US BROKER MOVES: AVAV upgraded at Raymond James; LULU downgraded at Truist
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Dana Gas says it shut main production facilities at Iraq's Khor Mor field due to credible security threats and escalating regional tensions
Sharon AI (SHAZ) to deploy 62k+ Nvidia (NVDA) GPUs by mid-2027
US BROKER MOVES: AVAV upgraded at Raymond James; LULU downgraded at Truist
US Bancorp (USB) says merchant processing growth slowed during the quarter, while card issuing remained strong and corporate payments rebounded on core demand and new business installations
Uber (UBER) CEO says he expects high single-digit percentage accretion by year three; expects transaction to be non-GAAP EPS accretive upon close
On the Newsquawk feed at , 20 minutes before this page.
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UPGRADES
- AeroVironment (AVAV) Upgraded to Outperform at Raymond James; PT USD 210
- BlackRock (BLK) Upgraded to Overweight at JPMorgan; PT USD 1,364 (prev USD 1,165)
- Cintas (CTAS) Upgraded to Buy at BofA Securities; PT USD 230 (prev USD 200)
- Ero Copper (ERO) Upgraded to Buy at BofA Securities; PT USD 34 (prev USD 30)
- Flex (FLEX) Upgraded to Buy at Freedom Capital; PT USD 150 (prev USD 144)
- Mueller Industries (MLI) Upgraded to Buy at Northcoast
- Okta (OKTA) Upgraded to Overweight at Capital One
- Palo Alto Networks (PANW) Upgraded to Overweight at Capital One
- Rocket Companies (RKT) Upgraded to Overweight at Morgan Stanley; PT USD 19 (prev USD 18)
DOWNGRADES
- American Electric Power (AEP) Downgraded to Neutral at Goldman Sachs; PT USD 147
- Claros Mortgage Trust (CMTG) Downgraded to Neutral at UBS; PT USD 2.75
- Etsy (ETSY) Downgraded to Neutral at BTIG
- Granite Point Mortgage Trust (GPMT) Downgraded to Neutral at UBS; PT USD 1.50
- Ionis Pharmaceuticals (IONS) Downgraded to Peerperform at Wolfe Research
- Lululemon Athletica (LULU) Downgraded to Sell at Truist Securities; PT USD 94
- Intellia Therapeutics (NTLA) Downgraded to Underperform at Wolfe Research; PT USD 9
- Nutrien (NTR) Downgraded to Hold at Jefferies
- Pentair (PNR) Downgraded to Hold at Stifel; PT USD 65 (prev USD 103)
- ResMed (RMD) Downgraded to Sector Perform at RBC Capital; PT USD 234
- W. R. Berkley (WRB) Downgraded to Underperform at BofA Securities; PT USD 68
INITIATIONS
- Arteris (AIP) Initiated Outperform at Oppenheimer; PT USD 40
- Cinemark Holdings (CNK) Initiated Equal Weight at Wells Fargo; PT USD 31
- Compass Diversified (CODI) Initiated Buy at TD Cowen; PT USD 12.50
- IMAX (IMAX) Initiated Equal Weight at Wells Fargo; PT USD 41
- Mastercard (MA) Initiated Buy at Clear Street; PT USD 617
- Mid-America Apartment Communities (MAA) Initiated Neutral at JPMorgan; PT USD 147
- PayPal (PYPL) Initiated Hold at Clear Street; PT USD 61
- Relay Therapeutics (RLAY) Initiated Buy at Canaccord; PT USD 29
- Tenaris (TMS) Initiated Outperform at Northland; PT USD 14
- Visa (V) Initiated Buy at Clear Street; PT USD 403
- Block (XYZ) Initiated Hold at Clear Street; PT USD 82
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