US BROKER MOVES: FDX upgraded at JPM; DG downgraded at Deutsche Bank
Newsquawk StaffPublished On the live feed at — 3 more headlines followed before this page went public
Newsquawk headlinesUTC
Iran’s State TV says it has a draft of the initial unofficial framework for MoU with US; According to draft MoU US military forces will withdraw from vicinity of Iran and lift naval blockade; Islamabad framework not yet finalised
US ADP Employment Change Weekly 35.75K (prev. 42.25k)
US BROKER MOVES: FDX upgraded at JPM; DG downgraded at Deutsche Bank
US President Trump posts an Israeli article critical of Iranian prisons
GE Vernova (GEV) says it has 100 gigawatts on contract to execute on mostly through 2030 and into 2031, signalling unusually strong long-dated gas equipment demand
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
Free. No signup, no card.
UPGRADES
- Digital Turbine (APPS) Upgraded to Buy at BofA Securities; PT USD 7.50
- BioNTech (BNTX) Upgraded to Buy at UBS; PT USD 135 (prev. USD 117)
- CDW (CDW) Upgraded to Overweight at JPMorgan; PT USD 130
- Ecolab (ECL) Upgraded to Buy at UBS; PT USD 325 (prev. USD 293)
- Equity Residential (EQR) Upgraded to Buy at BofA Securities; PT USD 76 (prev. USD 75)
- FedEx (FDX) Upgraded to Overweight at JPMorgan; PT USD 460 (prev. USD 432)
- H.B. Fuller (FUL) Upgraded to Neutral at JPMorgan; PT USD 58
- Gulfport Energy (GPOR) Upgraded to Outperform at Mizuho; PT USD 252 (prev. USD 251)
- GXO Logistics (GXO) Upgraded to Overweight at Barclays; PT USD 65 (prev. USD 58)
- Hershey (HSY) Upgraded to Outperform at Evercore ISI; PT USD 255
- ICU Medical (ICUI) Upgraded to Buy at Needham; PT USD 165
- Ingram Micro (INGM) Upgraded to Neutral at JPMorgan; PT USD 27 (prev. USD 26)
- MGM Resorts (MGM) Upgraded to Buy at Truist Securities; PT USD 55 (prev. USD 42)
- MGM Resorts (MGM) Upgraded to Overweight at JPMorgan; PT USD 46 (prev. USD 41)
- MSCI (MSCI) Upgraded to Overweight at Wells Fargo; PT USD 700
- Insight Enterprises (NSIT) Upgraded to Neutral at JPMorgan; PT USD 105
- Par Pacific (PARR) Upgraded to Outperform at Mizuho; PT USD 79 (prev. USD 58)
- Pebblebrook Hotel Trust (PEB) Upgraded to Buy at Truist Securities; PT USD 17 (prev. USD 14)
- Phillips 66 (PSX) Upgraded to Outperform at Mizuho; PT USD 212 (prev. USD 170)
- RPM International (RPM) Upgraded to Buy at UBS; PT USD 130 (prev. USD 118)
- TD SYNNEX (SNX) Upgraded to Overweight at JPMorgan; PT USD 298
- Advanced Drainage Systems (WMS) Upgraded to Overweight at Stephens; PT USD 175 (prev. USD 190)
DOWNGRADES
- ACNB (ACNB) Downgraded to Market Perform at Hovde Group
- Endava (DAVA) Downgraded to Neutral at Guggenheim
- Dollar General (DG) Downgraded to Hold at Deutsche Bank; PT USD 110 (prev. USD 170)
- HF Sinclair (DINO) Downgraded to Neutral at Mizuho; PT USD 79 (prev. USD 67)
- First Interstate BancSystem (FIBK) Downgraded to Neutral at DA Davidson
- Genesco (GCO) Downgraded to Neutral at Seaport Global Securities
- Kennametal (KMT) Downgraded to Underweight at Barclays; PT USD 33 (prev. USD 40)
- Kosmos Energy (KOS) Downgraded to Underperform at Mizuho; PT USD 3 (prev. USD 2)
- Sportradar (SRAD) Downgraded to Neutral at JPMorgan; PT USD 16 (prev. USD 26)
- Winnebago Industries (WGO) Downgraded to Neutral at Citi
- Westlake (WLK) Downgraded to Neutral at Citi; PT USD 95 (prev. USD 125)
- Zscaler (ZS) Downgraded to In Line at Evercore ISI; PT USD 155 (prev. USD 225)
- Zoetis (ZTS) Downgraded to Hold at Argus
INITIATIONS
- Asbury Automotive Group (ABG) Initiated at New Neutral at UBS; PT USD 202
- AutoNation (AN) Initiated at New Buy at UBS; PT USD 234
- Dave (DAVE) Initiated at New In Line at Evercore ISI; PT USD 260
- GE Aerospace (GE) Initiated at New Buy at Seaport Global Securities; PT USD 375
- Genmab (GMAB) Initiated at New Buy at Truist Securities; PT USD 40
- Group 1 Automotive (GPI) Initiated at New Neutral at UBS; PT USD 338
- Intuit (INTU) Initiated at New Buy at BofA Securities; PT USD 400
- Kodiak Gas Services (KGS) Initiated at New Overweight at Wells Fargo; PT USD 93
- CarMax (KMX) Initiated at New Neutral at UBS; PT USD 42
- Lithia Motors (LAD) Initiated at New Buy at UBS; PT USD 348
- MaxLinear (MXL) Initiated at New Buy at Benchmark; PT USD 125
- Penske Automotive Group (PAG) Initiated at New Neutral at UBS; PT USD 167
- Sonic Automotive (SAH) Initiated at New Buy at UBS; PT USD 90
- Viking Therapeutics (VKTX) Initiated at New Buy at Truist Securities; PT USD 83
- Vertex Pharmaceuticals (VRTX) Initiated at New Buy at Truist Securities; PT USD 542
- Workday (WDAY) Initiated at New Neutral at BofA Securities; PT USD 140
Related headlines
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 10 hours ago
- Newsqawk European Market Wrap - 9th September 202610 hours ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal15 hours ago
- Enbridge (ENB) to buy Tallgrass crude business for USD 2.55bln in cash4 hours ago
- Salesforce (CRM) reportedly held talks to buy Listen Labs, an AI customer research platform, for USD 2bln, according to Business Insider5 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 BROKER MOVES: TMO upgraded at UBS; VMC downgraded at Wells Fargo11 hours ago
- FedEx (FDX) files to sell USD-denominated 10-year notes11 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 SCMP55 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 2bln5 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
The whole workspace, free to try.
Try it free