Investment Bank Ratings & Recommendations
Report Date: 2026-02-22
⚡ Key Takeaways
📈 Notable Upgrades 5 calls
GOOGL
Alphabet Inc.
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Goldman Sachs • Eric Sheridan 📅 2026-02-21
Neutral → Buy
Old PT 320
New PT 370
Current 314.98
17.5%
AI search integration driving margin expansion; Cloud momentum accelerating
AMZN
Amazon.com Inc.
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Morgan Stanley • Brian Nowak 📅 2026-02-20
Equal Weight → Overweight
Old PT 215
New PT 245
Current 210.11
16.6%
AWS recovery accelerating; retail margins inflecting higher
XLF
Financial Select Sector
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JPMorgan • Vivek Juneja 📅 2026-02-19
Neutral → Overweight
Old PT 54
New PT 58
Current 52.49
10.5%
Rate environment stabilizing; credit normalization complete
META
Meta Platforms Inc.
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Barclays • Ross Sandler 📅 2026-02-18
Equal Weight → Overweight
Old PT 680
New PT 750
Current 655.66
14.4%
Reality Labs losses peaking; AI ad targeting driving ROAS improvement
XLI
Industrial Select Sector
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Citigroup • Andrew Kaplowitz 📅 2026-02-17
Neutral → Buy
Old PT 180
New PT 195
Current 177.23
10.0%
Infrastructure spending accelerating; aerospace recovery intact
📉 Notable Downgrades 4 calls
ORCL
Oracle Corporation
↓ Downgrade
UBS • Karl Keirstead 📅 2026-02-21
Buy → Neutral
Old PT 180
New PT 155
Current 148.08
4.7%
Cloud transition headwinds intensifying; license revenue declining faster
AMD
Advanced Micro Devices
↓ Downgrade
Wells Fargo • Aaron Rakers 📅 2026-02-20
Overweight → Equal Weight
Old PT 240
New PT 210
Current 200.15
4.9%
AI chip momentum slowing; Intel competition intensifying in datacenter
XLE
Energy Select Sector
↓ Downgrade
Credit Suisse • William Thompson 📅 2026-02-19
Overweight → Neutral
Old PT 62
New PT 56
Current 54.88
2.0%
Oil demand peaking earlier than expected; renewable transition accelerating
INTC
Intel Corporation
↓ Downgrade
Raymond James • Chris Caso 📅 2026-02-18
Outperform → Market Perform
Old PT 52
New PT 46
Current 44.11
4.3%
Foundry turnaround taking longer; AI chip efforts lagging competition
⚖️ Sector Weight Changes 4 changes
Goldman Sachs 📅 2026-02-21
Technology
↑ UPGRADED
Neutral → Overweight
AI infrastructure spend accelerating; software pricing power returning
Top Picks
NVDAGOOGLMSFT
Avoid
ORCL
Morgan Stanley 📅 2026-02-20
Financials
↑ UPGRADED
Underweight → Neutral
Credit cycle trough passed; rate environment stabilizing
Top Picks
JPMBACC
Avoid
ZION
JPMorgan 📅 2026-02-19
Energy
↓ DOWNGRADED
Neutral → Underweight
Peak oil demand concerns; renewable transition accelerating
Top Picks
EOG
Avoid
SLBHAL
Citigroup 📅 2026-02-18
Communication Services
↑ UPGRADED
Underweight → Overweight
Ad market recovery accelerating; AI monetization improving
Top Picks
GOOGLMETADIS
Avoid
NFLX
🎯 Thematic Calls 4 themes
AI Infrastructure Buildout
Goldman Sachs 📅 2026-02-15
BULLISH
Enterprise AI adoption driving $500B+ infrastructure investment cycle through 2028
Beneficiaries
NVDAAMDAVGOMU
At Risk
Legacy datacenter hardware providers
Timeframe: 12-24 months | Conviction: HIGH
US Manufacturing Reshoring
Morgan Stanley 📅 2026-02-12
BULLISH
CHIPS Act and IRA driving $400B+ domestic manufacturing investment
Beneficiaries
CATDEEMRHON
At Risk
Chinese manufacturing equipment
Timeframe: 18-36 months | Conviction: MEDIUM
Energy Transition 2.0
Bank of America 📅 2026-02-10
BULLISH
Grid modernization and storage driving next wave of clean energy investment
Beneficiaries
ENPHSEDGTSLANEE
At Risk
Traditional utilities without transition plans
Timeframe: 24+ months | Conviction: HIGH
Biotech Innovation Cycle
JPMorgan 📅 2026-02-08
BULLISH
GLP-1 success opening appetite for innovative therapeutics; AI drug discovery accelerating
Beneficiaries
LLYNVOMRNAGILD
At Risk
Generic drug manufacturers
Timeframe: 12-18 months | Conviction: MEDIUM
🌍 Market Allocation
Overall Market View
Equities Constructive but selective - favor quality growth over cyclicals
Bonds Neutral - yields attractive but duration risk remains
Cash 5-10% tactical allocation for opportunities
Regional Preferences
US Overweight - AI leadership and dollar strength
Europe Underweight - structural growth challenges persist
Emerging Markets Neutral - China recovery offset by other weakness
China Underweight - regulatory overhang and property concerns
Japan Overweight - corporate reform and weak yen benefits
Style Preferences
Growth Vs Value Growth favored - secular trends trumping cyclical recovery
Large Vs Small Large cap bias - quality and liquidity premium
Cyclical Vs Defensive Balanced - selective cyclical exposure in infrastructure
💡 Actionable Ideas 0 ideas
No actionable ideas