US BROKER MOVES: JNJ upgraded at Leerink; AMD downgraded at Daiwa
UPGRADES
- Corcept (CORT) Upgraded to Buy at UBS; PT USD 72
- Integer (ITGR) Upgraded to Outperform at Oppenheimer; PT USD 115
- Johnson & Johnson (JNJ) Upgraded to Outperform at Leerink; PT USD 265
- MasTec (MTZ) Upgraded to Buy at Guggenheim; PT USD 480
- Mosaic (MOS) Upgraded to Outperform at RBC; PT USD 27
- Newlake Capital Partners (NLCP) Upgraded to Buy at Compass Point; PT USD 17
- Sensata (ST) Upgraded to Buy at Truist Secs; PT USD 58
- Venture Global (VG) Upgraded to Buy at Citi; PT USD 17
- Vestis (VSTS) Upgraded to Outperform at William Blair
- Zebra Tech (ZBRA) Upgraded to Overweight at KeyBanc; PT USD 305
DOWNGRADES
- AMD (AMD) Downgraded to Outperform at Daiwa; PT USD 500
- MercadoLibre (MELI) Downgraded to Neutral at Citi; PT USD 1,950
- Select Medical (SEM) Downgraded to Neutral at Mizuho Securities; PT USD 16.50
- Serve Robotics (SERV) Downgraded to Hold at Freedom Finance; PT USD 18
- Snap (SNAP) Downgraded to Hold at Freedom Capital
- Under Armour (UAA) Downgraded to Hold at Stifel; PT USD 6
- ZoomInfo (GTM) Downgraded to Underperform at Mizuho Securities; PT USD 3
INITIATIONS
- BioAge Labs (BIOA) Initiated at New Buy at BTIG; PT USD 40
- CoinShares (CSHR) Initiated at New Outperform at KBW; PT USD 9
- Heico (HEI) Initiated at New Buy at Rothschild & Co Redburn; PT USD 360
- Kopin (KOPN) Initiated at New Buy at Lucid Capital Markets; PT USD 10
- Madison Air Solutions (MAIR) Initiated at New Hold at Jefferies; PT USD 45
- NextDecade (NEXT) Initiated at New Buy at Citi; PT USD 11
- NRX Therapeutics (NRXP) Initiated at New Buy at Lucid Capital Markets; PT USD 49
- Sandisk (SNDK) Initiated at New Buy at Singular Research; PT USD 2,590
- Unusual Machines (UMAC) Initiated at New Buy at Roth Capital Partners; PT USD 25
Context
The recent upgrades for Johnson & Johnson (JNJ) and several others indicate positive sentiment, particularly for JNJ as it shifts to an Outperform rating at Leerink. This upgrading could signal confidence in JNJ’s growth trajectory or upcoming innovations, which may benefit its share price. Conversely, the downgrade of AMD to Outperform at Daiwa suggests a potential cooling in sentiment for the semiconductor sector, which may weigh on broader tech markets due to the importance of AMD in that space.
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