Morgan Stanley executed a rare double upgrade on Akamai Technologies, moving it from Underweight to Overweight with a $115 price target. The firm reversed its previous bearish stance, betting the company's reinvention from a legacy content delivery network into a cloud and security powerhouse is finally nearing an inflection point for accelerated growth.

Gordon Haskett upgraded Target Corporation to Buy, citing new CEO Michael Fiddelke's potential to reverse years of market share losses. The firm projects a bottom in quarterly sales before a recovery in 2026, fueled by easier comparisons, operational focus, and macroeconomic tailwinds like lower inflation.

Conversely, UBS downgraded Rivian Automotive to Sell, arguing recent stock gains have priced in AI and R2 launch optimism. The bank sees limited upside, forecasting 2026 and 2027 sales below consensus. Meanwhile, RBC initiated ASML at Outperform, while Keybanc upgraded YETI Holdings on improving supply chains and international growth.