<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2016/11/27/21/42/stock-1863880__340.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2016/11/27/21/42/stock-1863880__340.jpg"/></p>
<p><em>图片来源：Pixabay</em></p>
<p>华尔街本周在讨论什么？以下是 2025 年 11 月 24 日至 28 日交易周华尔街最佳分析师所做的前 5 个买入推荐和前 5 个卖出推荐的快速回顾。首先，来看本周的前 5 个买入推荐。</p>
<h3><strong>1. 法国巴黎银行 Exane 对 Meta 给予 “跑赢大盘” 评级，称其在社交媒体上的 “主导地位”</strong></h3>
<p>法国巴黎银行 Exane 对 Meta Platforms (META) 启动了覆盖，给予 “跑赢大盘” 评级，目标价为 800 美元。该公司表示，Meta 在 “变现” 其 30 亿用户基础方面 “只会越来越好”，能够积极投资于人工智能，以保持在竞争中的领先地位，并利用其在社交媒体上的主导地位继续在社交电商中获胜。</p>
<h3><strong>2. Wedbush 将 “新二手车之王” Carvana 评级上调至跑赢大盘</strong></h3>
<p>Wedbush 将 Carvana (CVNA) 的评级从中性上调至跑赢大盘，目标价从 380 美元上调至 400 美元。该公司认为，近期股价回调过度，投资者应利用这一相对疲软的时期。</p>
<p>此外，Wedbush 认为风险/回报比非常有吸引力，其估值和分析表明，未来下行空间有限。管理层在过去几个季度交出了强劲的增长，短期内，该公司预计将超出当前预期。</p>
<h3><strong>3. Booking Holdings 在 BofA 的评级上调至买入，因与人工智能相关的抛售</strong></h3>
<p>BofA 将 Booking Holdings (BKNG) 的评级从中性上调至买入，目标价维持在 6000 美元不变。该公司认为，关于谷歌 (GOOGL) 和 OpenAI 的 Agentic 工具对 Booking 的中介风险的担忧 “过度”，并且认为与人工智能相关的股价抛售创造了买入机会。</p>
<p>BofA 认为，Booking 与供应商的关系良好，且大型连锁酒店的曝光率低于 10%，公司可以通过利用专有用户数据、供应商关系和 Genius 忠诚度福利来减轻人工智能风险，从而建立竞争力的 Agentic 人工智能能力。</p>
<h3><strong>4. Autodesk 在德意志银行的评级上调至买入</strong></h3>
<p>德意志银行将 Autodesk (ADSK) 的评级从持有上调至买入，目标价从 345 美元上调至 375 美元。该公司报告了 “非常健康” 的第三季度业绩，代表了 “过去几年中最 “干净” 的季度业绩之一”，该公司在研究报告中告诉投资者。德意志银行表示，强劲的执行力推动了 Autodesk 所有指标超出市场预期。该公司现在对其未来几年的发展轨迹增加了信心。</p>
<h3><strong>5. Flutter Entertainment 在汇丰的评级上调至买入</strong></h3>
<p>汇丰将 Flutter Entertainment (FLUT) 的评级从持有上调至买入，目标价从 265 美元下调至 228 美元。该公司认为，近期股价抛售后出现了买入机会。</p>
<p>尽管美国游戏市场持续成熟和放缓，但汇丰在研究报告中告诉投资者，那里和英国的风险 “可能没有想象中那么糟糕，且在股价中反映得过多”。该公司认为，Flutter 可以从新的美国州的放宽政策中受益。</p>
<p>接下来是本周的前 5 个卖出推荐。</p>
<h3><strong>1. 雅诗兰黛在罗斯柴尔德&amp;Co Redburn 的评级下调至卖出</strong></h3>
<p>罗斯柴尔德&amp;Co Redburn 将雅诗兰黛 (EL) 的评级从中性下调至卖出，目标价从 83 美元下调至 70 美元。该公司正在进行转型，股价因强劲的反弹希望而上涨，但该公司在研究报告中告诉投资者，尽管销售增长有所改善，雅诗兰黛仍需要更深层次的投资，这使得其利润恢复的规模面临风险。</p>
<h3><strong>2. 罗斯柴尔德对 Old Dominion 的评级以收益递减为由下调至卖出</strong></h3>
<p>罗斯柴尔德&amp;Co Redburn 对 Old Dominion (ODFL) 启动了覆盖，给予卖出评级，目标价为 114 美元。该公司认为，随着其网络、服务水平和利润率接近成熟，投资的收益将逐渐减少。Old Dominion 将 “在较长一段时间内保持最佳水平”，但变化的速度将影响其相对于同行的增长和估值，分析师在研究报告中告诉投资者。</p>
<p>罗斯柴尔德还对 XPO, Inc (XPO) 给予买入评级，目标价为 156 美元，指出该公司的利润扩张潜力，以及对 Saia (SAIA) 给予中性评级，目标价为 262 美元，考虑到其 “成长中的痛苦和混合导致的利润率疲软”。</p>
<h3><strong>3. Primoris 在高盛的评级为卖出</strong></h3>
<p>高盛对 Primoris (PRIM) 启动了覆盖，给予卖出评级，目标价为 117 美元。该公司的最终市场需求背景将保持支持，但其有机增长放缓，分析师在研究报告中告诉投资者。高盛表示，Primoris 受益于今年太阳能收入的提前增长，使其太阳能增长远超基础市场。</p>
<h3><strong>4. Brandywine Realty 在摩根大通的评级下调至减持</strong></h3>
<p>摩根大通将 Brandywine Realty (BDN) 的评级从中性下调至减持，未设定目标价。该公司的资产负债表 “紧张”，其大型开发项目在租赁方面面临挑战，研究报告中告诉投资者。</p>
<p>摩根大通表示，Brandywine 在未来几年还将面临 IBM 在奥斯丁的大规模搬迁。该公司对何时会出现股价催化剂以扭转公司的一些挑战没有信心。</p>
<h3><strong>5. CNH Industrial 在摩根大通的评级下调至减持，因农业设备下行风险</strong></h3>
<p>摩根大通将 CNH Industrial (CNH) 的评级从中性下调至减持，目标价为 10 美元，从 10.50 美元下调。该公司在研究报告中告诉投资者，基于 Deere (DE) 的行业前景更新其模型，该公司已报告第四季度业绩。摩根大通补充说，预计 2025 年后北美大型农业设备销售将面临下行压力，因为农场盈利能力从高峰水平压缩。</p>
<hr/>
<p><em>更多来自此作者的内容：</em></p>
<p>富士康 - 英伟达超级计算中心预计在 2026 年上半年完成</p>
<p>华尔街本周十大股票推荐 - 11 月 22 日，星期六</p>
<p>华尔街专家对沃尔玛财报前的看法</p>

FLTR

META

<p>华尔街 2025 年 11 月 24 日至 28 日的十大股票推荐包括 5 个买入和 5 个卖出建议。主要买入推荐：Meta Platforms（跑赢大盘，$800），Carvana（跑赢大盘，$400），Booking Holdings（买入，$6,000），Autodesk（买入，$375），Flutter Entertainment（买入，$228）。主要卖出推荐：Estee Lauder（卖出，$70），Old Dominion（卖出，$114），Primoris（卖出，$117），Brandywine Realty（减持）</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2016/11/27/21/42/stock-1863880__340.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2016/11/27/21/42/stock-1863880__340.jpg"/></p>
<p><em>Image source: Pixabay</em></p>
<div class="lb-trans"><p><em>图片来源：Pixabay</em></p>
</div><p>What has Wall Street been buzzing about this week? Here is a quick look at the top 5 Buy calls and the top 5 Sell calls made by Wall Street's best analysts during the trading week of Nov. 24-28, 2025. First, here are the top 5 Buy calls of the week.</p>
<div class="lb-trans"><p>华尔街本周在讨论什么？以下是 2025 年 11 月 24 日至 28 日交易周华尔街最佳分析师所做的前 5 个买入推荐和前 5 个卖出推荐的快速回顾。首先，来看本周的前 5 个买入推荐。</p>
</div><h3><strong>1. BNP Paribas Exane Starts Meta with an Outperform on Social Media &#34;Dominance&#34;</strong></h3>
<div class="lb-trans"><h3><strong>1. 法国巴黎银行 Exane 对 Meta 给予 “跑赢大盘” 评级，称其在社交媒体上的 “主导地位”</strong></h3>
</div><p>BNP Paribas Exane initiated coverage of Meta Platforms (META) with an Outperform rating and a price target of $800. Meta, which is &#34;only getting better at monetizing&#34; its 3B user base, can afford to aggressively invest in AI to stay ahead of competitors and leverage its dominance in social media to keep winning in social commerce, the firm tells investors.</p>
<div class="lb-trans"><p>法国巴黎银行 Exane 对 Meta Platforms (META) 启动了覆盖，给予 “跑赢大盘” 评级，目标价为 800 美元。该公司表示，Meta 在 “变现” 其 30 亿用户基础方面 “只会越来越好”，能够积极投资于人工智能，以保持在竞争中的领先地位，并利用其在社交媒体上的主导地位继续在社交电商中获胜。</p>
</div><h3><strong>2. Wedbush Upgrades &#34;New Used Car King&#34; Carvana to Outperform</strong></h3>
<div class="lb-trans"><h3><strong>2. Wedbush 将 “新二手车之王” Carvana 评级上调至跑赢大盘</strong></h3>
</div><p>Wedbush upgraded Carvana (CVNA) to Outperform from Neutral with a price target of $400, up from $380. The firm believes the recent pullback in shares is overdone, and investors should take advantage of this period of relative weakness.</p>
<div class="lb-trans"><p>Wedbush 将 Carvana (CVNA) 的评级从中性上调至跑赢大盘，目标价从 380 美元上调至 400 美元。该公司认为，近期股价回调过度，投资者应利用这一相对疲软的时期。</p>
</div><p>Further, Wedbush thinks the risk/reward is compelling, with its valuation and analysis implying limited downside from here. Management has delivered robust growth for several quarters, and in the near-term, the firm sees upside to current estimates.</p>
<div class="lb-trans"><p>此外，Wedbush 认为风险/回报比非常有吸引力，其估值和分析表明，未来下行空间有限。管理层在过去几个季度交出了强劲的增长，短期内，该公司预计将超出当前预期。</p>
</div><h3><strong>3. Booking Holdings Upgraded to Buy at BofA after AI-Related Selloff</strong></h3>
<div class="lb-trans"><h3><strong>3. Booking Holdings 在 BofA 的评级上调至买入，因与人工智能相关的抛售</strong></h3>
</div><p>BofA upgraded Booking Holdings (BKNG) to Buy from Neutral with an unchanged price target of $6,000. The firm believes concerns about disintermediation risks to Booking from Google (GOOGL) and OpenAI's Agentic tools are &#34;overdone,&#34; and it sees the AI-related selloff in shares as one that creates a buying opportunity.</p>
<div class="lb-trans"><p>BofA 将 Booking Holdings (BKNG) 的评级从中性上调至买入，目标价维持在 6000 美元不变。该公司认为，关于谷歌 (GOOGL) 和 OpenAI 的 Agentic 工具对 Booking 的中介风险的担忧 “过度”，并且认为与人工智能相关的股价抛售创造了买入机会。</p>
</div><p>BofA thinks Booking is well positioned with suppliers with less than 10% large chain hotel exposure, and the company can mitigate AI risks by leveraging proprietary user data, supplier relationships, and Genius loyalty benefits to build competitive agentic AI capabilities.</p>
<div class="lb-trans"><p>BofA 认为，Booking 与供应商的关系良好，且大型连锁酒店的曝光率低于 10%，公司可以通过利用专有用户数据、供应商关系和 Genius 忠诚度福利来减轻人工智能风险，从而建立竞争力的 Agentic 人工智能能力。</p>
</div><h3><strong>4. Autodesk Upgraded to Buy at Deutsche Bank</strong></h3>
<div class="lb-trans"><h3><strong>4. Autodesk 在德意志银行的评级上调至买入</strong></h3>
</div><p>Deutsche Bank upgraded Autodesk (ADSK) to Buy from Hold with a price target of $375, up from $345. The company reported &#34;very healthy&#34; Q3 results that represented &#34;one of its &#34;cleanest&#34; quarterly prints over the last few years, the firm tells investors in a research note. Deutsche says strong execution drove all of Autodesk's metrics ahead of Street expectations. The firm now has increased confidence in the company's out-year trajectory.</p>
<div class="lb-trans"><p>德意志银行将 Autodesk (ADSK) 的评级从持有上调至买入，目标价从 345 美元上调至 375 美元。该公司报告了 “非常健康” 的第三季度业绩，代表了 “过去几年中最 “干净” 的季度业绩之一”，该公司在研究报告中告诉投资者。德意志银行表示，强劲的执行力推动了 Autodesk 所有指标超出市场预期。该公司现在对其未来几年的发展轨迹增加了信心。</p>
</div><h3><strong>5. Flutter Entertainment Upgraded to Buy at HSBC</strong></h3>
<div class="lb-trans"><h3><strong>5. Flutter Entertainment 在汇丰的评级上调至买入</strong></h3>
</div><p>HSBC upgraded Flutter Entertainment (FLUT) to Buy from Hold with a price target of $228, down from $265. The firm sees a buying opportunity following the recent selloff in shares.</p>
<div class="lb-trans"><p>汇丰将 Flutter Entertainment (FLUT) 的评级从持有上调至买入，目标价从 265 美元下调至 228 美元。该公司认为，近期股价抛售后出现了买入机会。</p>
</div><p>While the U.S. gaming market continues to mature and slow, the risks there and in the U.K. &#34;may not be as bad as feared and appear more than reflected in share prices,&#34; HSBC tells investors in a research note. The firm believes Flutter can benefit from new U.S. state liberalizations.</p>
<div class="lb-trans"><p>尽管美国游戏市场持续成熟和放缓，但汇丰在研究报告中告诉投资者，那里和英国的风险 “可能没有想象中那么糟糕，且在股价中反映得过多”。该公司认为，Flutter 可以从新的美国州的放宽政策中受益。</p>
</div><p>Next, here are the top 5 Sell calls of the week.</p>
<div class="lb-trans"><p>接下来是本周的前 5 个卖出推荐。</p>
</div><h3><strong>1. Estee Lauder Downgraded to Sell at Rothschild &amp; Co Redburn</strong></h3>
<div class="lb-trans"><h3><strong>1. 雅诗兰黛在罗斯柴尔德&amp;Co Redburn 的评级下调至卖出</strong></h3>
</div><p>Rothschild &amp; Co Redburn downgraded Estee Lauder (EL) to Sell from Neutral with a price target of $70, down from $83. The company is early in its transformation, and the shares have rallied on the hopes of a strong turnaround, the firm tells investors in a research note. However, Rothschild believes that despite improving sales growth, Estee needs deeper investment, which puts its scale of the margin recovery at risk.</p>
<div class="lb-trans"><p>罗斯柴尔德&amp;Co Redburn 将雅诗兰黛 (EL) 的评级从中性下调至卖出，目标价从 83 美元下调至 70 美元。该公司正在进行转型，股价因强劲的反弹希望而上涨，但该公司在研究报告中告诉投资者，尽管销售增长有所改善，雅诗兰黛仍需要更深层次的投资，这使得其利润恢复的规模面临风险。</p>
</div><h3><strong>2. Rothschild Starts Old Dominion with Sell on Diminishing Returns</strong></h3>
<div class="lb-trans"><h3><strong>2. 罗斯柴尔德对 Old Dominion 的评级以收益递减为由下调至卖出</strong></h3>
</div><p>Rothschild &amp; Co Redburn initiated coverage of Old Dominion (ODFL) with a Sell rating and a price target of $114. The firm believes the company will see diminishing returns from its investments as its network, service levels and margin profile are getting closer to maturity. Old Dominion will &#34;remain best in class for a prolonged period,&#34; but the rate of change will hurt its growth and valuation relative to peers, the analyst told investors in a research note.</p>
<div class="lb-trans"><p>罗斯柴尔德&amp;Co Redburn 对 Old Dominion (ODFL) 启动了覆盖，给予卖出评级，目标价为 114 美元。该公司认为，随着其网络、服务水平和利润率接近成熟，投资的收益将逐渐减少。Old Dominion 将 “在较长一段时间内保持最佳水平”，但变化的速度将影响其相对于同行的增长和估值，分析师在研究报告中告诉投资者。</p>
</div><p>Rothschild also initiated XPO, Inc (XPO) with a Buy rating and a price target of $156, citing the company's margin expansion potential, as well as Saia (SAIA) with a Neutral rating and a $262 price target, given its &#34;growing pains and mix-derived margin softness.&#34;</p>
<div class="lb-trans"><p>罗斯柴尔德还对 XPO, Inc (XPO) 给予买入评级，目标价为 156 美元，指出该公司的利润扩张潜力，以及对 Saia (SAIA) 给予中性评级，目标价为 262 美元，考虑到其 “成长中的痛苦和混合导致的利润率疲软”。</p>
</div><h3><strong>3. Primoris Initiated With a Sell at Goldman Sachs</strong></h3>
<div class="lb-trans"><h3><strong>3. Primoris 在高盛的评级为卖出</strong></h3>
</div><p>Goldman Sachs initiated coverage of Primoris (PRIM) with a Sell rating and a price target of $117. The company's end market demand backdrop will remain supportive, but its organic growth slowing, the analyst tells investors in a research note. Goldman says Primoris has benefited from a pull forward in solar revenue this year that has driven its solar growth well ahead of the underlying market.</p>
<div class="lb-trans"><p>高盛对 Primoris (PRIM) 启动了覆盖，给予卖出评级，目标价为 117 美元。该公司的最终市场需求背景将保持支持，但其有机增长放缓，分析师在研究报告中告诉投资者。高盛表示，Primoris 受益于今年太阳能收入的提前增长，使其太阳能增长远超基础市场。</p>
</div><h3><strong>4. Brandywine Realty Downgraded to Underweight at JPMorgan</strong></h3>
<div class="lb-trans"><h3><strong>4. Brandywine Realty 在摩根大通的评级下调至减持</strong></h3>
</div><p>JPMorgan downgraded Brandywine Realty (BDN) to Underweight from Neutral without a price target. The company's balance sheet is &#34;stretched,&#34; and its larger development projects have been challenged on the leasing side, the firm tells investors in a research note.</p>
<div class="lb-trans"><p>摩根大通将 Brandywine Realty (BDN) 的评级从中性下调至减持，未设定目标价。该公司的资产负债表 “紧张”，其大型开发项目在租赁方面面临挑战，研究报告中告诉投资者。</p>
</div><p>JPMorgan says Brandywine will also face the large move-out of IBM in Austin in the coming years. The firm does not have conviction around when share catalysts will emerge to turn some of the company's challenges around.</p>
<div class="lb-trans"><p>摩根大通表示，Brandywine 在未来几年还将面临 IBM 在奥斯丁的大规模搬迁。该公司对何时会出现股价催化剂以扭转公司的一些挑战没有信心。</p>
</div><h3><strong>5. CNH Industrial Cut to Underweight at JPMorgan on Ag Equipment Downside</strong></h3>
<div class="lb-trans"><h3><strong>5. CNH Industrial 在摩根大通的评级下调至减持，因农业设备下行风险</strong></h3>
</div><p>JPMorgan downgraded CNH Industrial (CNH) to Underweight from Neutral with a price target of $10, down from $10.50. The firm is updating its model based on the industry outlook for FY26 from Deere (DE), which had reported Q4 results, the analyst tells investors in a research note. JPMorgan adds that it sees downside for North America large ag equipment sales beyond 2025 as farm profitability compresses from peak levels.</p>
<div class="lb-trans"><p>摩根大通将 CNH Industrial (CNH) 的评级从中性下调至减持，目标价为 10 美元，从 10.50 美元下调。该公司在研究报告中告诉投资者，基于 Deere (DE) 的行业前景更新其模型，该公司已报告第四季度业绩。摩根大通补充说，预计 2025 年后北美大型农业设备销售将面临下行压力，因为农场盈利能力从高峰水平压缩。</p>
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Wall Street's Top 10 Stock Calls This Week - Saturday, Nov. 29

- 华尔街本周关注的前 5 大买入和卖出推荐已公布。  
- BNP Paribas Exane 对 Meta 给予 “跑赢大盘” 评级，目标价 800 美元。  
- Rothschild 将 Estee Lauder 下调至 “卖出”，目标价 70 美元。  

华尔街本周十大股票推荐 - 星期六，11 月 29 日