US BROKER MOVES: ETSY upgraded at Arete; CI downgraded at Deutsche Bank
Newsquawk StaffPublished On the live feed at — 5 more headlines followed before this page went public
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Iran's Foreign Ministry spokesperson says Araghchi's participation in the UN Security Council meeting on May 26th has not been decided yet, ISNA reports
ThyssenKrupp (TKA GY) is considering a summer EGM regarding the spin-off of its materials unit, Reuters reports citing sources
US BROKER MOVES: ETSY upgraded at Arete; CI downgraded at Deutsche Bank
TJX Companies Inc (TJX) Q1 2027 (USD): EPS 1.19 (exp. 1.02), Revenue 14.3bln (exp. 14.00bln). Q2 EPS view 1.15-1.17 (exp. 1.19), FY EPS view 5.08-5.15 (exp. 5.13)
German Chancellor Merz says the average tax rate in Germany has to come down
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UPGRADES
- C.H. Robinson (CHRW) Upgraded to Buy at Jefferies; PT USD 200
- California Resources (CRC) Upgraded to Buy at Citi; PT USD 78
- Centene (CNC) Upgraded to Buy at Deutsche Bank; PT USD 80
- Elevance (ELV) Upgraded to Buy at Deutsche Bank; PT USD 498
- Etsy (ETSY) Upgraded to Buy at Arete; PT USD 76
- Humana (HUM) Upgraded to Buy at Deutsche Bank; PT USD 441
- Ovintiv (OVV) Upgraded to Buy at Citi; PT USD 70
- Packaging Corp. (PKG) Upgraded to Buy at UBS; PT USD 248
- Relay Therapeutics (RLAY) Upgraded to Buy at Jones
- Rubrik (RBRK) Upgraded to Outperform at Oppenheimer; PT USD 85
- SM Energy (SM) Upgraded to Outperform at Raymond James; PT USD 55
- Ternium (TX) ADRs Upgraded to Outperform at Bradesco BBI; PT USD 62
- Xponential (XPOF) Upgraded to Outperform at Northland; PT USD 8
- Zegna Group (ZGN) Upgraded to Buy at TD Cowen; PT USD 15
DOWNGRADES
- Cigna (CI) Downgraded to Hold at Deutsche Bank; PT USD 302
- Crown Castle (CCI) Downgraded to Peerperform at Wolfe
- Mister Car Wash (MCW) Downgraded to Dropped Coverage at Raymond James
- Newell Brands (NWL) Downgraded to Underweight at Morgan Stanley; PT USD 3.50
- Northern Oil & Gas (NOG) Downgraded to Hold at Johnson Rice; PT USD 36
- Phreesia (PHR) Downgraded to Equal-Weight at Wells Fargo; PT USD 9
INITIATIONS
- Archrock (AROC) Reinstated Buy at William O'Neil
- Casey's (CASY) Initiated at New Outperform at William Blair
- Driven Brands (DRVN) Reinstated Outperform at Baird; PT USD 18
- Driven Brands (DRVN) Initiated at New Outperform at BMO; PT CUSD 17
- Pinnacle Financial Partners (PNFP) Initiated at New Outperform at Baird
- Putnam New York Tax Exempt Income Fund (PEIBX) ProMIS Neurosciences Initiated at New Buy at Brookline Capital; PT USD 40
- QuickLogic (QUIK) Initiated at New Buy at Needham; PT USD 22
- SAB Biotherapeutics (SABS) Initiated at New Buy at Jefferies; PT USD 11
- X-Energy (XE) Initiated at New Overweight at Cantor; PT USD 38
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