Investment Bank Ratings & Recommendations
Report Date: 2026-02-16
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
INTC
Intel Corporation
↑ Upgrade
JPMorgan • Harlan Sur 📅 2026-02-15
Neutral → Overweight
Old PT 42.00
New PT 58.00
Current 46.79
23.9%
Intel's 18A process node gaining traction with foundry customers
XLU
Utilities Sector
↑ Upgrade
Goldman Sachs • Michael Weinstein 📅 2026-02-14
Equal Weight → Overweight
Old PT 44.00
New PT 50.00
Current 46.50
7.5%
AI data center power demand creating structural growth
CRM
Salesforce, Inc.
↑ Upgrade
Morgan Stanley • Keith Weiss 📅 2026-02-13
Equal Weight → Overweight
Old PT 175.00
New PT 225.00
Current 189.72
18.6%
AI Agents driving 30%+ productivity gains in early deployments
XLE
Energy Sector
↑ Upgrade
Bank of America • Doug Leggate 📅 2026-02-12
Neutral → Buy
Old PT 52.00
New PT 62.00
Current 54.35
14.1%
Oil supply constraints emerging as shale growth moderates
AMD
Advanced Micro Devices
↑ Upgrade
Mizuho • Jordan Klein 📅 2026-02-11
Neutral → Buy
Old PT 195.00
New PT 260.00
Current 207.32
25.4%
MI300 series ramping faster than expected
📉 Notable Downgrades 4 calls
AAPL
Apple Inc.
↓ Downgrade
Barclays • Tim Long 📅 2026-02-15
Overweight → Equal Weight
Old PT 295.00
New PT 245.00
Current 255.78
-4.2%
iPhone 16 cycle disappointing, Vision Pro adoption slow
META
Meta Platforms, Inc.
↓ Downgrade
UBS • Lloyd Walmsley 📅 2026-02-14
Buy → Neutral
Old PT 750.00
New PT 620.00
Current 639.77
-3.1%
Metaverse capex drag extending into 2026
NFLX
Netflix, Inc.
↓ Downgrade
Needham • Laura Martin 📅 2026-02-13
Buy → Hold
Old PT 95.00
New PT 78.00
Current 76.87
1.4%
Subscriber saturation in key markets becoming evident
XLF
Financial Sector
↓ Downgrade
Credit Suisse • Susan Roth Katzke 📅 2026-02-12
Overweight → Neutral
Old PT 58.00
New PT 50.00
Current 51.65
-3.2%
Net interest margin compression accelerating
⚖️ Sector Weight Changes 4 changes
Goldman Sachs 📅 2026-02-14
Utilities
↑ UPGRADED
Underweight → Overweight
AI power demand creating decade-long growth cycle
Top Picks
NEESODUK
Avoid
ED
JPMorgan 📅 2026-02-13
Semiconductors
↓ DOWNGRADED
Overweight → Neutral
Valuation stretch despite strong fundamentals
Top Picks
NVDAAMDINTC
Avoid
QCOM
Morgan Stanley 📅 2026-02-12
Energy
↑ UPGRADED
Neutral → Overweight
Structural supply deficit emerging mid-decade
Top Picks
XOMCVXCOP
Avoid
SLB
Bank of America 📅 2026-02-11
Consumer Discretionary
↓ DOWNGRADED
Overweight → Underweight
Consumer spending normalization accelerating
Top Picks
AMZNTSLA
Avoid
TJXHD
🎯 Thematic Calls 3 themes
AI Infrastructure Capex Supercycle
Goldman Sachs 📅 2026-02-10
BULLISH
$2T global AI infrastructure buildout through 2030, with utilities and data center REITs as key beneficiaries beyond obvious chip plays
Beneficiaries
NVDAAMDDLRPLDNEE
At Risk
Traditional software without AI integration
Timeframe: 3-5 years | Conviction: HIGH
Autonomous Vehicle Inflection
JPMorgan 📅 2026-02-08
BULLISH
Level 4 autonomy achievements triggering regulatory approvals and commercial deployments
Beneficiaries
TSLAGOOGLGMLIDR
At Risk
Traditional auto without AV capabilities
Timeframe: 2-3 years | Conviction: MEDIUM
Energy Security Renaissance
Morgan Stanley 📅 2026-02-07
BULLISH
Geopolitical tensions driving domestic energy independence focus, benefiting US producers and infrastructure
Beneficiaries
XLEKMIEPDLNG
At Risk
Renewable energy stocks facing subsidy cuts
Timeframe: 5+ years | Conviction: HIGH
🌍 Market Allocation
Overall Market View
Equities Neutral-to-positive: AI infrastructure spending offsetting consumer weakness
Bonds Underweight: Fed pause ending, term premium repricing higher
Cash 5-10% allocation for tactical opportunities
Regional Preferences
US Overweight - AI leadership and energy independence
Europe Underweight - Structural growth challenges persist
Emerging Markets Neutral - China recovery vs other EM weakness
China Underweight - Property overhang and geopolitical risks
Japan Overweight - Corporate governance reforms paying off
Style Preferences
Growth Vs Value Quality Growth preferred - AI transformation favors innovation
Large Vs Small Large cap bias - better positioned for AI capex cycle
Cyclical Vs Defensive Barbell approach - AI growth + defensive utilities
💡 Actionable Ideas 0 ideas
No actionable ideas