US BROKER MOVES: GFS upgraded at Susquehanna; MNST upgraded at Rothschild & Redburn
The upgrades for stocks like GlobalFoundries (GFS) and Monster Beverage (MNST) suggest a positive sentiment shift and could drive upward price momentum in these names.
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US BROKER MOVES: GFS upgraded at Susquehanna; MNST upgraded at Rothschild & Redburn
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UPGRADES
- AMC Entertainment (AMC) Upgraded to Buy at Benchmark; PT USD 2.50
- AMD (AMD) Upgraded to Outperform at Bernstein; PT USD 525
- AMD (AMD) Upgraded to Buy at Goldman; PT USD 450
- American Eagle (AEO) Upgraded to Equal-Weight at Barclays; PT USD 19
- Arthur J Gallagher (AJG) Upgraded to Buy at Citi; PT USD 250
- Ashland (ASH) Upgraded to Buy at Seaport Global Securities; PT USD 75
- Brown & Brown (BRO) Upgraded to Buy at Citi; PT USD 70
- DaVita (DVA) Upgraded to Buy at Deutsche Bank; PT USD 220
- Deckers Outdoor (DECK) Upgraded to Market Perform at Bernstein; PT USD 100
- Franklin Resources (BEN) Upgraded to Equal-Weight at Morgan Stanley
- GlobalFoundries (GFS) Upgraded to Positive at Susquehanna; PT USD 100
- Grab Holdings (GRAB) Upgraded to Buy at China Renaissance; PT USD 5
- LCI Industries (LCII) Upgraded to Buy at Roth Capital Partners; PT USD 164
- Marsh McLennan (MRSH) Upgraded to Buy at Citi; PT USD 200
- Monster Beverage (MNST) Upgraded to Buy at Rothschild & Co Redburn
- PayPal (PYPL) Upgraded to Outperform at Daiwa
- Sphere Entertainment (SPHR) Upgraded to Buy at Benchmark; PT USD 155
- United Fire (UFCS) Upgraded to Overweight at Piper Sandler; PT USD 45
- VF Corp (VFC) Upgraded to Buy at BTIG; PT USD 23
- Vivid Seats (SEAT) Upgraded to Neutral at BofA; PT USD 7.25
- Wells Fargo (WFC) Upgraded to Buy at Phillip Secs; PT USD 98
- Willis Towers (WTW) Upgraded to Buy at Citi; PT USD 300
DOWNGRADES
- Abercrombie & Fitch (ANF) Downgraded to Underweight at Barclays; PT USD 76
- AGI (AGBK) Downgraded to Market Perform at Itau BBA; PT USD 9
- BellRing Brands (BRBR) Downgraded to Market Perform at Bernstein; PT USD 11
- BellRing Brands (BRBR) Downgraded to Equal-Weight at Morgan Stanley; PT USD 13
- Coupang (CPNG) Downgraded to Neutral at Citi; PT USD 22.20
- Embecta (EMBC) Downgraded to Neutral at BTIG
- Enovix (ENVX) Downgraded to Underweight at JPMorgan
- IAC Inc. (IAC) Downgraded to Hold at Jefferies; PT USD 44
- Lucid (LCID) Downgraded to Hold at Benchmark
- Norwegian Cruise (NCLH) Downgraded to Neutral at Northcoast
- Reddit (RDDT) Downgraded to Accumulate at Phillip Secs; PT USD 200
- TopBuild (BLD) Downgraded to Hold at Loop Capital; PT USD 485
- TopBuild (BLD) Downgraded to Neutral at DA Davidson; PT USD 437
- Towne Bank (TOWN) Downgraded to Market Perform at KBW; PT USD 38
- TransMedics (TMDX) Downgraded to Market Perform at Oppenheimer
- Valley National (VLY) Downgraded to Equal-Weight at Morgan Stanley; PT USD 15
- Westlake Corp (WLK) Downgraded to Underweight at JPMorgan; PT USD 90
INITIATIONS
- Celsius Holdings (CELH) Initiated at New Neutral at Rothschild & Co Redburn
- Dakota Gold (DC) Initiated at New Outperform at CIBC; PT USD 11
- Eton Pharmaceuticals (ETON) Initiated at New Buy at Singular Research
- F&G Annuities & Life (FG) Initiated at New Market Perform at Raymond James
- Kymera (KYMR) Initiated at New Buy at Canaccord; PT USD 106
Context
Upgrading by reputable firms like Susquehanna and Rothschild may signal confidence in their growth outlook, potentially attracting additional institutional interest. It’s worth monitoring how this affects sector dynamics and trader positioning, particularly in tech and consumer goods.
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