US BROKER MOVES: AVGO upgraded at Macquarie; MRNA downgraded at Rothschild Redburn
Daily broker roundups of this size tend to move only the names involved, and usually only at the open; sustained repricing has historically required either a large-cap with heavy index weight or a call that breaks decisively from consensus.
US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO and HPE fall on outlooks; SNOW surges on earnings beat
Fed Governor Waller (Voter) says with CPI and PPI in hand, have a pretty accurate view of PCE inflation
US BROKER MOVES: AVGO upgraded at Macquarie; MRNA downgraded at Rothschild Redburn
Saudi's Humain reportedly eyes USD 2.5bln fund to build data centres
Revelio Labs Nonfarm Payrolls (Aug): +36.5k (prev. +79.2k, rev. +50.8k)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
UPGRADES
- Amalgamated Financial (AMAL) upgraded from Neutral to Outperform; PT USD 55 at Raymond James
- Broadcom (AVGO) upgraded from Neutral to Outperform at Macquarie
- BWX Technologies (BWXT) upgraded from Neutral to Buy; PT USD 181 at Jefferies
- Copart (CPRT) upgraded from Neutral to Overweight; PT USD 40 (prev. USD 32) at JPMorgan
- Envista Holdings (NVST) upgraded from Neutral to Overweight; PT USD 32 (prev. USD 29) at JPMorgan
DOWNGRADES
- Brookfield Asset Management (BAM) downgraded from Outperform to Market Perform; PT USD 91 at Itau BBA
- Fluence Energy (FLNC) downgraded from Equalweight to Underweight; PT USD 10 (prev. USD 16) at Barclays
- Grupo Financiero Galicia (GGAL) downgraded from Outperform to Market Perform; PT USD 60 at Itau BBA
- Moderna (MRNA) downgraded from Neutral to Sell; PT USD 81 (prev. USD 40) at Rothschild Redburn
- NIO (NIO) downgraded from Buy to Hold; PT USD 4 (prev. USD 7) at Freedom Broker
- Pacific Gas & Electric (PCG) downgraded from Buy to Hold; PT USD 17 (prev. USD 21) at Truist Securities
- Sonoco Products (SON) downgraded from Buy to Neutral; PT USD 60 (prev. USD 69) at BofA Securities
INITIATIONS
- Broadcom (AVGO) initiated Buy; PT USD 600 at Rosenblatt
- BWX Technologies (BWXT) initiated Buy; PT USD 181 at Jefferies
- Liberty Latin America (LILAK) initiated Neutral; PT USD 9 at UBS
- Pagaya Technologies (PGY) initiated Buy at TD Cowen
- Prudential (PUK) initiated Buy; PT USD 39.30 at Berenberg
- RingCentral (RNG) initiated Outperform; PT USD 85 at RBC Capital
- Tiziana Life Sciences (TLSA) initiated Buy; PT USD 7 at BTIG
- Thermo Fisher Scientific (TMO) initiated Outperform; PT USD 748 at CLSA
- Uranium Energy (UEC) initiated Hold; PT USD 11.50 at Jefferies
- Vishay Intertechnology (VSH) initiated Buy; PT USD 42 at Truist Securities
Broadcom features twice, an upgrade at Macquarie and a Buy initiation at Rosenblatt, and clustered positive coverage on a megacap has tended to matter more through the peer set than through the single stock, with read-through to the broader AI semiconductor complex when the framing is thematic rather than idiosyncratic. The Moderna call is the notable outlier on the sheet: a downgrade to Sell paired with a price target above the prior one, an unusual combination that in past episodes has reflected either a sharp rally having carried the stock well past fair value or a change in coverage assumptions, and the underlying thesis note is the follow-on that separates the two. Elsewhere the downgrades skew toward rate-sensitive and policy-exposed names, including a utility and an Argentine financial, where analyst revisions have tended to lag rather than lead the macro driver. As with most roundup sessions, the durable signal is whether the calls cluster around a theme, here the double Broadcom endorsement, rather than any individual rating change.
Related headlines
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks7 hours ago
- European Equity pre-Market Summary - 3rd September 2026: Choppy Asia-Pac trade as South Korean chip names fall in late trade8 hours ago
- JPMorgan (JPM) reduced lending to Jane Street for bond trading in 2025 as the US bank pushed into bond trading, according to FT17 hours ago
- US EQUITY OPEN: Dovish Waller helps push indices higher although AVGO guidance underwhelms22 min ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO and HPE fall on outlooks; SNOW surges on earnings beat1 hour ago
- Barclays upgrades European Insurance sector to Market Weight from Underweight 6 hours ago
- Commerzbank (CBK GY) to buyback EUR 1.2bln of shares46 min ago
- AbbVie (ABBV) announced positive topline results from the Phase 3 CERVINO study evaluating etentamig in patients with triple-class exposed RRMM; study met its dual primary endpoints54 min ago
- Meta (META) has launched WhatsApp bill payments in India, which will integrate 22,722 billers1 hour ago
- Nvidia (NVDA) confirms it is to acquire Hugging Face for USD 12.93bln; Hugging Face will remain an open platform2 hours ago
- PRIMER - Today’s Fedspeak includes: Waller, Hammack, Goolsbee2 hours ago
- GE Vernova (GEV) supplies 16 turbines for ESB's 96 MW Chleansaid wind farm in Scottish highlands2 hours ago
- Campbell's (CPB) Q4 2026 (USD): Adj. EPS 0.39 (exp. 0.40), revenue 2.14bln (exp. 2.15bln). Cuts quarterly dividend to accelerate debt reduction 2 hours ago
- France reportedly begins tests on Tesla's (TSLA) self-driving technology, sources suggest; results are expected for FSD advanced driver-assistance systems are expected in mid-to-late September4 hours ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates5 hours ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed5 hours ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources5 hours ago
- Micron (MU) plans to roughly double its HBM production capacity to about 100,000 wafers per month by year-end, ET reports6 hours ago
- European Movers: Soitec (SOI FP) +11%, Deutsche Telekom (DTE GY) +1.6%, Equinor (EQNR NO) -0.9%, M&G (MNG LN) -2%, Crest Nicholson (CRST LN) -9%7 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) international investment arm sent a team to Venezuela to review assets after receiving clearance from the US10 hours ago
The whole workspace, free to try.
Try it free