Meta downgraded, Qualcomm upgraded: Wall Street's top analyst calls

Wall Street research calls drove notable stock moves: JPMorgan downgraded Meta Platforms (primary) to Neutral from Overweight and cut its price target to $725 from $825, citing higher infrastructure spending and uncertainty around its AI product roadmap despite 33% year-over-year Q1 revenue growth. Summit Insights upgraded Qualcomm to Buy after its Q1 report, and JPMorgan upgraded Teradyne to Overweight (PT $400) following a post-earnings selloff. Other notable actions include BofA lifting AbbVie and Deutsche Bank upgrading SiteOne; Oppenheimer initiated Palantir coverage with an Outperform. The report highlights mixed analyst sentiment across tech and industrial names, producing sharp intraday moves in several tickers and underscoring how research notes continue to influence short-term market flows.