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

Group 1: Airline Industry - Citi initiated coverage of United Airlines (UAL) with a Buy rating and a price target of $132, citing a positive setup for airlines with an "elongated mid-cycle" beginning in 2026 [1] - Citi also started coverage of Delta Air Lines (DAL) and American Airlines (AAL) with Buy ratings, while Southwest Airlines (LUV) received a Neutral rating [1] Group 2: Aerospace Industry - Susquehanna initiated coverage of GE Aerospace (GE) with a Positive rating and a price target of $350, highlighting that GE powers three out of every four commercial engine flights globally with an installed base of over 45,000 commercial engines and more than 25,000 military engines, both growing at mid-single digits [1] Group 3: Food Industry - Jefferies resumed coverage of Hershey (HSY) with a Hold rating and a price target of $181, noting that while Hershey has managed cocoa cost pressures through various strategies, the current valuation is near the high end of the stock's ten-year range [1] Group 4: Software Industry - Guggenheim initiated coverage of Monday.com (MNDY) with a Buy rating and a price target of $250, indicating a 64% upside potential as the company transitions to a more sales-led, multi-product and upmarket approach [1] Group 5: Restaurant Industry - Truist initiated coverage of Cava Group (CAVA) with a Buy rating and a price target of $66, stating that Cava is the leading Mediterranean fast-casual concept and is expected to be one of the fastest-growing restaurant chains [1]