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

PIVOTAL BOOSTS ALPHABET TO BUY: 

Pivotal Research analyst Michael Levine upgraded Alphabet (GOOG, GOOGL) to Buy from Hold with a price target of $1,650, up from $1,445. The shares will outperform the other large cap Internet names in 2020 as estimates move higher, Levine told investors in a research note. He sees "multiple ways" for shareholders "to get paid" under new CEO Pichai Sundararajan and is "encouraged by the durability" of Google's revenue growth despite no real contribution from Google Discover ads. The latter "could be needle moving" in 2020, contended Levine.

NEEDHAM CUTS APPLE TO BUY FROM STRONG BUY: 

Needham analyst Laura Martin downgraded Apple (AAPL) to Buy from Strong Buy with a price target of $350, up from $280. The analyst cited the stock's 84% rally in 2019 for the downgrade. However, Martin said Apple remains a "Conviction List pick" for 2020. Apple has direct relationships with 900 million of the wealthiest consumers in the world, and is transitioning to a recurring-revenue business model, which is driving multiple expansion, Martin told investors in a research note.

JPMORGAN STARTS AMARIN AT NEUTRAL: 

JPMorgan analyst Jessica Fye initiated coverage of Amarin (AMRN) with a Neutral rating and $22 price target. Following a recent label expansion for the reduction of cardiovascular risk, the analyst believes Amarin's Vascepa is poised to achieve blockbuster status "and then some," ramping to ~$5B global 2028 revenue. However, she views the shares "roughly fairly valued at current levels," even assuming limited downside risk from the ongoing intellectual property litigation. Fye listed a potential takeover as a risk to her Neutral rating, but she believes more clarity on the length of Vascepa's market exclusivity will be needed before any deal is consummated.

RAYMOND JAMES RAISES NOKIA TO STRONG BUY: 

Raymond James analyst Simon Leopold upgraded Nokia (NOK) to Strong Buy from Outperform with a price target of $4.50, down from $5.00, citing his view of the risk-reward and conclusion that its prospect for recovery appears promising. Leopold told investors in a research note that he believes operators will focus on 5G mobility in 2020, and assuming Nokia can regain its footing, the stock should work.

GOLDMAN ADDS CITI TO CONVICTION LIST AS DEUTSCHE BANK DOWNGRADES: 

Goldman Sachs analyst Richard Ramsden added Citi (C) to his firm's Americas Conviction List and raised his price target for the shares to $88 from $84. The analyst kept a Buy rating on the name. The market is overly pessimistic on Citi's revenue growth inflection, targeted expense savings, and outlook for credit costs, given the improvement in the risk profile of its international loan book, Ramsden noted. While short term fluctuations in the shares are driven by concerns over trade and the outlook for global GDP growth, Citi's path to higher returns "is clearer than the market currently ascribes value to," said the analyst.

Meanwhile, Deutsche Bank analyst Matt O'Connor downgraded Citi to Hold from Buy with an unchanged price target of $81. Citi has been the best performing bank stock since the bottom in the overall market, O'Connor told investors in a research note. The analyst, however, sees more limited upside from here given his more cautious view on the macro backdrop, the company's "continued strategic challenges" in the consumer bank, and less future expense flexibility.

CRAIG-HALLUM INITIATES SMILEDIRECTCLUB AT BUY: 

Craig-Hallum analyst Alexander Nowak initiated coverage of SmileDirectClub (SDC) with a Buy rating and $20 price target. The company is is "upsetting the existing mold" of orthodontics by lowering physician involvement to provide increased access, better service and a reduced cost to the consumer, Nowak said. The analyst believes SmileDirectClub is setting itself up for "many years of share gains while insulating itself from potential copy-cats." With 3% share today and a growing market, the company's business is "just getting going" and the current valuation is a good entry point for investors, contended Nowak. He expects its revenue to more than double in the next two years.