Check out today's top analyst calls from around Wall Street, compiled by The Fly.

BUY PAPA JOHN'S: MKM Partners analyst Brett Levy upgraded Papa John's (PZZA) to Buy from Neutral with a lower price target of $64, down from $67. The analyst noted that the pizza segment is better positioned than many other restaurants during the pandemic as its business model is focused on digital and delivery infrastructures. Levy is especially positive on Papa John's, citing clear evidence of its same-store sales momentum ahead of the structural changes to restaurant operations, its market share gains during the first quarter reflected by the first time in five years that the company's comps outpaced Domino's (DPZ), and his expectation of the management being able to support its franchisees structurally or financially.

'UNIQUE OPPORTUNITY' AMID PANDEMIC: Citi analyst Paul Lejuez upgraded Dollar Tree (DLTR) to Buy from Neutral with an unchanged price target of $103 after taking over coverage of the name. Despite the retail environment getting extremely disrupted in recent weeks, COVID-19 may be providing Dollar Tree's Family Dollar chain with a unique opportunity to drive increased traffic, Lejuez contended. Further, the analyst believes that by keeping its stores open during the COVID-19 crisis, Dollar Tree has "more shots on goal to impress customers." Lejuez also assumed coverage of Dollar General (DG) with a Buy rating with a price target of $190, up from $184. The company has proven to have a consistent model through good times and bad, and it seems that all of its initiatives are working, which should lead to continued market share gains, he argued.

MOVING TO THE SIDELINES: JPMorgan analyst Philip Cusick downgraded AT&T (T) to Neutral from Overweight with a price target of $35, down from $38. While the analyst still believes AT&T's 7.2% dividend yield will continue to be paid, he sees issues that will keep pressure on the stock in the near to medium term amid the COVID-19 crisis. These include further downside to results in media as social distancing policies extend and the potential for small to mid-sized business weakness increases. Further, part of the AT&T story had been asset sales to de-lever, which seem less likely in today's market, Cusick told investors in a research note. Further, he noted that with weaker EBITDA there are likely to be no more buybacks this year and potentially next year as well.

BEVERAGES SPACE: Goldman Sachs analyst Bonnie Herzog resumed coverage of several names in the Americas Beverages space, amid the “unprecedented uncertainty across the broader economy” as the COVID-19 pandemic continues. Her Top Buy Idea that she thinks is best positioned in this environment its PepsiCo (PEP), her Top Buy idea where the market has overreacted to the downside is Constellation Brands (STZ), and her Top Sell idea is Molson Coors (TAP). She resumed coverage of

• Molson Coors with a Sell rating and a $35 price target;
• Constellation Brands with a Buy rating and a $165 price target;
• Boston Beer (SAM) with a Buy rating and a $415 price target;
• PepsiCo with a Conviction Buy rating and a $140 price target;
• Monster Beverage (MSNT) with a Buy rating and a $65 price target;
• Keurig Dr Pepper (KDP) with a Neutral rating and a $25 price target;
• Coca-Cola European Partners (CCEP) with a Neutral rating and a $36 price target;
• Coca-Cola (KO) with a Neutral rating and a $46 price target;

BANK RATINGS SHAKEUP: Keefe Bruyette analyst Brian Kleinhanzl upgraded both JPMorgan (JPM) and BNY Mellon (BNY) to Outperform from Market Perform, while downgrading both Citi (C) and State Street (STT) to Market Perform from Outperform. The analyst cited expectations for a U.S. recession, rising unemployment, low-interest rates, and an increase in loan losses. Nonetheless, he still believes investors can find value among Universal Banks.

Kleinhanzl thinks JPMorgan is well positioned to withstand a recessionary environment and come out of the recession in a better position than most banks, and sees BNY's earnings as being more resilient than peers. Conversely, on the Citi and State Street downgrades, Kleinhanzl wants less exposure to non-U.S. markets given COVID-19 uncertain and to equity markets broadly.