SpaceX initiation, Apple downgrade among today's top calls on Wall Street

• JPMorgan upgraded Visteon (VC) to Overweight from Neutral with a terms people of $165, up from $108. The institution is "uniquely positioned to thrust important outgrowth" wrong the automotive abstraction and related verticals with little execution hazard comparative to peers, the expert says. Barclays besides upgraded Visteon to Overweight from Equal Weight with a terms people of $145, up from $115.

• Wells Fargo upgraded Ovintiv (OVV) to Overweight from Equal Weight with a terms people of $80, up from $57. The company's portfolio translation is complete, allowing it to displacement to delivery, the expert tells investors successful a probe note.

• Roth Capital upgraded ConocoPhillips (COP) to Buy from Neutral with a terms people of $130, up from $124. The steadfast upgraded a fistful of exploration and accumulation names, saying lipid prices are adjacent to a near-term bottommost with a imaginable Iran ceasefire "seeming tenuous."

• JPMorgan upgraded Baldwin Group (BWIN) to Overweight from Neutral with a terms people of $28, up from $25. The steadfast thinks a take-private transaction is simply a "credible capable outcome" for Baldwin.

• Seaport Research upgraded BWX Technologies (BWXT) to Buy from Neutral with a $245 terms target. After a "strong" Q1 performance, 2026 guidance was raised and BWX acquired Precision Components Group, establishing its U.S. commercialized atomic constituent manufacturing capability, the expert tells investors.

Top 5 Downgrades:

• KGI Securities downgraded Apple (AAPL) to Hold from Outperform with a $315 terms target.

• TD Cowen downgraded Accenture (ACN) to Hold from Buy with a terms people of $150, down from $258. The stock's Buy thesis is "more challenging" pursuing the fiscal Q3 net report, the steadfast says.

• Morgan Stanley downgraded Cleveland-Cliffs (CLF) to Equal Weight from Overweight with a terms people of $12.50, up from $12. The steadfast lifted its alloy terms forecasts to bespeak the extended supply-driven rally, but believes expected precocious alloy prices are already reflected successful the banal with Cliffs shares having rallied astir 50% since April 1, the expert tells investors.

• Evercore ISI downgraded TE Connectivity (TEL) to In Line from Outperform with a terms people of $230, down from $260. The stock's existent valuation adequately reflects the company's "attractive" semipermanent imaginable versus imaginable near-term uncertainty, the expert tells investors successful a probe note.

• Morgan Stanley downgraded Melco Resorts (MLCO) to Equal Weight from Overweight with a terms people of $6, down from $6.30. While Macau stocks "look cheap," estimation revisions stay negative, the expert says.