US BROKER MOVES: ADI upgraded at Arete; CART upgraded at Jefferies
The upgrades for Analog Devices (ADI) and Instacart (CART) suggest a positive outlook that could attract investor interest and drive stock price appreciation.
Newsquawk StaffPublished On the live feed at — 6 more headlines followed before this page went public
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Saudi Foreign Ministry says Iran's brazen behaviour toward regional countries confirms the continuation of a hostile approach that cannot be justified and pushes the region toward further escalation, Al Jazeera reports
IRGC Commander says the IRGC will beat the enemies even more vicious than before
US BROKER MOVES: ADI upgraded at Arete; CART upgraded at Jefferies
Sibanye-Stillwater has warned EU's “strategic project” label for its USD 870mln lithium operation falls short of necessary protections to survive global price shocks, Semafor reports
US PRE-MARKET MOVERS: NXST, SYY, META, AA/CENX, NFLX, LLY, AMD
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UPGRADES
- Adecoagro (AGRO) Upgraded to Buy at UBS; PT USD 16.20
- AMD (AMD) Upgraded to Buy at Phillip Secs; PT USD 280
- Analog Devices (ADI) Upgraded to Buy at Arete; PT USD 389
- Badger Meter (BMI) Upgraded to Outperform at Baird; PT USD 173
- Carnival (CCL) Upgraded to Buy at HSBC; PT USD 30.10
- Celsius Holdings (CELH) Upgraded to Buy at Deutsche Bank; PT USD 44
- Colgate-Palmolive (CL) Upgraded to Buy at Deutsche Bank; PT USD 98
- CrowdStrike (CRWD) Upgraded to Outperform at Wolfe; PT USD 450
- Expedia (EXPE) Upgraded to Buy at Jefferies; PT USD 300
- Group 1 Automotive (GPI) Upgraded to Buy at Benchmark; PT USD 425
- Insmed (INSM) Upgraded to Overweight at Morgan Stanley; PT USD 212
- Instacart (CART) Upgraded to Buy at Jefferies; PT USD 45
- Macerich (MAC) Upgraded to Sector Outperform at Scotiabank; PT USD 22
- Novanta (NOVT) Upgraded to Outperform at Baird
- OPENLANE (OPLN) Upgraded to Buy at Northcoast; PT USD 34
- SLM (SLM) Upgraded to Neutral at Compass Point; PT USD 22
DOWNGRADES
- Boston Scientific (BSX) Downgraded to Outperform at Raymond James
- Dole (DOLE) Downgraded to Hold at Deutsche Bank; PT USD 15
- Hartford Insurance Group (HIG) Downgraded to Market Perform at KBW; PT USD 149
- Nomad Foods (NOMD) Downgraded to Hold at Deutsche Bank; PT USD 10
- Ovintiv (OVV) Downgraded to Neutral at Citi; PT USD 62
- Terns (TERN) Downgraded to Equal-Weight at Barclays; PT USD 53
INITIATIONS
- Alcoa (AA) Initiated at New Outperform at CICC; PT USD 73.20
- CBIZ (CBZ) Initiated at New Outperform at BMO; PT USD 33
- Crescent Capital BDC (CCAP) Initiated at New Neutral at B Riley; PT USD 13.50
- FuboTV (FUBO) Initiated at New Market Outperform at Citizens; PT USD 13
- Guardian Pharmacy Services (GRDN) Initiated at New Buy at Jefferies; PT USD 44
- Liberty Formula One (FWONA) Initiated at New Market Outperform at Citizens
- Live Nation (LYV) Initiated at New Market Outperform at Citizens; PT USD 190
- Netflix (NFLX) Initiated at New Market Perform at Citizens
- Nuvalent (NUVL) Initiated at New Overweight at Wells Fargo; PT USD 116
- Opus Genetics Inc (IRD) Initiated at New Overweight at Cantor; PT USD 15
- Qualcomm (QCOM) Initiated at New Neutral at Goldman; PT USD 135
- Sanmina (SANM) Initiated at New Neutral at JPMorgan; PT USD 145
- Seagate (STX) Initiated at New Overweight at JPMorgan; PT USD 525
- Sphere Entertainment (SPHR) Initiated at New Market Outperform at Citizens
- Starbucks (SBUX) Initiated at New Underperform at BNP Paribas; PT USD 84
- Sweetgreen (SG) Initiated at New Underperform at BNP Paribas; PT USD 4.50
- Sylvamo (SLVM) Initiated at New Buy at Truist Secs; PT USD 54
- Talen Energy (TLN) Initiated at New Buy at President Capital Management
- TKO (TKO) Initiated at New Market Outperform at Citizens; PT USD 240
- TSS (TSSI) Initiated at New Buy at Needham; PT USD 16
- Vor BioPharma (VOR) Initiated at New Buy at Jefferies; PT USD 50
- Voyager Technologies (VOYG) Initiated at New Buy at Citi; PT USD 36
- Waystar (WAY) Initiated at New Equal-Weight at Morgan Stanley; PT USD 28
Context
With significant price targets set by respected firms, these recommendations might influence trading activity in the broader tech and consumer sectors. Monitor related peers, as sentiment shifts can create ripple effects across the market.
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