Boeing upgraded, Under Armour downgraded: Wall Street's top analyst calls

Boeing upgraded, Under Armour downgraded: Wall Street's top analyst calls

Tue, August 11, 2026 at 4:38 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:

• Argus upgraded Boeing (BA) to Buy from Hold with a $265 price target. The firm believes the company has "superior" long-term prospects due to its leading presence in the growing commercial aerospace industry.

• Truist upgraded Best Buy (BBY) to Buy from Hold with a price target of $95, up from $81. The firm's credit card reads are positive for Best Buy's Q2 report

• Argus upgraded Centene (CNC) to Buy from Hold with an $80 price target. The company appears positioned to reach its prior margin targets over the next few years as Medicaid margins bottom and higher premiums for Marketplace and Medicare Advantage policies restore profitability to these businesses, the firm tells investors in a research note.

• UBS upgraded Jabil (JBL) to Buy from Neutral with an unchanged price target of $430. The firm sees a multiyear growth cycle for the company, driven by AI investment from Amazon (AMZN), Meta (META), and Google (GOOGL), rising healthcare demand as capacity comes online, and scaling automation and robotics markets.

• Citi upgraded Agilon Health (AGL) to Neutral from Sell with a price target of $115, up from $105. Agilon's execution is driving better than expected risk score performance and favorable cost trends, the firm tells investors in a research note. Citi upgraded Evolent Health (EVH) to Buy from Neutral with a price target of $6, down from $6.75.

Top 5 Downgrades:

• BofA downgraded AppLovin (APP) to Neutral from Buy with a price target of $400, down from $430. The risks to AppLovin's articulated 30% year-over-year long-term revenue growth forecast have increased and innovations in support of 30% growth are also riskier, the firm tells investors.

• Phillip Securities downgraded Airbnb (ABNB) to Reduce from Neutral with a price target of $158, up from $136. Asia-Pacific and Latin America are growing at two-times the rate of Airbnb's mature markets but are too small to offset the slowdown, leaving company sales growth hinged on North America, the firm tells investors in a research note.

• Cantor Fitzgerald downgraded Monday.com (MNDY) to Neutral from Overweight with a price target of $90, down from $112. Monday.com delivered a strong Q2 beat with accelerating AI adoption and enterprise momentum, but declining net new annual recurring revenue and weaker new-product KPIs keep the focus on whether increased GTM and AI investment can drive a sustainable growth reacceleration before shares re-rate, the firm tells investors in a research note. Wolfe Research also downgraded Monday.com to Peer Perform from Outperform without a price target.

• Citi downgraded Allstate (ALL) to Sell from Neutral with a price target of $240, up from $226. Citi believes the company is "significantly over-earning today," making it cautious that Allstate's growth can improve from here.

• Barclays downgraded Under Armour (UAA) to Underweight from Equal Weight with an unchanged price target of $5. The firm cites the company's "delayed brand recovery" in a competitive athletic sector for the downgrade.

Top 5 Initiations:

• Goldman Sachs initiated coverage of Autodesk (ADSK) with a Neutral rating and $260 price target. The firm believes AI has the potential to strengthen the company's platform and deepen its role within customer workflows over time, but argues that the magnitude of the opportunity, path to monetization, and broader implications for design software remain uncertain.

• Scotiabank resumed coverage of Celestica (CLS) with an Outperform rating and $500 price target. Given Celestica's role as a co-design partner, rather than a traditional contract manufacturer, and its growing exposure to Ethernet-based AI fabrics, the firm views the stock as "a differentiated way" to gain exposure to AI infrastructure through its positions in hyperscaler networking and custom-compute systems.

• Baird initiated coverage of First Solar (FSLR) with an Outperform rating with a price target of $318, up from $205. The company will benefit from a strong utility scale market while the Section 232 tariffs remove an overhang for bookings to resume, the firm tells investors in a research note.

• UBS initiated coverage of Lincoln Electric (LECO) with a Buy rating and $340 price target. As a leading provider of welding supplies and solutions, Lincoln Electric is well positioned for the emerging industrial growth cycle, says the firm, which growth forecasts are above consensus.

• Bernstein initiated coverage of PDF Solutions (PDFS) with an Outperform rating and $65 price target. The shares deserve a premium valuation given the company's unique positioning within the semiconductor industry and exposure to structural drivers, the firm tells investors in a research note.