BROKER MOVES: ABNB upgraded at Wells Fargo; ZS downgraded at Morgan Stanley
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Hezbollah representative in the Lebanese Parliament says direct negotiation with Israel is rejected and against national principles, Nournews reports
Google (GOOGL) unveils chips for AI training and inference in latest shot at Nvidia (NVDA)
BROKER MOVES: ABNB upgraded at Wells Fargo; ZS downgraded at Morgan Stanley
Volkswagen (VOW GY) is said to shortlist EQT Group and CVC for an EUR 8bln, Bloomberg reports citing sources
German finance ministry spokesperson says not aware of any plans to sell the government’s stake in Deutsche Telekom (DTE GY)
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UPGRADES
- Airbnb (ABNB) Upgraded to Overweight at Wells Fargo; PT USD 178
- Antero Midstream Corp (AM) Upgraded to Equal-Weight at Morgan Stanley
- Biogen (BIIB) Upgraded to Buy at UBS; PT USD 225
- BrightSpire Capital Inc (BRSP) Upgraded to Buy at BTIG; PT USD 7
- DT Midstream (DTM) Upgraded to Equal-Weight at Morgan Stanley; PT USD 165
- Halliburton (HAL) Upgraded to Buy at Griffin Securities; PT USD 47
- Keurig Dr Pepper (KDP) Upgraded to Neutral at BNP Paribas; PT USD 28
- Kforce (KFRC) Upgraded to Outperform at William Blair
- Li Auto (LI) ADRs Upgraded to Neutral at BNP Paribas
- Qorvo (QRVO) Upgraded to Overweight at Barclays; PT USD 100
- SBA Comms (SBAC) Upgraded to Buy at Truist Secs; PT USD 247
- Seagate (STX) Upgraded to Overweight at Barclays; PT USD 625
- Skyworks (SWKS) Upgraded to Overweight at Barclays; PT USD 70
- Twilio (TWLO) Upgraded to Buy at BofA; PT USD 190
- WaterBridge Infrastructure (WBI) US Upgraded to Overweight at Morgan Stanley; PT USD 34
DOWNGRADES
- Abbott (ABT) Downgraded to Neutral at Daiwa; PT USD 92
- Albemarle (ALB) Downgraded to Neutral at Rothschild & Co Redburn; PT USD 188
- Calix (CALX) Downgraded to Market Perform at Northland; PT USD 52
- DHT Holdings (DHT) Downgraded to Inline at Evercore ISI; PT USD 19
- Driven Brands (DRVN) Downgraded to Market Perform at William Blair
- Frontline PLC (FRO) Downgraded to Inline at Evercore ISI; PT USD 38
- Gitlab (GTLB) Downgraded to Neutral at BofA
- Hertz (HTZ) Downgraded to Sell at Northcoast; PT USD 5
- Home Bancorp (HBCP) Downgraded to Neutral at Piper Sandler
- Nordic American Tankers (NAT) Downgraded to Underperform at Evercore ISI
- Penguin Solutions (PENG) Downgraded to Equal-Weight at Barclays; PT USD 27
- Prudential Financial (PRU) Downgraded to Hold at Jefferies; PT USD 98
- Prudential Financial (PRU) Downgraded to Underweight at Barclays; PT USD 91
- Qualcomm (QCOM) Downgraded to Underweight at Barclays; PT USD 130
- Synchrony Financial (SYF) Downgraded to Neutral at BTIG
- Xpeng (XPEV) ADRs Downgraded to Underperform at BNP Paribas
- Zscaler (ZS) Downgraded to Equal-Weight at Morgan Stanley; PT USD 155
INITIATIONS
- Affirm Holdings (AFRM) Reinitiated at Outperform at BMO; PT USD 75
- Block (XYZ) Reinitiated at Market Perform at BMO; PT USD 74
- Cava Group (CAVA) Initiated at New Buy at Roth Capital Partners; PT USD 106
- Chime Financial (CHYM) Initiated at New Outperform at BMO; PT USD 30
- First Tracks Biotherapeutics (TRAX) Initiated at New Overweight at Barclays
- Fiserv (FISV) Reinitiated at Market Perform at BMO; PT USD 65
- Global Payments (GPN) Reinitiated at Market Perform at BMO; PT USD 76
- Global-e Online (GLBE) Initiated at New Outperform at BMO; PT USD 42
- Klarna (KLAR) Initiated at New Market Perform at BMO; PT USD 16
- Mastercard (MA) Reinitiated at Outperform at BMO; PT USD 605
- Micron (MU) Reinitiated at Buy at William O'Neil
- PayPal (PYPL) Reinitiated at Market Perform at BMO; PT USD 52
- Portillo's (PTLO) Initiated at New Buy at Roth Capital Partners; PT USD 9
- SharonAI (SHAZ) Initiated at New Buy at Compass Point; PT USD 50
- Shift4 Payments (FOUR) Initiated at New Market Perform at BMO; PT USD 50
- Steel Dynamics (STLD) Reinitiated at Buy at William O'Neil
- Toast (TOST) Initiated at New Outperform at BMO; PT USD 35
- Twilio (TWLO) Reinitiated at Buy at William O'Neil
- Viking Holdings (VIK) Initiated at New Positive at Susquehanna; PT USD 100
- Visa (V) Reinitiated at Outperform at BMO; PT USD 365
- Whirlpool (WHR) Initiated at New Neutral at Citi; PT USD 60
- WisdomTree (WT) Initiated at New Outperform at Raymond James; PT USD 20
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