CVS upgraded, General Mills downgraded: Wall Street's top analyst calls

3 hours ago 2

The Fly

Thu, March 12, 2026 astatine 8:50 AM CDT 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:

Bernstein upgraded CVS Health (CVS) to Outperform from Market Perform with a terms people of $94, up from $91, which offers 23% upside. CVS has "attractive exposure" to the Medicare Advantage turnaround and imaginable for much unchangeable net successful its pharmacy businesses aft betterment impacts, the steadfast tells investors successful a probe note.
Bernstein upgraded Cigna (CI) to Outperform from Market Perform with a terms people of $358, up from $307. The steadfast sees the operation of the Pharmacy Benefit Manager betterment measure and the FTC settlement, coupled with the already announced PBM exemplary changes and economical impacts that Cigna has detailed, arsenic "clearing events" that volition summation the aggregate implicit time.
Wells Fargo treble upgraded Occidental (OXY) to Overweight from Underweight with a terms people of $69, up from $47. The steadfast says the company's peer-leading lipid sensitivity is some an accidental and a risk, but it is chiefly Permian superior ratio trends informing this standing change. Piper Sandler besides upgraded Occidental to Overweight from Neutral with a terms people of $66, up from $54.
Williams Trading upgraded Crocs (CROX) to Hold from Sell with an $84 terms target. The steadfast cites valuation for the upgrade with the shares beneath the terms target.
Jefferies upgraded Petco (WOOF) to Buy from Hold with a terms people of $5, up from $4.05. The institution enters 2026 "headed towards maturation with liquidity and profitability concerns present successful the rear-view mirror," the steadfast tells investors successful a probe note.

Top 5 Downgrades:

Wells Fargo downgraded General Mills (GIS) to Underweight from Equal Weight with a terms people of $35, down from $45. The steadfast sees antagonistic nett catalysts for General Mills.
Wells Fargo downgraded Campbell's (CPB) to Underweight from Equal Weight with a terms people of $20, down from $28. The "convergence" of net risk, higher leverage and "tight" dividends volition apt thrust stock underperformance comparative to peers, the steadfast tells investors successful a probe note. Wells besides downgraded Conagra Brands (CAG) to Underweight from Equal Weitght.
JPMorgan downgraded MercadoLibre (MELI) to Neutral from Overweight with a terms people of $2,100, down from $2,650. The company's contention does not look to beryllium easing, with Shopee reiterating its willingness to proceed sacrificing margins successful Brazil, the steadfast tells investors successful a probe note.
Citi downgraded Generac (GNRC) to Neutral from Buy with a terms people of $237, up from $207. The steadfast says the stock's catalysts person played retired aft the company's 2026 gross guidance met its above-consensus numbers.
RBC Capital downgraded Vale (VALE) to Sector Perform from Outperform with a terms people of $15.50, up from $14.50. The steadfast cites valuation for the downgrade pursuing the caller re-rating of the shares.