Lyft downgraded, Trip.com upgraded: Wall Street's top analyst calls

Lyft downgraded, Trip.com upgraded: Wall Street's top analyst calls

Thu, September 17, 2026 at 4:47 PM GMT+3 4 min read

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:

• Citizens upgraded J.B. Hunt (JBHT) to Outperform from Market Perform with a $300 price target, suggesting 28% upside. The 18% pullback since J.B. Hunt's "strong" Q2 earnings release in July brings the shares to a more attractive level, the firm says.

• Goldman Sachs upgraded Sunbelt Rentals (SUNB) to Buy from Neutral with a price target of $93, up from $78. The firm cites the company's strong Q1 results that saw Sunbelt deliver results ahead of consensus and raise its FY27 outlook.

• Macquarie upgraded Trip.com (TCOM) to Outperform from Neutral with a price target of $53.20, up from $44.30. The company's fiscal Q2 earnings exceeded expectations for lower spending despite soft domestic demand, the firm tells investors in a research note.

• Citi upgraded Haemonetics (HAE) to Buy from Neutral with a price target of $123, up from $92. The firm cites potential upside from the company's non-exclusive supply agreement with CSL for the upgrade.

• BofA upgraded HawkEye 360 (HAWK) to Buy from Neutral with a price target of $23, down from $34. Space and defense tech peers have sold off in recent weeks, while the firm argues that HawkEye's Q2 results demonstrated strong growth and its $292M backlog provides visibility to 2026 targets.

Top 5 Downgrades:

• Guggenheim downgraded Lyft (LYFT) to Neutral from Buy with a price target of $16, down from $22, driven by lower second half of 2027 volume forecasts coupled with what it sees as a "limited catalyst path ahead."

• Bernstein analyst downgraded Palo Alto Networks (PAWN), Okta (OKTA), and SentinelOne (S) to Market Perform from Outperform with a price target of $174, up from $143. The firm says cybersecurity sentiment has turned positive, noting that many of its covered names have doubled since early 2026 and crowding scores have surged, prompting the firm to lift its price target regression multiple while acknowledging that stocks it once viewed as "too cheap" now look fairly valued.

• Citi downgraded Boston Scientific (BSX) to Neutral from Buy with a price target of $50, down from $57. The company faces a "more mature" U.S. pulsed field ablation market with increased competition along with a "stagnating" left atrial appendage closure market, the firm tells investors in a research note.

• HSBC downgraded Copart (CPRT) to Hold from Buy with a $36 price target. The company's outlook "looks increasingly challenging" after its fiscal Q4 saw a return to sharp declines in U.S. insurance volumes versus competitor RB Global, the firm tells investors in a research note.

• JPMorgan downgraded Pegasystems (PEGA) to Neutral from Overweight with a price target of $47, down from $54. The company's non-deal roadshow brought limited near-term positives, the firm tells investors in a research note.

Top 5 Initiations:

• RBC Capital initiated coverage of Kraft Heinz (KHC) with an Outperform rating and $32 price target. The company is undergoing "real change" that will fully manifest in 2027, the firm tells investors in a research note.

• Susquehanna initiated coverage of Honeywell Aerospace (HON) with a Positive rating and $190 price target. The firm argues that Honeywell Aerospace offers attractive revenue growth and margin expansion potential through the end of the decade.

• Morgan Stanley initiated coverage of SiTime (SITM) with an Overweight rating and $370 price target. The firm says the opportunity in timing continues to expand.

• Deutsche Bank resumed coverage of VF Corp. (VFC) with a Hold rating and $14 price target. The firm thinks a more meaningful multiple stock re-rating will require all three of VF's largest brands, The North Face, Timberland, and Vans, to "execute simultaneously with durable growth over a multi-year period."

• Barclays reinstated coverage of Warner Bros. Discovery (WBD) with an Equal Weight rating and Paramount Skydance (PSKY) with an Underweight. The Paramount-Warner merger can create "growth optionality" in streaming and studios, but executing on this while being "straitjacketed by synergy and deleveraging goals is likely to be difficult," the firm says.