Stocks were seeing strong pressure to the downside on Monday with major tech and AI-related stocks selling off on news that China’s DeepSeek AI has been giving strong results at a tiny fraction of the cost versus what companies in the West have been spending. Investors are just starting to get used to the Trump administration’s slew of new policies and many have yet to be implemented. Many investors and traders are still trying to decide how they want their assets positioned for 2025 and beyond. This is where the top analyst upgrades, downgrades and initiations can come into play.
Oggonomics searches the daily flow of analyst calls covering the upgrades and downgrades from Wall Street to look for new ideas in Wall Street research reports that might have otherwise been overlooked or missed. Short-term traders get a glimpse of immediate price reactions to news and to the analyst calls. Long-term investors get a picture of new buy, sell and hold ratings with targets looking a year out.
Oggonomics always reminds investors and its readers that no single analyst report should ever be the sole basis to buy or sell a stock. That decision to buy or sell, or hold or short sell, is up to each investor and the decision should be made with a financial advisor.
These are some of the top analyst upgrades and downgrades seen on Monday, January 27, 2025.
A more in-depth update on the carnage in AI valuations after the DeepSeek impact is also available.
Abbott Laboratories (NYSE: ABT) was reiterated as Overweight and its price target was raised to $158 from $149 (versus $125.05 close) at Barclays.
AES Corporation (NYSE: AES) was maintained as Overweight but its price target was cut to $12 from $17 (versus $11.60 close) at Barclays.
Alphabet Inc. (NASDAQ: GOOGL) was reiterated with a Buy rating and its price target was raised to $225 from $210 (versus $200.21 close) at Needham.
American Express Co. (NYSE: AXP) was reiterated as Buy and its price target was raised to $350 from $305 at Argus.
Apple Inc. (NASDAQ: AAPL) was reiterated with a Buy rating and a $262 price target at Rosenblatt. Apple closed down 0.4% at $222.78 on Friday and has been seeing many analysts cut their price targets and some formal downgrades based on iPhone and China sales data ahead of earnings.
Capri Holdings Limited (NYSE: CPRI) was reiterated as Overweight and its price target as raised to $30 from $28 (versus $24.93 close) at Wells Fargo.
Exelixis, Inc. (NASDAQ: EXEL) was raised to Overweight from Equal-Weight and its price target was raised to $40 from $30 (versus $32.38 close) at Morgan Stanley.
Federal National Mortgage Association (FNMA), a.k.a. Fannie Mae, was cut to Underperform from Market Perform but its price target was raised to $4.00 from $3.00 at Keefe Bruyette & Woods. Fannie Mae closed down over 11% at $5.74 on Friday.
Federal Home Loan Mortgage Corporation (FMCC), a.k.a. Freddie Mac, was cut to Underperform from Market Perform but its price target was raised to $4.50 from $4.00 at Keefe Bruyette & Woods. Freddie Mac closed down 7.9% at $5.23 on Friday.
Huntington Bancshares Inc. (NASDAQ: HBAN) was reiterated as Buy and its target price was raised to $19 from $17 at Argus. HBAn closed at $17.20 on Friday.
Intellia Therapeutics, Inc. (NASDAQ: NTLA) was downgraded to Equal-Weight from Overweight and its price target was slashed down to $11 from $56 at Morgan Stanley. UIntellia closed down 2.6% at $10.99 on Friday and was indicated down almost 7% more at $10.25 on Monday.
The Interpublic Group of Companies, Inc. (NYSE: IPG) was raised to Overweight from Neutral and the price target was raised to $39 from $32 (versus $28.54 close) at JPMorgan.
Meta Platforms, Inc. (NASDAQ: META) was reiterated as Buy with a $811 target price (versus $647.49 close) at Rosenblatt.
NextEra Energy Inc. (NYSE: NEE) was maintained with a Buy rating but its target price was cut to $86 from $90 (versus $72.83 close) at Argus.
Omnicom Group Inc. (NYSE: OMC) was reiterated as Overweight but its price target was cut to $116 from $119 (versus $85.56 close) at JPMorgan.
Plug Power Inc. (NASDAQ: PLUG) was downgraded to Sell from Neutral with a $1 target price (versus $2.08 close) at Seaport Global.
Portillo’s Inc. (NASDAQ: PTLO) was raised to Buy from Hold and its price target was raised to $16 from $13 (versus $12.49 close) at Stifel.
Qorvo, Inc. (NASDAQ: QRVO) was raised to Overweight from Neutral and its price target was raised to $110 from $85 (versus $88.94 close) at Piper Sandler.
RingCentral, inc. (NYSE: RNG) was downgraded to Equal-Weight from Overweight and its target price was lowered down to $37 from $45 (versus $34.65 close) at Barclays.
RLI Corp. (NYSE: RLI) was downgraded to Underperform from Buy and its price target was cut to $61 from $95 (versus $72.48 close) at Jefferies. RLI was indicated down almost 2% at $71.15 early on Monday.
Take-Two Interactive Software, inc. (NASDAQ: TTWO) was raised to Buy from Neutral and its price target was raised to $230 from $175 (versus $185.49 close) at UBS.
Twilio Inc. (NYSE: TWLO) closed up 20% at $136.23 on Friday after earnings and multiple upgrades and price target hikes. Twilio was raised to Buy from Neutral and its price target was raised to $185 from $77 at Goldman Sachs.
Uber Technologies, Inc. (NYSE: UBER) was reiterated as Buy with a $90 price target (versus $68.56 close) at Needham.
Waste Management, Inc. (NYSE: WM) was raised to Sector Outperform from Sector Perform and its target was raised to $250 from $225 at Scotiabank.
If you missed Friday’s top analyst calls, they were in shares of Apple, Foot Locker, Interpublic, Travelers, Twilio and many more stocks.
