Investment Bank Ratings & Recommendations
Report Date: 2025-12-31
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
INTC
Intel Corporation
↑ Upgrade
Bank of America • Vivek Arya 📅 2025-12-30
Neutral → Buy
Old PT 35.00
New PT 42.00
Current 37.30
12.6%
Foundry business gaining traction with AWS partnership, AI PC cycle beginning
ORCL
Oracle Corporation
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Jefferies • Brent Thill 📅 2025-12-27
Hold → Buy
Old PT 185.00
New PT 215.00
Current 197.21
9.0%
Cloud infrastructure acceleration driven by AI workloads
XLE
Energy Select SPDR
↑ Upgrade
Goldman Sachs • Neil Mehta 📅 2025-12-26
Neutral → Overweight
Old PT 44.00
New PT 48.00
Current 44.96
6.8%
Oil price floor at $70 with disciplined capital allocation
META
Meta Platforms Inc.
↑ Upgrade
Morgan Stanley • Brian Nowak 📅 2025-12-30
Equal Weight → Overweight
Old PT 650.00
New PT 750.00
Current 665.95
12.6%
AI-driven ad targeting improvements and Reality Labs inflection
XLF
Financial Select SPDR
↑ Upgrade
JPMorgan • Steven Chubak 📅 2025-12-28
Neutral → Overweight
Old PT 54.00
New PT 58.00
Current 55.18
5.1%
Net interest margin expansion with stable credit quality
📉 Notable Downgrades 4 calls
TSLA
Tesla Inc.
↓ Downgrade
UBS • Joseph Spak 📅 2025-12-29
Neutral → Sell
Old PT 420.00
New PT 380.00
Current 454.43
-16.4%
EV demand softening globally, increased competition from Chinese OEMs
CRM
Salesforce Inc.
↓ Downgrade
Wells Fargo • Michael Turrin 📅 2025-12-27
Overweight → Equal Weight
Old PT 320.00
New PT 270.00
Current 265.92
-1.5%
Enterprise software spending deceleration in challenging macro environment
NFLX
Netflix Inc.
↓ Downgrade
Barclays • Kannan Venkateshwar 📅 2025-12-26
Overweight → Equal Weight
Old PT 120.00
New PT 95.00
Current 93.78
-1.3%
Subscriber growth saturation in core markets
AMD
Advanced Micro Devices
↓ Downgrade
Mizuho • Jordan Klein 📅 2025-12-30
Buy → Neutral
Old PT 250.00
New PT 210.00
Current 215.34
-2.5%
Data center GPU competition from NVIDIA intensifying
⚖️ Sector Weight Changes 4 changes
Goldman Sachs 📅 2025-12-28
Technology
↑ UPGRADED
Neutral → Overweight
AI infrastructure buildout entering next phase of acceleration
Top Picks
NVDAMSFTGOOGL
Avoid
ADBE
Morgan Stanley 📅 2025-12-27
Energy
↑ UPGRADED
Underweight → Equal Weight
Oil demand stabilizing at $70+ with supply discipline
Top Picks
XOMCVXCOP
Avoid
SLB
JPMorgan 📅 2025-12-30
Financials
↑ UPGRADED
Equal Weight → Overweight
Rate environment stabilizing with credit quality improvement
Top Picks
JPMBACWFC
Avoid
MS
Citi 📅 2025-12-26
Consumer Discretionary
↓ DOWNGRADED
Overweight → Underweight
Consumer spending shift to services from goods continues
Top Picks
AMZN
Avoid
TSLANKE
🎯 Thematic Calls 3 themes
AI Infrastructure 2.0
Bank of America 📅 2025-12-28
BULLISH
Enterprise AI adoption moving from pilot to production, driving infrastructure demand beyond hyperscalers
Beneficiaries
NVDAAMDINTCORCL
At Risk
Traditional software without AI integration
Timeframe: 12-18 months | Conviction: HIGH
Energy Transition Pragmatism
Goldman Sachs 📅 2025-12-30
BULLISH
Balanced energy approach with oil/gas bridging to renewables creating investment opportunities
Beneficiaries
XLEXOMFSLRENPH
At Risk
Pure-play coal companies
Timeframe: 24 months | Conviction: MEDIUM
Reshoring Renaissance
Morgan Stanley 📅 2025-12-29
BULLISH
Supply chain localization and CHIPS Act driving manufacturing investment in US
Beneficiaries
INTCTSMXLICAT
At Risk
Pure China exposure plays
Timeframe: 36 months | Conviction: MEDIUM
🌍 Market Allocation
Overall Market View
Equities Cautiously optimistic - selectivity key with earnings growth divergence
Bonds Neutral duration with focus on credit quality
Cash 5-10% tactical cash for opportunities
Regional Preferences
US Overweight - AI leadership and energy independence
Europe Underweight - structural challenges remain
Emerging Markets Neutral - selective opportunities
China Underweight - regulatory overhang continues
Japan Equal Weight - corporate governance improvements
Style Preferences
Growth Vs Value Quality Growth favored over deep value
Large Vs Small Large Cap preferred - execution capability matters
Cyclical Vs Defensive Selective cyclicals in energy, financials
💡 Actionable Ideas 1 ideas
Long NVDA/Short AMD pair trade
NVDA's data center dominance vs AMD's competitive struggles in AI chips
Supported by: Goldman Sachs, Morgan Stanley
⚠️ Risk: Broader semiconductor sector rotation