US BROKER MOVES: CRWV upgraded at BofA; RL upgraded at Citi
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US BROKER MOVES: CRWV upgraded at BofA; RL upgraded at Citi
[MARKET UPDATE] Spot gold briefly dips under USD 4,400/oz following reports the CBRT reportedly discussed gold-for-FX swaps
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UPGRADES
- Arthur J Gallagher (AJG) Upgraded to Outperform at BMO; PT USD 278
- CoreWeave (CRWV) Upgraded to Buy at BofA; PT USD 100
- Ecolab (ECL) Upgraded to Overweight at JPMorgan; PT USD 295
- JFrog (FROG) Upgraded to Buy at UBS; PT USD 60
- JinkoSolar (JKS) ADRs Upgraded to Buy at Daiwa; PT USD 28.50
- Ralph Lauren (RL) Upgraded to Buy at Citi; PT USD 400
- Sutro Biopharma (STRO) Upgraded to Buy at HC Wainwright; PT USD 28
- Sutro Biopharma (STRO) Upgraded to Overweight at Wells Fargo; PT USD 27
DOWNGRADES
- Strategic Education (STRA) Downgraded to Hold at Truist Secs
- Ultragenyx (RARE) Downgraded to Neutral at Goldman; PT USD 25
- Xencor (XNCR) Downgraded to Neutral at JPMorgan; PT USD 13
INITIATIONS
- Alaska Air (ALK) Initiated at New Outperform at BMO; PT USD 50
- Antero Resources (AR) Reinstated Buy at Truist Secs; PT USD 56
- APA Corp (APA) Reinstated Hold at Truist Secs; PT USD 38
- BKV (BKV) Initiated at New Buy at Truist Secs; PT USD 37
- Chord Energy (CHRD) Reinstated Buy at Truist Secs; PT USD 169
- Climb Bio Inc (CLYM) Initiated at New Buy at B Riley; PT USD 26
- CNX Resources (CNX) Initiated at New Sell at Truist Secs; PT USD 35
- Commvault Systems (CVLT) Initiated at New Buy at Loop Capital; PT USD 125
- Conoco (COP) Reinstated Hold at Truist Secs; PT USD 124
- CoreCivic (CXW) Initiated at New Buy at Benchmark; PT USD 28
- Covista Inc (CVSA) Initiated at New Buy at Truist Secs; PT USD 130
- Delek Logistics Partners (DKL) Reinstated Hold at Truist Secs; PT USD 57
- Devon (DVN) Reinstated Buy at Truist Secs; PT USD 63
- Diamondback (FANG) Reinstated Buy at Truist Secs; PT USD 222
- Diversified Energy (DEC) Reinstated Buy at Truist Secs; PT USD 22
- Energy Transfer (ET) Initiated at New Buy at Truist Secs; PT USD 23
- Enterprise Products (EPD) Reinstated Hold at Truist Secs; PT USD 36
- EOG Resources (EOG) Reinstated Hold at Truist Secs; PT USD 146
- EQT Corp (EQT) Reinstated Buy at Truist Secs; PT USD 74
- Expand Energy (EXE) Reinstated Buy at Truist Secs; PT USD 136
- Generate Biomedicines (GENB) Initiated at New Overweight at Cantor
- Generate Biomedicines (GENB) Initiated at New Overweight at Piper Sandler
- Generate Biomedicines (GENB) Initiated at New Overweight at Morgan Stanley
- Generate Biomedicines (GENB) Initiated at New Buy at Guggenheim; PT USD 30
- Generate Biomedicines (GENB) Initiated at New Buy at Goldman; PT USD 26
- Gulfport Energy (GPOR) Reinstated Hold at Truist Secs; PT USD 230
- Immunic Inc (IMUX) Initiated at New Buy at Guggenheim; PT USD 7
- JetBlue (JBLU) Initiated at New Market Perform at BMO; PT USD 4.50
- KB Home (KBH) Initiated at New Market Outperform at Citizens; PT USD 77
- Kinder Morgan (KMI) Reinstated Hold at Truist Secs; PT USD 38
- Kinetik (KNTK) Initiated at New Buy at Truist Secs; PT USD 53
- LCI Industries (LCII) Initiated at New Buy at Stifel; PT USD 152
- Mach Natural Resources (MNR) Reinstated Hold at Truist Secs; PT USD 14
- Magnolia Oil & Gas (MGY) Initiated at New Hold at Truist Secs; PT USD 33
- Matador Resources (MTDR) Reinstated Hold at Truist Secs; PT USD 60
- Microsoft (MSFT) Reinstated Buy at BofA; PT USD 500
- MPLX (MPLX) Reinstated Buy at Truist Secs; PT USD 67
- Occidental (OXY) Reinstated Hold at Truist Secs; PT USD 65
- Oneok (OKE) Initiated at New Hold at Truist Secs; PT USD 91
- OneSpaWorld (OSW) Initiated at New Buy at Jefferies; PT USD 30
- Ovintiv (OVV) Reinstated Buy at Truist Secs; PT USD 70
- Permian Resources (PR) Reinstated Buy at Truist Secs; PT USD 24
- Plains All American (PAA) Reinstated Buy at Truist Secs; PT USD 23
- Plains GP (PAGP) Reinstated Buy at Truist Secs; PT USD 23
- Range Resources (RRC) Reinstated Hold at Truist Secs; PT USD 48
- Relmada Therapeutics (RLMD) Initiated at New Overweight at Piper Sandler
- Riley Exploration (REPX) Reinstated Buy at Truist Secs; PT USD 47
- SM Energy (SM) Reinstated Buy at Truist Secs; PT USD 38
- Smith Douglas Homes (SDHC) Initiated at New Market Perform at Citizens
- Smurfit Westrock PLC (SW) Reinstated Buy at Goldman; PT USD 49
- Solventum (SOLV) Initiated at New Sell at Rothschild & Co Redburn; PT USD 60
- Targa Resources (TRGP) Reinstated Buy at Truist Secs; PT USD 279
- Viper Energy (VNOM) Initiated at New Buy at Truist Secs; PT USD 54
- Williams Cos (WMB) Reinstated Buy at Truist Secs; PT USD 84
Context
Today’s upgrades for CRWV and RL reflect positive sentiment among analysts, potentially suggesting confidence in their growth trajectories and market positions. Given the strong price targets set, we might anticipate renewed interest in these stocks, which could lead to upward price pressure. This could also trigger similar upgrades across their respective sectors, influencing broader market sentiment around those industries.
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