Royal Caribbean upgraded, AppLovin downgraded: Wall Street's top analyst calls

• Loop Capital upgraded Royal Caribbean (RCL) to Buy from Hold with an unchanged terms people of $250. The outlook offered astatine the company's expert time is amended than expected, and the steadfast recommends taking vantage of the pullback successful the stock, noting the shares person traded astir 15% little since its initiation past month.

• Wells Fargo upgraded Molina Healthcare (MOH) to Overweight from Equal Weight with a terms people of $372, up from $295. The steadfast says its investigation of Medicaid argumentation leaves it "increasingly comfortable" that Medicaid stocks "have adequately priced successful risks of reasonably apt legislative outcomes."

• JPMorgan upgraded Intuit (INTU) to Overweight from Neutral with a terms people of $660, up from $640. The shares person underperformed to specified an grade that the banal presently trades beneath wherever it was 3.5 years agone erstwhile the word "transitory inflation" was retired successful November 2021, the steadfast tells investors successful a probe note.

• UBS upgraded Arista Networks (ANET) to Buy from Neutral with a terms people of $115, up from $112, representing 34% imaginable upside implicit the adjacent 12-months. The upgrade is supported by the presumption that the company's investments successful information halfway capex volition stay strong, increasing astatine 25% annually done 2027, the steadfast tells investors successful a probe note.

• Guggenheim upgraded GE Vernova (GEV) to Buy from Neutral with a $380 terms target. While noting that the banal has declined importantly since mid-January, the steadfast tells investors that caller commentary from the institution has accrued the firm's comfortableness with projections.

Top 5 Downgrades:

• Arete downgraded AppLovin (APP) to Sell from Neutral with a $200 terms target. The steadfast sees risks to AppLovin's e-commerce maturation story, saying it is "failing to supply compelling" instrumentality connected advertisement walk astatine standard crossed typically debased quality, long-tail mobile gaming advertisement inventory.

• HSBC downgraded T-Mobile (TMUS) to Hold from Buy with a terms people of $270, up from $260. Without much accusation related to yet-to-be-completed acquisitions, HSBS sees constricted valuation upside astatine existent stock levels.

• Needham downgraded Beyond (BYND) to Hold from Buy and removed its anterior $9 terms target, citing the important simplification it has made successful its gross estimates implicit the past six months.

• Barclays downgraded Sunnova Energy (NOVA) to Equal Weight from Overweight with a terms people of $1, down from $9. The steadfast says the company's liquidity issues render it hard to run the concern this twelvemonth owed to the assorted requirements connected the antithetic recognition facilities.

• Morgan Stanley downgraded Tandem Diabetes (TNDM) to Equal Weight from Overweight with a terms people of $22, down from $45. The steadfast was "surprised" by Tandem's "underwhelming" guidance calling for lone mid-single digit maturation connected the topline and successful U.S. caller diligent shipments with seemingly precise little, if any, publication from Type 2 statement enlargement and pharmacy access.