Here Are Friday’s Top Wall Street Analyst Research Calls: Barrick Mining, Brinker International, Constellation Energy, Equifax, Fox Corporation, JPMorgan Chase, Klaviyo, Toll Brothers, Workday, and More Lee Jackson Fri, October 16, 2026 at 7:55 AM EDT 5 min read ^GSPC +0.33% B +4.27% ^RUT +1.38% ^DJI +1.08% ^IXIC +0.08% Trade B on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Futures are mixed as we close out the first big week of third-quarter results, with some indices heading toward a losing week. Thursday's stunning reversal in the debt markets, as semiconductor and other tech stocks got slaughtered, was truly memorable. Short covering and a flight to safety fueled one of the biggest one-day bond rallies in years.
At the close, all major indices finished higher, with the small-cap Russell 2000 leading at 2,767, up 1.38%; the Dow Jones Industrials were right behind at 52,178, up 1.08%. The S&P 500 was last seen at 7.744 up 0.33%, while the Nasdaq, which was down big at one point during the day, finished positive, up 0.08% at 26,713. Coincidentally, BTIG reported that the S&P 500's streak of consecutive days without a decline of at least 1% ended Wednesday at 53. It was the longest since 2020.
A week can make a difference: with demand for safe-haven trades and massive futures short covering, bonds had one of their biggest days in some time. The 30-year bond finished the session with one of the biggest yield drops since November 2024, closing at 5.43% (down 9 basis points), while the benchmark 10-year note posted the largest one-day rally and yield decline since August 1, 2025, and last traded at 5.09% (down 10 basis points).
Prices were mixed across the energy complex, but the big news was a massive Ukraine strike on a major Russian oil refinery, which once again put a damper on the oil ceasefire. By the close, Brent Crude fell 0.25% to $105.80, while West Texas Intermediate jumped back toward $100, finishing at $97.58, up 2.62%. Natural gas had another solid day, closing at $3.24, up 1.16%.
Precious metals had a banner day as interest rates tumbled and the big tech sell-off pushed investors toward bullion's safe-haven appeal. Gold closed the session at $4.168, up 1.56%, while Silver ended the day at $57.27, up 3.16%.
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Crypto got absolutely slammed Thursday, triggering a brutal $1 billion liquidation wave as forced selling crushed leveraged traders. This wasn't a crypto problem; it was literally a macro bloodbath. A massive AI tech rout and hotter-than-expected PPI data spooked investors, sparking panic selling in high-risk assets. At 8 AM EDT, Bitcoin was trading at $82,587, while Ethereum was quoted at $2,475.
24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations from Friday, October 16, 2026.
Brinker International (NYSE: EAT) was raised to Strong Buy from Outperform at Raymond James, which trimmed the price target for the restaurant giant to $260 from $270.
EchoStar (NASDAQ: ECHO) caught a double upgrade to Overweight from Underweight at JPMorgan, with a $144 target price.
Fox Corporation (NYSE: FOX) also received a double upgrade at Bank of America, which raised the broadcaster to Buy from Underperform, and raised the target price to $85 from $54.
JPMorgan Chase & Company (NYSE: JPM) was upgraded to Buy from Hold at Freedom Broker, which bumped the target price for the banking giant to $370 from $365.
Semtech (NASDAQ: SMTC) was upgraded to Outperform from Neutral at Northland, with a $186 target price.
Barrick Mining (NYSE: B) was downgraded to Neutral from Outperform at CIBC, which has a $49 target price for the shares.
Eastman Chemical Company (NYSE: EMN) was downgraded to Neutral from Overweight at JPMorgan, which cut the price target to $66 from $82.
Equifax (NYSE: EFX) was cut to Perform from Outperform at Oppenheimer, without a price target.
Klaviyo (NASDAQ: KVYO) was downgraded to Neutral from Buy at Goldman Sachs, which trimmed the price target for the stock to $20 from $27.
Workday (NASDAQ: WDAY) was downgraded to Sector Weight from Overweight at KeyBanc, without a target price.
Constellation Energy Corporation (NYSE: CEG) was initiated with an Outperform rating at CIBC, which has set a $358 target price for the giant utility.
The Gap (NYSE: GAP) was initiated with a Hold rating at Needham, without a price target.
Toll Brothers (NYSE: TOL) was initiated with a Buy rating at StoneX, which has a $165 target price for the luxury home builder.
Urban Outfitters (NASDAQ: URBN) was started with a Buy rating at Needham, with a $100 target price.
Victoria's Secret (NYSE: VSXY) was initiated with a Buy rating at Needham, with a $106 price target.
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