Chipotle upgraded, Charter initiated: Wall Street’s top analyst calls

Top 5 Upgrades:

• Loop Capital upgraded Chipotle (CMG) to Buy from Neutral with a terms people of $65, up from $58. There is the imaginable for astatine slightest 7.0%-8.0% upside to the existent statement EPS estimation of $1.30 for 2025 if comparable income proceed to bushed expectations implicit the people of the existent year, the steadfast tells investors successful a probe note.

• Canaccord upgraded Peloton (PTON) to Buy from Hold with an unchanged terms people of $10 pursuing a transportation of coverage. Peloton is the wide person successful the connected fittingness industry, which it invested successful aboriginal connected and built a 6M loyal subordinate basal that has a precocious borderline recurring gross stream, the steadfast says.

• Stifel upgraded Danaher (DHR) to Buy from Hold with an unchanged terms people of $260, telling investors that shares “seem to person recovered their footing” pursuing a re-rating, with downward estimated revisions seemingly done and the banal having shed its above-average premium.

• Wells Fargo upgraded Check Point (CHKP) to Overweight from Equal Weight with a terms people of $280, up from $200. New CEO Nadav Zafrir is simply a “game-changer” for the institution and tin leverage his anterior acquisition to further penetrate the Fortune 500 and grow Check Point’s merchandise portfolio via acquisitions, the steadfast tells investors successful a probe note.

• Baird upgraded American Express (AXP) to Neutral from Underperform with an unchanged terms people of $265. The steadfast says the persistent selloff successful the broader marketplace makes it hard to stay pessimistic connected American Express’ “high-quality franchise.”

Top 5 Downgrades:

• Citi downgraded T-Mobile (TMUS) to Neutral from Buy with an unchanged terms people of $268. T-Mobile continues to make favorable maturation comparative to the class and its competitors, but the stock’s valuation has stayed elevated, the steadfast says, adding that it does not spot “any contiguous accelerators to rapidly trim T-Mobile’s premium.”

• Exane BNP Paribas downgraded Equifax (EFX) to Neutral from Outperform with a $265 terms target. The steadfast adjusted ratings successful the staffing group, saying “seismic shifts” successful European versus U.S. argumentation and macro-outlooks mean it is clip to “lean into” European cyclicals.

• BofA downgraded Sutro Biopharma (STRO) to Underperform from Buy with a terms people of $1, down from $11, pursuing the company’s announcement to deprioritize the improvement of luvelta. Management said the determination was mostly based connected their existent currency presumption and highlighted ongoing discussions with different companies regarding luvelta out-licensing opportunities, but the presumption of these discussions remains unclear and the expected timing of a concern announcement, notes the firm. Wedbush, Piper Sandler and Citizens JMP besides downgraded Sutro Biopharma to Neutral-equivalent ratings.

• Jefferies downgraded Advanced Flower Capital (AFCG) to Hold from Buy with a terms people of $7, down from $10. The steadfast cites ongoing recognition uncertainty for the downgrade, with astir 39% of Advanced Flower’s loans connected non-accrual arsenic of Q4.

• Stifel downgraded Xponential Fitness (XPOF) to Hold from Buy with a terms people of $12, down from $20. The steadfast says it did not afloat grasp the grade of the challenges near by the erstwhile absorption team.