US BROKER MOVES: DELL downgraded at UBS; TTD downgraded at HSBC
UPGRADES
- Disney (DIS) Upgraded to Buy at Phillip Secs; PT USD 130
- News Corp (NWSA) Upgraded to Outperform at Macquarie; PT USD 29.40
- Pitney Bowes (PBI) Upgraded to Neutral at BofA; PT USD 16.50
- Primoris Services (PRIM) Upgraded to Outperform at Mizuho Securities
- StandardAero (SARO) Upgraded to Buy at UBS; PT USD 34
- Starz Entertainment (STRZ) Upgraded to Outperform at Baird; PT USD 30
DOWNGRADES
- Array Digital (AD) Downgraded to Market Perform at Raymond James
- BioMarin (BMRN) Downgraded to Neutral at Goldman; PT USD 69
- Carlyle Group (CG) Downgraded to Sector Perform at RBC; PT USD 58
- CNH Industrial (CNH) Downgraded to Neutral at Goldman; PT USD 10.50
- Dell Technologies (DELL) Downgraded to Neutral at UBS; PT USD 243
- DXP Enterprises (DXPE) Downgraded to Hold at Freedom Finance
- Goodyear (GT) Downgraded to Hold at Deutsche Bank; PT USD 7
- Healthpeak Properties (DOC) Downgraded to Inline at Evercore ISI; PT USD 21
- HubSpot (HUBS) Downgraded to Neutral at BNP Paribas; PT USD 210
- HubSpot (HUBS) Downgraded to Neutral at Macquarie; PT USD 190
- Telephone and Data Systems (TDS) US Downgraded to Market Perform at Raymond James
- Trade Desk (TTD) Downgraded to Reduce at HSBC; PT USD 20
- Wendy's (WEN) Downgraded to Underweight at JPMorgan; PT USD 6
INITIATIONS
- Arxis (ARXS) Initiated at New Buy at Melius; PT USD 45
- Arxis (ARXS) Initiated at New Overweight at Wells Fargo; PT USD 42
- Arxis (ARXS) Initiated at New Buy at Jefferies; PT USD 42
- Arxis (ARXS) Initiated at New Sector Perform at RBC; PT USD 39
- Arxis (ARXS) Initiated at New Outperform at William Blair
- Arxis (ARXS) Initiated at New Buy at Citi; PT USD 42
- Arxis (ARXS) Initiated at New Buy at Rothschild & Co Redburn; PT USD 40
- Arxis (ARXS) Initiated at New Outperform at Baird; PT USD 55
- Arxis (ARXS) Initiated at New Overweight at Morgan Stanley; PT USD 44
- Arxis (ARXS) Initiated at New Buy at Goldman; PT USD 53
- Bicara Therapeutics (BCAX) Initiated at New Buy at Guggenheim; PT USD 42
- BridgeBio Oncology Therapeutics (BBOT) Initiated at New Buy at Canaccord
- Coherus Oncology (CHRS) Initiated at New Buy at Guggenheim; PT USD 12
- Enhanced Group (ENHA) Initiated at New Buy at Lucid Capital Markets; PT USD 15
- Klarna (KLAR) Initiated at New Hold at TD Cowen; PT USD 16
- Live Oak Acquisition Corp. V (LOKV) Initiated at New Buy at Compass Point
- Madison Air Solutions (MAIR) Initiated at New Buy at Melius; PT USD 47
- Madison Air Solutions (MAIR) Initiated at New Buy at Citi; PT USD 49
- Madison Air Solutions (MAIR) Initiated at New Outperform at William Blair
- Madison Air Solutions (MAIR) Initiated at New Overweight at Wells Fargo
- Madison Air Solutions (MAIR) Initiated at New Overweight at Barclays; PT USD 45
- Madison Air Solutions (MAIR) Initiated at New Outperform at Baird; PT USD 48
- Madison Air Solutions (MAIR) Initiated at New Outperform at RBC; PT USD 48
- Madison Air Solutions (MAIR) Initiated at New Neutral at Goldman; PT USD 44
- Madison Air Solutions (MAIR) Initiated at New Buy at Stifel; PT USD 47
- Oklo (OKLO) Initiated at New Neutral at JPMorgan; PT USD 83
- Tesla (TSLA) Initiated at New Add at Caitong Securities
- Versigent (VGNT) Initiated at New Overweight at Morgan Stanley; PT USD 51
Context
The downgrades of Dell by UBS and Trade Desk by HSBC suggest a cautious outlook for these stocks, indicating that analysts anticipate challenges ahead. This could influence investor sentiment and pricing in both tech and advertising sectors, prompting a reassessment of growth prospects and relative valuations. Market reactions could be amplified if peers react similarly or if these downgrades alter broader sector performance expectations.
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