US BROKER MOVES: AA upgraded at JPM; ADBE downgraded at Barclays
UPGRADES
- Qiagen (QGEN) upgraded to Buy at Deutsche Bank; PT USD 54
- Ollie's Bargain (OLLI) upgraded to Overweight at Wells Fargo; PT USD 130
- NIO Inc. (NIO) ADRs upgraded to Buy at HSBC; PT USD 6.80
- Linde (LIN) upgraded to Overweight at JPMorgan; PT USD 525
- Korro Bio, Inc. (KRRO) upgraded to Outperform at Raymond James; PT USD 23
- Knight-Swift (KNX) upgraded to Buy at Citi; PT USD 64
- Hallador Energy (HNRG) upgraded to Buy at B Riley; PT USD 27
- Flagstar Bank (FLG) upgraded to Outperform at KBW; PT USD 16
- Esquire Finl (ESQ) upgraded to Strong Buy at Raymond James; PT USD 125
- El Pollo Loco (LOCO) upgraded to Buy at Benchmark; PT USD 14
- Celanese (CE) upgraded to Overweight at Wells Fargo; PT USD 70
- BBB Foods (TBBB) upgraded to Outperform at Itau BBA; PT USD 42
- Alcoa (AA) upgraded to Neutral at JPMorgan; PT USD 68
- Air Products (APD) upgraded to Overweight at Wells Fargo; PT USD 325
DOWNGRADES
- TIC Solutions (TIC) downgraded to Neutral at JPMorgan; PT USD 8
- PSEG (PEG) downgraded to Neutral at Ladenburg Thalmann; PT USD 84.50
- NerdWallet (NRDS) downgraded to Underweight at Morgan Stanley; PT USD 9
- KinderCare (KLC) downgraded to Underweight at Morgan Stanley; PT USD 2.50
- KinderCare (KLC) downgraded to Neutral at Baird; PT USD 1.50
- EverCommerce (EVCM) downgraded to Market Perform at Citizens
- Columbia Finl (CLBK) downgraded to Neutral at Janney Montgomery; PT USD 19
- Adobe (ADBE) downgraded to Equal-Weight at Barclays; PT USD 275
- Abacus Global Management (ABX) downgraded to Neutral at Piper Sandler; PT USD 11
INITIATIONS
- Tyson (TSN) initiated at Sell at Banco BTG Pactual; PT USD 58
- Pilgrim's Pride (PPC) initiated at Neutral at Banco BTG Pactual; PT USD 40
- L3Harris (LHX) initiated at Buy at William O'Neil
- Karman Holdings (KRMN) initiated at Buy at Needham; PT USD 125
- H2O America (HTO) initiated at Outperform at Baird; PT USD 67
- Equillium (EQ) initiated at Buy at Roth Capital Partners; PT USD 12
- Apellis Pharma (APLS) initiated at Buy at Roth Capital Partners; PT USD 31
- Alphabet (GOOGL) initiated at Buy at Soochow Securities Int'l; PT USD 403.04
Context
The recent upgrades and downgrades from various brokers can indicate shifts in market sentiment and sector dynamics. Alcoa's upgrade to Neutral at JPM suggests a cautious optimism, possibly reflecting improved fundamentals, while Adobe's downgrade to Equal-Weight at Barclays may signal concerns about its growth outlook, which could impact tech sector valuations. Traders should consider these ratings alongside recent price movements and sector trends to gauge potential market reactions and investment opportunities.
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