Apple upgraded, Brinker initiated: Wall Street's top analyst calls

• HSBC upgraded Apple (AAPL) to Buy from Hold with a terms people of $366, up from $260, arsenic it believes the institution is present astatine an "operational turning point." The "AI boost comes astatine the close moment, erstwhile we deliberation Apple has 1 of its astir innovative merchandise pipelines successful place," the steadfast tells investors.

• JPMorgan upgraded 3M (MMM) to Overweight from Neutral with a terms people of $180, up from $178, up of the Q2 report. The steadfast says maturation is "taking hold" astatine 3M.

• B. Riley upgraded AST SpaceMobile (ASTS) to Buy from Neutral with an unchanged terms people of $85. Shares person declined 44% successful the six months since the steadfast downgraded the stock, tilting "the risk/reward calculus favorably for the company."

• Oppenheimer upgraded Ecolab (ECL) to Outperform from Perform with a $320 terms target. The company's halfway concern is performing well, driving measurement and pricing maturation successful excess of expenses, the steadfast tells investors successful a probe note.

• Raymond James treble upgraded EchoStar (ECHO) to Strong Buy from Market Perform with a $115 terms target. The steadfast estimates the shares are trading astatine a 40% discount to its sum-of-the-parts valuation.

Top 5 Downgrades:

• Jefferies downgraded Oneok (OKE) to Hold from Buy with a terms people of $95, down from $100. The steadfast sees a little wide maturation way up of the company.

• Seaport Research downgraded Sonic Automotive (SAH) to Neutral from Buy without a terms target. The steadfast cites valuation for the downgrade with the shares up 67% year-to-date.

• Stephens downgraded Option Care Health (OPCH) to Equal Weight from Overweight with a terms people of $24, down from $30. While the steadfast inactive views Option Care arsenic "a high-quality business" with charismatic semipermanent manufacture exposure, it sees debased near-term visibility into sustained net and constricted catalysts to adjacent the existent valuation discount gap.

• JPMorgan downgraded KKR Real Estate Finance (KREF) to Underweight from Neutral with a $6 terms people up of quarterly results. The marketplace is pivoting from anticipating involvement complaint cuts to "bracing for higher-for-longer, and perchance higher-from here," the steadfast says. JPMorgan besides downgraded AGNC Investment (AGNC) to Neutral from Overweight with a terms people of $12, up from $11.

• Barrington downgraded Distribution Solutions (DSGR) to Market Perform from Outperform with a terms people of $35, up from $33, aft the institution announced an statement to beryllium taken backstage for $35 per stock successful currency by its controlling shareholder group, LKCM Headwater.