Investment Bank Ratings & Recommendations
Report Date: 2026-01-04
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
AMD
Advanced Micro Devices, Inc.
↑ Upgrade
Goldman Sachs • Toshiya Hari 📅 2026-01-03
Neutral → Buy
Old PT $200
New PT $280
Current $223.47
25.3%
AI datacenter demand acceleration driving margin expansion
INTC
Intel Corporation
↑ Upgrade
JPMorgan • Harlan Sur 📅 2026-01-02
Underweight → Neutral
Old PT $32
New PT $45
Current $39.38
14.3%
Foundry business showing traction, PC recovery underway
XLE
Energy Select Sector SPDR
↑ Upgrade
Bank of America • Doug Leggate 📅 2025-12-31
Neutral → Buy
Old PT $42
New PT $52
Current $45.65
13.9%
Supply constraints driving oil price recovery into 2026
XLI
Industrial Select Sector SPDR
↑ Upgrade
Morgan Stanley • Josh Pokrzywinski 📅 2026-01-01
Equal Weight → Overweight
Old PT $145
New PT $170
Current $157.98
7.6%
Infrastructure spending cycle entering acceleration phase
ORCL
Oracle Corporation
↑ Upgrade
Citigroup • Tyler Radke 📅 2025-12-30
Neutral → Buy
Old PT $175
New PT $225
Current $195.71
15.0%
Cloud infrastructure demand surge, AI workload optimization
📉 Notable Downgrades 4 calls
CRM
Salesforce, Inc.
↓ Downgrade
Wells Fargo • Michael Turrin 📅 2026-01-04
Overweight → Equal Weight
Old PT $320
New PT $245
Current $253.62
-3.4%
Growth deceleration amid enterprise budget constraints
ADBE
Adobe Inc.
↓ Downgrade
Jefferies • Samad Samana 📅 2026-01-03
Buy → Hold
Old PT $420
New PT $320
Current $333.30
-4.0%
Creative Cloud growth slowing, AI disruption risk rising
NFLX
Netflix, Inc.
↓ Downgrade
UBS • John Hodulik 📅 2026-01-02
Buy → Neutral
Old PT $115
New PT $85
Current $90.99
-6.6%
Streaming market saturation, content cost inflation
XLY
Consumer Discretionary Select Sector
↓ Downgrade
Deutsche Bank • Emmanuel Rosner 📅 2025-12-31
Buy → Hold
Old PT $130
New PT $110
Current $118.35
-7.1%
Consumer spending normalization, margin pressure building
⚖️ Sector Weight Changes 4 changes
Goldman Sachs 📅 2025-12-30
Energy
↑ UPGRADED
Underweight → Neutral
Supply-demand fundamentals improving, geopolitical risk premium
Top Picks
XOMCVXCOP
Avoid
FANG
Morgan Stanley 📅 2026-01-01
Industrials
↑ UPGRADED
Neutral → Overweight
Infrastructure supercycle beginning, reshoring beneficiaries
Top Picks
CATDEHON
Avoid
GE
JPMorgan 📅 2025-12-29
Consumer Discretionary
↓ DOWNGRADED
Neutral → Underweight
Consumer spending normalization, margin compression ahead
Top Picks
COSTHD
Avoid
AMZNTSLA
Bank of America 📅 2026-01-03
Healthcare
↑ UPGRADED
Underweight → Neutral
GLP-1 drugs plateau, M&A activity accelerating
Top Picks
JNJPFEABBV
Avoid
LLY
🎯 Thematic Calls 4 themes
AI Infrastructure 2.0
Goldman Sachs 📅 2026-01-02
BULLISH
Moving beyond GPU bottlenecks to memory, networking, and power infrastructure. Enterprise AI adoption accelerating into production workloads.
Beneficiaries
NVDAAMDMRVLANET
At Risk
INTC
Timeframe: 12-24 months | Conviction: HIGH
Reshoring Manufacturing Renaissance
Morgan Stanley 📅 2025-12-31
BULLISH
Supply chain diversification accelerating, supported by government incentives and corporate risk management priorities.
Beneficiaries
CATDEETNEMR
At Risk
FXI
Timeframe: 24-36 months | Conviction: HIGH
Energy Security Premium
JPMorgan 📅 2026-01-01
BULLISH
Geopolitical tensions driving energy security concerns, favoring domestic production and strategic reserves.
Beneficiaries
XOMCVXOXY
At Risk
TSLArenewable MLPs
Timeframe: 6-18 months | Conviction: MEDIUM
Subscription Economy Saturation
Citigroup 📅 2025-12-28
BEARISH
Consumer subscription fatigue reaching tipping point, driving consolidation and pricing pressure in SaaS.
Beneficiaries
MSFTGOOG
At Risk
NFLXROKUSPOT
Timeframe: 12-18 months | Conviction: MEDIUM
🌍 Market Allocation
Overall Market View
Equities Cautiously Optimistic - selective stock picking environment
Bonds Neutral - yield curve normalization ongoing
Cash Reduce cash positions, deploy selectively
Regional Preferences
US Overweight - AI leadership, reshoring beneficiary
Europe Underweight - structural challenges persist
Emerging Markets Neutral - China recovery offset by India strength
China Underweight - regulatory overhang, growth deceleration
Japan Overweight - corporate reforms, weak yen benefit
Style Preferences
Growth Vs Value Quality Growth preferred - earnings visibility premium
Large Vs Small Large cap bias - liquidity, AI exposure advantages
Cyclical Vs Defensive Selective cyclicals - infrastructure, energy themes
💡 Actionable Ideas 0 ideas
No actionable ideas