Nike downgraded, Affirm upgraded: Wall Street's top analyst calls

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades:

Compass Point upgraded Coinbase (COIN) to Neutral from Sell with a price target of $177, up from $130. Bitcoin historically trades in four-year cycles, and the current cycle is tracking closely with historic norms, notes the firm, which cites rising expectations that bitcoin is recovering from a cyclical bottom for the firm's upgrade.

Wolfe Research upgraded Affirm (AFRM) to Outperform from Peer Perform with a $90 price target. The stock's risk/reward is more favorable following the underperformance since the "strong" fiscal Q4 report, the firm tells investors in a research note.

Compass Point upgraded Bullish (BLSH) to Buy from Neutral with a price target of $51, up from $30. While the firm's base case remains a failed vote tomorrow on the Clarity Act, it likes the risk/reward, noting that odds increased over the weekend following reports that President Trump made concessions on the ethics elements of the bill.

UBS upgraded Allegiant Travel (ALGT) to Buy from Neutral with a price target of $107, down from $111. The recent share selloff has created a "compelling opportunity," the firm tells investors in a research note.

UBS upgraded Zions Bancorp (ZION) to Buy from Neutral with a price target of $78, up from $66, after resuming coverage of the name. Higher interest rates add to Zions' "already underappreciated" net interest income outlook, the firm tells investors in a research note.

Baird downgraded Nike (NKE) to Neutral from Outperform with a price target of $44, down from $70. The firm continues to believe in Nike's multi-year turnaround and its longer-term earnings power coming in well above current levels, but it has grown more concerned about negative developments since Nike's late June earnings report. Baird also downgraded Dick's Sporting Goods (DKS) and VF Corp. (VFC) to Neutral from Outperform.

Melius Research downgraded GE Aerospace (GE) , Heico (HEI) , Honeywell Aerospace (HONA) , TransDigm (TDG) and Woodward (WWD) to Hold from Buy. The commercial aviation aftermarket will see slowing sales after "several years of robust" growth, the firm tells investors.

Morgan Stanley downgraded Stellantis (STLA) to Underweight from Equal Weight with a price target of $5.20, down from $8. The product pipeline is lagging behind peers, implying limited capacity to reduce investments to adapt to lower cash generation, the firm tells investors.

Wolfe Research downgraded Charter (CHTR) to Underperform from Peer Perform with an $118 price target. The firm believes broadband industry dynamics "look worse" in 2027 and 2028 due to "exploding" satellite capacity and fiber pricing.

Evercore ISI downgraded HPE (HPE) to In Line from Outperform with an unchanged price target of $65. The firm cites valuation for the downgrade following the recent appreciation in the shares.