US BROKER MOVES: AA upgraded Wells Fargo; ORCL upgraded at Arete
UPGRADES
- Agilon Health (AGL) Upgraded to Buy at Deutsche Bank; PT USD 49
- Agilon Health (AGL) Upgraded to Buy at Jefferies; PT USD 48
- Alcoa (AA) Upgraded to Overweight at Wells Fargo; PT USD 70
- BrightView (BV) Upgraded to Neutral at JPMorgan; PT USD 14
- Chevron (CVX) Upgraded to Hold at Punto Casa de Bolsa; PT USD 202
- Exxon (XOM) Upgraded to Hold at Punto Casa de Bolsa; PT USD 160
- Fortinet (FTNT) Upgraded to Buy at BTIG; PT USD 125
- Freshpet (FRPT) Upgraded to Overweight at JPMorgan; PT USD 68
- Louisiana-Pacific (LPX) Upgraded to Outperform at BMO; PT USD 94
- Oracle (ORCL) Upgraded to Buy at Arete; PT USD 255
- Scorpio Tankers (STNG) Upgraded to Buy at BofA
- Selective Insurance (SIGI) Upgraded to Outperform at BMO; PT USD 97
- United Therapeutics (UTHR) Upgraded to Overweight at Wells Fargo; PT USD 738
DOWNGRADES
- Accuray (ARAY) Downgraded to Neutral at BTIG
- Angi (ANGI) Downgraded to Sector Weight at KeyBanc
- Chiron Real Estate (XRN) Downgraded to Neutral at Compass Point; PT USD 38
- Clear Secure (YOU) Downgraded to Neutral at DA Davidson; PT USD 60
- Criteo (CRTO) ADRs Downgraded to Equal-Weight at Wells Fargo; PT USD 18
- Kennametal (KMT) Downgraded to Hold at Jefferies; PT USD 47.50
- Modiv Industrial (MDV) Downgraded to Neutral at Alliance Global Partners
- Ouster (OUST) Downgraded to Neutral at Cantor
- Portillo's (PTLO) Downgraded to Neutral at Guggenheim
- QuidelOrtho (QDEL) Downgraded to Hold at Jefferies; PT USD 12.50
- Vertical Aerospace (EVTL) Downgraded to Neutral at Cantor
INITIATIONS
- Aprea Therapeutics (APRE) Initiated at New Outperform at Oppenheimer; PT USD 5
- CNH Industrial (CNH) Initiated at New Market Perform at Bernstein; PT USD 11
- Innovex (INVX) Initiated at New Buy at Citi; PT USD 35
Context
The recent upgrades for Alcoa and Oracle indicate a positive shift in sentiment for these companies, which could lead to upward pressure on their stock prices. Specifically, upgrades by credible firms like Wells Fargo and Arete suggest confidence in their growth trajectories or valuations, potentially signaling a broader recovery or strength in their respective sectors. Traders should assess how these changes align with current market trends and analyst consensus to gauge potential investment opportunities.
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