US BROKER MOVES: INTC upgraded at Northland; PTON downgraded at MS
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Aircrafts have reportedly targeted Houthi reinforcements on route to the west of Taiz, Al Hadath reports
16 potential borrowers are considering US investment-grade bond sales Tuesday, though some issuers are staying sidelined amid a softer credit backdrop and may return later in the week if market conditions improve, according to a Bloomberg survey
US BROKER MOVES: INTC upgraded at Northland; PTON downgraded at MS
Santander (SAN SM) files to sell USD-denominated 3-parter
South Korea's defence ministry says it will dispatch investigation team to assess situation in the Strait of Hormuz, Yonhap reports
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UPGRADES
- Asbury Automotive Group (ABG) upgraded from Neutral to Buy at Seaport Global Securities; PT USD 300.00
- Airbnb (ABNB) upgraded from Market Perform to Outperform at Raymond James; PT USD 200.00
- Commerce Bancshares (CBSH) upgraded from Equalweight to Overweight at Morgan Stanley; PT USD 76.00 (prev. USD 65.00)
- Cullen/Frost Bankers (CFR) upgraded from Underweight to Overweight at Morgan Stanley; PT USD 200.00 (prev. USD 141.00)
- C.H. Robinson Worldwide (CHRW) upgraded from Neutral to Buy at Citi; PT USD 185.00 (prev. USD 196.00)
- Costco Wholesale (COST) upgraded from Hold to Buy at Freedom Broker; PT USD 1,030.00
- Cenovus Energy (CVE) upgraded from Neutral to Overweight at JPMorgan
- EchoStar (ECHO) upgraded from Neutral to Buy at UBS; PT USD 150.00 (prev. USD 127.00)
- Equifax (EFX) upgraded from Neutral to Outperform at BNP Paribas Exane
- Eaton (ETN) upgraded from Neutral to Buy at UBS; PT USD 515.00 (prev. USD 450.00)
- East West Bancorp (EWBC) upgraded from Equalweight to Overweight at Morgan Stanley; PT USD 160.00 (prev. USD 131.00)
- FactSet Research Systems (FDS) upgraded from Market Perform to Outperform at William Blair
- Intel (INTC) upgraded from Market Perform to Outperform at Northland; PT USD 120.00
- Lockheed Martin (LMT) upgraded from Neutral to Buy at UBS; PT USD 674.00 (prev. USD 581.00)
- Magnolia Oil & Gas (MGY) upgraded from Neutral to Overweight at JPMorgan; PT USD 33.00
- M&T Bank (MTB) upgraded from Equalweight to Overweight at Morgan Stanley; PT USD 304.00 (prev. USD 253.00)
- Old Dominion Freight Line (ODFL) upgraded from Neutral to Buy at Citi; PT USD 223.00 (prev. USD 231.00)
- Sea Ltd. (SE) upgraded from Neutral to Buy at Arete; PT USD 152.00
- Sweetgreen (SG) upgraded from Sector Weight to Overweight at KeyBanc; PT USD 9.00
- Synopsys (SNPS) upgraded from Equalweight to Overweight at Morgan Stanley; PT USD 500.00
- Sensata Technologies (ST) upgraded from Equalweight to Overweight at Barclays; PT USD 55.00
DOWNGRADES
- Autoliv (ALV) downgraded from Buy to Hold at TD Cowen; PT USD 137.00
- Amgen (AMGN) downgraded from Outperform to Market Perform at BMO Capital; PT USD 450.00
- Best Buy (BBY) downgraded from Buy to Neutral at DA Davidson; PT USD 95.00
- Biohaven (BHVN) downgraded from Outperform to Sector Perform at RBC Capital; PT USD 19.00 (prev. USD 23.00)
- Baidu (BIDU) downgraded from Buy to Neutral at Arete; PT USD 108.00
- BioNTech (BNTX) downgraded from Outperform to Market Perform at BMO Capital; PT USD 105.00 (prev. USD 128.00)
- Customers Bancorp (CUBI) downgraded from Equalweight to Underweight at Morgan Stanley; PT USD 89.00 (prev. USD 88.00)
- Doximity (DOCS) downgraded from Buy to Hold at Freedom Capital; PT USD 27.00 (prev. USD 24.00)
- eGain Inc. (EGAN) downgraded from Buy to Neutral at Roth; PT USD 7.00 (prev. USD 21.00)
- Essex Property Trust (ESS) downgraded from Outperform to Neutral at Mizuho; PT USD 295.00
- JD.com (JD) downgraded from Buy to Neutral at Arete; PT USD 30.00
- L3Harris Technologies (LHX) downgraded from Buy to Hold at Melius
- Bank OZK (OZK) downgraded from Equalweight to Underweight at Morgan Stanley; PT USD 56.00
- Prosperity Bancshares (PB) downgraded from Equalweight to Underweight at Morgan Stanley; PT USD 80.00
- PDD Holdings (PDD) downgraded from Buy to Neutral at Arete; PT USD 93.00
- Phreesia (PHR) downgraded from Outperform to Market Perform at Raymond James
- Peloton Interactive (PTON) downgraded from Equalweight to Underweight at Morgan Stanley; PT USD 4.50 (prev. USD 5.00)
- Simmons First National (SFNC) downgraded from Equalweight to Underweight at Morgan Stanley; PT USD 26.00 (prev. USD 24.00)
- Smith & Nephew (SNN) downgraded from Buy to Neutral at BofA Securities; PT USD 31.00
- Zions Bancorporation (ZION) downgraded from Overweight to Underweight at Morgan Stanley; PT USD 77.00
INITIATIONS
- Ametek (AME) initiated Buy at Vertical Research Partners; PT USD 255.00
- Andersen Group (ANDG) initiated Market Perform at BMO Capital; PT USD 58.00
- Adlai Nortye (ANL) initiated Buy at Lucid Capital Markets; PT USD 49.00
- Arrowhead Pharmaceuticals (ARWR) initiated Buy at Citi; PT USD 108.00
- Bit Digital (BTBT) initiated Buy at H.C. Wainwright; PT USD 4.00
- Circle Internet Group (CRCL) initiated Market Perform at Keefe, Bruyette & Woods; PT USD 105.00
- Evolv Technologies (EVLV) initiated Buy at Ladenburg Thalmann; PT USD 8.00
- FedEx Freight (FDXF) initiated Overweight at JPMorgan; PT USD 160.00
- First Horizon (FHN) initiated Equalweight at Morgan Stanley; PT USD 30.00
- Londian Wason New Energy Tech (FOIL) initiated Overweight at Cantor Fitzgerald; PT USD 31.00
- Guardant Health (GH) initiated Buy at Rothschild Redburn; PT USD 203.00
- Corning (GLW) initiated Buy at China Renaissance; PT USD 238.00
- Hawaiian Electric Industries (HE) initiated Sell at Ladenburg Thalmann; PT USD 7.00
- Home BancShares (HOMB) initiated Outperform at Hovde Group; PT USD 34.00
- IDEX (IEX) initiated Buy at Vertical Research Partners; PT USD 250.00
- JBT Marel (JBTM) initiated Overweight at Barclays; PT USD 150.00
- Liftoff (LFTO) initiated Neutral at Cannonball Research; PT USD 20.50
- Marsh McLennan (MRSH) initiated Buy at Erste Group
- Northrim BanCorp (NRIM) initiated Outperform at Hovde Group; PT USD 30.00
- Natera (NTRA) initiated Buy at Rothschild Redburn; PT USD 385.00
- Ormat Technologies (ORA) initiated Strong Buy (1) at Presidents Capital Management; PT USD 129.00
- UiPath (PATH) initiated Buy at Citi; PT USD 23.00
- PDF Solutions (PDFS) initiated Overweight at Morgan Stanley; PT USD 62.00
- Pinnacle Financial Partners (PNFP) initiated Overweight at Morgan Stanley; PT USD 137.00
- Securitize (SECZ) initiated Buy at Needham; PT USD 11.00
- Shake Shack (SHAK) initiated Outperform at RBC Capital; PT USD 89.00
- SpaceX (SPCX) initiated Buy at Pivotal Research; PT USD 220.00
- Tempus AI (TEM) initiated Neutral at Rothschild Redburn; PT USD 67.00
- Willis Lease Finance (WLFC) initiated Buy at Deutsche Bank; PT USD 80.00
- TeraWulf (WULF) initiated Buy at Freedom Capital; PT USD 19.00
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