Core Viewpoint - The article highlights significant upgrades in stock ratings from various financial institutions, indicating a positive outlook for several companies following strategic developments and market conditions [2]. Group 1: Upgrades and Price Targets - Piper Sandler upgraded Skyworks (SWKS) to Overweight from Neutral with a price target of $140, increased from $70, due to the merger with Qorvo (QRVO) which is expected to redefine the RF landscape [2]. - Wells Fargo upgraded Sunoco LP (SUN) to Overweight from Equal Weight with a price target of $65, up from $61, based on compelling pro-forma valuation and the impending Parkland merger [2]. - UBS upgraded Victoria's Secret (VSCO) to Buy from Neutral with a price target of $46, raised from $26, suggesting a 32% upside, reflecting increased confidence in the brand repositioning efforts [2]. - Wolfe Research upgraded Edwards Lifesciences (EW) to Peer Perform from Underperform without a price target, believing that risks are unlikely to lead to negative estimate revisions in the near term [2]. - BofA upgraded Spire (SR) to Neutral from Underperform with a price target of $89, up from $76, citing a more favorable regulatory environment and the anticipated closing of the Tennessee gas LDC acquisition [2].
Skyworks upgraded, UnitedHealth downgraded: Wall Street's top analyst calls