Thursday’s Top Analyst Calls: Adobe, Palantir Upgraded; Dana, SkyWest Downgraded

24/7 Wall St.··Read original
2▲4 ▼2Impact / 5
Summary · why it matters

Wall Street analysts issued several notable rating changes on Thursday. HSBC upgraded Adobe to Buy and raised its price target to $308 from $282, while DA Davidson upgraded Palantir Technologies to Buy with a $175 target. Wolfe Research upgraded Chevron to Outperform with a $210 target. On the downgrade side, Barclays cut Dana to Equal Weight with a $32 target, and Goldman Sachs downgraded SkyWest to Neutral, trimming its target to $108 from $126. New coverage initiations included BMO Capital starting Honeywell Aerospace with an Outperform rating and a $276 target, and Daiwa initiating Space Exploration Technologies with a Neutral rating and a $175 target.

Impact on assets 15

Defense & Geopolitical Fragmentation▲
Industrials▼
SkyWest Inc
SKYW
▼ NegativeCapitalrelevance

Goldman Sachs downgraded SkyWest to Neutral and trimmed target to $108.

Consumer Discretionary▲
Information Technology▲
Artificial Intelligence▲
Adobe Inc.
ADBE
▲ PositiveCapitalrelevance

HSBC upgraded Adobe to Buy and raised price target to $308.

Energy▲
Chevron Corp
CVX
▲ PositiveCapitalrelevance

Wolfe Research upgraded Chevron to Outperform with a $210 target.

Electrification & Mobility▼
Dana Inc
DAN
▼ NegativeCapitalrelevance

Barclays downgraded Dana to Equal Weight with a $32 target.

Space Economy▲
Real Estate▲
Financials▲
Energy Transition & Power Demand▲