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.
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
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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