BROKER MOVES: META upgraded at Erste; TFC downgraded at UBS
Newsquawk Staff ·
UPGRADES
- AbCellera Biologics (ABCL) Upgraded to Buy at Benchmark; PT USD 11
- Allegiant Travel (ALGT) Upgraded to Buy at Melius
- Bread Financial (BFH) Upgraded to Equalweight at Barclays; PT USD 104
- D.R. Horton (DHI) Upgraded to Outperform at Zelman & Associates
- Meta Platforms (META) Upgraded to Buy at Erste Group
- Cloudflare (NET) Upgraded to Sector Outperform at Scotiabank; PT USD 300
- NVR (NVR) Upgraded to Buy at Zelman & Associates
- Repligen (RGEN) Upgraded to Buy at Benchmark; PT USD 185
- Waste Management (WM) Upgraded to Outperformer at CIBC; PT USD 244
DOWNGRADES
- American Airlines (AAL) Downgraded to Hold at Melius
- Alarum Technologies (ALAR) Downgraded to Neutral at Alliance Global Partners
- Amrize (AMRZ) Downgraded to Hold at Truist Securities; PT USD 48
- Century Communities (CCS) Downgraded to Underperform at Zelman & Associates
- Crinetics Pharmaceuticals (CRNX) Downgraded to Neutral at H.C. Wainwright
- Crinetics Pharmaceuticals (CRNX) Downgraded to Perform at Oppenheimer
- Crinetics Pharmaceuticals (CRNX) Downgraded to Neutral at Cantor Fitzgerald
- Element Solutions (ESI) Downgraded to Hold at Freedom Broker; PT USD 45
- Medpace (MEDP) Downgraded to Hold at Jefferies; PT USD 515
- M/I Homes (MHO) Downgraded to Neutral at Zelman & Associates
- Meritage Homes (MTH) Downgraded to Neutral at Zelman & Associates
- Nano-X Imaging (NNOX) Downgraded to Neutral at Alliance Global Partners
- PennyMac Financial Services (PFSI) Downgraded to Equalweight at Barclays; PT USD 93
- SLM (SLM) Downgraded to Equalweight at Barclays; PT USD 26
- Sysco (SYY) Downgraded to Sell at Melius
- Theravance Biopharma (TBPH) Downgraded to Neutral at H.C. Wainwright
- Truist Financial (TFC) Downgraded to Neutral at UBS; PT USD 55
INITIATIONS
- Adobe (ADBE) Initiated at Underperform at BofA Securities; PT USD 190
- American Healthcare REIT (AHR) Initiated at Overweight at Barclays; PT USD 61
- Arlo Technologies (ARLO) Initiated at Outperform at William Blair
- Atossa Therapeutics (ATOS) Initiated at Buy at Rodman & Renshaw; PT USD 12
- DCH (DCH) Initiated at Neutral at JPMorgan; PT USD 8
- Healthpeak Properties (DOC) Initiated at Equalweight at Barclays; PT USD 23
- ECHO (ECHO) Initiated at Buy at Deutsche Bank; PT USD 143
- Figma (FIG) Initiated at Buy at BofA Securities; PT USD 30
- Fidelity National Information Services (FIS) Initiated at Equalweight at Morgan Stanley; PT USD 47
- Robinhood (HOOD) Initiated at Buy at China Renaissance
- Interactive Brokers (IBKR) Initiated at Hold at China Renaissance
- JAGU (JAGU) Initiated at Buy at Roth; PT USD 3.20
- Kingsoft Cloud (KC) Initiated at Overweight at Morgan Stanley; PT USD 15
- LBRX (LBRX) Initiated at Outperform at Wolfe Research; PT USD 45
- MGX (MGX) Initiated at Buy at Chardan; PT USD 5
- NUAI (NUAI) Initiated at Buy at B. Riley; PT USD 10
- Omega Healthcare Investors (OHI) Initiated at Underweight at Barclays; PT USD 51
- Orion Group (ORN) Initiated at Outperform at Oppenheimer; PT USD 20
- Primoris Services (PRIM) Initiated at Outperform at Oppenheimer; PT USD 135
- Sabra Health Care REIT (SBRA) Initiated at Equalweight at Barclays; PT USD 21
- Shopify (SHOP) Initiated at Buy at BofA Securities; PT USD 150
- SpaceX (SPCX) Initiated at Buy at Stifel; PT USD 190
- SpaceX (SPCX) Initiated at Buy at Citi; PT USD 200
- SpaceX (SPCX) Initiated at Buy at Needham; PT USD 200
- SpaceX (SPCX) Initiated at Buy at Goldman Sachs; PT USD 205
- SpaceX (SPCX) Initiated at Buy at UBS; PT USD 210
- SpaceX (SPCX) Initiated at Buy at Clear Street; PT USD 217
- SpaceX (SPCX) Initiated at Buy at BofA Securities; PT USD 235
- SpaceX (SPCX) Initiated at Buy at Canaccord; PT USD 246
- SpaceX (SPCX) Initiated at Buy at Deutsche Bank; PT USD 255
- SpaceX (SPCX) Initiated at Neutral at MoffettNathanson; PT USD 131
- SpaceX (SPCX) Initiated at Outperform at William Blair
- SpaceX (SPCX) Initiated at Outperform at Mizuho; PT USD 200
- SpaceX (SPCX) Initiated at Outperform at RBC Capital; PT USD 225
- SpaceX (SPCX) Initiated at Outperform at Bernstein SocGen Group; PT USD 239
- SpaceX (SPCX) Initiated at Overweight at JPMorgan; PT USD 225
- SpaceX (SPCX) Initiated at Overweight at Wells Fargo; PT USD 230
- SpaceX (SPCX) Initiated at Overweight at Morgan Stanley; PT USD 300
- SpaceX (SPCX) Initiated at Strong Buy at Raymond James; PT USD 800
- VNET Group (VNET) Initiated at Buy at Deutsche Bank; PT USD 12.50
- Ventas (VTR) Initiated at Equalweight at Barclays; PT USD 99
- Welltower (WELL) Initiated at Equalweight at Barclays; PT USD 254
- Wintrust Financial (WTFC) Initiated at Neutral at UBS; PT USD 170
- OpenAI trims valuation target to USD 1.25tln after previously pitching a higher price, according to FT
- OpenAI is raising up to USD 30bln in funding round at a USD 1.25tln valuation, led by UAE investors, according to CNBC, citing sources; OpenAI is negotiating a commercial deal that would secure more computing capacity from the UAE
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- US EQUITY OPEN: Mag-7 earnings lead Tech and Indices lower as the Middle East situation remains fragile
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