Roblox downgraded, Chipotle upgraded: Wall Street's top analyst calls

2 days ago 4

The Fly

Tue, May 5, 2026 astatine 8:46 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:

Argus upgraded Chipotle (CMG) to Buy from Hold with a $40 terms target. The steadfast believes that the company's cautious guidance volition apt beryllium surpassed arsenic comparable income accelerate passim the remainder of 2026.
BofA upgraded Ulta Beauty (ULTA) to Buy from Neutral with a $685 terms target. Guidance for lone humble leverage successful FY26 has sent the banal 26% disconnected its 52-week high, but the pullback has "brought elevated capitalist expectations down to earth" and creates an "opportunity to put successful a high-quality compounder astatine a discount to peers," the steadfast tells investors.
Stephens upgraded Cullen/Frost (CFR) to Overweight from Equal Weight with an unchanged terms people of $164. The firm, which believes benefits of its integrated enlargement strategy volition accelerate and volition incrementally lend to the company's profitability and growth, besides senses management's guidance "remains conservative," the steadfast tells investors.
JPMorgan upgraded Cogent (CCOI) to Overweight from Neutral with a terms people of $22, down from $23. The steadfast cites valuation for the upgrade pursuing the stock pullback connected Monday.
Raymond James upgraded Devon Energy (DVN) to Strong Buy from Outperform with a terms people of $72, up from $62. With the Coterra Energy merger closing, Devon has "multiple options" to adjacent its valuation spread to peers, the steadfast tells investors successful a probe note.

Top 5 Downgrades:

Piper Sandler downgraded Roblox (RBLX) to Neutral from Overweight with a terms people of $50, down from $100. The steadfast cites the company's "weak" Q2 outlook for the downgrade, and notes Roblox's age-verification headwinds make "too little" visibility successful the near-term.
Piper Sandler downgraded Tractor Supply (TSCO) to Neutral from Overweight with a terms people of $36, down from $51. Piper downgrades Tractor pursuing 8 years of recommending the shares, arsenic it believes companion carnal trends whitethorn beryllium successful structural diminution for Tractor Supply for respective years owed to rising favored ownership costs.
BofA reinstated Lowe's (LOW) astatine Neutral, down from the erstwhile Buy rating, with a $260 terms target. The steadfast thinks the risk/reward is balanced astatine existent levels fixed net maturation is constrained and lacks a catalyst arsenic lodging enactment stays subdued.
Northland downgraded Aviat Networks (AVNW) to Market Perform from Outperform with a terms people of $20, down from $30. The steadfast cites the company's little than expected fiscal Q3 results and lowered fiscal 2026 gross and EBITDA outlook for the downgrade.
BofA downgraded Inspire Medical (INSP) to Neutral from Buy with a terms people of $53, down from $120. While the steadfast inactive believes successful Inspire's product, acknowledges it has bully gross margins, and sees strategical value, BofA argues that the way backmost to maturation "just keeps getting tougher to underwrite each quarter."