Quick Read
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Thursday's AI-fueled sell-off dragged the Nasdaq down 6% into correction territory and erased Wednesday's rally, leaving investors hunting for tech bargains.
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Wells Fargo lifted Becton Dickinson to Overweight with a $242 target, while Seaport upgraded SiTime to Buy with a $425 target.
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Wells Fargo downgraded Molson Coors to Underweight, and Citigroup cut BJ's Wholesale to Neutral, while Pfizer slipped to Hold at DZ Bank.
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Pre-Market Stock Futures:
Futuresare mixed this Friday morning, with the Dow Jones trading lower, but Nasdaq futures are higher as AI stocks catch a bid after the big post-election rally turned into a massive post-election sell-off. Concerns over Artificial Intelligence and Data Center spending drove the selling, and stocks that were already overbought heading into third-quarter earnings, and even more so after they finished up, headed south in a big way. Yesterday's sell-off wiped out Wednesday's huge rally, and it makes sense for investors who raised cash, as we suggested in the summer and early fall, to start sniffing around for technology bargains.
All ofthe major indices finished lower Thursday, with the Nasdaq leading the way down and closing once again in correction territory at 24,314, down a stunning 5.52%, while the small-cap Russell 2000 wasn't far behind, ending the session at 2,729, down 4.45%. The S&P 500 took part in the rout, closing at 7,353, down 4.36%, and the Dow Jones Industrial finished as the best of the worst, down 3.44% to 51,523. Despite positive economic news, concerns over Democrats controlling Congress were a big reason for Thursday's stock meltdown. Today, traders will watch the October non-farm payroll numbers, and next week inflation data from the consumer and producer price indices will hit the tape.
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24/7 Wall St.reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.
Here aresome of the top Wall Street analyst upgrades, downgrades, and initiations from Friday, November 6, 2026.
Upgrades:
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American States Water Company( NYSE: AWR ) was upgraded to Buy from Hold at Freedom Broker, which bumped the price target to $99 from $89.
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Becton Dickinson & Company( NYSE: BDX ) was upgraded to Overweight from Equal Weight at Wells Fargo, which lifted the target price to $242 from $170.
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JinkoSolar Holdings( NYSE: JKS ) was upgraded to Buy from Neutral at UBS, which lowered the target price for the shares to $17 from $24.
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SiTime NASDAQ: SITM ) was upgraded to Buy from Neutral at Seaport Research, with a $425 target price.
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Steven Madden Ltd.( NASDAQ: SHOO) was raised to Hold from Underperform at Jefferies, with an unchanged $36 target price.
Downgrades:
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BJ's Wholesale Club( NYSE: BJ ) was downgraded to Neutral from Buy at Citigroup, which nudged the target price to $113 from $111.
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Cogent Communications (NASDAQ: CCOI ) was downgraded to Sector Weight from Overweight at KeyBanc, without a price target.
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Five9( NASDAQ: FIVN ) was downgraded to In Line from Outperform at Evercore ISI, with an unchanged $24 target price.
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Molson Coors Beverage Company( NYSE: TAP ) was cut to Underweight from Equal Weight at Wells Fargo, which trimmed the target price for the beer giant to $36 from $38.
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Pfizer( NYSE: PFE ) was downgraded to Hold from Buy at DZ Bank, with a $33 target price.
Initiations:
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Eversource Energy( NYSE: ES ) was resinstated with an Equal Weight rating at Barclays , with a $76 target price.
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Fervo Energy( NASDAQ: FRVO) was started with a Buy rating at Needham, with a $17 target price.
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Keel Infrastructure( NASDAQ: KEEL ) was initiared with a Neutral rating at Goldman Sachs with a $2 target price.
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NovaGold Resources( NYSE: NG) was resumed with a Buy rating at Citigroup, with a $12.50 price target.
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Yarrow Bioscience( NASDAQ: YARW ) was initated with a Buy rating at Guggenehim, which has a $60 target for the shares.
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