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Here Are Tuesday’s Top Wall Street Analyst Research Calls: Borg Warner, Boyd Gaming, JetBlue, Lattice Semiconductor, Lockheed Martin, Nike, Northrop Grumman, Procter & Gamble, SPX Technologies, and More

Pre-Market Stock Futures:Futures are trading higher after we started off the first full trading week of the 4th quarter in solid style, as all major indices finished the day higher despite interest rates continuing to tick higher. Technology led the…

By Lee Jackson
Published October 6, 2026, 7:54am ET · 4 min read

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Pre-Market Stock Futures:

Futures are trading higher after we started off the first full trading week of the 4th quarter in solid style, as all major indices finished the day higher despite interest rates continuing to tick higher. Technology led the way, and the tech-heavy Nasdaq responded, closing at 27,477, up 1.05% to a new record high, while the small-cap Russell 2000 also had a strong Monday, closing up 0.70% at 2,852. The S&P 500 ended the session at 7,774, up 0.66%, and the legacy Dow Jones Industrial closed at 51,268, up 0.18%.

Third-quarter earnings will start to explode next week, and as in every quarter, the major money center banks will kick things off next Tuesday. Traders and investors will watch initial and continuing jobless claims on Thursday after last Friday’s September non-farm payrolls report.

Treasury Bonds:

For the second trading session in a row, yields were mixed across the Treasury curve, with rates higher on the short end and the long end and buyers across the belly of the curve, and again jobless claims and Friday’s consumer sentiment reading will play a hand in how sovereign U.S. debt trades this week. The 30-year bond closed the day at 5.67% while the 10-year benchmark note was last seen at 5.31%. 

Oil and Gas:

One big positive for stocks Monday was oil prices dropping again, with both major benchmarks ending the session lower. Oil prices fell on Monday on a sharp increase in global supply, driven by recovering Middle Eastern exports and the emergency stock release by the Group of Seven (G7) nations announced late last week. Brent Crude closed the day at $99.94, down 2.26%, while West Texas Intermediate was last seen at $88.96, down2.36%. Natural gas posted a solid day, closing up 0.96% at $3.06. 

Gold:

After gaining momentum last week, the precious metals complex was mixed on Monday as traders and analysts revisited expectations for the Federal Reserve’s interest rate policy after Friday’s shocking non-farm payroll report. Most now feel that another hike this month is off the table. Gold finished the session at $4,139, down 0.02 %, while Silver finished higher by 1.09% at $61.17.

Crypto:

The cryptocurrency market experienced highly volatile, two-sided trading on Monday, with major assets staging an aggressive rally before pulling back sharply later in the session. Traders cited short-covering as a major driver of the early move higher, and afternoon selling began as Bitcoin ran into serious resistance around $87,000. At 8 AM EDT, Bitcoin was trading at $86,200, while Ethereum was quoted at $2,714.

 

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 top Wall Street analyst upgrades, downgrades, and initiations from Tuesday, October 6, 2026. 

 

Upgrades:

  • BorgWarner (NYSE: BWA) | BWA Price Prediction was raised to Overweight from Equal Weight at Morgan Stanley, which bumped the target price for the shares to $95 from $91.
  • Boyd Gaming (NYSE: BYD) was upgraded to Buy from Hold at Deutsche Bank, which nudged the target price to $99 from $98.
  • JetBlue Airways (NASDAQ: JBLU) was upgraded to Neutral from Sell at Citigroup, with a $4.50 target price.
  • Procter & Gamble Company (NYSE: PG) was upgraded to Outperform from In Line at Evercore ISI, which raised the target price to $166 from $161.
  • XP (NYSE: XP) was upgraded to Outperform from Market Perform at Itaú BBA, with a $27 target price.

Downgrades:

  • Gentex (NASDAQ: GNTX) was downgraded to Sell from Neutral at Goldman Sachs, which trimmed the target price for the stock to $23 from $20.
  • Goosehead Insurance (NASDAQ: GSHD) was downgraded to Neutral from Overweight at Piper Sandler, which cut the target price to $27.50 from $49.
  • Nike (NYSE: NKE) was cut to Sell from Hold at Berenberg, which slashed the target price for the sports apparel and shoe giant to $27.50 from $49.
  • PTC (NYSE: PTC) was downgraded to Market Perform from Outperform at BMO Capital, which raised the target price to $206 from $164. That is the price Schneider Electric is paying to acquire the company.
  • RXO (NYSE: RXO) was downgraded to Hold from Buy at Jefferies, with an unchanged $30 target price.

Initiations:

  • Lattice Semiconductor (NASDAQ: LSCC) was started with an Outperform rating at William Blair, without a target price.
  • Lockheed Martin (NYSE: LMT) was initiated with a Buy rating at Rothschild & Co Redburn, which has a $650 target price for the defense giant.
  • Northrop Grumman (NYSE: NOC) was started with a Buy rating at Rothschild & Co Redburn, which has a $680 target price
  • Neurocrine Biosciences (NASDAQ: NBIX) was assumed with a Buy rating at Guggenheim, with a $207 target price objective.
  • SPX Technologies (NASDAQ: SPXC) was initiated with an Outperform rating at Baird, with a $220 target price. 

Contact [email protected] for any questions or corrections.

Lee Jackson

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad, diverse career, including a stint as creative services director at an NBC affiliate in Austin, Texas, gives him unique insight into the financial industry.

Lee Jackson's journey in the financial industry spans more than 30 years, including nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career spanned pivotal sell-side Wall Street events, from the dot-com rise and bubble to the Long-Term Capital Management debacle, 9/11, and the Great Recession of 2008. This reflects his resilience and adaptability amid market volatility.

Lee Jackson’s practical financial industry experience, gained through a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing across various platforms. This unique combination allows him to shed light on the intricacies of Wall Street in a way only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

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