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US BROKER MOVES: JBHT upgraded at Citizens; PTON downgraded at Morgan Stanley

Daily broker roundups of this kind rarely move the tape beyond the names involved, but clustered calls within a sector are the part worth isolating, since a single shop cutting several peers at once signals a view on the group rather than idiosyncratic theses.

Newsquawk StaffPublished On the live feed at — 22 more headlines followed before this page went public
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Wells Fargo (WFC) to sell USD-denominated 3-parter

IRGC said it intercepted and destroyed a US MQ-9 drone over Qeshm Island under the command of the national integrated air defence network, saying the aircraft was the US's 53rd MQ-9

US BROKER MOVES: JBHT upgraded at Citizens; PTON downgraded at Morgan Stanley

Citi (C) announces USD-denominated 4-parter

Pentagon signs framework agreement with Lockheed Martin (LMT) to increase production of aim-260 jatm and boost fms sales

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UPGRADES

  • Haemonetics (HAE) Upgraded from Neutral to Buy at Citi
  • HAWK (HAWK) Upgraded from Neutral to Buy at BofA Securities; PT USD 23
  • J.B. Hunt Transport Services (JBHT) Upgraded from Market Perform to Market Outperform at Citizens; PT USD 300

DOWNGRADES

  • Boston Scientific (BSX) Downgraded from Buy to Neutral at Citi
  • Fluence Energy (FLNC) Downgraded from Buy to Neutral at Goldman Sachs; PT USD 9
  • Lyft (LYFT) Downgraded from Buy to Neutral at Guggenheim; PT USD 16
  • Okta (OKTA) Downgraded from Outperform to Market Perform at Bernstein SocGen Group; PT USD 174
  • Palo Alto Networks (PANW) Downgraded from Outperform to Market Perform at Bernstein SocGen Group; PT USD 351
  • Pegasystems (PEGA) Downgraded from Overweight to Neutral at JPMorgan; PT USD 47
  • Peloton (PTON) Downgraded from Equalweight to Underweight at Morgan Stanley; PT USD 4.50
  • SentinelOne (S) Downgraded from Outperform to Market Perform at Bernstein SocGen Group; PT USD 25

INITIATIONS

  • Abeona Therapeutics (ABEO) Initiated at Buy at Roth/MKM; PT USD 17
  • Applied Digital (APLD) Initiated at Overweight at Wells Fargo; PT USD 50
  • Assured Guaranty (AUGO) Initiated at Sector Outperform at Scotiabank; PT USD 110
  • Celcuity (CELC) Initiated at Overweight at JPMorgan; PT USD 157
  • Cipher Mining (CIFR) Initiated at Overweight at Wells Fargo; PT USD 25
  • Core Scientific (CORZ) Initiated at Overweight at Wells Fargo; PT USD 28
  • Crescent Energy (CRGY) Initiated at Buy at Truist Securities; PT USD 19
  • Comstock Resources (CRK) Initiated at Hold at Truist Securities; PT USD 16
  • First Horizon (FHN) Initiated at Market Perform at Hovde Group; PT USD 25
  • GRAIL (GRAL) Initiated at Sector Perform at RBC Capital; PT USD 84
  • Herbalife (HLF) Initiated at Buy at Texas Capital Securities; PT USD 21
  • Honeywell Aerospace (HONA) Initiated at Positive at Susquehanna; PT USD 190
  • iBio (IBIO) Initiated at Buy at H.C. Wainwright; PT USD 7
  • Kraft Heinz (KHC) Initiated at Outperform at RBC Capital; PT USD 32
  • Kopin (KOPN) Initiated at Outperform at Oppenheimer; PT USD 7
  • Kyntra Bio (KYNB) Initiated at Buy at Lake Street; PT USD 41
  • Mira Pharmaceuticals (MIRA) Initiated at Buy at Maxim Group; PT USD 3.50
  • MediciNova (MNOV) Initiated at Buy at Roth/MKM; PT USD 6
  • Octave Intelligence (OCTV) Initiated at Equalweight at Morgan Stanley; PT USD 21
  • Pandora (P) Initiated at Buy at Needham; PT USD 140
  • Paymentus (PAY) Initiated at Buy at Seaport Global Securities; PT USD 42
  • Prenetics (PRE) Initiated at Buy at Craig-Hallum; PT USD 40
  • Prelude Therapeutics (PRLD) Initiated at Overweight at JPMorgan; PT USD 12
  • Paramount Skydanc (PSKY) Initiated at Underweight at Barclays; PT USD 8
  • Red Violet (RDVT) Initiated at Outperform at Raymond James; PT USD 90
  • SiTime (SITM) Initiated at Overweight at Morgan Stanley; PT USD 730
  • Soluna (SLNH) Initiated at Buy at Rosenblatt; PT USD 4
  • Spruce Biosciences (SPRB) Initiated at Buy at Lake Street; PT USD 149
  • T1 Energy (TE) Initiated at Hold at Vertical Research Partners; PT USD 5
  • Telomir Pharmaceuticals (TELO) Initiated at Buy at Maxim Group; PT USD 4
  • Alpha Teknova (TKNO) Initiated at Buy at Jefferies; PT USD 9
  • Taysha Gene Therapies (TSHA) Initiated at Outperform at Wolfe Research
  • VF Corp (VFC) Initiated at Hold at Deutsche Bank; PT USD 14
  • Verastem (VSTM) Initiated at Outperform at Wolfe Research
  • Warner Bros Discovery (WBD) Initiated at Equalweight at Barclays; PT USD 29
  • Western Midstream (WES) Initiated at Buy at Truist Securities; PT USD 55
  • TeraWulf (WULF) Initiated at Overweight at Wells Fargo; PT USD 30
  • Zymeworks (ZYME) Initiated at Outperform at Wolfe Research
Context

Here the notable pattern is the cybersecurity sleeve, with one firm taking Palo Alto, Okta and SentinelOne down together, a sequence that in past episodes of this kind has tended to pressure the whole peer set intraday as the read-across is digested. The Peloton cut to the bottom of the rating scale at a major house fits a familiar pattern for structurally challenged small caps, where such moves have historically been trend-following rather than thesis-changing. Initiation blocks skewing toward early-stage biotech and bitcoin-mining or data-center names are typical of quieter research calendars and carry less signal. The tells are whether the cybersecurity downgrade is followed by peers within days, which has been the usual contagion pattern, and whether the group call is framed on valuation or on fundamentals, the latter carrying more durability.

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