Power Moves in Stock Upgrades and Downgrades Today

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•  02 Jun 2025
 

$BA Boeing just got a major vote of confidence from Bank of America, upgrading the stock to a buy with a price target hike from $185 to $260. The rationale is clear: Boeing’s aircraft play a strategic role in Trump’s trade deals, making it a prime beneficiary of increased defense and trade activity. After climbing 63% from its April lows, this upgrade signals strong momentum and a possible 25% upside from current levels around $211.

$BPOP Popular regional bank is gaining attention, landing on Zacks’ Strong Buy list for June 2nd. This reflects optimism around its earnings potential and market positioning, driving steady interest with shares inching up 0.46% to $104. The bank’s fundamentals and outlook appear solid enough to warrant a close watch from traders.

$DOCS BTIG upgraded Doximity on the belief that recent sell-offs caused by macro fears were overdone. While the stock slipped slightly by 1.13% to $51.50 in early trading, this upgrade suggests a potential rebound as investors reassess the company’s growth prospects and sector resilience.

$GD General Dynamics earned a buy rating based on margin improvements and strategic contract deliveries, though the stock slipped just under 1% to $275.71. This defense contractor’s steady operational execution underpins the bullish call, hinting at longer-term stability despite short-term dips.

$NUE Nucor stood out with a massive 10% jump to $120.40 amid an upgrade that reflects renewed analyst confidence. With steel demand strengthening and solid margin prospects, this upgrade could spark further gains, attracting traders looking for industrials poised for growth.

$RKLB Rocket Lab remains in focus with a strong buy rating, thanks to momentum in its defense contracts. Though shares dipped slightly to $26.60, the company’s expanding footprint in aerospace tech continues to attract attention from institutional buyers.

$SAIA Goldman Sachs upgraded Saia from neutral to buy, raising the price target based on improved shipping efficiencies and faster-than-industry tonnage growth. The stock was flat near $264 but offers an interesting play on logistics sector strength.

$SMTC Semtech got a nod from Zacks with an upgrade to Buy, moving slightly higher to $37.50. The semiconductor company’s earnings outlook and innovation pipeline are fueling optimism for more upside in the tech space.

$THG Hanover Insurance is nearing a 52-week high after an upgrade spurred by strong segment performance and favorable tech sector trends. Shares rose 1.1% to $178, suggesting investor confidence in sustained growth.

$U Unity Software experienced a slight 0.6% pullback to $26.24 despite crossing above its average analyst target price. This subtle downgrade may reflect concerns about near-term volatility, but the company remains a key player in gaming and interactive content.

$ UBER senior unsecured notes rating was upgraded to Baa1 by Moody’s, reflecting improved credit quality. The stock dipped marginally to $83.64, but this rating boost could pave the way for greater investor trust and potential capital inflows.

$ULTA Ulta Beauty shares recently crossed above the average analyst target but faced a downgrade that nudged prices down slightly to $475.68. While premium valuation may temper enthusiasm, the brand’s strong market presence keeps it on many radars.

$UNP Union Pacific reversed course with an upgrade, pushing shares down 1.25% to $218.89. The bullish call stems from better-than-expected operational metrics and a positive view on industrial freight demand.

$V Visa received a fresh analyst initiation on a buy rating, inching 0.04% higher to $365.32. The payment giant’s resilient business model and global expansion remain key drivers of investor interest.

$WBD Warner Bros. Discovery’s recent S&P debt downgrade is viewed as an “ironically positive” event by some analysts, due to internal restructuring benefits. Despite a slight 0.3% rise to $10, the downgrade casts caution over near-term fundamentals, making it a watchful story.

Bottom line
Among these movers, Boeing stands out with its strong upgrade, strategic trade ties, and significant upside potential near $260. Nucor also shines as a top industrial play with a powerful 10% jump and growing steel demand. For those seeking tech momentum, Phreesia and Semtech offer compelling near-term growth bets. Traders should weigh these opportunities carefully, balancing strong fundamentals and market catalysts for the best risk-reward setups.