US BROKER MOVES: ARM double upgraded at HSBC; MOS downgraded at BofA
UPGRADES
- Air Products (APD) Upgraded from Neutral to Overweight W/ USD 310.00 PT (prev. USD 280.00) at JPMorgan
- Arm Holdings (ARM) Upgraded from Reduce to Buy W/ USD 205.00 PT at HSBC
- ARC Resources (ARX) Upgraded from Equal Weight to Overweight W/ USD 15.00 PT (prev. USD 17.00) at Wells Fargo
- AptarGroup (ATR) Upgraded from Equal Weight to Overweight W/ USD 144.00 PT (prev. USD 133.00) at Wells Fargo
- BP (BP) Upgraded from Reduce to Hold W/ USD 45.30 PT (prev. USD 35.10) at HSBC
- Chipotle Mexican Grill (CMG) Upgraded from Neutral to Outperform W/ USD 40.00 PT (prev. USD 37.00) at Mizuho
- Crescent Energy (CRGY) Upgraded from Neutral to Overweight W/ USD 19.00 PT (prev. USD 12.00) at JPMorgan
- FIGS (FIGS) Upgraded from Perform to Outperform W/ USD 22.00 PT at Oppenheimer
- Freshpet (FRPT) Upgraded from Perform to Outperform W/ USD 80.00 PT at Oppenheimer
- German American Bancorp (GABC) Upgraded from Neutral to Overweight W/ USD 47.00 PT at Piper Sandler
- Halliburton (HAL) Upgraded from In Line to Outperform W/ USD 42.00 PT (prev. USD 36.00) at Evercore ISI
- HP Inc. (HP) Upgraded from In Line to Outperform W/ USD 43.00 PT (prev. USD 37.00) at Evercore ISI
- Mettler-Toledo (MTD) Upgraded from Hold to Buy W/ USD 1,450.00 PT (prev. USD 1,400.00) at Jefferies
- ONEOK (OKE) Upgraded from Hold to Buy W/ USD 98.00 PT (prev. USD 85.00) at Jefferies
- Occidental Petroleum (OXY) Upgraded from Underweight to Neutral W/ USD 63.00 PT (prev. USD 44.00) at JPMorgan
- SolarEdge Technologies (SEDG) Upgraded from Underperform to Hold W/ USD 49.00 PT (prev. USD 30.00) at Jefferies
- SM Energy (SM) Upgraded from Neutral to Overweight W/ USD 40.00 PT (prev. USD 16.00) at JPMorgan
DOWNGRADES
- Amcor (AMCR) Downgraded from Overweight to Equal Weight W/ USD 43.00 PT (prev. USD 48.00) at Wells Fargo
- Magnite (MAGN) Downgraded from Overweight to Equal Weight W/ USD 12.00 PT (prev. USD 19.00) at Wells Fargo
- Mosaic (MOS) Downgraded from Buy to Neutral W/ USD 30.00 PT (prev. USD 33.00) at BOFA Securities
- O-I Glass (OI) Downgraded from Overweight to Equal Weight W/ USD 13.00 PT (prev. USD 18.00) at Wells Fargo
INITIATIONS
- CEVA (CEVA) Initiated Buy W/ USD 22.00 PT at TD Cowen
- Fluence Energy (FLNC) Initiated Hold at Needham
- Generac (GNRC) Initiated Hold W/ USD 222.00 PT at Jefferies
- MicroStrategy (MSTR) Initiated Buy W/ USD 200.00 PT at Texas Capital Securities
- OGE Energy (OGE) Initiated Overweight W/ USD 52.00 PT at JPMorgan
- Perion Network (PERI) Initiated Buy W/ USD 14.00 PT at Canaccord
- Photronics (PLAB) Initiated Buy W/ USD 46.00 PT at Lake Street
- Rubrik (RBRK) Initiated Buy W/ USD 64.00 PT at BTIG
- SEI Investments (SEI) Initiated Equal Weight W/ USD 71.00 PT at Wells Fargo
- Solid Biosciences (SLDB) Initiated Buy W/ USD 26.00 PT at Guggenheim
Context
HSBC's double upgrade of Arm Holdings from 'Reduce' to 'Buy' signals significant bullish sentiment, indicating a strong outlook for the company amidst competitive dynamics in its sector. Conversely, Mosaic's downgrade by Bank of America from 'Buy' to 'Neutral' suggests reduced growth expectations, which could impact investor sentiment and drive price action in the agricultural chemicals space. Overall, these shifts reflect broader market evaluations that could influence trading strategies in the respective stocks.
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