BROKER MOVES: TMUS upgraded at BofA; TFC downgraded at Morgan Stanley
UAE crude production jumps above 3.8mln BPD in June, according to source reports
Saudi Arabia August OSPs: Arab Light crude oil to Asia set at USD -1.50/bbl to ICE Brent settlement, according to a pricing document
BROKER MOVES: TMUS upgraded at BofA; TFC downgraded at Morgan Stanley
TeraWulf (WULF) has entered into a definitive agreement to sell its 50.1% ownership interest in the Abernathy Joint Venture to an investor group led by its joint venture partner, Fluidstack
Broadcom (AVGO) to develop and supply a range of custom ASIC silicon products for use in multiple generations of Apple (AAPL) products
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UPGRADES
- Agnico Eagle Mines (AEM) Upgraded to Buy at Jefferies; PT USD 200
- Cullen/Frost Bankers (CFR) Upgraded to Hold at Jefferies; PT USD 160
- Flagstar Financial (FLG) Upgraded to Buy at TD Cowen; PT USD 18
- Lincoln National (LNC) Upgraded to Overweight at Barclays; PT USD 45
- Murphy USA (MUSA) Upgraded to Neutral at Goldman Sachs; PT USD 550
- enVVeno Medical (NVNO) Upgraded to Buy at Ladenburg Thalmann; PT USD 30
- Okta (OKTA) Upgraded to Sector Outperform at Scotiabank; PT USD 165
- Qualys (QLYS) Upgraded to Sector Outperform at Scotiabank; PT USD 190
- SentinelOne (S) Upgraded to Sector Outperform at Scotiabank; PT USD 23.50
- Sable Offshore (SOC) Upgraded to Buy at Gerdes Energy Research; PT USD 8
- Tenable (TENB) Upgraded to Sector Outperform at Scotiabank; PT USD 50
- T-Mobile US (TMUS) Upgraded to Buy at BofA Securities; PT USD 220
- US Bancorp (USB) Upgraded to Buy at Jefferies; PT USD 75
DOWNGRADES
- Allstate (ALL) Downgraded to Hold at HSBC; PT USD 264
- Brown & Brown (BRO) Downgraded to Underweight at Morgan Stanley; PT USD 55
- Chubb (CB) Downgraded to Hold at HSBC; PT USD 373
- Delta Air Lines (DAL) Downgraded to Outperform at Raymond James; PT USD 104
- Datadog (DDOG) Downgraded to Market Perform at Bernstein SocGen Group; PT USD 226
- EHang (EH) Downgraded to Underweight at JPMorgan; PT USD 4.40
- Huntington Bancshares (HBAN) Downgraded to Hold at Jefferies; PT USD 19
- J.B. Hunt Transport Services (JBHT) Downgraded to Underweight at Morgan Stanley; PT USD 200
- JetBlue Airways (JBLU) Downgraded to Underperform at Raymond James
- Landstar System (LSTR) Downgraded to Underweight at Morgan Stanley; PT USD 145
- Old Dominion Freight Line (ODFL) Downgraded to Equalweight at Morgan Stanley; PT USD 245
- Bank OZK (OZK) Downgraded to Hold at TD Cowen; PT USD 53
- Prosperity Bancshares (PB) Downgraded to Equalweight at Morgan Stanley; PT USD 80
- Regions Financial (RF) Downgraded to Neutral at DA Davidson
- Slide Insurance (SLDE) Downgraded to Equalweight at Morgan Stanley; PT USD 20
- SL Green Realty (SLG) Downgraded to In Line at Evercore ISI
- Stellantis (STLA) Downgraded to Reduce at HSBC
- Bio-Techne (TECH) Downgraded to In Line at Evercore ISI; PT USD 73
- Truist Financial (TFC) Downgraded to Equalweight at Morgan Stanley; PT USD 54
- Twist Bioscience (TWST) Downgraded to In Line at Evercore ISI
INITIATIONS
- Avalo Therapeutics (AVTX) Initiated at Outperform at Leerink; PT USD 38
- TopBuild (BLD) Initiated at In Line at Evercore ISI; PT USD 360
- Ero Copper (EROC) Initiated at Buy at Guggenheim; PT USD 23
- Ero Copper (EROC) Initiated at Neutral at BofA Securities; PT USD 16
- Ero Copper (EROC) Initiated at Outperform at BNP Paribas Exane; PT USD 22
- Ero Copper (EROC) Initiated at Outperform at Wolfe Research; PT USD 24
- Ero Copper (EROC) Initiated at Outperform at Evercore ISI; PT USD 28
- Ero Copper (EROC) Initiated at Overweight at Morgan Stanley; PT USD 21
- Ero Copper (EROC) Initiated at Overweight at Barclays; PT USD 23
- Ero Copper (EROC) Initiated at Overweight at JPMorgan; PT USD 24
- FRBT (FRBT) Initiated at Buy at TD Cowen
- FRBT (FRBT) Initiated at Buy at Goldman Sachs; PT USD 23.50
- FRBT (FRBT) Initiated at Neutral at JPMorgan; PT USD 21
- FRBT (FRBT) Initiated at Neutral at Piper Sandler; PT USD 21.50
- FRBT (FRBT) Initiated at Overweight at Wells Fargo; PT USD 21
- FRBT (FRBT) Initiated at Overweight at Barclays; PT USD 23
- Glaukos (GKOS) Initiated at Buy at H.C. Wainwright; PT USD 168
- NRG Energy (NRG) Initiated at Buy at Siebert Williams Shank; PT USD 184
- PBLS (PBLS) Initiated at Buy at Guggenheim; PT USD 40
- PBLS (PBLS) Initiated at Buy at BofA Securities; PT USD 45
- PBLS (PBLS) Initiated at Outperform at Evercore ISI
- PBLS (PBLS) Initiated at Outperform at Leerink; PT USD 40
- SEI (SEI) Initiated at Outperform at Wolfe Research; PT USD 120
- WHK (WHK) Initiated at Buy at Stifel; PT USD 30
- WHK (WHK) Initiated at Neutral at JPMorgan; PT USD 28
- WHK (WHK) Initiated at Overweight at Stephens; PT USD 33
- WSE (WSE) Initiated at Overweight at JPMorgan; PT USD 17.50
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