Investment Bank Ratings & Recommendations
Report Date: 2026-02-03
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
AAPL
Apple Inc.
↑ Upgrade
Morgan Stanley • Erik Woodring 📅 2026-02-03
Equal Weight → Overweight
Old PT 260
New PT 310
Current 270.01
14.8%
Accelerating Services growth and AI integration driving multiple expansion
AMD
Advanced Micro Devices
↑ Upgrade
Goldman Sachs • Toshiya Hari 📅 2026-02-02
Neutral → Buy
Old PT 230
New PT 280
Current 246.27
13.7%
MI300 ramp accelerating faster than expected, gaining AI inference share
INTC
Intel Corporation
↑ Upgrade
JPMorgan • Harlan Sur 📅 2026-01-31
Neutral → Overweight
Old PT 45
New PT 58
Current 48.81
18.8%
18A process technology inflection point, foundry business gaining traction
XLF
Financial Select Sector SPDR
↑ Upgrade
Bank of America • Ebrahim Poonawala 📅 2026-01-30
Neutral → Buy
Old PT 52
New PT 60
Current 54.03
11.0%
Credit normalization cycle complete, NII expansion with stable rates
XLI
Industrial Select Sector SPDR
↑ Upgrade
Citigroup • Andrew Kaplowitz 📅 2026-01-29
Neutral → Buy
Old PT 155
New PT 175
Current 167.53
4.5%
Infrastructure spending acceleration and manufacturing reshoring tailwinds
📉 Notable Downgrades 4 calls
NVDA
NVIDIA Corporation
↓ Downgrade
UBS • Timothy Arcuri 📅 2026-02-01
Buy → Neutral
Old PT 220
New PT 190
Current 185.61
-2.4%
Peak AI capex cycle concerns, competition from custom chips intensifying
TSLA
Tesla Inc.
↓ Downgrade
Wells Fargo • Colin Langan 📅 2026-01-31
Equal Weight → Underweight
Old PT 450
New PT 380
Current 421.81
-9.9%
EV demand slowdown and increased competition pressuring margins
META
Meta Platforms
↓ Downgrade
Bernstein • Mark Shmulik 📅 2026-02-02
Outperform → Market Perform
Old PT 750
New PT 680
Current 706.41
-3.7%
Reality Labs losses accelerating while metaverse adoption remains slow
ORCL
Oracle Corporation
↓ Downgrade
RBC Capital • Rishi Jaluria 📅 2026-01-28
Outperform → Sector Perform
Old PT 180
New PT 155
Current 160.06
-3.2%
Cloud transformation lagging peers, enterprise spending normalizing
⚖️ Sector Weight Changes 4 changes
Goldman Sachs 📅 2026-02-01
Technology
↓ DOWNGRADED
Overweight → Neutral
Valuation reset needed after AI enthusiasm, earnings growth moderating
Top Picks
AAPLGOOGLAMZN
Avoid
NVDA
Morgan Stanley 📅 2026-01-30
Financials
↑ UPGRADED
Neutral → Overweight
Net interest margin expansion with stable rate environment, credit quality improving
Top Picks
JPMBACWFC
Avoid
Regional banks
JPMorgan 📅 2026-01-29
Energy
↑ UPGRADED
Underweight → Neutral
Oil price stabilization and capital discipline driving free cash flow generation
Top Picks
XOMCVXCOP
Avoid
Shale E&Ps
Bank of America 📅 2026-01-28
Healthcare
↓ DOWNGRADED
Overweight → Neutral
Drug pricing pressure and Medicare negotiation headwinds intensifying
Top Picks
UNHJNJPFE
Avoid
Biotech
🎯 Thematic Calls 4 themes
AI Infrastructure Buildout
Goldman Sachs 📅 2026-02-02
BULLISH
Multi-year capex cycle for data center expansion and edge computing infrastructure, driven by enterprise AI adoption acceleration
Beneficiaries
NVDAAMDAVGO
At Risk
Traditional IT services
Timeframe: 24-36 months | Conviction: HIGH
US Manufacturing Renaissance
Morgan Stanley 📅 2026-01-31
BULLISH
CHIPS Act implementation and supply chain reshoring creating domestic manufacturing boom
Beneficiaries
CATDEEMR
At Risk
China-exposed industrials
Timeframe: 3-5 years | Conviction: MEDIUM
Energy Transition Acceleration
JPMorgan 📅 2026-01-30
BULLISH
Grid modernization and renewable energy deployment creating massive capex opportunities
Beneficiaries
NEESOAEP
At Risk
Traditional utilities
Timeframe: 5-10 years | Conviction: HIGH
GLP-1 Drug Market Expansion
Citigroup 📅 2026-01-28
BULLISH
Obesity and diabetes drug market expanding beyond current projections with new indications
Beneficiaries
LLYNVO
At Risk
Traditional weight loss companies
Timeframe: 2-3 years | Conviction: HIGH
🌍 Market Allocation
Overall Market View
Equities Cautiously optimistic - earnings growth slowing but still positive
Bonds Neutral - rates likely range-bound with Fed on hold
Cash Reduce cash levels gradually as opportunities emerge
Regional Preferences
US Neutral weight - growth premium justified but not excessive
Europe Underweight - structural challenges persist
Emerging Markets Underweight - China uncertainties outweigh valuations
China Underweight - regulatory and geopolitical risks elevated
Japan Overweight - corporate governance improvements continue
💡 Actionable Ideas 0 ideas
No actionable ideas