US BROKER MOVES: CHRW upgraded at Citi; AOS downgraded at JPM
The recent upgrades and downgrades from major brokerages indicate a shift in sentiment towards specific companies, with CH Robinson's upgrade to Buy at Citi signaling stronger confidence in its growth prospects, while A O Smith's downgrade to Underweight at JPM suggests concern over its performance.
Strategy (MSTR) to repurchase USD 1.50bln of 2029 notes for estimated USD 1.38bln cash; to fund repurchases with cash, securities sales, and/or bitcoin sales
Michael Carrick offered two-year deal, with the option of a third, to be Manchester United (MANU) manager, Guardian reports
US BROKER MOVES: CHRW upgraded at Citi; AOS downgraded at JPM
German Chancellor Merz says he had a productive call with US President Trump
Diageo's (DGE LN) North American marketing boss, African Chief and HR head are set to leave the co., Bloomberg reports; Diageo to combine Africa and Europe units into one division
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UPGRADES
- Arista Networks (ANET) Upgraded to Outperform at Raymond James; PT USD 164
- Aveanna Healthcare (AVAH) Upgraded to Overweight at Stephens; PT USD 11
- BWX Technologies (BWXT) Upgraded to Buy at Deutsche Bank; PT USD 255
- C.H. Robinson (CHRW) Upgraded to Buy at Citi; PT USD 199
- Cisco (CSCO) Upgraded to Buy at HSBC; PT USD 137
- Crescent Capital BDC (CCAP) Upgraded to Buy at B Riley; PT USD 13.50
- FirstEnergy (FE) Upgraded to Buy at TD Cowen; PT USD 53
- RXO (RXO) Upgraded to Buy at Stifel; PT USD 22
- Sutro Biopharma (STRO) Upgraded to Outperform at Wedbush; PT USD 60
- Texas Roadhouse (TXRH) Upgraded to Outperform at RBC; PT USD 210
- Timken (TKR) Upgraded to Neutral at JPMorgan; PT USD 130
DOWNGRADES
- A O Smith Corp (AOS) Downgraded to Underweight at JPMorgan; PT USD 60
- Aardvark Therapeutics (AARD) Downgraded to Underweight at Morgan Stanley
- Allegion (ALLE) Downgraded to Neutral at JPMorgan; PT USD 150
- Alumis (ALMS) Downgraded to Neutral at HC Wainwright
- Amdocs (DOX) Downgraded to Sell at CFRA
- Crescent Capital BDC (CCAP) Downgraded to Market Perform at Oppenheimer
- Doximity (DOCS) Downgraded to Equal-Weight at Barclays
- Gambling.com (GAMB) Downgraded to Speculative Buy at Benchmark; PT USD 4
- Jasper Therapeutics (JSPR) Downgraded to Hold at TD Cowen
- Okeanis Eco Tankers (ECO) Downgraded to Neutral at Clarksons; PT USD 51.52
- Optimum Communications I (OPTU) Downgraded to Sell at Citi; PT 50 cents
- Phreesia (PHR) Downgraded to Equal-Weight at Barclays
- Tango Therapeutics (TNGX) Downgraded to Neutral at Piper Sandler; PT USD 24
- Viking Holdings (VIK) Downgraded to Equal-Weight at Morgan Stanley; PT USD 86
INITIATIONS
- Atrium Therapeutics (RNA) Initiated at New Outperform at Leerink; PT USD 25
- CNB Financial (CCNE) Initiated at New Neutral at DA Davidson; PT USD 34
- Eastern Bankshares (EBC) Initiated at New Buy at DA Davidson; PT USD 24
- Independent Bank Corp (INDB) Initiated at New Outperform at Hovde Group
- Orrstown (ORRF) Initiated at New Neutral at DA Davidson; PT USD 41
- Prelude Therapeutics (PRLD) Initiated at New Early Stage at Goldman
- Unity Bancorp (UNTY) Reinstated Buy at DA Davidson; PT USD 68
- Vertiv Holdings (VRT) Initiated at New Buy at Loop Capital; PT USD 500
These changes can influence market perceptions and stock prices, particularly in the sectors involved. Watch for potential ripple effects among peers in the air freight, logistics, and manufacturing sectors as analysts reassess their outlooks.
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