Palantir upgraded, Best Buy downgraded: Wall Street's top analyst calls

Upgrades - JPMorgan upgraded Church & Dwight (CHD) to Neutral from Underweight with a price target of $100, up from $92, citing better sales growth from the reshaped portfolio [2] - JPMorgan upgraded Autodesk (ADSK) to Overweight from Neutral with an unchanged price target of $319, due to a shift in conviction driven by diverging fundamentals in the software-as-service landscape [2] - BTIG upgraded McDonald's (MCD) to Buy from Neutral with a price target of $360, indicating that franchise checks suggest a successful value/promotions strategy driving consistent traffic growth [3] - William Blair upgraded Palantir (PLTR) to Outperform from Market Perform without a price target, citing valuation after a 30% selloff [3] - Arete upgraded Shopify (SHOP) to Buy from Neutral with a price target of $175, up from $166, noting an attractive valuation following recent share weakness [4] Downgrades - JPMorgan downgraded Best Buy (BBY) to Neutral from Overweight with a price target of $76, down from $99, anticipating a tough Q4 report [5] - Leerink downgraded BioNTech (BNTX) to Market Perform from Outperform with a price target of $113, up from $112, citing a lack of meaningful data readouts until 2027 or later [5] - Scotiabank downgraded Fortinet (FTNT) to Sector Perform from Outperform with an unchanged price target of $85, expressing reduced optimism based on quantitative analysis and recent checks [5] - HSBC downgraded Chevron (CVX) to Hold from Buy with a price target of $180, up from $169, citing valuation concerns following the stock's year-to-date rally [5] - Morgan Stanley downgraded Humana (HUM) to Underweight from Equal Weight with a price target of $174, down from $262, indicating that the company's 2026 bid strategy and policy risk may hinder margin turnaround [5]