US BROKER MOVES: CSX upgraded at Susquehanna; AAPL downgraded at KeyBanc

Newsquawk Staff · 14 Jul 2026, 12:36 UTC

UPGRADES

AutoNation (AN) Upgraded to Buy at Northcoast; PT USD 240
AptarGroup (ATR) Upgraded to Buy at BofA Securities; PT USD 173
Cable One (CABO) Upgraded to Neutral at BNP Paribas Exane; PT USD 40
CSX (CSX) Upgraded to Positive at Susquehanna; PT USD 58
FuelCell Energy (FCEL) Upgraded to Buy at UBS; PT USD 27
Halliburton (HAL) Upgraded to Overweight at Piper Sandler; PT USD 43
Independence Realty Trust (IRT) Upgraded to Overweight at Barclays; PT USD 20
Newmont (NEM) Upgraded to Buy at TD Cowen
Patterson-UTI Energy (PTEN) Upgraded to Overweight at Piper Sandler; PT USD 13
Red Rock Resorts (RRR) Upgraded to Overweight at Wells Fargo; PT USD 75
TKO Group (TKO) Upgraded to Buy at Seaport Global Securities; PT USD 210
UL Solutions (ULS) Upgraded to Buy at UBS; PT USD 110
WESCO (WCC) Upgraded to Overweight at Stephens

DOWNGRADES

Apple (AAPL) Downgraded to Underweight at KeyBanc; PT USD 250
Arm (ARM) Downgraded to Hold at HSBC; PT USD 315
AvalonBay Communities (AVB) Downgraded to Equalweight at Barclays; PT USD 205
Canadian National Railway (CNI) Downgraded to Neutral at Susquehanna; PT USD 14
Circle Internet (CRCL) Downgraded to Underperform at Mizuho; PT USD 50
EHang (EH) Downgraded to Neutral at Goldman Sachs; PT USD 7.30
Equity LifeStyle Properties (ELS) Downgraded to Equalweight at Barclays; PT USD 68
Equity Residential (EQR) Downgraded to Equalweight at Barclays; PT USD 76
Greif (GEF) Downgraded to Underperform at BofA Securities; PT USD 70
W.W. Grainger (GWW) Downgraded to Equal Weight at Stephens
IBM (IBM) Downgraded to Reduce at HSBC; PT USD 191
International Paper (IP) Downgraded to Neutral at BofA Securities; PT USD 41
O-I Glass (OI) Downgraded to Underperform at BofA Securities; PT USD 11
Progressive (PGR) Downgraded to Neutral at JPMorgan; PT USD 250
Pattern Group (PTRN) Downgraded to Hold at Jefferies; PT USD 30
QIAGEN (QGEN) Downgraded to Hold at Berenberg; PT USD 45.50
Sylvamo (SLVM) Downgraded to Neutral at BofA Securities; PT USD 45
Skyworks Solutions (SWKS) Downgraded to Sector Weight at KeyBanc
TriCo Bancshares (TCBK) Downgraded to Market Perform at Raymond James
TriCo Bancshares (TCBK) Downgraded to Neutral at Piper Sandler; PT USD 61
Taylor Morrison Home (TMHC) Downgraded to Equalweight at Barclays; PT USD 73

INITIATIONS

HeartBeam (BEAT) Initiated at Buy at Maxim Group; PT USD 2
Bel Fuse (BELFB) Initiated at Buy at BofA Securities; PT USD 330
Critical Metals (CRML) Initiated at Spec. Buy at Cantor Fitzgerald; PT USD 18
Graphic Packaging (GPK) Initiated at Buy at BofA Securities; PT USD 12
Intuit (INTU) Initiated at Underweight at Piper Sandler; PT USD 250
One Stop Systems (OSS) Initiated at Buy at Clear Street; PT USD 20
Sky Harbour (SKHY) Initiated at Overweight at Barclays; PT USD 330
SpaceX (SPCX) Initiated at Outperform at Evercore ISI; PT USD 230

What our latest note said

US Market Open, 23 Oct, 10:15 UTC · what it led with

US President Trump says the US crushed Iran, and may want to do it a "little more".
Crude benchmarks firmer on ongoing tensions in the Middle East; recent bout of strength comes after the Houthis launched another missile towards Saudi interests.

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Case studies

Headlines that moved markets

Energy headlines from our feed, and what the market did next.

Iran and US talks continue, and reports that the deal is close are wrong.
WTI crude+1.5%
Mediation efforts said that "Qatar and Pakistan presented a 'compromise proposal' that meets the demands of both the American and Iranian sides", Al Araby Al Jadeed reports citing sources.
WTI crude−4.6%
"A breakthrough is expected to be announced this week to halt the escalation between Washington and Tehran", Al Araby Al Jadeed reports citing a source.
WTI crude−1.1%

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UPGRADES

DOWNGRADES

INITIATIONS

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