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

MACRO UNCERTAINTY: Vertical Group downgraded Alibaba (BABA) and JD.com (JD) to Mixed from Bullish. The firm cited macro uncertainty and power curtailments in China that will hamper chances for a recovery in e-commerce sales by year-end.

COMPETITION CONCERNS: Bernstein analyst Eunice Lee initiated coverage of Nio (NIO) with a Market Perform rating and $45 price target as she started coverage of China's Electric Vehicles space, stating that "EVs are the future of the Chinese autos landscape." While Nio's offerings and battery swapping technology are "very attractive," Lee is ultimately worried about competition in the premium segment.

The analyst also started coverage of Li Auto (LI) with an Outperform rating and $43 price target as she believes the company will remain competitive with its EREV technology over the medium to long term. Lee sees its scheduled battery EV launch in 2023 giving the company "a comprehensive suite of powertrain offerings for the next decades."

Additionally, the analyst initiated coverage of XPeng (XPEV) with an Outperform rating and $56 price target, saying the company's P5 offers a favorable value proposition and is well-positioned for a segment of China's BEV market that has "so far been largely untapped." Xpeng also has the potential to build significant brand equity among tech savvy Chinese consumers, Lee added.

DUAL HEADWINDS: Bank of America analyst Steve Byrne downgraded Sherwin-Williams (SHW) to Neutral from Buy with an unchanged price target of $335. While he believes underlying demand and fundamentals "remain robust," Byrne argued that Sherwin-Williams is fighting the "dual headwinds" of peak inflation and peak expectations. His view that raw materials should retreat from highs is "a bit at odds with the recent crude rally," while investors continue to pile in, leaving "an increasingly crowded stock and higher multiple" that could be problematic if management takes a conservative approach to 2022 guidance, as the analyst expects.

MOVING TO THE SIDELINES: Bank of America analyst Robert Ohmes downgraded BJ's Wholesale (BJ) to Neutral from Buy with a price target of $66, up from $60. The analyst stated that the large negative spread between the Finished Consumer Foods PPI and Food at Home CPI in September implies margin pressure for food retailers. He expects BJ's to hold off on higher prices until its competitors pass through the cost increases, which is likely to pressure margins into 2022.

FUNDAMENTALS COMING UP SHORT: Raymond James analyst Elliot Wilbur downgraded Teva (TEVA) to Market Perform from Outperform without a price target. While management continues to deliver on near-term financial targets and remains committed to key 2023 margin and deleveraging targets, near-term fundamentals are increasingly coming up short versus expectations, Wilbur told investors in a research note. The analyst feels that key growth assets have lost the element of upside surprise over the past 12 months and targets are increasingly aspirational rather than beatable.