Roblox downgraded, Lululemon upgraded: Wall Street's top analyst calls

1 week ago 8

The Fly

Fri, December 12, 2025 astatine 8:35 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:

Jefferies upgraded Lululemon (LULU) to Hold from Underperform with a terms people of $170, up from $120. The pending CEO departure is simply a "big positive," the steadfast tells investors successful a probe note.
UBS upgraded American Airlines (AAL) to Buy from Neutral with a terms people of $20, up from $14, aft transportation successful expert coverage. The marketplace is not afloat appreciating American's accidental to "meaningfully expand" profits implicit the adjacent fewer years arsenic its firm revenues recover, the steadfast tells investors successful a probe note.
JPMorgan upgraded Citi (C) to Overweight from Neutral with a terms people of $124, up from $107. The steadfast says Citi volition payment much than peers from a coagulated system and beardown markets-related enactment successful 2026.
Guggenheim upgraded Bristol Myers (BMY) to Buy from Neutral with a $62 terms people up of 2026, which the steadfast believes "offers a overmuch much compelling value-oriented and pipeline-driven risk/reward."
Deutsche Bank upgraded Allegiant Travel (ALGT) to Buy from Hold with a $105 terms target. The steadfast sees the operation of a "fairly balanced" home proviso backdrop, a low-fare assemblage "highly motivated" to make affirmative returns, and the coagulated macro situation offering a "healthy acceptable up" for airlines successful 2026, particularly for those exposed to the U.S. market.

Top 5 Downgrades:

JPMorgan downgraded Roblox (RBLX) to Neutral from Overweight with a terms people of $100, down from $145. JPMorgan thinks the shares "could instrumentality a breather" successful 2026 owed to engagement headwinds, bookings maturation slowing, and margins compressing.
Baird downgraded PayPal (PYPL) to Neutral from Outperform with a terms people of $66, down from $83. The steadfast believes the operation of "uneven" transaction volumes successful Q4 and different concern rhythm coming successful 2026, on with uncertain timing astir broader level improvements mean that a "clearing event" for the banal is little apt adjacent term.
Stifel downgraded RH (RH) to Hold from Buy with a terms people of $165, down from $320. The institution reduced its fiscal 2025 gross and EBITDA guidance for the 2nd clip this twelvemonth with results implying slowing request done the year, the steadfast says.
Northland downgraded Ciena (CIEN) to Market Perform from Outperform with a $190 terms target. At the existent valuation, and with Q1 capableness constricted arsenic the institution termed itself "sold out," the steadfast sees FY26 guidance and upside drivers similar caller standard wins "fully factored" into the shares.
KeyBanc downgraded Veeva (VEEV) to Sector Weight from Overweight. A caller circular of transmission checks has indicated that ample pharma clients successful the mediate of bundle evaluations are leaning towards Salesforce's (CRM) offering, suggesting much losses than Veeva has outlined, the steadfast tells investors successful a probe note.