Buy, Sell, or Hold? Wednesday’s Top Upgrades and Downgrades: Adobe, Apple, Duolingo, Exxon Mobil, Fiserv, Fortinet, Gartner, Lockheed Martin, Skyworks Solutions, Visa and More
Wall Street analysts shifted their stances on some of the market's most closely watched names Wednesday, with surprising cuts hitting stocks many investors still consider safe bets and fresh upgrades landing on names that have struggled all year.
Pre-Market Stock Futures:
Futures are trading higher as we reach the midpoint of the trading week, after the Democrats won a stunning midterm victory, capturing both the House and the Senate. After slipping into correction territory (A stock market correction is trading down 10% or more from a recent peak) for the third time in 2026 on Monday, the Nasdaq made a big move Tuesday, closing up 0.83% at 25,372, while the S&P 500 broke a three-day losing streak, finishing the session at 7,568, up 0.36%. The small-cap Russell 2000 posted a gain for Tuesday, closing at 2,812, up 0.23%, leaving only the legacy Dow Jones Industrials to complete the sweep, which did not occur as the index closed down 0.38% at 51,786, weighed down by Apple (NASDAQ: AAPL | AAPL Price Prediction). Solid gains in chip stocks and AI-heavy technology were difference makers Tuesday. As third-quarter earnings wind down, investors will be laser-focused on Friday’s non-farm payroll numbers and next week’s consumer and producer price index results.
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, November 4, 2026.
Upgrades:
- Constellation Brands (NYSE: STZ) was raised to Neutral from Underperform at Bank of America, and the target price was raised to $160 from $120.
- Duolingo (NASDAQ: DUOL) was upgraded to Equal Weight from Underweight at Wells Fargo, which raised the price target for the shares to $120 from $80.
- Edwards Lifesciences (NYSE: EW) was upgraded to Buy from Hold at Truist Financial, which raised the target price to $113 from $95.
- Fiserv (NASDAQ: FISV) was upgraded to Buy from Hold at Argus, without a target price.
- Fortinet (NASDAQ: FTNT) was upgraded to Outperform from Neutral at Daiwa, with a $150 target price.
Downgrades:
- Adobe (NASDAQ: ADBE) was downgraded to Sell from Neutral at Citigroup, which slashed the target price to $207 from $250.
- Apple (NASDAQ: AAPL) was downgraded to Hold from Buy at DZ Bank, with a $300 target price.
- Exxon Mobil (NYSE: XOM) was cut to Sell from Hold at DZ Bank with a $170 target price.
- Gartner (NYSE: IT) was downgraded to Hold from Buy at Truist Financial, which dropped the target price for the shares to $210 from $235.
- Visa (NYSE: V) was cut to Hold from Buy at Freedom Broker, which bumped the price target for the credit card giant to $427 from $410.
Initiations:
- Del Monte Corporation (NYSE: DMC) was initiated with a Hold rating at Freedom Broker, with a $29 target.
- Insmed (NASDAQ: INSM) was assumed with a Buy rating at H.C. Wainwright, with a $220 target price.
- Lockheed Martin (NYSE: LMT) was started with a Buy rating at Guggenheim, which has a $735 target price for the defense and aerospace giant.
- Skyworks Solutions (NASDAQ: SWKS) was reinstated with a Sell rating at Goldman Sachs, with a $78 target price.
- Supernus Pharmaceuticals (NASDAQ: SUPN) was resumed with an Overweight rating at Piper Sandler, with a $47 target price.
Contact [email protected] for any questions or corrections.
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.
