Essentially the most talked about and market transferring analysis calls round Wall Road are actually in a single place. Listed below are right this moment’s analysis calls that traders have to know, as compiled by The Fly.
High Upgrades:
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Raymond James upgraded Cummins (CMI) to Outperform from Market Carry out with a $585 worth goal. The agency’s check-in with U.S. truck sellers means that whereas the near-term tone cautious, reflective of an prolonged freight recession, there was a “notable change in sentiment” concerning the second half of 2026.
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Loop Capital upgraded Ollie’s Discount Outlet (OLLI) to Purchase from Maintain with a worth goal of $135, up from $130, following a current retailer tour. The agency believes traders are underestimating Ollie’s comp potential in fiscal 2026.
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Extra bullish on the identify, Bradesco BBI upgraded Volaris (VLRS) to Outperform from Impartial with a $12 worth goal.
High Downgrades:
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Citi downgraded Amicus (FOLD) to Impartial from Purchase with a worth goal of $14.50, down from $17, after BioMarin (BMRN) introduced it’s going to purchase Amicus for $4.8B or $14.50 per share. Citi sees low potential for an additional bidder rising.
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Raymond James double downgraded Sealed Air (SEE) to Market Carry out from Robust Purchase and not using a worth goal. The take-private supply from CD&R concluded its “go-shop” interval on December 16, which narrows the chances of a topping bid, the agency tells traders in a analysis observe.
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William Blair downgraded Clearwater Analytics (CWAN) to Market Carry out from Outperform and not using a worth goal after the corporate entered into an settlement for an all-cash take-private deal at $24.55 per share. Oppenheimer additionally downgraded Clearwater Analytics to Carry out from Outperform and not using a worth goal.
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Janney Montgomery Scott downgraded Heritage Commerce (HTBK) to Impartial from Purchase with a $14 honest worth estimate after the corporate introduced an settlement to be acquired by CVB Monetary (CVBF).
High Initiations:
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Wells Fargo initiated protection of Arcellx (ACLX) with an Obese score and $100 worth goal. The agency views the corporate’s anito-cel as a “future pillar” within the therapy of a number of myeloma.
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Jefferies initiated protection of BlackSky (BKSY) with a Purchase score and $23 worth goal. BlackSky’s distinctive space-based imagery providing and a refreshed constellation by year-end 2026 place it properly to increase the topline at about 25% per 12 months, says the agency, which sees gross sales doubling via 2028 to $211M, up from $108M right this moment.
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BTIG initiated protection of Invivyd (IVVD) with a Purchase score and $10 worth goal. The corporate has a confirmed observe document of manufacturing efficient antibodies, the agency tells traders in a analysis observe.
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Jefferies initiated protection of Relmada Therapeutics (RLMD) with a Purchase score and $9 worth goal. The agency says the corporate has undergone a change in 2025, shifting from a failed central nervous system program to an oncology and neuro pipeline.
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Seaport Analysis initiated protection of MasterCraft Boat (MCFT) with a Impartial score and no worth goal. Whereas optimistic on the U.S. client and believing that the extremely cyclical marine trade is poised to develop unit gross sales in calendar 2026, the agency says MasterCraft’s marine publicity “occurs to be in two of probably the most aggressive and pressured areas of marine,” particularly ski/wake and pontoons.
