Street calls of the week: Sept. 7–11, 2026

Investors returned to Wall Street after Labor Day, with Goldman Sachs reshuffling its real estate coverage and upgrading Covivio (CVO) to Buy, citing strong rental growth potential in the hotel sector. Meanwhile, Vonovia (VNAn) was downgraded to Neutral due to higher borrowing costs and tightening rent regulations in Berlin. Schindler Holding (SCHN) was also downgraded to Sell from Neutral, with a reduced price target reflecting weakening China construction metrics and developed-market rate uncertainty.

UBS lifted Eaton Corporation (ETN) to Buy from Neutral, boosting its price target from $450 to $515, citing proactive pricing actions and tighter execution that have improved Q3 margins. Raymond James upgraded Airbnb (ABNB) to Outperform from Market Perform, citing AI-driven platform growth and vacation rental opportunities. Citi upgraded Kion Group (KGX) to Buy from Neutral, with a higher price target as the sector faces structural channel disruption from e-commerce giants.

Deutsche Bank issued a broad review of European consumer staples, downgrading Beiersdorf AG (BEIG) to Sell and Henkel VZO (HNKG_p) to Buy. Evercore ISI cut Chewy (CHWY) to In Line from Outperform, citing decelerating organic growth. JPMorgan and HSBC issued pair trades, with JPMorgan recommending URI (URI) and HRI (HRI) as potential buy opportunities, while HSBC downgraded Amgen (AMGN) to Hold and upgraded Novartis (NOVN) to Hold.

BofA Securities upgraded International Paper (IP) to Buy, raising its price target and highlighting the company's consecutive dividend payments. KeyBanc initiated Westlake Chemical (WLK) and PPG Industries (PPG) as Overweight, expecting a second-half recovery in materials.