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:



UBS upgraded C.H. Robinson (CHRW) to Neutral from Sell with a price target of $90, up from $71. The firm expects the company's initiatives to support cost reduction and improving execution.

Jefferies upgraded Capital One (COF) to Buy from Hold with a price target of $165, up from $145. The firm sees a "win-win" for owning the shares as a standalone company or potentially combined with Discover (DFS) .

Redburn Atlantic upgraded United Airlines (UAL) to Buy from Neutral with a $70 price target. The firm upgraded United on its updated earnings forecast, saying the company's lower capex will drive robust free cash flow generation.

Citi upgraded eBay (EBAY) to Buy from Neutral with a $64 price target after resuming coverage following a period of rating suspension. The firm sees an improved growth outlook and expects a return to margin expansion as well as upside to earnings estimates from share buybacks post the Adevinta sale.

HSBC upgraded Lululemon (LULU) to Buy from Hold with a $425 price target following the Q1 earnings report. The company's fiscal 2024 guidance is broadly unchanged while the recent stock selloff implied the market may have been bracing for some downward revision, the firm tells investors in a research note.

Top 5 Downgrades:



Citi downgraded Dollar Tree (DLTR) to Neutral from Buy with a price target of $120, down from $163. While the Family Dollar turnaround has been on "shaky ground" for several quarters, the decision to explore strategic alternatives shows that management lacks confidence in the fix, signaling more structural issues than previously expected, the firm tells investors in a research note.

MoffettNathanson downgraded Shopify (SHOP) to Neutral from Buy with a price target of $65, down from $74. The firm sees continued downside risks to forecasts given Shopify's "bumpy" road ahead.

Goldman Sachs downgraded Couchbase (BASE) to Sell from Neutral with a price target of $18, down from $30. The firm sees an increasingly competitive landscape "with a seemingly elevated valuation" for Couchbase

DA Davidson downgraded Sprinklr (CXM) to Neutral from Buy with a price target of $9, down from $16. Sprinklr reported a modest beat this quarter but lowered its fiscal 2025 revenue guidance as a result of a softer than expected demand environment which is assumed to be the norm through the rest of the year, the firm tells investors in a research note. Cantor Fitzgerald also downgraded Sprinklr to Neutral from Overweight with a price target of $10, down from $16.