Toast upgraded, PayPal downgraded: Wall Street's top analyst calls

Top 5 Initiations: Citi initiated coverage of United Airlines (UAL) with a Buy rating and $132 price target. The firm believes the setup is positive for the airlines with an "elongated mid-cycle" beginning in 2026. Citi also started Delta Air Lines (DAL) and American Airlines (AAL) with Buy ratings, and Southwest (LUV) with a Neutral rating. Susquehanna initiated coverage of GE Aerospace (GE) with a Positive rating and $350 price target. Between its own engines and those from its CFM International 50-50 ...