US BROKER MOVES: FCEL upgraded at B. Riley; ADBE & CRM downgraded at Phillip Securities
US NEC Director Hassett has once Strait traffic is really moving, prices will come down further
Tasnim writes that Iran rejects linking the Strait of Hormuz oversight to Oman; the Strait is an existential issue, not subject to Oman veto
US BROKER MOVES: FCEL upgraded at B. Riley; ADBE & CRM downgraded at Phillip Securities
Eni (ENI IM) signs sale and purchase agreement for the acquisition of 32% interest in three upstream blocks in Vaca Muerta Basin, Argentina
China President Xi to give speech on 1st July to mark communist party anniversary
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UPGRADES
- Casey's General Stores (CASY) Upgraded to Outperform at BMO Capital; PT USD 950
- Cytokinetics (CYTK) Upgraded to Buy at UBS; PT USD 115 (prev USD 69)
- Delek US Holdings (DK) Upgraded to Hold at TD Cowen; PT USD 39 (prev USD 36)
- FuelCell Energy (FCEL) Upgraded to Buy at B. Riley; PT USD 32 (prev USD 13)
- PBF Energy (PBF) Upgraded to Hold at TD Cowen; PT USD 39 (prev USD 36)
- Primoris Services (PRIM) Upgraded to Overweight at JPMorgan; PT USD 116 (prev USD 105)
- Prime Medicine (PRME) Upgraded to Buy at H.C. Wainwright; PT USD 8
- Roblox (RBLX) Upgraded to Buy at Arete; PT USD 95
- Warner Bros. Discovery (WBD) Upgraded to Buy at Seaport Global Securities; PT USD 31
DOWNGRADES
- Adobe (ADBE) Downgraded to Neutral at Phillip Securities; PT USD 203
- Alkermes (ALKS) Downgraded to Underperform at BofA Securities; PT USD 38
- Amphastar Pharmaceuticals (AMPH) Downgraded to Underperform at BofA Securities; PT USD 20 (prev USD 25)
- Biohaven (BHVN) Downgraded to Underperform at BofA Securities; PT USD 11 (prev USD 12)
- BrightSpire Capital (BRSP) Downgraded to Hold at Argus
- CONMED (CNMD) Downgraded to Underperform at BofA Securities; PT USD 40
- Salesforce (CRM) Downgraded to Neutral at Phillip Securities; PT USD 166
- CrowdStrike (CRWD) Downgraded to Neutral at Arete; PT USD 730
- Definitive Healthcare (DH) Downgraded to Underperform at BofA Securities; PT USD 0.70 (prev USD 3.50)
- Doximity (DOCS) Downgraded to Underperform at BofA Securities; PT USD 20 (prev USD 38)
- Lindblad Expeditions (LIND) Downgraded to Hold at Texas Capital Securities; PT USD 31 (prev USD 29)
- Liquidia (LQDA) Downgraded to Neutral at BofA Securities; PT USD 79 (prev USD 64)
- Madison Square Garden Entertainment (MSGE) Downgraded to Neutral at Seaport Global Securities
- Progressive (PGR) Downgraded to Underweight at Wells Fargo; PT USD 205 (prev USD 219)
- Sezzle (SEZL) Downgraded to Perform at Oppenheimer
- Synaptics (SYNA) Downgraded to Equalweight at Barclays; PT USD 135 (prev USD 110)
INITIATIONS
- AppLovin (APP) Initiated Strong Buy at Raymond James; PT USD 640
- Archrock (AROC) Initiated Overweight at Wells Fargo; PT USD 43
- Array Technologies (ARRY) Initiated Equal Weight at Wells Fargo; PT USD 9
- Bloom Energy (BE) Initiated Equal Weight at Wells Fargo; PT USD 217
- Cheniere Energy Partners (CQP) Initiated Underweight at Wells Fargo; PT USD 62
- Amdocs (DOX) Initiated Sector Weight at KeyBanc
- DT Midstream (DTM) Initiated Overweight at Wells Fargo; PT USD 165
- Enterprise Products Partners (EPD) Initiated Overweight at Wells Fargo; PT USD 42
- Energy Transfer (ET) Initiated Overweight at Wells Fargo; PT USD 25
- Genesis Energy (GEL) Initiated Overweight at Wells Fargo; PT USD 18
- GE Vernova (GEV) Initiated Overweight at Wells Fargo; PT USD 1,259
- Graphic Packaging Holding (GPK) Initiated Neutral at JPMorgan; PT USD 11.70
- Kinder Morgan (KMI) Initiated Overweight at Wells Fargo; PT USD 35
- Kinetik Holdings (KNTK) Initiated Overweight at Wells Fargo; PT USD 52
- Cheniere Energy (LNG) Initiated Overweight at Wells Fargo; PT USD 335
- MPLX (MPLX) Initiated Overweight at Wells Fargo; PT USD 61
- ONEOK (OKE) Initiated Overweight at Wells Fargo; PT USD 98
- Plains All American Pipeline (PAA) Initiated Equal Weight at Wells Fargo; PT USD 23
- Plains GP Holdings (PAGP) Initiated Equal Weight at Wells Fargo; PT USD 23
- Plug Power (PLUG) Initiated Equal Weight at Wells Fargo; PT USD 2.50
- SolarEdge Technologies (SEDG) Initiated Equal Weight at Wells Fargo; PT USD 36
- SEI Investments (SEIC) Initiated Buy at Needham; PT USD 97
- Targa Resources (TRGP) Initiated Overweight at Wells Fargo; PT USD 270
- United Rentals (URI) Initiated Outperform at BNP Paribas Exane
- Veradigm (VERX) Initiated Buy at TD Cowen; PT USD 14
- Warby Parker (WRBY) Initiated Buy at BofA Securities; PT USD 33
- TeraWulf (WULF) Initiated Buy at Citi; PT USD 36
Related headlines
- Salesforce (CRM) reportedly held talks to buy Listen Labs, an AI customer research platform, for USD 2bln, according to Business Insider5 hours ago
- US BROKER MOVES: TMO upgraded at UBS; VMC downgraded at Wells Fargo11 hours ago
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 10 hours ago
- Enbridge (ENB) to buy Tallgrass crude business for USD 2.55bln in cash3 hours ago
- US Senator Slotkin says "We hear rumors that Trump is planning to allow Chinese cars to be sold in the U.S., as part of a larger deal"7 hours ago
- US Midterm Update: Latest Polymarket pricing puts Democratic sweep at 50%; Republican midterm 2-day convention to start tonight8 hours ago
- US Quarterly Services Survey (Q2 2026): +3% to USD 6,418.7bln10 hours ago
- Analog Devices (ADI) and Alif Semiconductor today announced a definitive agreement under which ADI will acquire Alif in an all-cash transaction for USD 1.35bln12 hours ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture12 hours ago
- US trade official says China is ramping up their purchases and that China is on track to fulfill farm purchases ahead of Chinese President Xi's Washington visit, according to SCMP43 min ago
- A jet-powered attack drone nearly collided with Ukrainian President Zelensky's airplane on Tuesday, according to FT1 hour ago
- IDF says air intrusion alerts in northern Israel were a false alarm2 hours ago
- Primer: US PPI due Thursday 10th September at 13:30BST/08:30EDT4 hours ago
- US FX WRAP: Dollar sees two-way trade, as Yen gains on Bessent remarks4 hours ago
- Israeli army artillery bombarded the northern parts of the village of Taranja near the outskirts of Quneitra, reports Tasnim4 hours ago
- Enbridge (ENB) reportedly to be near purchases of Pony Express from Tallgrass and to pay about USD 2bln4 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 3.02 HIGHER AT 96.05/BBL; BRENT (X6) SETTLES USD 3.29 HIGHER AT 101.21/BBL5 hours ago
- US President Trump says he thinks war with Iran will end immediately after the election5 hours ago
- US President Trump says after the election, oil prices will tumble lower; gasoline price will take a bit longer5 hours ago
- Primer: US to sell USD 39bln of 10-year notes at 18:00BST/13:00 EDT7 hours ago
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