US BROKER MOVES: CL downgraded at TD Cowen; DOCU downgraded at BofA
The downgrades of Colgate-Palmolive (CL) and DocuSign (DOCU) highlight negative sentiment brewing in these companies.
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US BROKER MOVES: CL downgraded at TD Cowen; DOCU downgraded at BofA
UK CMA will assess whether Microsoft (MSFT) should be given "Strategic Market Status", FT reports
Pakistani and Chinese foreign affairs ministers have met today in Beijing, according to Chinese state media; meeting comes as rumours abound that Beijing could play a role as "guarantor" of any US-Iran deal, Bloomberg's Blas reports
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UPGRADES
- 10X Genomics (TXG) Upgraded to Outperform at William Blair
- Highwoods (HIW) Upgraded to Equal-Weight at Morgan Stanley; PT USD 23
- Nubank (NU) Upgraded to Buy at XP Investimentos; PT USD 21
- Perimeter Solutions (PRM) Upgraded to Buy at UBS
DOWNGRADES
- Colgate-Palmolive (CL) Downgraded to Hold at TD Cowen; PT USD 85
- Docusign (DOCU) Downgraded to Underperform at BofA; PT USD 52
- Humacyte (HUMA) Downgraded to Speculative Buy at Benchmark; PT USD 1
- Lincoln Electric (LECO) Downgraded to Hold at Jefferies
- Phreesia (PHR) Downgraded to Neutral at Baird; PT USD 10
- Phreesia (PHR) Downgraded to Hold at Truist Secs; PT USD 11
- Phreesia (PHR) Downgraded to Neutral at Citi; PT USD 10
- Phreesia (PHR) Downgraded to Neutral at JPMorgan; PT USD 16
- Rockwell Automation (ROK) Downgraded to Hold at Jefferies
- Terns (TERN) Downgraded to Hold at Truist Secs; PT USD 53
- Vertiv Holdings (VRT) Downgraded to Hold at Jefferies
INITIATIONS
- American Tower (AMT) Reinstated Buy at Truist Secs; PT USD 205
- Arista Networks (ANET) Reinstated Buy at Truist Secs; PT USD 161
- Block (XYZ) Initiated at New Buy at Loop Capital; PT USD 75
- Bridger Aerospace Group (BAER) Initiated at New Buy at Stifel; PT USD 3.35
- Cantor Equity Partners II (CEPT) Initiated at New Buy at Benchmark; PT USD 16
- Cisco (CSCO) Reinstated Buy at Truist Secs; PT USD 94
- Corning (GLW) Initiated at New Hold at Truist Secs; PT USD 125
- Crown Castle (CCI) Reinstated Hold at Truist Secs; PT USD 90
- Dell Technologies (DELL) Initiated at New Hold at Truist Secs; PT USD 170
- Envoy Medical (COCH) Initiated at New Buy at HC Wainwright; PT USD 2.50
- Equity LifeStyle (ELS) Initiated at New Outperform at Mizuho Securities
- Fiserv (FISV) Reinstated Hold at Loop Capital; PT USD 62
- General Electric Aerospace (GE) Reinstated Neutral at Daiwa; PT USD 301
- HeartBeam (BEAT) Initiated at New Buy at B Riley; PT USD 4
- HP Enterprise (HPE) Initiated at New Buy at Truist Secs; PT USD 31
- Ingram Micro (INGM) Initiated at New Hold at Truist Secs; PT USD 25
- Jack Henry (JKHY) Initiated at New Buy at Loop Capital; PT USD 197
- Keysight (KEYS) Initiated at New Hold at Truist Secs; PT USD 310
- Mastercard (MA) Reinstated Buy at Loop Capital; PT USD 631
- MiniMed Group (MMED) Initiated at New Outperform at William Blair
- MiniMed Group (MMED) Initiated at New Buy at Goldman; PT USD 24
- MiniMed Group (MMED) Initiated at New Overweight at Barclays; PT USD 26
- MiniMed Group (MMED) Initiated at New Buy at BTIG; PT USD 25
- MiniMed Group (MMED) Initiated at New Outperform at Mizuho Securities; PT USD 21
- MiniMed Group (MMED) Initiated at New Overweight at Morgan Stanley; PT USD 19
- MiniMed Group (MMED) Initiated at New Buy at Citi; PT USD 23
- MiniMed Group (MMED) Initiated at New Overweight at Wells Fargo; PT USD 26
- MiniMed Group (MMED) Initiated at New Neutral at Piper Sandler; PT USD 16
- Motorola Solutions (MSI) Initiated at New Buy at Truist Secs; PT USD 540
- NiSource (NI) Reinstated Overweight at KeyBanc; PT USD 52
- Nvidia (NVDA) Initiated at New Add at Caitong Securities
- Paccar (PCAR) Reinstated Neutral at BNP Paribas; PT USD 126
- Passage Bio (PASG) Initiated at New Outperform at Oppenheimer
- PayPal (PYPL) Reinstated Hold at Loop Capital; PT USD 46
- SBA Comms (SBAC) Reinstated Hold at Truist Secs; PT USD 193
- Sun Communities (SUI) Initiated at New Outperform at Mizuho Securities
- Terex (TEX) Reinstated Overweight at Barclays; PT USD 65
- Toast (TOST) Initiated at New Hold at Loop Capital; PT USD 26
- Versant Media (VSNT) Initiated at New Buy at Seaport Global Securities; PT USD 45
- Versigent (VGNT-W) Initiated at New Sector Perform at RBC; PT USD 28
- Visa (V) Reinstated Buy at Loop Capital; PT USD 387
Context
CL's shift to a Hold reflects concerns about growth potential, while DOCU's downgrade to Underperform signals a more pessimistic outlook amid competitive pressures. Such changes could lead to stock price adjustments and may influence overall sentiment in related sectors.
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