US BROKER MOVES: ABNB upgraded at Oppenheimer; PLTR downgraded at HSBC
This series of upgrades and downgrades indicates a mixed sentiment among analysts regarding specific stocks.
Newsquawk StaffPublished On the live feed at — 5 more headlines followed before this page went public
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Senior Iranian official says Iran fired a warning shot against a US warship to prevent its entry into the Strait of Hormuz, Reuters reports; unclear whether there was any damage
CNB Governor Michl says they must ensure that real interest rates remain positive to prevent a repeat of inflation post COVID
US BROKER MOVES: ABNB upgraded at Oppenheimer; PLTR downgraded at HSBC
GameStop (GME) CEO Cohen says has not had conversations with eBay (EBAY)
US CENTCOM says no US navy ships have been struck; US forces are supporting Project Freedom and enforcing the naval blockade on Iranian ports
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UPGRADES
- Acadia Health (ACHC) Upgraded to Strong Buy at Raymond James; PT USD 39
- Airbnb (ABNB) Upgraded to Outperform at Oppenheimer; PT USD 180
- Amazon (AMZN) Upgraded to Buy at Fubon; PT USD 320
- Casella Waste (CWST) Upgraded to Overweight at Barclays; PT USD 102
- Celcuity (CELC) Upgraded to Buy at HC Wainwright; PT USD 165
- Diana Shipping (DSX) Upgraded to Buy at Arctic Securities; PT USD 3.80
- Essex Property (ESS) Upgraded to Overweight at Piper Sandler; PT USD 310
- GlobalFoundries (GFS) Upgraded to Overweight at Cantor; PT USD 80
- International Paper (IP) Upgraded to Overweight at Wells Fargo; PT USD 39
- O-I Glass (OI) Upgraded to Overweight at Wells Fargo; PT USD 13
- Packaging Corp. (PKG) Upgraded to Buy at Deutsche Bank; PT USD 256
- RenaissanceRe (RNR) Upgraded to Overweight at Cantor; PT USD 340
- Seanergy Maritime Holdings (SHIP) Upgraded to Buy at Arctic Securities
- SiteOne Landscape (SITE) Upgraded to Buy at Stifel; PT USD 157
- Star Bulk (SBLK) Upgraded to Buy at Arctic Securities; PT USD 36.50
- Trade Desk (TTD) Upgraded to Neutral at Wedbush; PT USD 23
DOWNGRADES
- Alexandria Real Estate (ARE) Downgraded to Neutral at Baird; PT USD 46
- AMD (AMD) Downgraded to Hold at HSBC; PT USD 340
- Check Point Software (CHKP) Downgraded to Neutral at BofA; PT USD 120
- Esperion Therapeutics (ESPR) Downgraded to Hold at Jefferies; PT USD 3.28
- Esperion Therapeutics (ESPR) Downgraded to Neutral at Piper Sandler; PT USD 3.16
- Palantir (PLTR) Downgraded to Hold at HSBC; PT USD 151
- Prudential Financial (PRU) Downgraded to Underweight at Morgan Stanley
- Safehold Inc (SAFE) Downgraded to Sector Perform at RBC; PT USD 16
- Vital Farms (VITL) Downgraded to Neutral at DA Davidson; PT USD 16
INITIATIONS
- Bimergen Energy (BESS) Initiated at New Buy at ThinkEquity; PT USD 10
- Compass Pathways (CMPS) ADRs Initiated at New Buy at Jefferies; PT USD 18
- Fannie Mae (FNMA) Initiated at New Outperform at Mizuho Securities; PT USD 10
- First Tracks Biotherapeutics (TRAX) US Initiated at New Overweight at Piper Sandler; PT USD 54
- Freddie Mac (FMCC) Initiated at New Outperform at Mizuho Securities; PT USD 9
- HeartFlow (HTFL) Initiated at New Outperform at William Blair
- MapLight Therapeutics (MPLT) Initiated at New Buy at HC Wainwright; PT USD 45
- Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) Initiated at New Buy at Stifel
- Postal Realty (PSTL) Initiated at New Sector Outperform at Scotiabank; PT USD 23
- Quoin Pharmaceuticals (QNRX) US Initiated at New Buy at Lucid Capital Markets; PT USD 30
- Seer (SEER) Initiated at New Buy at Canaccord; PT USD 4
- Suncrete (RMIX) Initiated at New Outperform at William Blair
- Tonix Pharma (TNXP) Initiated at New Buy at TD Cowen; PT USD 22
Context
Notably, the upgrade of Airbnb (ABNB) to Outperform suggests improving optimism about its growth potential, which could drive investor interest and possibly affect its stock price upward. Meanwhile, the downgrade of Palantir (PLTR) to Hold indicates growing caution, potentially limiting its upside and impacting market perceptions within the tech sector.
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