Wall Street's top analysts spent Friday reshuffling their opinions on some notable names, and the moves ranged from enthusiastic upgrades to cautious downgrades. Here's what you need to know about the ten most interesting analyst calls from the session.

Honeywell Gets a Big Vote of Confidence

Honeywell International Inc. (HON) received a meaningful boost from JP Morgan, which upgraded the industrial conglomerate from Neutral to Overweight while raising its price target from $218 to $255. That new target represents roughly 18.6% upside from Thursday's closing price of $215.02. Analyst Stephen Tusa made the call, signaling increased optimism about the company's trajectory.

Rocket Lab Shoots Higher

Space infrastructure company Rocket Lab Corp (RKLB) also caught an upgrade from Morgan Stanley, which moved the stock from Equal-Weight to Overweight. The firm's analyst Kristine Liwag raised the price target dramatically from $67 to $105, suggesting she sees considerable room for the stock to run from Thursday's close of $90.76.

Morgan Stanley Goes Negative on Two Big Names

Not all the news was positive. Morgan Stanley turned decidedly bearish on Kraft Heinz Co (KHC), with analyst Megan Alexander downgrading the food giant from Equal-Weight to Underweight while cutting the price target from $27 to $24. The stock closed Thursday at $24.25, essentially right at the new target.

Morgan Stanley also soured on MGM Resorts International (MGM), with analyst Stephen Grambling downgrading shares from Equal-Weight to Underweight and slashing the price target from $40 to $33. That's a notable haircut for a stock that closed Thursday at $35.41.

Mixed Moves in Tech and Healthcare

Shift4 Payments Inc (FOUR) saw Deutsche Bank pull back significantly, with analyst Nate Svensson downgrading the payment processor from Buy to Hold while cutting the price target from $100 to $65. The stock closed at $65.91 on Thursday, essentially meeting the new target right away.

In the medical device space, Penumbra Inc (PEN) received a small price target increase from Truist Securities—from $370 to $374—but analyst Richard Newitter simultaneously downgraded the stock from Buy to Hold. Penumbra shares finished Thursday at $350.49.

Some Bullish Calls

Advanced Energy Industries Inc (AEIS) got a substantial price target boost from Needham, which raised its target from $225 to $290 while maintaining a Buy rating. Analyst James Ricchiuti kept the faith as the stock closed at $257.29 on Thursday.

The Goldman Sachs Group, Inc. (GS) saw Keefe, Bruyette & Woods raise its price target from $971 to $1,000, though analyst Christopher McGratty maintained a Market Perform rating. Goldman shares settled at $975.86 on Thursday, approaching that four-digit milestone.

Luxury and Agriculture Round Out the List

Luxury fashion house Ermenegildo Zegna NV (ZGN) faced a downgrade from B of A Securities, with analyst Daria Nasledysheva moving the stock from Buy to Neutral while trimming the price target from $11.50 to $11.20. Zegna shares settled at $11.02 on Thursday.

Finally, FMC Corporation (FMC) saw Mizuho cut its price target from $24 to $21, though analyst Edlain Rodriguez maintained an Outperform rating. FMC shares closed at $15.48 on Thursday, well below even the reduced target, suggesting the analyst still sees meaningful upside potential.

The variety of moves on Friday reflects the ongoing recalibration happening across Wall Street as analysts reassess company prospects in the current economic environment. Some firms are getting fresh votes of confidence while others face growing skepticism about their near-term outlooks.