Netflix resumed, Starbucks downgraded: Wall Street's top analyst calls

Upgrades - TD Cowen upgraded Iqvia (IQV) to Buy from Hold with a price target of $213, increased from $174, citing no expected revenue headwinds from AI [2] - Wolfe Research upgraded Brinker (EAT) to Outperform from Peer Perform with a price target of $184, noting that the Chili's unit has "earned value credibility" and traffic has outperformed [2] - Scotiabank upgraded Verizon (VZ) to Outperform from Sector Perform with a price target of $54.50, up from $50.25, after positive management meetings indicating strong momentum in subscriber loading and cost improvements [3] - Argus upgraded AutoZone (AZO) to Buy from Hold with a price target of $4,325, driven by expectations of positive year-over-year profit growth starting in Q3 after two quarters of negative earnings growth [4] - Rothschild & Co Redburn upgraded GE Vernova (GEV) to Buy from Sell with a price target of $1,100, up from $560, due to stronger than expected demand and margins in power and utilities [4] Downgrades - Wolfe Research downgraded Starbucks (SBUX) to Peer Perform from Outperform without a price target, indicating a need for evidence of sustained execution despite emerging positive signs [5] - William Blair downgraded Talkspace (TALK) to Market Perform from Outperform without a price target, following the announcement of its acquisition by Universal Health Services (UHS) for $5.25 per share, totaling $835 million [5] - TD Cowen downgraded Western Alliance (WAL) to Hold from Buy with a price target of $83, citing decreased investor tolerance for future credit events despite idiosyncratic exposures [5] - Bernstein downgraded Brown-Forman (BF.B) to Market Perform from Outperform with a price target of $29, down from $37.50, due to anticipated margin pressures from rising costs of barreled whiskey [5] - Citizens downgraded Marriott Vacations (VAC) to Market Perform from Outperform without a price target, suggesting the board should have considered strategic alternatives given a 60% stock decline over the previous CEO's tenure [5]