Spotify upgraded, Alibaba initiated: Wall Street's top analyst calls

1 week ago 8

The Fly

Wed, April 29, 2026 astatine 8:42 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:

Rosenblatt upgraded Spotify (SPOT) to Buy from Neutral with a terms people of $500, down from $670. The steadfast upgrades the shares pursuing the post-earnings selloff.
Oppenheimer upgraded T-Mobile (TMUS) to Outperform from Perform with a $260 terms target. The institution reported an in-line 4th and modestly raised guidance, the steadfast tells investors successful a probe note.
BofA upgraded Molina Healthcare (MOH) to Buy from Underperform with a terms people of $250, up from $152, owed to Medicaid margins apt bottoming successful 2026. The steadfast besides treble upgraded Centene (CNC) to Buy from Underperform and upgraded Elevance Health (ELV) to Buy from Neutral.
BofA upgraded Victoria's Secret (VSCO) to Buy from Neutral with a terms people of $68, up from $58. The firm, which thinks the caller absorption squad is taking the close steps to crook the marque and make sustainable income growth, is raising its FY26 and FY27 EPS estimates by 3% and 14%, respectively, to bespeak an improved income and borderline trajectory.
TD Securities upgraded Celestica (CLS) to Buy from Hold with a terms people of $430, up from $350. Yesterday's post-earnings selloff provides an "opportunistic introduction point," the steadfast tells investors successful a probe note.

Top 5 Downgrades:

UBS downgraded MercadoLibre (MELI) to Neutral from Buy with a terms people of $2,050, down from $2,700. UBS believes MercadoLibre's margins volition stay nether unit and lone commencement to retrieve from 2027 onward.
Deutsche Bank downgraded Sysco (SYY) to Hold from Buy with a terms people of $84, down from $90. The shares could beryllium scope bound successful the near-term fixed the overhang from the pending Restaurant Depot acquisition, the steadfast tells investors successful a probe note.
Raymond James downgraded Universal Health (UHS) to Market Perform from Outperform without a terms target. The steadfast has concerns astir the company's quality EBITDA guidance passim 2026.
William Blair downgraded Tenable (TENB) to Market Perform from Outperform without a terms target. In the existent environment, bundle companies request to amusement maturation acceleration "in bid to flight the punishment box" associated with AI disrupting software-as-a-service, the steadfast tells investors successful a probe note. William Blair besides downgraded Qualys (QLYS) and Rapid7 (RPD) to Market Perform from Outperform without terms targets.
KeyBanc downgraded Purple Innovation (PRPL) to Sector Weight from Overweight with nary terms target. While the steadfast says it remains "positive connected the company, the products and upside imaginable for shares successful an manufacture recovery," it cites ongoing manufacture softness and leverage for its downgrade.