Wall Street’s top analyst calls

The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly.

Top 5 Upgrades:

• Gordon Haskett upgraded Dollar General (DG) to Buy from Accumulate with a $140 price target. The company’s traffic growth “stands out” when compared to Dollar Tree’s (DLTR), the firm tells investors in a research note.

• Wells Fargo upgraded Unity (U) to Overweight from Equal Weight with a price target of $51, up from $42. The firm is constructive on the mobile game advertising industry in 2026.

• Jefferies upgraded Humana (HUM) to Buy from Hold with a price target of $313, up from $253. The firm upped the company’s earnings estimates for 2026 and 2027 following an analysis of Humana’s Stars diversification effort.

• Oppenheimer upgraded Corpay (CPAY) to Outperform from Perform with a $380 price target. The firm says the shares at current levels offer “growth at a discount.”

• William Blair upgraded Rubrik (RBRK) to Outperform from Market Perform. The company reported “stellar beat-and-raise results” amid ongoing share gains in the cyber-resilience market, the firm tells investors in a research note.

Top 5 Downgrades:

• Lake Street downgraded Argan (AGX) to Hold from Buy with a price target of $325, up from $260. Argan is executing well with strong margins and a $3B backlog that provides visibility for the next two to three years, but shares are trading at a “top-tier valuation on peak estimates” that reflect strong execution, increased margins, and full activity on its current pipeline, the firm tells investors.

• Barclays downgraded AIG (AIG) to Equal Weight from Overweight with a price target of $88, down from $95. The firm sees limited attractive growth opportunities for AIG in the current pricing environment.

• Baird downgraded Synchrony (SYF) to Neutral from Outperform with an unchanged price target of $82. While Synchrony is a high-quality bank, its lower end consumer exposure “makes it tough to chase” the shares after the recent rally, the firm tells investors in a research note.

• Raymond James double downgraded Parsons (PSN) to Market Perform from Strong Buy without a price target following the Federal Aviation Administration’s decision to award the $12.5B “Brand New Air Traffic Control System” prime integrator role to Peraton.

• BofA double downgraded Kosmos (KOS) to Underperform from Buy with a price target of $1, down from $3.40. The firm downgraded the shares after cutting its brent oil price forecasts for 2026 and 2027 to $60 and $62 per barrel, respectively.