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

ON THE SIDELINES: Bank of America analyst Bryan Spillane initiated coverage of Honest Company (HNST) with a Neutral rating and $17 price target. The company offers an "attractive mid-teens sales growth and mid-single digit margin expansion prospects" but this is balanced against an enterprise value to expected sales multiple of 4.7-times - ahead of its Household and Personal Care peers - and leaves limited upside that is dependent on earnings revisions, the analyst told investors in a research note.

RISING VIDEO SAAS STAR: Cowen analyst John Blackledge initiated coverage of Vimeo (VMEO) with an Outperform rating and $56 price target. The analyst sees the company as a rising video SaaS star and sees Enterprise and Self-Serve subscription ramps penetrating its large addressable market by 2024.

Jefferies analyst Brent Thill also started coverage of Vimeo with a Buy rating and $50 price target. The analyst highlighted that the company is a "high-growth" software-as-a-service platform for professional video creation, management and hosting. From live event streaming to workforce training, business adoption of video is gaining momentum, Vimeo's "best-in-class platform can become the leading one-stop-shop enterprise solution," he noted.

BUY PETCO: Citi analyst Steven Zaccone reinstated coverage of Petco (WOOF) with a Buy rating and $31 price target following a period of restriction. Petco's growing vet services business, and a faster bottom-line growth profile versus the group average warrants a premium multiple, Zaccone told investors in a research note.

ADDED CAPACITY NEEDED: Barclays analyst Benjamin Theurer downgraded Sanderson Farms (SAFM) to Equal Weight from Overweight with a price target of $175, up from $170, as he believes added capacity will be needed for a further re-rating of the stock. The analyst expects strong poultry price dynamics and a continuing recovery in volumes to more than offset the elevated grain cost. However, Sanderson's plans to build its new facility are "on hold" amid higher construction costs, Theurer noted.

FAVORABLE COMPETITIVE POSTURE: Evercore ISI analyst John Pancari resumed coverage of PNC Financial (PNC) with an Outperform rating and $215 price target. The analyst expects improving and above-peer returns and "PNC's favorable competitive posture" to drive upside. Though industry loan growth remains sluggish, he is confident in moderate improvement in PNC's underlying trends in the second half of the year.