US BROKER MOVES: AIG upgraded at Piper Sandler; TRV downgraded at Morgan Stanley
Newsquawk Staff ·
UPGRADES
- Arthur J. Gallagher (AJG) Upgraded to Overweight at Piper Sandler; PT USD 276 (prev USD 225)
- AMC Entertainment (AMC) Upgraded to Buy at Texas Capital Securities; PT USD 3
- CAVA Group (CAVA) Upgraded to Overweight at Morgan Stanley; PT USD 90 (prev USD 86)
- CNX Resources (CNX) Upgraded to Hold at Truist Securities; PT USD 35
- Digital Realty Trust (DLR) Upgraded to Buy at Guggenheim; PT USD 200
- Powell Industries (POWL) Upgraded to Buy at GLJ Research; PT USD 427
- Tenaris (TS) Upgraded to Equalweight at Morgan Stanley; PT USD 65 (prev USD 53)
DOWNGRADES
- Ambev (ABEV) Downgraded to Sector Perform at Scotiabank
- American International Group (AIG) Downgraded to Neutral at Piper Sandler; PT USD 80 (prev USD 88)
- Allstate (ALL) Downgraded to Neutral at UBS; PT USD 261 (prev USD 255)
- Aon (AON) Downgraded to Neutral at Piper Sandler; PT USD 377 (prev USD 355)
- The Chefs' Warehouse (CHEF) Downgraded to Equalweight at Morgan Stanley; PT USD 97 (prev USD 83)
- Check Point Software (CHKP) Downgraded to Market Perform at Raymond James
- Element Solutions (ESI) Downgraded to Neutral at Mizuho; PT USD 45 (prev USD 54)
- Evofem Biosciences (EVO) Downgraded to Hold at TD Cowen; PT USD 2 (prev USD 4)
- The Hartford (HIG) Downgraded to Neutral at Piper Sandler; PT USD 146 (prev USD 148)
- IBM (IBM) Downgraded to Perform at Oppenheimer
- PagSeguro Digital (PAGS) Downgraded to Neutral at BofA Securities; PT USD 10 (prev USD 12)
- Pentair (PNR) Downgraded to Sector Perform at RBC Capital; PT USD 74 (prev USD 101)
- StoneCo (STNE) Downgraded to Neutral at BofA Securities; PT USD 13 (prev USD 23)
- TriCo Bancshares (TCBK) Downgraded to Equal Weight at Stephens; PT USD 54
- TransDigm Group (TDG) Downgraded to Equalweight at Morgan Stanley; PT USD 1,345 (prev USD 1,680)
- Travelers (TRV) Downgraded to Underweight at Morgan Stanley; PT USD 290 (prev USD 333)
INITIATIONS
- Agree Realty (ADC) Initiated Outperform at Huntington; PT USD 84
- ArcBest (ARCB) Initiated Market Outperform at Citizens; PT USD 180
- C.H. Robinson Worldwide (CHRW) Initiated Market Outperform at Citizens; PT USD 235
- CSX (CSX) Initiated Market Perform at Citizens
- Covenant Logistics Group (CVLG) Initiated Market Outperform at Citizens; PT USD 60
- Expeditors International (EXPD) Initiated Market Perform at Citizens
- FedEx (FDX) Initiated Market Outperform at Citizens; PT USD 375
- FTAI Aviation (FTAI) Initiated Market Outperform at Citizens; PT USD 375
- Global Net Lease (GNL) Initiated Market Perform at Huntington; PT USD 10
- Gladstone Commercial (GOOD) Initiated Market Perform at Huntington; PT USD 13
- GXO Logistics (GXO) Initiated Market Outperform at Citizens; PT USD 80
- J.B. Hunt Transport Services (JBHT) Initiated Market Perform at Citizens
- Knight-Swift Transportation (KNX) Initiated Market Outperform at Citizens; PT USD 90
- Lantronix (LTRX) Initiated Buy at Jones Trading; PT USD 12
- Pharvaris (PHVS) Initiated Overweight at Wells Fargo; PT USD 55
- Ryder System (R) Initiated Market Perform at Citizens
- Ring Energy (REI) Initiated Buy at BofA Securities; PT USD 2
- Rollins (ROL) Initiated Neutral at Citi; PT USD 46
- RXO (RXO) Initiated Market Perform at Citizens
- Tango Therapeutics (TNGX) Initiated Overweight at JPMorgan; PT USD 46
- U-Haul Holding (UHAL) Initiated Market Outperform at Citizens; PT USD 90
- Unusual Machines (UMAC) Initiated Buy at H.C. Wainwright; PT USD 42
- Union Pacific (UNP) Initiated Market Outperform at Citizens; PT USD 350
- UPS (UPS) Initiated Market Perform at Citizens
- Veracyte (VCYT) Initiated Overweight at Piper Sandler; PT USD 66
- Wabash National (WNC) Initiated Market Outperform at Citizens; PT USD 25
- XPO (XPO) Initiated Market Perform at Citizens
- Kimi K3.1 Pro AI model builds GTA VI-style (TTWO) playable game demo in just 10 hours for USD 52, developer claims on X; showcases AI’s ability to generate video game experiences - UNCONFIRMED
- Newsquawk Weekly Economic Release 26th - 30th October 2026
- Daily US Equity Opening News: SPCX explores access to 80K US cell sites; OpenAI nears USD 30bln funding at $1.25T valuation
- Oracle (ORCL) to invest USD 1bln in partner ecosystem over 4 years
- Daily US Equity Opening News - SPCX explores access to 80K US cell sites; OpenAI nears USD 30bln funding at USD 1.25tln valuation; AAPL foldable iPhone launches; SKHY cancels Solidigm Nasdaq IPO plans; WDC beat and raise
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