Adobe downgraded, Nio upgraded: Wall Street’s top analyst calls

Top 5 Upgrades:

• HSBC upgraded Nio (NIO) to Buy from Hold with a terms people of $6.80, up from $4.80. The steadfast sees amended visibility and has “stronger conviction” connected Nio’s 2026 measurement maturation and net betterment trajectory pursuing the Q4 report.

• Wells Fargo upgraded Ollie’s Bargain Outlet (OLLI) to Overweight from Equal Weight with a terms people of $130, up from $120. The steadfast is encouraged by the Q4 update and believes Ollie’s “story continues to physique momentum.”

• Wells Fargo upgraded Nutrien (NTR) to Overweight from Equal Weight with a terms people of $100, up from $77. The steadfast sees pricing upside crossed “several chemic chains” owed to the struggle successful Iran. Wells besides upgraded Air Products (APD) and Celanese to Overweight.

• JPMorgan upgraded Alcoa (AA) to Neutral from Underweight with a terms people of $68, up from $50. Since the struggle successful Iran began, aluminum prices person rallied 12% connected determination proviso risk, the steadfast tells investors successful a probe note.

• Barclays upgraded Murphy Oil (MUR) to Equal Weight from Underweight with a terms people of $33, up from $29. The steadfast accrued 2026 lipid terms estimates connected the Iran warfare and believes currency travel tailwinds for the exploration and accumulation radical stay underappreciated.

Top 5 Downgrades:

• Barclays downgraded Adobe (ADBE) to Equal Weight from Overweight with a terms people of $275, down from $335. The steadfast says the biggest quality of the 4th is that Adobe’s long-time CEO Shantanu Narayen is transitioning out.

• Citizens downgraded EverCommerce (EVCM) to Market Perform from Outperform without a terms target. The steadfast views the company’s Q4 study arsenic mixed with the archetypal year-over-year payments gross diminution since EverCommerce went nationalist successful July 2021.

• Morgan Stanley downgraded NerdWallet (NRDS) to Underweight from Equal Weight with a terms people of $9, down from $14. The steadfast views statement net estimates for the institution arsenic excessively high.

• William Blair downgraded PagerDuty (PD) to Market Perform from Outperform without a terms target. The institution reported “disappointing” Q4 results, with yearly recurring gross maturation of lone $2M sequentially and 1% year-over-year, the steadfast tells investors successful a probe note.

• Baird downgraded Immutep (IMMP) to Neutral from Outperform with a terms people of $1, down from $7. The Independent Data Monitoring Committee recommended the discontinuation of the company’s pivotal TACTI-004 survey successful non-small compartment lung crab pursuing the study’s planned futility analysis, the steadfast tells investors successful a probe note.