Investment Bank Ratings & Recommendations
Report Date: 2026-02-08
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
NVDA
NVIDIA Corporation
↑ Upgrade
Morgan Stanley • Joseph Moore 📅 2026-02-08
Equal Weight → Overweight
Old PT 180.00
New PT 220.00
Current 185.41
18.7%
AI infrastructure build-out accelerating faster than expected, Blackwell demand exceeding supply
AMD
Advanced Micro Devices
↑ Upgrade
Goldman Sachs • Toshiya Hari 📅 2026-02-07
Neutral → Buy
Old PT 195.00
New PT 245.00
Current 208.44
17.5%
AI chip momentum building, server CPU share gains from Intel accelerating
INTC
Intel Corporation
↑ Upgrade
Jefferies • Mark Lipacis 📅 2026-02-06
Hold → Buy
Old PT 48.00
New PT 58.00
Current 50.59
14.6%
Foundry business inflection approaching, DC turnaround gaining traction
ORCL
Oracle Corporation
↑ Upgrade
UBS • Karl Keirstead 📅 2026-02-05
Neutral → Buy
Old PT 135.00
New PT 165.00
Current 142.82
15.5%
Cloud infrastructure demand surge, AI workloads driving database growth
XLE
Energy Select Sector SPDR
↑ Upgrade
JPMorgan • Christyan Malek 📅 2026-02-04
Neutral → Overweight
Old PT 51.00
New PT 62.00
Current 53.25
16.4%
Energy security concerns driving CapEx cycle, cash returns attractive
📉 Notable Downgrades 3 calls
AMZN
Amazon.com Inc
↓ Downgrade
Barclays • Ross Sandler 📅 2026-02-07
Overweight → Equal Weight
Old PT 240.00
New PT 205.00
Current 210.32
-2.5%
AWS growth deceleration, retail margins under pressure from competition
META
Meta Platforms Inc
↓ Downgrade
Credit Suisse • Stephen Ju 📅 2026-02-06
Outperform → Neutral
Old PT 720.00
New PT 650.00
Current 661.46
-1.7%
Reality Labs spending concerns, regulatory headwinds increasing
ADBE
Adobe Inc
↓ Downgrade
Deutsche Bank • Brad Zelnick 📅 2026-02-05
Buy → Hold
Old PT 290.00
New PT 260.00
Current 268.38
-3.1%
AI disruption to creative workflows, subscription model pressure
⚖️ Sector Weight Changes 4 changes
Goldman Sachs 📅 2026-02-07
Technology
↓ DOWNGRADED
Overweight → Neutral
Valuation reset needed, AI investment cycle peaking near-term
Top Picks
NVDAMSFTORCL
Avoid
CRM
Morgan Stanley 📅 2026-02-06
Energy
↑ UPGRADED
Underweight → Overweight
Energy security driving structural shift, attractive valuations
Top Picks
XOMCVXCOP
Avoid
XLE
Bank of America 📅 2026-02-05
Industrials
↑ UPGRADED
Neutral → Overweight
Infrastructure spending cycle beginning, reshoring tailwinds
Top Picks
CATDEHON
Avoid
BA
JPMorgan 📅 2026-02-04
Healthcare
↓ DOWNGRADED
Overweight → Neutral
Drug pricing pressure, biosimilar competition intensifying
Top Picks
UNHLLYABBV
Avoid
PFE
🎯 Thematic Calls 3 themes
AI Infrastructure Build-out
Morgan Stanley 📅 2026-02-07
BULLISH
Enterprise AI adoption accelerating, requiring massive compute infrastructure investments. Data center capex cycle extending through 2027.
Beneficiaries
NVDAAMDSMCIAVGO
At Risk
Legacy hardware vendors
Timeframe: 12-24 months | Conviction: HIGH
Energy Transition 2.0
Goldman Sachs 📅 2026-02-06
BULLISH
Grid modernization and AI power demands creating new energy infrastructure needs beyond renewables.
Beneficiaries
NEESOAEPEXC
At Risk
Coal utilities
Timeframe: 3-5 years | Conviction: MEDIUM
Biotech Innovation Cycle
UBS 📅 2026-02-05
BULLISH
AI-driven drug discovery accelerating development timelines, obesity drugs expanding TAM.
Beneficiaries
LLYNVOGILDMRNA
At Risk
Generic drug makers
Timeframe: 2-3 years | Conviction: HIGH
🌍 Market Allocation
Overall Market View
Equities Neutral to Positive - late cycle but AI productivity driving earnings
Bonds Underweight - Fed pause but inflation sticky, curve steepening
Cash 5-10% allocation for opportunities
Regional Preferences
US Overweight - AI leadership, energy independence
Europe Underweight - structural headwinds, energy costs
Emerging Markets Neutral - China recovery offset by dollar strength
China Underweight - regulatory uncertainty, property overhang
Japan Overweight - corporate reform, weak yen benefits
Style Preferences
Growth Vs Value Balanced with growth tilt in tech
Large Vs Small Large cap preferred - quality in uncertain times
Cyclical Vs Defensive Selective cyclicals - industrials over consumer
💡 Actionable Ideas 3 ideas
Pair long NVDA/AMD with short INTC - AI chip leadership divergence
Market share shift accelerating in data center processors
Supported by: Morgan Stanley, Goldman Sachs
⚠️ Risk: Intel foundry turnaround faster than expected
Overweight Energy vs Utilities - energy security premium expanding
Geopolitical tensions supporting energy capex while renewables face headwinds
Supported by: JPMorgan, RBC Capital
⚠️ Risk: Recession reducing energy demand
Long TSLA calls ahead of robotaxi reveal - option skew attractive
FSD V12 progress suggesting autonomous driving inflection
Supported by: Piper Sandler, Wedbush
⚠️ Risk: Regulatory delays in autonomous vehicle approval