US BROKER MOVES: FDX upgraded at Wells Fargo; ADBE, FRSH, VERX downgraded at Piper Sandler
FedEx's upgrade at Wells Fargo reflects growing confidence in its operational recovery and market position, which may support a positive sentiment for its stock and related sectors.
Newsquawk StaffPublished On the live feed at — 4 more headlines followed before this page went public
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Illinois Tool Works Inc. (ITW) Q4 2025 (USD): EPS 2.72 (exp. 2.69), Revenue 4.1bln (exp. 4.06bln)
Fed's Barkin (2027 voter) says as we move into 2026, it feels like the fog is starting to lift — or perhaps our eyes are just starting to adjust.
US BROKER MOVES: FDX upgraded at Wells Fargo; ADBE, FRSH, VERX downgraded at Piper Sandler
JPM Treasury Client Survey (w/e Feb 2nd): Active clients show the fewest net longs since January 5th, 2026
Fed's Miran says underlying inflation is not a problem; needs to cut rates by about a percentage point this year - Fox News interview
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UPGRADES
- Affirm Holdings (AFRM) Upgraded to Overweight at Morgan Stanley; PT USD 76
- Baidu (BIDU) ADRs Upgraded to Buy at China Renaissance; PT USD 180
- Becton Dickinson (BDX) Upgraded to Buy at Citi; PT USD 233
- Equity LifeStyle (ELS) Upgraded to Buy at BofA
- FedEx (FDX) Upgraded to Outperform at Bernstein; PT USD 427
- FedEx (FDX) Upgraded to Overweight at Wells Fargo; PT USD 380
- JetBlue (JBLU) Upgraded to Neutral at Citi
- JPMorgan (JPM) Upgraded to Neutral at Baird; PT USD 280
- Mastercard (MA) Upgraded to Outperform at Daiwa; PT USD 610
- Palantir (PLTR) Upgraded to Outperform at Baird; PT USD 200
- Popular (BPOP) Upgraded to Buy at BofA; PT USD 156
- Q2 Holdings (QTWO) Upgraded to Buy at DA Davidson; PT USD 82
- SoFi Technologies (SOFI) Upgraded to Overweight at JPMorgan; PT USD 31
- Stellar Bancorp (STEL) Upgraded to Outperform at KBW; PT USD 44
- Visa (V) Upgraded to Outperform at Daiwa; PT USD 370
DOWNGRADES
- Adobe (ADBE) Downgraded to Neutral at Piper Sandler
- Coterra Energy (CTRA) Downgraded to Sector Perform at Scotiabank; PT USD 31
- DHT Holdings (DHT) Downgraded to Hold at ABG; PT USD 14.30
- Elevance (ELV) Downgraded to Sector Perform at RBC; PT USD 358
- Exxon (XOM) Downgraded to Underperform at BNP Paribas; PT USD 125
- Figure Technology (FIGR) Downgraded to Underperform at BofA
- Freshworks (FRSH) Downgraded to Neutral at Piper Sandler
- Lockheed (LMT) Downgraded to Hold at DZ Bank; PT USD 665
- Peakstone Realty Trust (PKST) Downgraded to Neutral at UBS; PT USD 21
- Schneider National (SNDR) Downgraded to Hold at Stifel; PT USD 26
- Sun Country Airlines (SNCY) Downgraded to Hold at TD Cowen; PT USD 18
- Vertex (VERX) Downgraded to Neutral at Piper Sandler
INITIATIONS
- Aktis Oncology (AKTS) Initiated at New Outperform at Leerink; PT USD 31
- Aktis Oncology (AKTS) Initiated at New Buy at TD Cowen
- Aktis Oncology (AKTS) Initiated at New Overweight at JPMorgan; PT USD 30
- Alexandria Real Estate (ARE) Reinstated Neutral at Goldman; PT USD 60
- Caribou Biosciences (CRBU) Initiated at New Buy at Clear Street; PT USD 13
- GCI Liberty (GLIBA) Initiated at New Buy at Seaport Global Securities; PT USD 68
- Limbach Holdings (LMB) Initiated at New Neutral at JPMorgan; PT USD 100
- MSA Safety (MSA) Initiated at New Neutral at JPMorgan; PT USD 200
- Nebius Group (NBIS) Initiated at New Buy at Freedom Capital; PT USD 108
- Ovintiv (OVV) Initiated at New Equal-Weight at Stephens; PT USD 44
- ReNew Energy (RNW) Reinstated Equal-Weight at Morgan Stanley; PT USD 6.03
- Sagimet Biosciences (SGMT) Initiated at New Buy at Guggenheim; PT USD 27
- TaskUS (TASK) Initiated at New Outperform at Wedbush; PT USD 15
Context
Conversely, downgrades for Adobe, Freshworks, and Vertex suggest a potential reassessment of growth trajectories, which could create headwinds for these names and their respective sectors in the near term.
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