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Here Are Wednesday’s Top Wall Street Analyst Research Calls: Abbott Laboratories, AppFolio, Delek US Holdings, Flutter Entertainment, Honeywell Aerospace, Intuitive Surgical, Marvell, NetApp, and More

Stocks shattered records again Tuesday while oil surged, gold hit new highs, and crypto swung wildly, setting the stage for a fresh wave of analyst moves on names like Marvell, Intuitive Surgical, and NetApp that could reshape portfolios heading into…

By Lee Jackson
Published October 7, 2026, 7:59am ET · 4 min read

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The iconic intersection of Wall Street and Broad Street in New York City, a global center for finance, reflects the ongoing market's assessment of major institutions like Wells Fargo. © robertcicchetti / Getty Images

Pre-Market Stock Futures:

Futures are trading lower as today’s oil and interest rates are higher. Baseball legend Babe Ruth was often credited with the saying, “Records are made to be broken,” and Tuesday was one of those days for the stock market. For the second straight day, all major indices ended higher, with only the Russell 2000 trading lower, closing at 2,830, down 0.59%.

The big news was the S&P 500 and the tech-heavy Nasdaq doing the heavy lifting, as both indices closed or printed intraday record highs. The S&P 500 finished the session at 7,818, up 0.58% and an all-time close, while the Nasdaq hit an intraday all-time high of 27,639 and ultimately closed at 27,599, up 0.45%. Falling interest rates and stabilizing oil prices did the trick once again. A major power infrastructure deal between Alphabet (NASDAQ: GOOGL | GOOGL Price Prediction) and Constellation Energy Corporation (NASDAQ: CEG) to power data centers with nuclear energy was also a huge positive for stocks on Tuesday.

Treasury Bonds:

Lower yields across the Treasury yield curve fueled continued stock market strength, except for the one-month T-bill, which rose only slightly. The biggest buying was in the belly of the curve, from the 2-year to the 10-year note, which finished the session at 5.28%. With the Bond vigilantes pushing rates higher, much of the Fed’s work has been done, and there is a good chance of no hike this month, and perhaps not another until the end of the year or early 2027.

Oil and Gas:

While oil prices moved modestly higher Tuesday, gains were light, as was trading volume, as Strait of Hormuz traffic continues to grow. Price plunged early as rising supplies and inventories, plus the G7 release of 100 million barrels, spurred selling, but buyers returned late in the session to produce small gains. When the dust settled, Brent Crude closed at $101, while West Texas Intermediate was last seen at $ 89.91, up 0.54%. Natural gas closed the day at $ 3.12, up 1.57%.

Gold:

The precious metals complex had a solid day Tuesday as more investors are sensing the possibility of no rate cuts until the end of the year, and continued central bank buying provided a solid tailwind for the sector. By the close, Gold was last seen at $4,163, up 0.57%, while Silver ended the trading day at $61.23, up 0.50%. 

Crypto:

Cryptocurrency prices traded higher overall on Tuesday, recovering from early losses as optimism from a record-breaking stock market spilled over into digital assets. Bitcoin repeatedly traded above the $86,000 mark throughout the day. Positive momentum was heavily driven by a new U.S. Commodity Futures Trading Commission (CFTC) regulatory proposal that seeks to create a unified federal framework for crypto leverage trading, offering an alternative to state-by-state licensing. Bitcoin repeatedly traded above the $86,000 threshold throughout the session.

Bullish momentum was heavily supported by a new U.S. Commodity Futures Trading Commission (CFTC) regulatory proposal. According to Reuters, the plan aims to establish a unified federal framework for crypto leverage trading, providing market participants with an alternative to navigating fragmented state-by-state licensing. At 8 AM EDT, Bitcoin was trading at $83,600, while Ethereum was quoted at $2,572, both down sharply over the last 24 hours.


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 Wednesday, October 7, 2026.  

Upgrades:

  • Allstate (NYSE: ALL) was upgraded to Buy from Hold at HSBC, which lowered the target price for the insurance company to $266 from $282.
  • Flutter Entertainment (NYSE: FLUT) was upgraded to Buy from Neutral at Citigroup, which trimmed the target price for the shares to $91 from $93.
  • Invesco (NYSE: IVZ) was upgraded to Buy from Neutral at UBS, which doubled the target price for the financial giant to $42 from $ 21
  • Marvell (NASDAQ: MRVL) was raised to Buy from Hold at TD Cowen, which lifted the target price for the shares to $350 from $245.
  • NetApp (NASDAQ: NTAP) was upgraded to Outperform from In Line at Evercore ISI, which boosted the target price to $300 from $210.

Downgrades:

  • AppFolio (NASDAQ: APPF) was downgraded to Neutral from Buy at UBS, which moved the target price to $220 from $200.
  • Builders FirstSource (NASDAQ: BLDR) was downgraded to Neutral from Buy at UBS, which cut the target price for the stock to $62 from $88.
  • Eni SpA (NYSE: E) was cut to Neutral from Outperform at BNP Paribas, with a $56.30 target price.
  • Mohawk Industries (NYSE: MHK) was cut to Underperform from Sector Perform at RBC Capital, which dropped the target price to $112 from $130.
  • Owens Corning (NYSE: OC) was downgraded to Sector Perform from Outperform at RBC Capital, which slashed the price target for the stock to $127 from $172.

Initiations:

  • Abbott Laboratories (NYSE: ABT) was initiated with an Overweight rating at Barclays, with a $120 target price.
  • Delek US Holdings (NYSE: DK) was initiated with a Hold rating at Freedom Broker, with an $86 price target.
  • GE Healthcare Technologies (NASDAQ: GEHC) was started with an Overweight rating at Barclays, which has an $85 target price for the stock.
  • Honeywell Aerospace (NASDAQ: HONA) was initiated with a Neutral rating at Goldman Sachs, with a $190 target price.
  • Intuitive Surgical (NASDAQ: ISRG) was started with an Overweight rating at Barclays, which has a $85 target price.

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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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