Notable analyst calls this week: Spotify, Fox and Caterpillar among top picks
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This week, notable analyst calls included upgrades for Spotify and Fox, while Caterpillar faced a downgrade. Phillip Capital upgraded Spotify to Neutral, citing strong user growth despite soft guidance. J.P. Morgan upgraded Fox after strong Q4 results driven by ad revenue growth. Conversely, Morgan Stanley downgraded Caterpillar due to valuation concerns following a Q2 earnings miss. Fortinet also received downgrades from multiple firms due to concerns over its firewall refresh cycle. Baxter was downgraded after lowering its full-year outlook, while Klaviyo and Fastly received upgrades based on positive growth indicators.
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