Published on 18 Oct 2023 on The Fly via Yahoo Finance

Arm initiated, SQM downgraded: 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:

Jefferies upgraded Elastic (ESTC) to Buy from Hold with a price target of $100, up from $75. The company has posted "two solid quarters of execution" and its revenue is accelerating heading into fiscal 2025, the firm tells investors in a research note.Mizuho upgraded Hudson Pacific (HPP) to Neutral from Underperform with a price target of $7, down from $10. The firm sees a more balanced risk/reward for Hudson Pacific with several negatives, like tenant move-outs, an uncertain Studio business trajectory and financial covenant concerns balanced by potential improvement in San Francisco fundamentals progress on the actors' strike during the next 3-6 months several actions to shore up the balance sheet.JPMorgan upgraded Editas Medicine (EDIT) to Neutral from Underweight with an $8 price target. The firm believes Editas' share downside is "relatively protected at this valuation."Janney Montgomery Scott upgraded FB Financial (FBK) to Buy from Neutral with a fair value estimate of $35.50, up from $34, citing improved profitability, its "demographically appealing Tennessee-based footprint" and what the firm views as "an attractive valuation."BofA upgraded Dow Inc. (DOW) to Neutral from Underperform with a price target of $59, up from $55. The firm also upgraded Huntsman (HUN) to Buy from Underperform and LyondellBasell (LYB) to Neutral from Underperform.