Rundown of Wall Street’s Major Calls: Upgrades, Downgrades, and Initiations

Unveiling Thursday’s Major Wall Street Stock Calls

Here’s a breakdown of the most notable stock calls on Wall Street on Thursday, including RBC’s upgrade of Nike and Goldman Sachs’ upgrade of StepStone Group. Find out what leading financial analysts are saying about top companies and how this could impact your investment strategy.

RBC Upgrades Nike to Outperform

RBC has upgraded Nike from sector perform to outperform, stating that the company is making significant strides in its turnaround. Positive channel checks, improved Running Footwear offer, and a refashioned organizational structure are some of the key factors contributing to this positive rating. Read more.

StepStone Group Upgraded by Goldman Sachs

Goldman Sachs has upgraded StepStone Group to buy from neutral, placing an $83 price target. Goldman Sachs sees the financial planning company as an undervalued recipient of wealth growth in private markets, suggesting an upside of 37%.

Roth Initiates GrabAGun Digital as Buy

Roth has initiated coverage on e-commerce firearm company, GrabAGun, with a buy rating and a price target of $8.25. This reflects the promising position of the company in its respective market.

Barclays Initiates BeOne Medicines as Overweight

Barclays has initiated coverage on biotech company BeOne Medicines as overweight, expressing optimism about the company’s drug development across hematologic and solid tumors.

Citi Reiterates Meta as Buy

Following a presentation at Meta’s Connect conference, Citi has reiterated a buy rating for Meta, showing bullishness for the company’s AI smart glasses. Citi believes that the adoption of these glasses could surge in the near future.

BMO Initiates Dorman Products as Outperform

BMO has initiated coverage of Dorman Products with a $180 target price and an outperform rating, expressing optimism for the auto parts company’s prospects in the market.

UBS Downgrades Dropbox and Box

UBS has downgraded cloud storage company Dropbox to sell from neutral, and content management platform company Box to neutral from buy, citing challenging demand for Dropbox and limited near-term upside for Box.

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