Pre-Market Stock Futures:
Futures are trading lower as we prepare to finally end what has been one of the most volatile weeks in recent memory, with oil hitting its highest level since 2024. After a snap-back Wednesday that saw all the major indices close higher, the tables were turned on investors once again as oil prices jumped briefly above $80 and the fighting and air strikes in Iran intensified. When it was all said and done, the markets gave back all of the gains from Wednesday and more. The Dow Jones Industrials took a huge hit on the day, closing down 1.61% at 47,954, while the S&P 500 closed down 0.56% at 6,830. The Nasdaq closed at 22,748 on Thursday, down 0.26%. After leading stocks on Wednesday, the small-cap Russell 2000 was hammered, down 1.92% to close at 2,585. The only good news is that all of the indices finished the day well off the lows.
Treasury Bonds:
Yields were higher across the belly and the long end of the Treasury curve, while some buying was seen at the front-end short maturities. Higher energy prices and the threat of an inflation spike put pressure on the government debt market and could persist if the jobs report is poor. The 30-year long bond finished the day at 4.75%, while the benchmark 10-year note was last seen at a 4.13% yield.
Oil and Gas:
Needless to say, the biggest story was spiraling prices across the energy complex. Brent Crude closed higher by 3.92%, at $84.59, but the move higher by West Texas Intermediate, which finished up 6.90% at $79.81, and is trading at $86.43 this morning, is what gave the bears all they needed, as prices at the pump will start moving much higher in the near-term. Natural gas closed trading at $3.00, up 2.64%.
Gold:
As we saw earlier in the week, a stronger dollar and selling across all major stock and bond indices bled over into safe-haven precious metals. While JPMorgan was quick to say that the case for the gold rally to continue is in place, it wasn’t on Thursday, as the bullion closed down 1.22% at $5,077, while Silver finished the day down 1.86% at $81.88.
Crypto:
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, March 6, 2026.
Upgrades:
- BorgWarner Inc.(NYSE: BWA) was upgraded to Neutral from Sell at UBS, which has a $55 target price for the company.
- Intuit Inc. (NASDAQ: INTU) was upgraded to Buy from Neutral at Northcoast, which has a $575 target price for the shares.
- Marvell Technology Inc. (NASDAQ: MRVL) was raised to Outperform from Neutral at KGI Securities, with a $110 target price objective.
- Netflix Inc. (NASDAQ: NFLX) was upgraded to Buy from Hold at CFRA, which has set a $115 target price.
- Okta Inc. (NASDAQ: OKTA) was upgraded to Outperform from Market Perform at BMO Capital, which lifted the target price for the stock to $97 from $83.
Downgrades:
- AES Corp. (NYSE: AES) was downgraded to Equal Weight from Overweight at Morgan Stanley, which cut the target price for the stock to $15 from $23. The company is being acquired for $15 per share.
- Delek Logistics Partners LP (NYSE: DKL) was downgraded to Neutral from Buy at Citigroup, which bumped the target price for the shares to $52 from $47.
- Tanger Inc. (NYSE: SKT) was cut to Neutral from Buy at Bank of America, with a $39 target price.
- Trade Desk Inc. (NASDAQ: TTD) was cut to Underperform from Neutral at Wedbush, which has a $23 target price for the stock.
- Zoetis Inc. (NYSE: ZTS) was downgraded to Hold from Buy at Nephron Research, with a $131 target price.
Initiations:
- Chipotle Mexican Grill Inc. (NYSE: CMG) was initiated with a Buy rating at DA Davidson, which has a $51 target for the stock.
- CoreWeave (NASDAQ: CRWV) was started with an Outperform rating at Oppenheimer, which has set a $140 target price for the company.
- Itron Inc. (NASDAQ: ITRI) was started with a Buy rating at Needham, with a $124 target price.
- Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was initiated with an Overweight rating at JPMorgan, which posted a $923 target price objective.
- Shake Shack Inc. (NYSE: SHAK) was started with a Buy rating at DA Davidson, which has a $125 target price for the shares.