US BROKER MOVES: AAPL upgraded at HSBC; PPG upgraded at BofA
Newsquawk Staff ·
UPGRADES
- Apple (AAPL) Upgraded to Buy at HSBC; PT USD 366 (prev USD 260)
- Arbor Realty Trust (ABR) Upgraded to Neutral at JPMorgan; PT USD 5.50 (prev USD 7.00)
- AST SpaceMobile (ASTS) Upgraded to Buy at B. Riley; PT USD 85
- Echo Global Logistics (ECHO) Upgraded to Strong Buy at Raymond James; PT USD 115
- Ecolab (ECL) Upgraded to Outperform at Oppenheimer; PT USD 320
- Emerson Electric (EMR) Upgraded to Overweight at JPMorgan; PT USD 157
- Ferguson (FERG) Upgraded to Outperform at Zelman & Associates; PT USD 285
- 3M (MMM) Upgraded to Overweight at JPMorgan; PT USD 180 (prev USD 178)
- PPG Industries (PPG) Upgraded to Buy at BofA Securities; PT USD 134 (prev USD 127)
- SBA Communications (SBAC) Upgraded to Overweight at Wells Fargo; PT USD 210 (prev USD 220)
DOWNGRADES
- AGNC Investment (AGNC) Downgraded to Neutral at Compass Point; PT USD 11.50
- AGNC Investment (AGNC) Downgraded to Neutral at JPMorgan; PT USD 12.00 (prev USD 11.00)
- atai Life Sciences (ATAI) Downgraded to Hold at Jefferies; PT USD 7.50 (prev USD 10.00)
- Distribution Solutions Group (DSGR) Downgraded to Market Perform at Barrington Research; PT USD 35 (prev USD 33)
- KKR Real Estate Finance Trust (KREF) Downgraded to Underweight at JPMorgan; PT USD 8.00 (prev USD 6.00)
- Netflix (NFLX) Downgraded to Neutral at KGI Securities; PT USD 75
- Oneok (OKE) Downgraded to Hold at Jefferies; PT USD 95 (prev USD 100)
- Option Care Health (OPCH) Downgraded to Equal Weight at Stephens; PT USD 24
- Sonic Automotive (SAH) Downgraded to Neutral at Seaport Global Securities
INITIATIONS
- HF Sinclair (DINO) Initiated In Line at Evercore ISI; PT USD 85
- First Community Bankshares (FCBM) Initiated Market Perform at Hovde Group; PT USD 14
- Fastly (FSLY) Initiated Buy at Freedom Broker; PT USD 27
- Moody's (MCO) Initiated Buy at Jefferies; PT USD 610
- MSCI (MSCI) Initiated Buy at Jefferies; PT USD 760
- PBF Energy (PBF) Initiated In Line at Evercore ISI; PT USD 58
- Zentalis Pharmaceuticals (ZNTL) Initiated Outperform at Mizuho; PT USD 8
- [MARKET ANALYSIS] Crude benchmarks edge higher as the geopolitical environment remains tense
- [MARKET ANALYSIS] DXY is a touch firmer, Kiwi gains whilst the JPY digests further BoJ source reports
- French Trade Minister has requested a tariff exemption covering cognac and champagne within the US
- Newsquawk Daily European Opening News - 23rd October 2026
- Newsquawk Daily Asia-Pac Opening News - 23rd October 2026
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