US BROKER MOVES: META upgraded at Erste Group, downgraded at Arete

The mixed analyst activity on Meta Platforms (META) reflects divergent views, with Erste Group upgrading to Buy while Arete downgraded to Neutral.

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US BROKER MOVES: META upgraded at Erste Group, downgraded at Arete

US PRE-MARKET MOVERS: AVGO, NVDA, BRK.B, TTD, IREN, MS

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UPGRADES

  • Agnico Eagle Mines (AEM) upgraded from Hold to Buy at Erste Group
  • American International Group (AIG) upgraded from Neutral to Buy at Goldman Sachs; PT USD 90 (prev. USD 83)
  • Antero Resources (AR) upgraded from Hold to Buy at Benchmark; PT USD 44
  • Builders FirstSource (BLDR) upgraded from Sector Perform to Outperform at RBC Capital; PT USD 119
  • Cross Country Healthcare (CCRN) upgraded from Hold to Buy at Benchmark; PT USD 14
  • Dauch Corp. (DCH) upgraded from Hold to Buy at Deutsche Bank; PT USD 8
  • Dow (DOW) upgraded from Underperform to Market Perform at BMO Capital; PT USD 35 (prev. USD 22)
  • LyondellBasell (LYB) upgraded from Underperform to Market Perform at BMO Capital; PT USD 68 (prev. USD 38)
  • Mayville Engineering (MEC) upgraded from Market Perform to Outperform at Northland; PT USD 25 (prev. USD 20)
  • Meta Platforms (META) upgraded from Hold to Buy at Erste Group
  • Penn Entertainment (PENN) upgraded from Hold to Buy at Benchmark; PT USD 21
  • Seadrill (SDRL) upgraded from Sell to Neutral at Citi; PT USD 46 (prev. USD 32)
  • Marriott Vacations Worldwide (VAC) upgraded from Neutral to Outperform at Mizuho; PT USD 104 (prev. USD 58)
  • Westlake (WLK) upgraded from Market Perform to Outperform at BMO Capital; PT USD 127 (prev. USD 108)

DOWNGRADES

  • American Airlines (AAL) downgraded from Buy to Neutral at Rothschild Redburn; PT USD 12.50 (prev. USD 17)
  • Allstate (ALL) downgraded from Buy to Neutral at Goldman Sachs
  • Barclays (BCS) downgraded from Buy to Hold at Erste Group
  • Edison International (EIX) downgraded from Neutral to Sell at Ladenburg Thalmann; PT USD 63
  • Diamondback Energy (FANG) downgraded from Buy to Hold at Benchmark
  • Grocery Outlet (GO) downgraded from Buy to Hold at Jefferies; PT USD 7 (prev. USD 18)
  • Grocery Outlet (GO) downgraded from Buy to Hold at Craig-Hallum; PT USD 7.50
  • Grocery Outlet (GO) downgraded from Outperform to Market Perform at Telsey; PT USD 9 (prev. USD 15)
  • Meta Platforms (META) downgraded from Buy to Neutral at Arete
  • Morgan Stanley (MS) downgraded from Buy to Hold at Erste Group
  • MicroVision (MVIS) downgraded from Buy to Hold at D. Boral Capital
  • Permian Resources (PR) downgraded from Buy to Hold at Benchmark
  • Sable Offshore (SOC) downgraded from Buy to Hold at Benchmark
  • StubHub (STUB) downgraded from Outperform to Neutral at Wedbush; PT USD 10
  • StubHub (STUB) downgraded from Overweight to Neutral at JPMorgan; PT USD 10
  • Talos Energy (TALO) downgraded from Buy to Hold at Benchmark
  • TKO Group (TKO) downgraded from Outperform to Peerperform at Wolfe Research
  • Tencent Music (TME) downgraded from Outperform to Neutral at Macquarie; PT USD 14.10 (prev. USD 28.30)
  • WEBTOON Entertainment (WBTN) downgraded from Buy to Neutral at Goldman Sachs; PT USD 10 (prev. USD 15)
  • Walmart (WMT) downgraded from Buy to Hold at Erste Group

INITIATIONS

  • Affirm Holdings (AFRM) initiated at Buy at BofA Securities; PT USD 82
  • AGBK Corp (AGBK) initiated at Buy at HSBC; PT USD 15
  • Applied Materials (AMAT) initiated at Hold at Erste Group
  • American Tower (AMT) initiated at Market Perform at Bernstein SocGen; PT USD 205
  • Climb Bio (CLYM) initiated at Outperform at Wedbush; PT USD 12
  • GEV Group (GEV) initiated at Buy at Erste Group
  • Klarna Group (KLAR) initiated at Buy at BofA Securities; PT USD 21
  • Mastercard (MA) initiated at Buy at BofA Securities; PT USD 700
  • PayPal (PYPL) initiated at Neutral at BofA Securities; PT USD 48
  • Avita Medical (RCEL) initiated at Outperform at Northland; PT USD 10
  • SBA Communications (SBAC) initiated at Market Perform at Bernstein SocGen; PT USD 218
  • SKYX Platforms (SKYX) initiated at Buy at Lake Street; PT USD 5
  • Sun Bancorp (SUNB) initiated at Neutral at JPMorgan; PT USD 78
  • Visa (V) initiated at Buy at BofA Securities; PT USD 410
  • Vanda Pharmaceuticals (VNDA) initiated at Buy at Truist Securities; PT USD 18
  • Block (XYZ) initiated at Buy at BofA Securities; PT USD 88
Context

This duality suggests that while some analysts see potential for growth in META, others may view current valuations as less appealing, potentially leading to volatility around the stock. It’s crucial to monitor how these ratings influence investor sentiment, as such splits can create trading opportunities.

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