Wall Street Analyst Ratings Update: Nvidia, Apple, and Becton Dickinson Among Key Moves
Major financial institutions issued several significant rating changes on Friday, reflecting diverse sentiment across the technology, healthcare, and consumer sectors. Notable upgrades include Wells Fargo's move on Becton Dickinson (BDX) due to expected growth upside, and JPMorgan's upgrade of lithium miner SQM following an anticipated earnings reset. In the tech sector, Bank of America reiterated a Buy rating for Nvidia (NVDA), labeling it 'best of breed' despite potential power access concerns. Conversely, some companies faced downgrades as analysts adjusted to shifting growth trajectories. Bank of America downgraded TripAdvisor (TRIP) to Underperform citing executive departures and slowing revenue, while Wells Fargo moved Molson Coors (TAP) to Underweight due to earnings risks. Apple (AAPL) also saw a price target increase from Daiwa, though the firm cautioned about upcoming headwinds in 2027.