Tuesday’s Top Analyst Upgrades and Downgrades: Nvidia, Apple, Netflix, Meta, Galaxy, SoFi, Viking, AT&T and Others

UBS kicked off the day by initiating coverage of TechnipFMC (FTI) with a Buy rating, highlighting the company’s leading position in integrated subsea production systems and its potential for upside. Benchmark followed suit, initiating SoFi Technologies (SOFI) as a Buy with a $25 price target, citing improving operating momentum. Barclays started coverage of Linde (LIN) as Overweight, anticipating volume growth of 2‑4% in 2026‑2028 after a flat period in 2022‑2025. Rothschild & Co Redburn initiated MiniMed as a Buy, noting that the insulin pump maker’s once‑problematic reputation has turned into a competitive advantage.
KeyBanc upgraded American Electric Power (AEP) from Equal Weight to Overweight, expecting earnings‑per‑share growth heading into the third quarter. Gordon Haskett moved Ollie’s Bargain Outlet from Hold to Buy after a store tour reinforced confidence in the retailer’s long‑term niche while acknowledging transient pressures affecting same‑store sales. Barclays lifted Viking Holdings (VIK) from Equal Weight to Overweight, raising its price target to $102 on a compelling risk/reward view of the cruise line’s widening moat.
UBS also initiated coverage of Orion180 Insurance as a Buy, pointing to high revenue growth, a sizable addressable market, a scalable platform and attractive fee economics. Barclays upgraded NatWest (NWG) to Overweight, seeing upside to earnings per share from higher interest rates and continued growth, with deposit/funding costs only a modest headwind. Piper Sandler raised VF Corp (VFC) to Overweight and lifted its price target to $20, noting the owner of Vans is at an inflection point, with the turnaround of the Vans brand remaining the key debate. Citi upgraded Galaxy Digital (GLXY) from Neutral to Buy, increasing the target from $26 to $28 and calling the risk/reward compelling.
Deutsche Bank initiated coverage of Wintrust Financial (WTFC) as a Buy with a $175 target, describing the regional bank as exhibiting high‑quality growth. Barclays started coverage of MSC Industrial (MSM) as Overweight with a $152 price target, viewing the industrial distributor as in the midst of a turnaround. Mizuho upgraded Rexford Industrial (REXR) from Neutral to Outperform, citing idiosyncratic factors and recent outperformance relative to peers despite a valuation discount. Canaccord upgraded BCE (BCE) from Hold to Buy after a series of investor meetings with Bell Canada management, factoring in recent sell‑off pressures from rising rates and satellite‑related concerns.
Truist reiterated its Buy rating on Meta (META) and lifted its price target to $1,000 from $763, rolling its DCF‑derived valuation forward to reflect expected contributions from Muse while offsetting higher capital expenditures. TD Cowen initiated Electra Therapeutics as a Buy, noting upside potential for the late‑stage biotech developing SIRP‑targeted antibodies.
Bernstein downgraded AT&T (T) from Outperform to Market Perform, expressing concern over the potential impact of Starlink’s expanding broadband capacity on the company’s pricing environment. KeyBanc maintained its Overweight rating on Netflix (NFLX) but reduced its price target to $85 from $92, urging management to address content investment and expense alignment to spur growth. Bank of America reaffirmed its Buy ratings on both Apple (AAPL) and Nvidia (NVDA), noting that iPhone lead times are normalizing and that Nvidia remains a top beneficiary of AI‑related infrastructure spending, alongside peers such as MRVL, CRDO, MU, INTC, AMD, AVGO and LRCX.
Ladenburg Thalmann initiated coverage of Yeti Holdings (YETI) as a Buy with a $52 price target, seeing further upside for the lifestyle‑products firm. Finally, Bank of America downgraded Pershing Square (PSUS/PSH) to Underperform from Neutral, citing an accumulation of negative catalysts expected to weigh on performance in 2026 after several years of strong returns.

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