Costco downgraded, Dollar General upgraded: Wall Street's top analyst calls

2 days ago 5

The Fly

Mon, December 15, 2025 astatine 8:57 AM CST 4 min read

The astir talked astir and marketplace moving probe calls astir Wall Street are present successful 1 place. Here are today's probe calls that investors request to know, arsenic compiled by The Fly.

Top 5 Upgrades:

JPMorgan upgraded Dollar General (DG) to Overweight from Neutral with a terms people of $166, up from $128. The steadfast sees upside to company's 2%-3% same-store-sales maturation outlook for fiscal 2026 fixed its vulnerability to the employed low-income user and higher level of mediate income consumers trading down.
Morgan Stanley upgraded Hershey (HSY) to Overweight from Equal Weight with a terms people of $211, up from $195. The steadfast says the banal "offers uncommon visibility into significant" net maturation wrong staples.
Goldman Sachs treble upgraded Teradyne (TER) to Buy from Sell with a terms people of $230, up from $148. The steadfast believes Teradyne volition summation greater traction successful GPU investigating on with a betterment astatine its accepted customers.
KeyBanc treble upgraded Akamai (AKAM) to Overweight from Underweight with a terms people of $115, up from $66. The steadfast admits to being incorrect connected Akamai, and says the company's gross has the accidental to accelerate arsenic much of the concern shifts toward compute.
Morgan Stanley upgraded Doximity (DOCS) to Overweight from Equal Weight with a terms people of $65, up from $62. The steadfast says the stock's underperformance "is astatine odds" with its checks connected the concern and strengthening level engagement.

Top 5 Downgrades:

Roth Capital downgraded Costco (COST) to Sell from Neutral with a terms people of $769, down from $906. The institution reported a Q1 net bushed but its underlying metrics are "concerning," the steadfast tells investors successful a probe note.
Goldman Sachs downgraded Arm (ARM) to Sell from Neutral with a terms people of $120, down from $160. The steadfast cites the company's constricted leverage to the AI cycle, traction crossed non-traditional markets, and concern exemplary modulation for the downgrade of Arm.
Goldman Sachs treble downgraded Texas Instruments (TXN) to Sell from Buy with a terms people of $156, down from $200. The steadfast cites Texas Instruments' "lackluster" execution done the cycle, and little leverage than peers successful the upcycle for the treble downgrade.
KeyBanc downgraded Adobe (ADBE) to Underweight from Sector Weight with a $310 terms target. KeyBanc's survey enactment shows Adobe's competitory pressures person been picking up and volition proceed to measurement connected shares and the multiple.
KeyBanc downgraded ServiceNow (NOW) to Underweight from Sector Weight with a $775 terms target. There are signals successful the IT back-office employment information that rise the likelihood that the "death of software-as-a-service" communicative could travel for ServiceNow successful 2026, the steadfast tells investors successful a probe note.