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Pre-Market Stock Futures:
Futures are trading higher after the January consumer price index report came in below expectations at 2.4%, as we head into the close of a rollercoaster week that saw a little of just about everything. After opening strongly on Thursday, stocks immediately rolled over. By the first hour mark, they were down sharply, and although stocks didn’t close at the lows, they remained down for the rest of the session. With a variety of issues weighing on stocks and a big rotation out of technology after three years of double-digit gains, we could be setting up for a sizable correction. Losses were steep across the board Thursday, with the Nasdaq taking the biggest hit, closing down 2.04% at 22,597. The S&P 500 closed Thursday at 6,832, down 1.57%, and the Dow Jones Industrials were last at 49,451, down 1.34%. The small-cap Russell 2000 was also down more than 2% to 2,615.
Treasury Bonds:
Yields plummeted across the Treasury yield curve as investors ran for the safety and security of guaranteed U.S. government paper. The rally was fueled by weak economic data, including rising jobless claims and declining job openings, which increased bets that the Federal Reserve will cut interest rates.
Oil and Gas:
Oil and energy stocks have made a strong start in the first six weeks of 2026, but were hammered on Thursday after the International Energy Agency cut its 2026 demand growth outlook. With a sector already worried about oversupply, that was all it took to bring in the sellers. Brent Crude closed Thursday at $67.65, down 2.52%, while West Texas Intermediate finished the day at $62.98, down 2.55%. Natural gas was the lone winner in the sector, rising 1.87% to close at $3.21.
Gold:
After a stunning bounce back from the recent flash-crash, gold took a solid hit on Thursday with the rest of the market. The bullion finished the day down 3.19% at $4,920. Falling below the $ 5,000-per-ounce level, which has been considered near-term support, was driven primarily by strong U.S. labor market data. This data reduced expectations for immediate Federal Reserve interest rate cuts and triggered a cascade of selling pressure as investors cut losses.
Crypto:
The Crypto markets saw heavier selling on Thursday, with Bitcoin entering a deep rout and crypto-related stocks posting sharp declines following a prolonged, multi-month selloff.
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Friday, February 13, 2026.
Upgrades:
- Airbnb Inc. (NASDAQ: ABNB | ABNB Price Prediction) was upgraded to Buy from Hold at Deutsche Bank, with a $154 target price objective.
- Applied Materials Inc. (NASDAQ: AMAT) was upgraded to Outperform from Neutral at KGI Securities, with a $425 target price.
- CrowdStrike Holdings Inc. (NASDAQ: CRWD) was upgraded to Buy from Hold at HSBC, with a $446 target price.
- Rivian Automotive Inc. (NASDAQ: RIVN) was raised to Buy from Hold at Deutsche Bank, which lifted the target price for the EV companyto $23 from $16.
- Roku Inc. (NASDAQ ROKU) was upgraded to Buy from Neutral at Rosenblatt, which has set a $118 target price for the shares.
Downgrades:
- Copa Holdings S.A. (NYSE: CPA) was downgraded to Neutral from Buy at Goldman Sachs, which bumped the price target to $151 from $150.
- Dollar Tree Inc. (NASDAQ: DLTR) was downgraded to Underperform from Market Perform at BMO Capital, which lowered the target price for the stock to $95 from $110.
- Edison International Inc. (NYSE: EIX) was downgraded to Neutral from Buy at UBS, which boosted the target price for the utility to $78 from $70.
- Pinterest Inc. (NYSE: PINS) was cut to Neutral from Outperform at Baird, which cut the target price for the stock to $20 from $35.
- Norwegian Cruise Lines Holdings Ltd. (NYSE: NCLH) was downgraded to Neutral from Overweight at JPMorgan. which dropped the target price to $20 from $28.
Initiations:
- Advanced Micro Device Inc. (NASDAQ: AMD) was started with a Neutral rating at DA Davidson, with a $225 target price.
- Antero Resources Corp. (NYSE: AR) was resumed in coverage with a Buy rating at Jefferies, which nudged the target price for the stock to $50 from $46.
- Broadcom Inc. (NASDAQ: AVGO) was initiated with a Neutral rating at DA Davidson with a $335 target price.
- Medtronic plc. (NYSE: MDT) was reinstated withan Outperform rating at Barclays, with a target price of $116.
- Tapestry Inc. (NYSE: TPR) was initiated with an Outperform rating at BNP Paribas, with a $176 target price.
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