Top Wall Street Analyst Calls: Broadcom, Sherwin-Williams Upgraded

U.S. stock futures traded mixed on Thursday after a broad sell-off on Wednesday, as rising interest rates and oil prices continued to weigh on markets. Against this backdrop, Wall Street analysts issued several notable research calls, including price target increases for Broadcom (AVGO) and Sherwin-Williams (SHW).

Rating Change

While the source did not specify whether the rating itself was upgraded or downgraded, analysts raised their price targets for both Broadcom and Sherwin-Williams.

Analyst Rationale

Analysts cited Broadcom's exposure to growing data center and AI demand as a key driver, while Sherwin-Williams benefits from a resilient construction and housing market despite inflationary pressures.

Context

The calls come a day after major indices fell sharply, with tech and growth stocks hit hardest by fears of prolonged rate hikes. Higher oil prices also add to inflation concerns.

What to Make of It

These analyst calls reflect confidence in select companies' fundamentals amid macro headwinds, but investors should consider broader market volatility before acting.