Wall Street analysts reset ratings and price targets across tech, banks and insurers

Traders Union
All News
Financial News
Wall Street analysts reset ratings

Highlights

Goldman Sachs raises Advanced Micro Devices target to $640 from $450 and Sandisk to $2,200 from $1,200, citing upside in server CPUs and strong positioning.
HSBC downgrades Allstate to hold from buy while Barclays upgrades Lincoln National to overweight, reflecting shifting outlooks on insurers’ upside and capital-building progress.
Wells Fargo lifts First Solar target to $320 from $255 due to potential Section 232 polysilicon tariff upside expected by early August.

Brokerage calls reshape sector positioning

As reported by CNBC, analysts on Monday are highlighting a wide range of stock calls, with JPMorgan initiating Wise at overweight and saying the money transfer company has room for further upside as revenue growth, volumes, user activity and balances improve.

Goldman Sachs reiterates Advanced Micro Devices as buy and raises its price target to $640 from $450, citing expected upside in the quarter from server CPUs. The bank also reiterates Sandisk as buy with a higher target of $2,200 from $1,200, while initiating Forbright as buy with a $23.50 target and describing the middle-market bank as well positioned.

Bank of America reiterates IBM as buy and lifts its target to $330 from $315, pointing to a mix shift toward higher-margin software, strong free cash flow and optionality from quantum. The firm also initiates Parabilis Medicines as buy with a $45 price objective and upgrades T-Mobile to buy from neutral, saying the shares are undervalued.

Elsewhere, Wolfe reiterates Microsoft as outperform while lowering its target and increasing its FY27 capital expenditure estimate, and Bernstein reiterates Nvidia as outperform, saying the datacenter opportunity remains large and still early. Citi adds a positive catalyst watch on Micron tied to stronger second-half 2026 DRAM pricing, while Morgan Stanley initiates ERock as overweight, citing a differentiated power platform offering and a sizable backlog.

Banks, insurers and travel stocks face mixed outlook

Several firms are also turning more selective on financials and other cyclical sectors. HSBC downgrades Allstate to hold from buy, saying sector rotation has already benefited property and casualty insurers and that current industry dynamics leave limited upside for the shares.

TD Cowen upgrades Flagstar to buy from hold on expectations for earnings acceleration and sustained profitability gains, while Jefferies upgrades U.S. Bancorp to buy from hold after conference updates pointed to net interest income and fee income tracking toward the high end of guidance. Barclays upgrades Lincoln National to overweight from equal weight, citing catalysts including progress in capital building and the prospect of future share repurchases.

Morgan Stanley downgrades Truist and Prosperity Bancshares to equal weight from overweight, citing likely acceleration in deposit competition in the second half. Baird also cuts Citizens and M & T Bank to neutral and Regions to underperform, arguing that bank valuations are nearing a cyclical peak in return on equity and offer an unfavorable risk-reward balance at current prices.

Outside financials, Raymond James downgrades Delta to outperform from strong buy after a recent run-up in the shares reduced near-term upside, and cuts JetBlue to underperform from market perform while saying Chapter 11 appears to be the best course of action. Bernstein downgrades Datadog to market perform from outperform on signs of slowing demand, while Wells Fargo reiterates First Solar as overweight and raises its target to $320 from $255 on potential upside from a Section 232 polysilicon tariff decision that could be announced by early August.

Our earlier coverage of the FTSE 100’s weekly gain detailed how banking shares and precious-metals miners helped lift UK equities as softer U.S. jobs data supported gold prices. We also noted that investors were weighing Bank of England rate expectations and signs of renewed weakness in the UK services sector, both of which can influence sentiment toward financials and other cyclical stocks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.