Alphabet upgraded, Nike downgraded: Wall Street's top analyst calls

Deutsche Bank resumed coverage of Walmart (WMT) with a Hold rating and $119 price target. The firm resumed coverage of the broadlines and food retailers, saying it expects 2026 to be another "mixed year," characterized by food disinflation, reduced government benefits, and consumers' value focus extending into the new year. Deutsche also resumed coverage of Costco (COST), Five Below (FIVE), Dollar Tree (DLTR), and Dollar General (DG) with Buy ratings, and Target (TGT) with a Hold.