Micron downgraded, Five Below upgraded: Wall Street's top analyst calls

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The Fly

Thu, March 19, 2026 astatine 8:39 AM CDT 4 min read

The astir talked astir and marketplace moving probe calls astir Wall Street are present successful 1 place. Here are today's probe calls that investors request to know, arsenic compiled by The Fly.

Top 5 Upgrades:

William Blair upgraded Five Below (FIVE) to Outperform from Market Perform without a terms target. The steadfast is "increasingly confident" that Five Below has "plenty of levers to comp the comp" and is good positioned for a bid of beat-and-raise quarters passim the year.
Morgan Stanley upgraded Carnival (CCL) to Overweight from Equal Weight with a terms people of $31, down from $33. The steadfast sees an charismatic risk/reward astatine existent stock levels.
Truist upgraded Tandem Diabetes (TNDM) to Buy from Hold with a terms people of $35, up from $27. The steadfast cites its increasing condemnation successful estimation upside imaginable and accelerating gross and nett maturation arsenic it sees the Street "significantly under-modeling" maturation successful higher borderline recurring revenues into the out-years portion Tandem Diabetes transitions to a Pay/Go exemplary successful the pharmacy channel.
Rothschild & Co Redburn upgraded MoonLake Immunotherapeutics (MLTX) to Buy from Neutral with a terms people of $40, up from $12. The regulatory filing way for sonelokimab successful hidradenitis suppurativa is not implicit yet, but is becoming clearer "now that the biggest regulatory hurdle is retired of the way," the steadfast tells investors successful a probe note.
Evercore ISI upgraded Union Pacific (UNP) to Outperform from In Line with a terms people of $262, up from $260. Although the merger-related "trading purgatory" apt inactive exists, Union Pacific is operating "at an elite level," which is translating into beardown measurement maturation and robust margins for a banal trading astatine a discount to each but 1 peer, the steadfast tells investors.

Top 5 Downgrades:

Summit Insights downgraded Micron (MU) to Hold from Buy. The steadfast expects the banal outperformance successful the 2nd fractional of FY26 to moderate, the steadfast tells investors successful a probe note.
Raymond James treble downgraded Xponential Fitness (XPOF) to Market Perform from Strong Buy without a terms target. The steadfast cites the caller deterioration successful trends for the company's "all-important" Club Pilates marque and deficiency of visibility into immoderate near-term inflection successful 2026 for the downgrade.
Jefferies downgraded Kinsale Capital (KNSL) to Underperform from Hold with a terms people of $312, down from $392. The steadfast believes the stock's valuation is "too high."
DA Davidson downgraded Life360 (LIF) to Neutral from Buy with a terms people of $40, down from $70. The steadfast sees elevated execution hazard for the institution successful 2026.
Oppenheimer downgraded Freshworks (FRSH) to Perform from Outperform and removed the firm's $15 terms people connected the shares. The steadfast cites a challenging operating situation during the AI exertion transition.