Wall Street analysts issue upgrades, downgrades, and initiations on Alcoa, Occidental Petroleum, PayPal, and others

24/7 Wall St.··Read original
2▲3 ▼3Impact / 5
Summary · why it matters

Wall Street analysts issued a flurry of rating changes and initiations on Wednesday, July 8, 2026. Among the notable upgrades, Evercore ISI raised Occidental Petroleum to Outperform from In Line and lifted its price target to $65 from $58, while Goldman Sachs upgraded Dollar Tree to Neutral from Sell with a $155 target. On the downgrade side, Morgan Stanley cut Alcoa to Equal Weight from Overweight and slashed its price target to $53 from $79, and Barclays downgraded HCA Healthcare to Equal Weight from Overweight, reducing its target to $179 from $238. In new coverage, Barclays initiated PayPal with an Underweight rating and a $42 target, while DA Davidson started Pinterest with a Buy rating and a $26 target.

Impact on assets 15

Critical Materials & Supply Chain▼
Alcoa Corp
AA
▼ NegativeCapitalrelevance

Morgan Stanley downgraded Alcoa to Equal Weight from Overweight and slashed price target to $53 from $79.

Consumer Discretionary▲
Consumer Staples▲
Dollar Tree Inc
DLTR
▲ PositiveCapitalrelevance

Goldman Sachs upgraded Dollar Tree to Neutral from Sell with a $155 target.

Aging Population▼
HCA Healthcare, Inc.
HCA
▼ NegativeCapitalrelevance

Barclays downgraded HCA Healthcare to Equal Weight from Overweight, reducing target to $179 from $238.

Carbon Removal (DAC)▲
Communication Services▲
Pinterest Inc
PINS
▲ PositiveCapitalrelevance

DA Davidson started Pinterest with a Buy rating and a $26 target.

Digital Finance & Tokenization▼
PayPal Holdings Inc
PYPL
▼ NegativeCapitalrelevance

Barclays initiated PayPal with an Underweight rating and a $42 price target.

Materials▲
Energy Transition & Power Demand▲
Real Estate▲
Spatial Computing / AR/VR▲
Financials▲
Climate Adaptation & Water▲