Adobe downgraded, Nio upgraded: Wall Street’s top analyst calls

Core Viewpoint - The article highlights significant upgrades in stock ratings from various financial institutions, indicating positive market sentiment and potential growth for the companies mentioned [1]. Group 1: Upgrades - HSBC upgraded Nio (NIO) to Buy from Hold with a price target of $6.80, increased from $4.80, citing improved visibility and stronger conviction in Nio's 2026 volume growth and earnings trajectory following the Q4 report [1]. - Wells Fargo upgraded Ollie's Bargain Outlet (OLLI) to Overweight from Equal Weight with a price target of $130, up from $120, driven by a positive Q4 update and ongoing momentum in Ollie's story [1]. - Wells Fargo also upgraded Nutrien (NTR) to Overweight from Equal Weight with a price target of $100, increased from $77, due to anticipated pricing upside across several chemical chains influenced by the conflict in Iran [1]. - JPMorgan upgraded Alcoa (AA) to Neutral from Underweight with a price target of $68, up from $50, noting a 12% rally in aluminum prices since the onset of the conflict in Iran due to regional supply risks [1]. - Barclays upgraded Murphy Oil (MUR) to Equal Weight from Underweight with a price target of $33, raised from $29, as the firm increased 2026 oil price estimates due to the Iran war and recognized underappreciated cash flow tailwinds for the exploration and production sector [1].