Circle Internet initiated, Lyft downgraded: Wall Street's top analyst calls

6 days ago 7

The Fly

Fri, December 19, 2025 astatine 8:43 AM CST 3 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:

Citizens upgraded Stryker (SYK) to Outperform from Market Perform with a $440 terms target. Citizens cites the stock's "reasonable" valuation astatine existent stock levels for the upgrade.
Barclays upgraded Cummins (CMI) to Overweight from Equal Weight with a terms people of $546, up from $515. The upgrade of Cummins reflects the caller emissions rules successful 2027 pushing forward, the company's probe and improvement expenses coming down, and powerfulness procreation bridging its net gap.
Wells Fargo upgraded Generac (GNRC) to Overweight from Equal Weight with a terms people of $195, up from $186. The caller pullback successful the shares creates a "near-free telephone option" connected the company's information halfway growth, the steadfast tells investors successful a probe note.
JPMorgan upgraded Paccar (PCAR) to Overweight from Neutral with a terms people of $133, up from $108. Following the latest Section 232 proclamation that went into effect connected November 1, the bulk of Paccar's tariff-related headwinds faced this twelvemonth to beryllium offset adjacent year, the steadfast tells investors successful a probe note.
Keefe Bruyette upgraded Bain Capital Specialty Finance (BCSF) to Outperform from Market Perform with an unchanged terms people of $16. The steadfast says Bain's stock show provides an charismatic introduction point.

Top 5 Downgrades:

Wedbush downgraded Lyft (LYFT) to Underperform from Neutral with a terms people of $16, down from $20. The steadfast believes Lyft is astir astatine hazard to the interaction of autonomous conveyance disruption fixed the company's vulnerability to the U.S. ridesharing marketplace and undiversified offering mix.
JPMorgan downgraded Lockheed Martin (LMT) to Neutral from Overweight with a terms people of $515, up from $465, arsenic portion of its aerospace and defence outlook for 2026. The steadfast cites its out-year currency travel estimates being beneath statement for the downgrade of Lockheed Martin.
Raymond James downgraded Allegiant Travel (ALGT) to Outperform from Strong Buy with a terms people of $98, up from $78, up of the Q4 report. The steadfast cites valuation for the downgrade pursuing the caller stock strength.
Deutsche Bank downgraded Elevance Health (ELV) to Hold from Buy with a terms people of $320, down from $332. The steadfast cites its reduced estimates and Elevance's challenging macro situation for the downgrade.
Williams Trading downgraded Birkenstock (BIRK) to Hold from Buy with a terms people of $51, down from $75, pursuing the net report. The steadfast says the deficiency of clarity from absorption "makes the banal pugnacious to own."