Mizuho has upgraded Albemarle (ALB) to Outperform, citing its strong position as a beneficiary of increased battery storage demand. The analyst firm notes that “strong Battery Energy Storage systems (BESS) demand has tipped market balance into favorable territory.” Goldman Sachs has similarly upgraded Trane Technologies (TT) to Buy from Neutral, highlighting the company as a “best in class operator with accelerating growth,” setting a 12-month price target of $565 for an 18% upside. Morgan Stanley reiterates SpaceX as Overweight, emphasizing that the company’s “extreme dimensionality of businesses” is undervalued, with particular focus on its Distributed Inference Cloud potentially overlooked by investors. Barclays has downgraded Dell (DELL) to Equal Weight from Overweight, worrying about slowing growth as high ASPs may not offset memory inflation trends. Jefferies upgraded Brinker International (EAT) to Buy from Hold, recognizing a “compounding story” with a $255 price target. Barclays has also initiated coverage on both Alcoa (AA) and Kaiser Aluminum (KALU) as Overweight, targeting underappreciated opportunities in aluminum markets, including Alcoa’s pending acquisition of South32’s AliGroup. JPMorgan initiated Kirby Corporation (KEX) as Overweight with a $200 price target by 2027, projecting 40% upside based on recovering free cash flow. The firm also initiated Arcus Biosciences (RCUS) as Overweight, setting a $41 target price. JPMorgan remains bullish on Apple (AAPL), citing its HomeView launch and refreshed Apple TV 4K as monetization opportunities through hardware and recurring services. Citizens initiated Compass (COMP) as Market Outperform with an $11 price target. Stifel initiated Innovative Industrial Properties (IIPR) as Buy with a $56.25 target, while Goldman Sachs reiterated Meta Platforms (META) as Buy, raising its price target to $860 after successful launches of the Muse agent and Wonder model. Jefferies upgraded Kontoor Brands (KTB) to Buy from Hold, noting Wrangler’s steady status as a potential accelerator through the pending Lee sale. Citi initiated Ascentage Pharma (ASPY) as Buy, seeing it transitioning into a global hematology-oncology player. Truist initiated Entegris (ENTG) and Qnity Electronics as Buy, citing margin recoveries and favorable mix growth potential, respectively. Mizuho reiterated Nvidia’s (NVDA) leadership in AI training and inference chips. William Blair initiated Marex (MRX) as Outperform on high-growth commodity brokerage momentum. BTIG upgraded Liquidia (LQDA) to Buy with a $70 price target, while Bank of America upgraded Weyerhaeuser (WY) to Buy from Neutral, noting undervaluation at $19/share. Jefferies upgraded Texas Roadhouse (TXRH) to Buy, citing its resilient casual dining positioning. Seaport upgraded Ralliant (RAL) to Buy, driven by improving sales trends and market conditions. Canaccord initiated Amprius Technologies (API) as Buy, highlighting its silicon anode strategy and defense, drone, and EV market opportunities. Goldman Sachs upgraded GXO Logistics (GXO) to Buy, recognizing its position as a top contract logistics provider with scaling potential.
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