Investment Bank Ratings & Recommendations
Report Date: 2026-02-04
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
INTC
Intel Corporation
↑ Upgrade
Goldman Sachs • Toshiya Hari 📅 2026-02-03
Neutral → Buy
Old PT 45.00
New PT 58.00
Current 49.25
17.8%
Foundry business inflection point with 18A node wins and government subsidies materializing
XLE
Energy Select Sector SPDR
↑ Upgrade
JPMorgan • Christyan Malek 📅 2026-02-02
Neutral → Overweight
Old PT 48.00
New PT 56.00
Current 51.67
8.4%
Geopolitical tensions driving energy security premium and capex discipline paying off
XLP
Consumer Staples Select Sector SPDR
↑ Upgrade
Morgan Stanley • Dara Mohsenian 📅 2026-01-31
Equal Weight → Overweight
Old PT 82.00
New PT 92.00
Current 85.87
7.1%
Defensive rotation as growth concerns mount and margins stabilize
XLU
Utilities Select Sector SPDR
↑ Upgrade
UBS • Michael Weinstein 📅 2026-02-01
Neutral → Buy
Old PT 41.00
New PT 48.00
Current 43.24
11.0%
AI data center power demand creating multi-year earnings tailwind
XLB
Materials Select Sector SPDR
↑ Upgrade
Bank of America • Timna Tanners 📅 2026-01-30
Underweight → Neutral
Old PT 46.00
New PT 52.00
Current 50.70
2.6%
China stimulus measures beginning to show through in commodity demand
📉 Notable Downgrades 5 calls
NVDA
NVIDIA Corporation
↓ Downgrade
Bernstein • Stacy Rasgon 📅 2026-02-04
Outperform → Market Perform
Old PT 220.00
New PT 185.00
Current 180.34
-2.5%
AI capex pause as enterprises digest existing investments and competition intensifies
CRM
Salesforce, Inc.
↓ Downgrade
Jefferies • Samad Samana 📅 2026-02-03
Buy → Hold
Old PT 240.00
New PT 200.00
Current 196.38
-1.8%
Enterprise software spending slowdown and AI cannibalization concerns
ADBE
Adobe Inc.
↓ Downgrade
Wells Fargo • Michael Turrin 📅 2026-02-02
Overweight → Equal Weight
Old PT 320.00
New PT 280.00
Current 271.93
-3.0%
Generative AI commoditizing creative tools and subscription fatigue
NFLX
Netflix, Inc.
↓ Downgrade
Citigroup • Jason Bazinet 📅 2026-01-31
Buy → Neutral
Old PT 95.00
New PT 82.00
Current 79.94
-2.6%
Streaming market saturation and password sharing crackdown fatigue
ORCL
Oracle Corporation
↓ Downgrade
RBC Capital • Rishi Jaluria 📅 2026-01-29
Outperform → Sector Perform
Old PT 180.00
New PT 160.00
Current 154.67
-3.4%
Cloud infrastructure competition intensifying and growth rates normalizing
⚖️ Sector Weight Changes 4 changes
Goldman Sachs 📅 2026-02-03
Energy
↑ UPGRADED
Underweight → Neutral
Geopolitical risk premium and supply constraints supporting prices
Top Picks
XOMCVXCOP
Avoid
OXY
Morgan Stanley 📅 2026-02-01
Technology
↓ DOWNGRADED
Overweight → Neutral
Valuation concerns and AI investment pause creating headwinds
Top Picks
AAPLMSFT
Avoid
NVDA
JPMorgan 📅 2026-01-30
Utilities
↑ UPGRADED
Neutral → Overweight
AI data center power demand creating multi-year growth cycle
Top Picks
NEESODUK
Avoid
AEP
Bank of America 📅 2026-02-02
Consumer Staples
↑ UPGRADED
Underweight → Neutral
Defensive positioning as growth concerns mount
Top Picks
PGKOWMT
Avoid
CPB
🎯 Thematic Calls 4 themes
AI Infrastructure Buildout Phase 2
Goldman Sachs 📅 2026-01-28
BULLISH
Transition from model training to inference infrastructure driving power, cooling, and networking investments
Beneficiaries
NEEAMTDLR
At Risk
NVDA
Timeframe: 18-24 months | Conviction: HIGH
Energy Security Premium
Morgan Stanley 📅 2026-02-01
BULLISH
Geopolitical tensions creating structural shift toward energy independence
Beneficiaries
XOMCVXLNG
At Risk
TSLA
Timeframe: 12-18 months | Conviction: HIGH
Defensive Rotation
JPMorgan 📅 2026-01-31
BULLISH
Growth slowdown concerns driving rotation to defensive sectors
Beneficiaries
XLPXLUJNJ
At Risk
XLK
Timeframe: 6-12 months | Conviction: MEDIUM
Small Cap Revival
UBS 📅 2026-01-29
BULLISH
Domestic focus and lower valuations creating opportunity as Fed turns dovish
Beneficiaries
IWMVTIIJR
At Risk
QQQ
Timeframe: 12-18 months | Conviction: MEDIUM
🌍 Market Allocation
No allocation data
💡 Actionable Ideas 0 ideas
No actionable ideas