BROKER MOVES: ON upgraded at B Riley; CSX sees a couple of downgrades
UPGRADES:
- CRH (CRH) Upgraded to Add at AlphaValue/Baader
- McDonald's (MCD) Upgraded to Neutral at Rothschild & Co Redburn; PT USD 306
- ON Semi (ON) Upgraded to Buy at B Riley; PT USD 115
- Texas Instruments (TXN) Upgraded to Buy at BofA; PT USD 320
- Texas Instruments (TXN) Upgraded to Equal-Weight at Barclays; PT USD 250
- Triumph Financial Inc (TFIN) Upgraded to Outperform at Raymond James
- W R Berkley Corp (WRB) Upgraded to Market Perform at BMO
DOWNGRADES:
- ASGN (ASGN) Downgraded to Market Perform at BMO; PT USD 33
- ASGN (ASGN) Downgraded to Hold at Truist Secs
- CSX (CSX) Downgraded to Underweight at Morgan Stanley; PT USD 30
- CSX (CSX) Downgraded to Hold at Vertical Research; PT USD 44
- Investar Holding (ISTR) Downgraded to Neutral at Piper Sandler; PT USD 31.50
- Lucky Strike (LUCK) Downgraded to Underweight at JPMorgan; PT USD 6
- Madison Square Garden Sports (MSGS) Downgraded to Neutral at Citi; PT USD 355
- TE Connectivity (TEL) Downgraded to Hold at HSBC; PT USD 234
INITIATIONS:
- Ascent Solar (ASTI) Initiated at New Buy at HC Wainwright; PT USD 20
- Datadog (DDOG) Initiated at New Buy at Rothschild & Co Redburn; PT USD 169.96
- Dynatrace (DT) Initiated at New Neutral at Rothschild & Co Redburn
- Elastic (ESTC) Initiated at New Neutral at Rothschild & Co Redburn; PT USD 49.36
- Equillium (EQ) Initiated at New Outperform at Oppenheimer; PT USD 7
- First Tracks Biotherapeutics (TRAX) Initiated at New Overweight at JPMorgan
- Morgan Stanley (MS) Reinitiated at Buy at William O'Neil
- NuScale Power (SMR) Initiated at New Hold at HSBC; PT USD 13
- Oklo (OKLO) Initiated at New Buy at HSBC; PT USD 96
- Palantir (PLTR) Initiated at New Buy at DZ Bank; PT USD 175
- Sterling Infrastructure (STRL) Reinitiated at Overweight at KeyBanc
Context
This set of analyst ratings highlights a mix of upgrades and downgrades for key companies, indicating a more cautious sentiment on CSX and ASGN while showing bullishness on ON Semiconductor and Texas Instruments. The significant upgrades for these tech firms suggest strong performance expectations, potentially driving their stock prices higher. Watch for market reactions, particularly in sectors impacted by these changes, as they may influence trading strategies and investor sentiment.
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