US BROKER MOVES: AA upgraded Wells Fargo; ORCL upgraded at Arete
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.
Citi (C) aims for a medium-term return on common equity of 14-15% by 2029-31 and 10-11% return on tangible common equity by 2026, investor day
PRIMER - Today’s Fedspeak includes Daly, Kashkari, Hammack, Williams
US BROKER MOVES: AA upgraded Wells Fargo; ORCL upgraded at Arete
US PRE-MARKET MOVERS: DDOG, ARM, FTNT, SNAP, DASH, WHR, ALB, NTR, HWM, MCD, ORCL
Newsquawk Daily US Conference Calendar: WM, BLK, NDAQ
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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
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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