Alphabet upgraded, Micron initiated: Wall Street's top analyst calls

Upgrades - Citi upgraded Enphase Energy (ENPH) to Neutral from Sell with a price target of $37, up from $31, citing limited downside risk in the shares [2] - TD Cowen upgraded Capri Holdings (CPRI) to Buy from Hold with a price target of $32, up from $26, expecting substantial operating margin expansion due to a sharper price point strategy and desirable styles [2] - Stifel upgraded Datadog (DDOG) to Buy from Hold with a price target of $160, down from $205, anticipating a larger than typical quarterly beat in Q4 driven by accelerating core growth [3] - BNP Paribas upgraded Texas Instruments (TXN) to Neutral from Underperform with a price target of $190, noting the ongoing industrial restocking [3] - Raymond James upgraded Alphabet (GOOGL) to Strong Buy from Outperform with a price target of $400, up from $315, based on a revised analysis of Google Cloud Platform and Search, leading to higher revenue estimates for 2026-2027 [4] Downgrades - KeyBanc downgraded Crocs (CROX) to Sector Weight from Overweight, indicating challenges in U.S. demand and limited visibility due to wholesale caution and tariff headwinds [5] - Evercore ISI downgraded Hyatt (H) to In Line from Outperform with a price target of $175, up from $170, stating that the risk/reward feels more balanced at current levels despite expected industry RevPAR improvement [5] - Piper Sandler downgraded Zoetis (ZTS) to Neutral from Overweight with a price target of $135, down from $190, expressing concerns over estimates until new innovations are seen in the market [5] - Jefferies downgraded Chemed (CHE) to Hold from Buy with a price target of $475, down from $550, citing persistent margin headwinds and limited visibility into improvement [5] - Deutsche Bank downgraded Qiagen (QGEN) to Hold from Buy with a price target of $54, up from $52, stating that shares are now fairly valued after rallying on takeover headlines [5]