Microsoft initiated, Home Depot downgraded: Wall Street’s top analyst calls

The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly.

Top 5 Upgrades:

• Baird upgraded Circle Internet (CRCL) to Outperform from Neutral with an unchanged price target of $110. Baird views Circle’s current valuation as reasonable given the “outstanding growth” of USDC.

• Loop Capital upgraded Shake Shack (SHAK) to Buy from Hold with a price target of $127, up from $98. The firm believes concerns over the company’s slower growth in October are “overblown.”

• Mizuho upgraded TripAdvisor (TRIP) to Neutral from Underperform with a price target of $17, up from $14. The firm believes the company’s traffic weakness is now better reflected in the shares.

• Jefferies upgraded Gap (GAP) to Buy from Hold with a price target of $30, up from $22. The firm says the company’s new management has delivered a “strong turnaround” at both the Gap and Old Navy brands.