Roblox downgraded, Lululemon upgraded: Wall Street's top analyst calls

Upgrades - Deutsche Bank upgraded Allegiant Travel (ALGT) to Buy from Hold with a price target of $105, citing a balanced domestic supply backdrop and a motivated low-fare sector for positive returns in 2026 [2] - Guggenheim upgraded Bristol Myers (BMY) to Buy from Neutral with a price target of $62, indicating a compelling value-oriented and pipeline-driven risk/reward ahead of 2026 [3] - JPMorgan upgraded Citi (C) to Overweight from Neutral with a price target of $124, up from $107, expecting Citi to benefit more than peers from a solid economy and strong market activity in 2026 [3] - UBS upgraded American Airlines (AAL) to Buy from Neutral with a price target of $20, up from $14, noting the market's underappreciation of American's profit expansion opportunities as corporate revenues recover [4] - Jefferies upgraded Lululemon (LULU) to Hold from Underperform with a price target of $170, up from $120, viewing the pending CEO departure as a positive development [5] Downgrades - JPMorgan downgraded Roblox (RBLX) to Neutral from Overweight with a price target of $100, down from $145, due to anticipated engagement headwinds and slowing bookings growth in 2026 [6] - Baird downgraded PayPal (PYPL) to Neutral from Outperform with a price target of $66, down from $83, citing uneven transaction volumes and uncertain timing for platform improvements [6] - Stifel downgraded RH (RH) to Hold from Buy with a price target of $165, down from $320, as the company reduced its fiscal 2025 revenue and EBITDA guidance, indicating slowing demand [6] - Northland downgraded Ciena (CIEN) to Market Perform from Outperform with a price target of $190, suggesting that FY26 guidance and upside drivers are already factored into the current valuation [6] - KeyBanc downgraded Veeva (VEEV) to Sector Weight from Overweight, noting that large pharma clients are favoring Salesforce's offering over Veeva's, indicating potential losses for Veeva [6]