US BROKER MOVES: CGNX upgraded at JPM; CI downgraded at Barclays
Newsquawk Staff ·
UPGRADES
- Albemarle (ALB) Upgraded to Buy at Vertical Research Partners; PT USD 224
- Allient (ALNT) Upgraded to Overweight at JPMorgan; PT USD 80 (prev. USD 65)
- Booz Allen Hamilton (BAH) Upgraded to Buy at Stifel; PT USD 110 (prev. USD 115)
- Cognex (CGNX) Upgraded to Overweight at JPMorgan; PT USD 75 (prev. USD 65)
- Lear (LEA) Upgraded to Buy at TD Cowen; PT USD 165 (prev. USD 138)
- Okta (OKTA) Upgraded to Buy at Arete; PT USD 127
- Occidental Petroleum (OXY) Upgraded to Overweight at Barclays; PT USD 72 (prev. USD 59)
- Pembina Pipeline (PBA) Upgraded to Buy at TD Cowen
- Timken (TKR) Upgraded to Overweight at JPMorgan; PT USD 150 (prev. USD 130)
- Travelers (TRV) Upgraded to Neutral at JPMorgan; PT USD 322 (prev. USD 316)
- Ternium (TX) Upgraded to Outperform at Itau BBA; PT USD 59
DOWNGRADES
- Astera Labs (ALAB) Downgraded to Market Perform at Northland
- BridgeBio Pharma (BBIO) Downgraded to Market Perform at Raymond James
- BayCom (BCML) Downgraded to Neutral at DA Davidson; PT USD 34
- Cigna (CI) Downgraded to Equalweight at Barclays; PT USD 304 (prev. USD 310)
- Cosan (CSAN) Downgraded to Reduce at HSBC; PT USD 3.20 (prev. USD 5.00)
- Intel (INTC) Downgraded to Market Perform at Northland
- Semtech (SMTC) Downgraded to Market Perform at Northland
- Vodafone (VOD) Downgraded to Underperform at BofA Securities; PT USD 13.13 (prev. USD 15.55)
INITIATIONS
- Amentum Holdings (AMTM) Initiated at New Underperform at BNP Paribas Exane; PT USD 22
- Connect Biopharma (CNTB) Initiated at New Buy at Canaccord; PT USD 6
- Dave (DAVE) Initiated at New Buy at UBS; PT USD 300
- Danaher (DHR) Initiated at New Buy at Citi; PT USD 230
- DT Midstream (DTM) Initiated at New Sector Outperform at Scotiabank; PT USD 176
- Parsons (PSN) Initiated at New Underperform at BNP Paribas Exane
- Regis (RGS) Initiated at New Buy at Lake Street; PT USD 42
- Telos (TLS) Initiated at New Buy at Needham
- Verrica Pharmaceuticals (VRCA) Initiated at New Buy at H.C. Wainwright; PT USD 12
- Varonis Systems (VRNS) Initiated at New Sector Weight at KeyBanc
- Woodward (WWD) Initiated at New Positive at Susquehanna; PT USD 423
- US EQUITY OPEN: Tech lags with NVDA after Huang's departure
- White House official says US President Trump is standing by Commerce Secretary Lutnick for now, despite growing scrutiny over his department’s failure to act on longstanding concerns that China was gaining access to Nvidia’s advanced chips, reports CNN
- Daily US Equity Opening News - 12th November 2026: NVDA board weighs CEO ouster on fresh affair claims; CRWV reportedly to raise $4B+ in IG loans
- [ANALYSIS] Nvidia (NVDA), where thing's stand, and the potential path ahead
- Daily US Equity Opening News - NVDA board considers CEO ouster after fresh affair allegations; Hon Hai Q3 net profit beat; CRWV slides on USD 4bln financing report; CTVA down on guidance cut; PFE & BX agree USD 1.5bln obesity co-funding
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