BROKER MOVES: INTC see a couple of upgrades post-earnings; DKNG downgraded at MoffettNathanson

Intel (INTC) received multiple upgrades post-earnings, which suggests renewed confidence in its fundamentals and outlook, potentially leading to upward pressure on its stock price.

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Indian Foreign Exchange Reserves (Apr/17) 703.31

Iranian Foreign Minister Araghchi arrives in Islamabad today, Sky News Arabia reports citing sources

BROKER MOVES: INTC see a couple of upgrades post-earnings; DKNG downgraded at MoffettNathanson

"A Pakistani government source told Al Arabiya's correspondent: A second round of talks between America and Iran is expected.", via Al Arabiya

[MARKET UPDATE] Extension of the moves following the reporting around a resumption of US-Iran talks as it gets broader market coverage

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UPGRADES:

  • Altimmune (ALT) Upgraded to Neutral at Goldman; PT USD 2.50
  • AMD (AMD) Upgraded to Buy at DA Davidson; PT USD 375
  • IBM (IBM) Upgraded to Buy at DZ Bank; PT USD 295
  • Intel (INTC) Upgraded to Buy at Citi; PT USD 95
  • Intel (INTC) Upgraded to Outperform at Evercore ISI; PT USD 111
  • Phillips 66 (PSX) Upgraded to Overweight at Morgan Stanley; PT USD 174
  • Polaris (PII) Upgraded to Outperform at Raymond James; PT USD 66
  • Roche (ROP SW) ADRs Upgraded to Equal-Weight at Morgan Stanley; PT USD 46
  • Sandisk (SNDK) Upgraded to Buy at GF Securities; PT USD 1,277
  • Southwest Air (LUV) Upgraded to Hold at HSBC; PT USD 36.10
  • Tesla (TSLA) Upgraded to Hold at DZ Bank; PT USD 385

DOWNGRADES:

  • Bloomin' Brands (BLMN) Downgraded to Underweight at JPMorgan; PT USD 6
  • Calumet (CLMT) Downgraded to Neutral at Goldman; PT USD 36
  • Comcast (CMCSA) Downgraded to Hold at Deutsche Bank; PT USD 34
  • DraftKings (DKNG) Downgraded to Neutral at MoffettNathanson LLC
  • Flutter (FLUT) Downgraded to Neutral at MoffettNathanson LLC
  • Freeport (FCX) Downgraded to Equal-Weight at Morgan Stanley; PT USD 66
  • Insulet (PODD) Downgraded to Neutral at Rothschild & Co Redburn; PT USD 220
  • Iridium Communications (IRDM) Downgraded to Market Perform at Raymond James
  • Kyndryl (KD) Downgraded to Sector Perform at Scotiabank; PT USD 16.50
  • Sportradar (SRAD) Downgraded to Hold at Jefferies; PT USD 14
  • TruBridge (TBRG) Downgraded to Neutral at Cantor

INITIATIONS:

  • Alphabet (GOOGL) Reinitiated at Outperform at Wedbush; PT USD 370
  • Amazon (AMZN) Reinitiated at Outperform at Wedbush; PT USD 300
  • Capital Clean Energy Car (CCEC) Initiated at New Hold at Jefferies; PT USD 20
  • Claritev Corp (CTEV) Reinitiated at Overweight at Barclays; PT USD 28
  • Damora Therapeutics (DMRA) Initiated at New Outperform at RBC; PT USD 40
  • Dorian LPG (LPG) Initiated at New Buy at Jefferies; PT USD 42
  • First Tracks Biotherapeutics (TRAX) Initiated at New Outperform at Leerink
  • Global Ship Lease (GSL) Initiated at New Buy at Jefferies; PT USD 45
  • Hims & Hers Health (HIMS) Initiated at New Overweight at JPMorgan; PT USD 35
  • Intl Seaways (INSW) Initiated at New Buy at Jefferies; PT USD 90
  • Meta (META) Reinitiated at Outperform at Wedbush; PT USD 900
  • Navios Maritime Partners (NMM) Initiated at New Buy at Jefferies; PT USD 85
  • Neonc Technologies (NTHI) Initiated at New Buy at BTIG; PT USD 15
  • Oracle (ORCL) Reinitiated at Outperform at Wedbush; PT USD 225
  • PennyMac (PFSI) Initiated at New Equal-Weight at Stephens; PT USD 100
  • Rocket Cos. (RKT) Initiated at New Overweight at Stephens; PT USD 22.50
  • Scorpio Tankers (STNG) Initiated at New Buy at Jefferies; PT USD 90
  • Shake Shack (SHAK) Initiated at New Buy at Guggenheim; PT USD 120
  • Star Bulk (SBLK) Initiated at New Buy at Jefferies; PT USD 29
  • UWM Holdings (UWMC) Initiated at New Equal-Weight at Stephens; PT USD 4
  • Walker & Dunlop (WD) Initiated at New Overweight at Stephens; PT USD 69
Context

In contrast, DraftKings (DKNG) was downgraded, which may signal concerns over its growth trajectory in a competitive environment. Traders should watch the market reaction to these ratings as they often set the tone for sector sentiment and individual stock performance.

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