Synopsys upgraded, Warner Bros. downgraded: Wall Street’s top analyst calls

Top 5 Upgrades:

• Rosenblatt upgraded Synopsys (SNPS) to Buy from Neutral with a terms people of $560, down from $605, up of the institution reporting fiscal Q4 results aft marketplace adjacent connected December 10. Following a Q3 miss and guidance cut, the steadfast expects an in-line quarter, says the firm, which notes the stock’s astir 30% diminution since the Q3 study connected September 9.

• Wolfe Research upgraded Eaton (ETN) to Outperform from Peer Perform with a $413 terms target. The steadfast expects 2026 to bring benefits from the company’s electrical backlog conversion and easing cyclical tailwinds.

• RBC Capital upgraded Colgate-Palmolive (CL) to Outperform from Sector Perform with an unchanged terms people of $88. The steadfast believes the company’s situation successful 2026 volition stay difficult, but says estimates and expectations are “appropriately low.”

• RBC Capital upgraded RPM (RPM) to Outperform from Sector Perform with a terms people of $132, up from $121. The steadfast believes the shares person “have deed a bottom.”

• Goldman Sachs upgraded Viking Holdings (VIK) to Buy from Neutral with a terms people of $78, up from $66. The steadfast says the company’s “differentiated” geographic vulnerability and higher-income demographic person offset “choppier” broader cruise trends.

Top 5 Downgrades:

• Seaport Research downgraded Warner Bros. Discovery (WBD) to Neutral from Buy without a terms people pursuing quality of a caller Paramount Skydance (PSKY) hostile connection astatine $30 per share.

• Goldman Sachs downgraded Norwegian Cruise Line (NCLH) to Neutral from Buy with a terms people of $21, down from $23. The steadfast sees a little favorable risk/reward for 2026 fixed the supply/demand setup successful the Caribbean and Norwegian’s “outsized exposure” to that market.

• RBC Capital downgraded Confluent (CFLT) to Sector Perform from Outperform with a terms people of $31, up from $30, aft the institution entered into an statement to beryllium acquired by IBM (IBM) for $31 per stock successful cash. Mizuho, DA Davidson, Wolfe Research, UBS, Raymond James, and Oppenheimer besides downgraded the banal to Neutral-equivalent ratings.

• Compass Point treble downgraded SLM (SLM) to Sell from Buy with a terms people of $23, down from $35, aft the institution hosted an capitalist forum to contiguous an updated medium-term outlook that reflects expected maturation from the Grad PLUS accidental and the interaction of its precocious launched strategical concern loan-sale program.

• Wolfe Research downgraded Vertiv (VRT) to Peer Perform from Outperform without a terms target. The steadfast cites valuation for the downgrade with the shares up 14-times since its December 2022 upgrade.