US BROKER MOVES: CRWD upgraded at Mizuho, ADBE downgraded; CPB downgraded at Bernstein
UPGRADES
- CrowdStrike (CRWD) Upgraded to Outperform at Mizuho Securities; PT USD 520
- Fortinet (FTNT) Upgraded to Buy at Arete; PT USD 104
- MSC Industrial (MSM) Upgraded to Overweight at KeyBanc; PT USD 117
- OGE Energy (OGE) Upgraded to Equal-Weight at Wells Fargo; PT USD 47
- Rollins (ROL) Upgraded to Buy at Rothschild & Co Redburn; PT USD 66
- Snap (SNAP) Upgraded to Buy at Rothschild & Co Redburn; PT USD 10
DOWNGRADES
- Adobe (ADBE) Downgraded to Neutral at Mizuho Securities; PT USD 270
- AMD (AMD) Downgraded to Market Perform at Northland
- Campbell's (CPB) Downgraded to Market Perform at Bernstein; PT USD 21
- Digital Realty (DLR) Downgraded to Hold at HSBC; PT USD 210
- Gartner (IT) Downgraded to Neutral at Goldman
- GE Vernova (GEV) Downgraded to Neutral at BNP Paribas; PT USD 1,190
- Kinsale Capital (KNSL) Downgraded to Equal-Weight at Wells Fargo; PT USD 357
- KKR Real Estate Finance (KREF) Downgraded to Market Perform at Citizens
- Pinterest (PINS) Downgraded to Neutral at Rothschild & Co Redburn; PT USD 23
- Terns (TERN) Downgraded to Market Perform at Oppenheimer
INITIATIONS
- Celcuity (CELC) Initiated at New Market Outperform at Citizens; PT USD 150
- Cohu (COHU) Initiated at New Buy at Jefferies; PT USD 55
- Commvault Systems (CVLT) Initiated at New Hold at Jefferies; PT USD 105
- DDC Enterprise (DDC) Initiated at New Buy at Benchmark; PT USD 3
- DoorDash (DASH) Initiated at New Buy at TD Cowen; PT USD 225
- Galaxy Digital (GLXY) Initiated at New Buy at Chardan Capital Markets; PT USD 35
- HMH Holding (HMH) Initiated at New Overweight at JPMorgan; PT USD 26
- HMH Holding (HMH) Initiated at New Buy at Stifel; PT USD 27
- HMH Holding (HMH) Initiated at New Overweight at Piper Sandler; PT USD 32
- HMH Holding (HMH) Initiated at New Buy at Citi; PT USD 30
- Keel Infrastructure (KEEL) Initiated at New Buy at Chardan Capital Markets
- LB Pharmaceuticals (LBRX) Initiated at New Buy at HC Wainwright; PT USD 45
- Matson (MATX) Initiated at New Overweight at JPMorgan; PT USD 230
- Micron (MU) Initiated at New Buy at Melius
- Mineralys Therapeutics (MLYS) Initiated at New Buy at TD Cowen
- NRG Energy (NRG) Initiated at New Buy at President Capital Management
- Powell Industries (POWL) Initiated at New Overweight at JPMorgan; PT USD 310
- Riot Platforms (RIOT) Initiated at New Buy at Chardan Capital Markets
- Rubrik (RBRK) Initiated at New Buy at Jefferies; PT USD 65
- Sandisk (SNDK) Initiated at New Buy at Melius
- Shattuck Labs (STTK) Initiated at New Overweight at Cantor
- Stubhub (STUB) Initiated at New Equal-Weight at Morgan Stanley; PT USD 8.25
- TuHURA Biosciences Inc (HURA) Initiated at New Market Outperform at Citizens
Context
The upgrades and downgrades of several major companies provide a mixed picture for investors. CrowdStrike's upgrade to 'Outperform' suggests strong confidence in its performance, potentially hinting at bullish sentiment in cybersecurity, while Adobe's downgrade to 'Neutral' indicates caution around its growth prospects, particularly in a competitive software landscape. Traders should consider how these changes may influence sector sentiment and overall market dynamics, especially if other firms in the tech and consumer sectors respond accordingly.
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