US BROKER MOVES: CTSH upgraded at Wedbush; ALL downgraded at KBW
Newsquawk StaffPublished On the live feed at — 9 more headlines followed before this page went public
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Amazon (AMZN) announces agreement with Corning (GLW) to boost US fibre optics manufacturing, creating 1,000 advanced manufacturing jobs in North Carolina
Current US assessment is that Iran was not targeting any US personnel, assets, or locations during the strikes directed at Israel, according to NBC citing a US official
US BROKER MOVES: CTSH upgraded at Wedbush; ALL downgraded at KBW
Israel halted strikes in Iran at the request of US President Trump, N12 reports citing a senior Israeli official
Italy to sell 2033 and 2035 BTP bonds via dual-tranche syndication
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UPGRADES
- W. R. Berkley (WRB) Upgraded to Buy at Goldman Sachs
- W. P. Carey (WPC) Upgraded to Outperform at Wolfe Research; PT USD 85
- Voya Financial (VOYA) Upgraded to Strong Buy at Raymond James; PT USD 117
- Teleflex (TFX) Upgraded to Overweight at Piper Sandler; PT USD 160 (prev. USD 140)
- MGE Energy (MGEE) Upgraded to Buy at Ladenburg Thalmann; PT USD 81
- Kilroy Realty (KRC) Upgraded to Outperform at Evercore ISI
- Cognizant Technology Solutions (CTSH) Upgraded to Outperform at Wedbush; PT USD 70 (prev. USD 56)
- Cummins (CMI) Upgraded to Buy at UBS; PT USD 850 (prev. USD 565)
- Avis Budget Group (CAR) Upgraded to Equalweight at Barclays; PT USD 160 (prev. USD 140)
- Biogen (BIIB) Upgraded to Buy at Needham; PT USD 255
- Brown-Forman (BF.B) Upgraded to Neutral at BofA Securities; PT USD 28 (prev. USD 26.50)
DOWNGRADES
- Ryan Specialty (RYAN) Downgraded to Neutral at Goldman Sachs
- Blackstone Secured Lending Fund (BXSL) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 24 (prev. USD 25)
- Allstate (ALL) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 242 (prev. USD 266)
- ADC Therapeutics (ADCT) Downgraded to Neutral at H.C. Wainwright
INITIATIONS
- Rithm Capital (RITM) Initiated at New Buy at Compass Point; PT USD 14
- Ormat Technologies (ORA) Initiated at New Peerperform at Wolfe Research
- Option Care Health (OPCH) Initiated at New Neutral at Goldman Sachs; PT USD 22
- Lantronix (LTRX) Initiated at New Buy at Canaccord; PT USD 10.50
- Quaker Chemical (KWR) Initiated at New Buy at Truist Securities; PT USD 172
- Kontoor Brands (KTB) Initiated at New Overweight at JPMorgan; PT USD 90
- Interactive Brokers (IBKR) Initiated at New Outperform at Wolfe Research; PT USD 101
- iBio (IBIO) Initiated at New Outperform at Raymond James; PT USD 5
- Devon Energy (DVN) Initiated at New Overweight at JPMorgan; PT USD 62
- Climb Bio (CLYM) Initiated at New Buy at Guggenheim; PT USD 35
- Cabot Corporation (CBT) Initiated at New Buy at Truist Securities; PT USD 98
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