONON) was resumed with an Overweight rating at JPMorgan, which has a $51 target price for the shares.
• Space Exploration Technologies (NASDAQ: SPCX) was started with a Neutral rating at Daiwa, with a $175 target price.

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