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Here Are Tuesday’s Top Wall Street Analyst Research Calls: AT&T, Adobe, Albemarle, American Electric Power, Pershing Square, RTX, SoFi Technologies, Technip FMC, YETI Holdings, and More

Wall Street is reshuffling its bets ahead of earnings season, with major analysts cutting targets on AT&T, Adobe, RTX, and Pershing Square while loading up on names you might not expect. Here is what the smart money is watching on…

By Lee Jackson
Published October 13, 2026, 7:53am ET · 4 min read

A low-angle view showing the brown 'WALL ST' and black 'BROAD ST' street signs against a backdrop of several tall, imposing skyscrapers under a bright, clear blue sky. The 'WALL ST' sign includes '11-21' with an arrow, and the 'BROAD ST' sign includes '1-26' with an arrow. The buildings feature a mix of classic architectural styles with many windows and some modern glass facades.
The iconic street signs of Wall Street and Broad Street frame the towering skyscrapers of New York's financial district, symbolizing the bustling world of banking. This intersection represents the core of financial activity where major institutions like BNY Mellon, Bank of America, and Wells Fargo operate. © mezzotint / Shutterstock.com

Pre-Market Stock Futures:

Futures are trading mixed after a slow start to the week, ahead of the 3rd-quarter earnings season, which kicks off today with four large-cap financial stocks reporting, and for the first time in a long time, JPMorgan Chase & Company (NYSE: JPM | JPM Price Prediction) missed earnings expectations. The major indices closed mixed on Monday, as the bond market and banks were closed for the Columbus Day holiday. The Dow Jones Industrial was the only major index to close higher on Monday, finishing the day at 51,850, up 0.38%. The Nasdaq closed Monday at 27,245, down 0.44%, while the small-cap Russell 2000 ended the session at 2,796, down 0.37%. The S&P 500 closed just lower at 7,807, down just 0.06%. This followed the venerable index’s first close above the 7,800 level last Friday.

Treasury Bonds:

Again, the market was closed on Monday for the holiday. The 30-year Treasury closed last Friday at 5.60%, while the 10-year note ended last week at 5.24%.

Oil and Gas:

Oil prices were higher on Monday following the Houthi attack on the Riyadh Airport on Saturday, which killed 13 and wounded over 300 when missiles struck a departure terminal. This comes as OPEC+ sees demand rebounding. Brent Crude finished Monday’s session at $106, up 1.30%, while West Texas Intermediate was last seen at $93.21, up 1.48%. Natural gas closed the session at $3.16, down 1.65%. 

Gold:

Gold started the week lower as a stronger dollar, rising energy prices, and traders’ anxiety over upcoming inflation brought out the sellers. At the final bell, bullion was priced at $4,169, down 0.59%, while Silver closed at $60.12, down 0.59%. One thing we did learn on Monday is that China continues to buy the precious metal at a furious pace, and many think that trend will continue.

Crypto:

The cryptocurrency market modestly recovered Monday, steadying after severe mid-week macro pressures and massive derivative liquidations. Early Friday trading was heavily impacted by the aftermath of nearly $1 billion in market-wide liquidations triggered on Thursday. Over-leveraged long positions were wiped out as Bitcoin hit an intraday low of $80,400. However, strong physical buying interest returned on Friday and again yesterday, pushing prices back up. At 8 AM, Bitcoin was trading at $83,360, while Ethereum was quoted at $2,503.


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 13, 2026. 

 

Upgrades:

  • American Electric Power (NYSE: AEP) was upgraded to Overweight from Equal Weight at KeyBanc, which has a $133 target price.
  • Exelon (NYSE: EXC) was upgraded to Sector Weight from Underweight at KeyBanc, with a $41 target price.
  • Galaxy Digital Holdings (NASDAQ: GLXY) was upgraded to Buy from Neutral at Citigroup, which nudged the target price for the shares to $28 from $26.
  • VF Corporation (NYSE: VFC) was raised to Overweight from Neutral at Piper Sandler, which bumped the target price for the clothing company to $20 from $14.
  • Viking Holdings (NYSE: VIK) was upgraded to Overweight from Equal Weight at Barclays, which raised the target price for the stock to $102 from $90.

Downgrades:

  • AT&T (NYSE: T) was downgraded to Market Perform from Outperform at Bernstein, which trimmed the target price for the telecommunications giant to $24 from $25.
  • Adobe (NASDAQ: ADBE) was downgraded to Hold from Buy at HSBC, which slashed the target price for the shares to $267 from $310.
  • Arch Capital (NASDAQ: ACGL) was cut to Equal Weight from Overweight at Morgan Stanley, which trimmed the target price to $100 from $105.
  • Pershing Square (NYSE: PS) was downgraded to Underperform from Neutral at Bank of AMERICA, and the target price was dropped to $38 from $54.
  • RTX (NYSE: RTX) was downgraded to Hold from Buy at Deutsche Bank, which dropped the target price for the stock to $208 from $238.

Initiations:

  • Air Products & Chemicals (NYSE: APD) was initiated with an Overweight rating at Barclays, with a $353 target price.
  • Albemarle (NYSE: ALB) was started with an Equal Weight rating at Barclays, with a $109 target price.
  • SoFi Technologies (NASDAQ: SOFI) was initiated with a Buy rating at StoneX, with a $25 target price.
  • Technip FMC (NYSE: FTI) was initiated with a Buy rating at UBS, with an $89 target price.
  • YETI Holdings (NASDAQ: YETI) was initiated with a Buy rating at Ladenburg, which has a $52 target price for the stock.

 

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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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