On June 23, 2026, several notable analyst calls were made on Wall Street, reflecting changing perspectives on various companies. JPMorgan upgraded IBM to overweight, citing expectations for software acceleration in the second half of 2026. Morgan Stanley also upgraded Qiagen, anticipating AI-driven growth in the medtech sector.
Baird maintained an outperform rating on Tesla, suggesting a potential merger with SpaceX could occur soon. Deutsche Bank initiated coverage of Smurfit Westrock with a buy rating, emphasizing its high-margin business model. Citi upgraded American Health Care REIT, viewing its underperformance as an attractive entry point.
Analysts from Jefferies and Evercore ISI initiated coverage on companies like FedEx Freight and Permian Resources, respectively, both expecting significant upside potential. Conversely, Wolfe downgraded Home Depot, citing choppy demand and strategic shifts that may impact earnings.
Overall, these calls reflect a mix of optimism and caution across different sectors, providing investors with insights into potential market movements