US BROKER MOVES: HPE upgraded at Daiwa; EIX downgraded at Jefferies
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US BROKER MOVES: HPE upgraded at Daiwa; EIX downgraded at Jefferies
Pakistan Foreign Minister says that there should not be any fee or charges to cross the Strait of Hormuz
Iran's IRGC says it is ready to respond to any threat or attack, warning its response would be more lethal than the previous one
On the Newsquawk feed at , 20 minutes before this page.
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UPGRADES
- Airbnb (ABNB) upgraded from Sector Weight to Overweight at KeyBanc; PT USD 191.00
- Abbott Laboratories (ABT) upgraded from Neutral to Buy at Rothschild Redburn; PT USD 127.00 (prev. USD 119.00)
- Alerus Financial (ALRS) upgraded from Neutral to Overweight at Piper Sandler; PT USD 38.00 (prev. USD 37.00)
- Arxis (ARXS) upgraded from Sector Perform to Outperform at RBC Capital; PT USD 60.00 (prev. USD 50.00)
- Better Home & Finance (BETR) upgraded from Neutral to Overweight at Cantor Fitzgerald; PT USD 16.00
- Cboe Global Markets (CBOE) upgraded from Sell to Neutral at Goldman Sachs; PT USD 300.00 (prev. USD 304.00)
- Americold Realty Trust (COLD) upgraded from Sector Perform to Sector Outperform at Scotiabank
- Horizon Bancorp (HBNC) upgraded from Neutral to Overweight at Piper Sandler; PT USD 24.00 (prev. USD 23.00)
- Hewlett Packard Enterprise (HPE) upgraded from Neutral to Outperform at Daiwa Securities; PT USD 75.00 (prev. USD 65.00)
- Independent Bank Corporation (IBCP) upgraded from Neutral to Overweight at Piper Sandler; PT USD 42.00
- Triumph Financial (TFIN) upgraded from Neutral to Buy at B. Riley; PT USD 82.00
DOWNGRADES
- Amrize (AMRZ) downgraded from Neutral to Underperform at BofA Securities; PT USD 40.00 (prev. USD 50.00)
- AST SpaceMobile (ASTS) downgraded from Buy to Neutral at B. Riley; PT USD 65.00 (prev. USD 85.00)
- AtriCure (ATRC) downgraded from Buy to Hold at Freedom Capital; PT USD 57.00 (prev. USD 43.00)
- First Busey (BUSE) downgraded from Overweight to Neutral at Piper Sandler; PT USD 30.00 (prev. USD 35.00)
- Edison International (EIX) downgraded from Hold to Underperform at Jefferies; PT USD 42.00 (prev. USD 53.00)
- Equity Bancshares (EQBK) downgraded from Overweight to Neutral at Piper Sandler; PT USD 52.00 (prev. USD 60.00)
- Foghorn Therapeutics (FHTX) downgraded from Outperform to Neutral at Wedbush; PT USD 2.00
- Fluence Energy (FLNC) downgraded from Buy to Hold at Siebert Williams Shank; PT USD 8.00
- Hess Midstream (HESM) downgraded from Neutral to Underweight at JPMorgan; PT USD 39.00
- Liquidia (LQDA) downgraded from Overweight to Equal Weight at Wells Fargo; PT USD 30.00 (prev. USD 108.00)
- Northrop Grumman (NOC) downgraded from Outperform to Sector Perform at RBC Capital; PT USD 525.00 (prev. USD 640.00)
- Priority Technology Holdings (PRTH) downgraded from Buy to Neutral at B. Riley; PT USD 8.05 (prev. USD 11.00)
- Synaptics (SYNA) downgraded from Overweight to Equal Weight at Wells Fargo; PT USD 123.00
INITIATIONS
- AirJoule Technologies (AIRJ) initiated Buy at D. Boral Capital; PT USD 8.00
- Allegro MicroSystems (ALGM) initiated Outperform at RBC Capital; PT USD 50.00
- Allison Transmission (ALSN) initiated Buy at Freedom Broker; PT USD 144.00
- AMETEK (AME) initiated Outperform at RBC Capital; PT USD 291.00
- Avalyn Pharma (AVLN) initiated Outperform at Raymond James; PT USD 60.00
- Carrier Global (CARR) initiated Outperform at RBC Capital; PT USD 82.00
- Central Pacific Financial (CPF) initiated Market Perform at Hovde Group; PT USD 38.00
- Datadog (DDOG) initiated Outperform at FBN Securities; PT USD 325.00
- Dover (DOV) initiated Sector Perform at RBC Capital; PT USD 227.00
- Design Therapeutics (DSGN) initiated Overweight at Wells Fargo; PT USD 26.00
- Enliven Therapeutics (ELVN) initiated Overweight at Morgan Stanley; PT USD 70.00
- Emerson Electric (EMR) initiated Outperform at RBC Capital; PT USD 179.00
- Eaton (ETN) initiated Outperform at RBC Capital; PT USD 512.00
- Flowserve (FLS) initiated Outperform at RBC Capital; PT USD 94.00
- Fortive (FTV) initiated Sector Perform at RBC Capital; PT USD 63.00
- Graco (GGG) initiated Outperform at RBC Capital; PT USD 96.00
- Graham Corporation (GHM) initiated Overweight at JPMorgan; PT USD 120.00
- Gates Industrial (GTES) initiated Outperform at RBC Capital; PT USD 34.00
- W.W. Grainger (GWW) initiated Sector Perform at RBC Capital; PT USD 1428.00
- Honeywell (HON) initiated Outperform at RBC Capital; PT USD 293.00
- IDEX Corporation (IEX) initiated Outperform at RBC Capital; PT USD 280.00
- Innovative Industrial Properties (IIPR) initiated Outperform at Huntington; PT USD 60.00
- Johnson Controls (JCI) initiated Sector Perform at RBC Capital; PT USD 161.00
- Lennox International (LII) initiated Sector Perform at RBC Capital; PT USD 469.00
- 3M (MMM) initiated Underperform at RBC Capital; PT USD 132.00
- nVent Electric (NVT) initiated Outperform at RBC Capital; PT USD 200.00
- Onto Innovation (ONTO) initiated Outperform at RBC Capital; PT USD 400.00
- Pentair (PNR) initiated Sector Perform at RBC Capital; PT USD 73.00
- Roper Technologies (ROP) initiated Sector Perform at RBC Capital; PT USD 417.00
- SailPoint (SAIL) initiated Sector Weight at KeyBanc
- Sable Offshore (SOC) initiated Overweight at JPMorgan; PT USD 10.00
- Service Properties Trust (SVC) initiated Buy at Lucid Capital Markets; PT USD 9.00
- Trane Technologies (TT) initiated Sector Perform at RBC Capital; PT USD 496.00
- VEON (VEON) initiated Overweight at Cantor Fitzgerald; PT USD 112.00
- Veralto (VLTO) initiated Sector Perform at RBC Capital; PT USD 109.00
- Vodafone (VOD) initiated Buy at Berenberg; PT USD 18.50
- Vertiv (VRT) initiated Outperform at RBC Capital; PT USD 337.00
- Vistra (VST) initiated Buy at Siebert Williams Shank; PT USD 202.00
- Wesco International (WCC) initiated Outperform at RBC Capital; PT USD 430.00
- Xylem (XYL) initiated Outperform at RBC Capital; PT USD 164.00
Context
The bulk of this list is a single bank's sector initiation sweep: a broad capital goods and industrials launch skewed to Outperform, with Underperform reserved for one large-cap conglomerate and Sector Perform on the more cyclical names. Sweeps of this kind tend to move the covered names only briefly and in order of market cap, with the outlier ratings carrying more signal than the consensus-aligned majority. Among the single-stock calls, the HPE upgrade follows a familiar pattern in the server and AI-infrastructure complex, where broker turns have tended to cluster around order-cycle reads rather than idiosyncratic analysis, so subsequent moves by peer houses are the tell. The Edison downgrade to Underperform sits in a well-worn utility playbook: California-exposed names have repeatedly been marked down on wildfire liability and regulatory-recovery risk, and such calls have historically drawn follow-through from other houses when the underlying exposure is structural rather than transient. The Northrop downgrade fits the periodic rotation in defense coverage when budget-cycle visibility dims. The pattern to note across episodes of this kind is that initiations fade fastest, while downgrades tied to a named structural risk and double-notch rating jumps tend to persist beyond the session.
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