US BROKER MOVES: MOS upgraded at Scotiabank, FTNT downgraded; HUM downgraded at Morgan Stanley

The recent upgrades and downgrades by top brokerages highlight shifting investor sentiment and potential revaluations in certain sectors.

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US BROKER MOVES: MOS upgraded at Scotiabank, FTNT downgraded; HUM downgraded at Morgan Stanley

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US PRE-MARKET MOVERS: NVDA, ORCL, CRML/USAR/MP/UUUU/UAML, IDXX, MCD, DIS, HUM, BYDDY

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UPGRADES

  • ARM Holdings (ARM) ADRs Upgraded to Neutral at Grupo Santander; PT USD 104
  • Autodesk (ADSK) Upgraded to Overweight at JPMorgan; PT USD 319
  • Church & Dwight (CHD) Upgraded to Neutral at JPMorgan; PT USD 100
  • Darling Ingredients (DAR) Upgraded to Outperform at Baird; PT USD 62
  • Futu Holdings (FUTU) ADRs Upgraded to Buy at Goldman; PT USD 213.39
  • Liberty Energy (LBRT) Upgraded to Overweight at Piper Sandler; PT USD 32
  • McDonald's (MCD) Upgraded to Buy at BTIG; PT USD 360
  • Mosaic (MOS) Upgraded to Sector Outperform at Scotiabank; PT USD 36
  • ResMed (RMD) Upgraded to Buy at Morgans Financial Limited; PT USD 47.73

DOWNGRADES

  • Autoliv (ALV) Downgraded to Hold at Handelsbanken; PT USD 130
  • Best Buy (BBY) Downgraded to Neutral at JPMorgan; PT USD 76
  • BioNTech (BNTX) ADRs Downgraded to Market Perform at Leerink; PT USD 113
  • Chevron (CVX) Downgraded to Hold at HSBC; PT USD 180
  • Cirrus Logic (CRUS) Downgraded to Hold at Loop Capital; PT USD 130
  • Fortinet (FTNT) Downgraded to Sector Perform at Scotiabank; PT USD 85
  • Humana (HUM) Downgraded to Underweight at Morgan Stanley; PT USD 174
  • Independent Bank Corp (INDB) Downgraded to Underweight at Barclays; PT USD 80
  • International Paper (IP) Downgraded to Neutral at UBS; PT USD 44
  • Prosperity Banc (PB) Downgraded to Underweight at Barclays; PT USD 68
  • PTC Inc. (PTC) Downgraded to Underweight at JPMorgan; PT USD 162

INITIATIONS

  • American Bitcoin (ABTC) Initiated at New Buy at HC Wainwright; PT USD 4
  • Avalo Therapeutics (AVTX) Initiated at New Buy at Guggenheim; PT USD 50
  • Circle Internet (CRCL) Initiated at New Equal-Weight at Morgan Stanley; PT USD 66
  • Cullinan Therapeutics (CGEM) Initiated at New Buy at Guggenheim; PT USD 30
  • Here Group Ltd (HERE) ADRs Initiated at New Outperform at CICC; PT USD 6.50
  • KLA Corp (KLAC) Initiated at New Neutral at CTBC Securities; PT USD 1,750
  • Micron (MU) Initiated at New Buy at Phillip Secs; PT USD 500
  • Praxis Precision (PRAX) Initiated at New Equal-Weight at Wells Fargo; PT USD 282
  • Rapport Therapeutics (RAPP) Initiated at New Overweight at Wells Fargo; PT USD 43
  • Sandisk (SNDK) Initiated at New Buy at CTBC Securities; PT USD 660
  • Stewart Information (STC) Initiated at New Market Outperform at Citizens
  • Synergy CHC (SNYR) Initiated at New Buy at Ascendiant Capital Markets; PT USD 5
  • Teradyne (TER) Initiated at New Buy at Aletheia Capital; PT USD 400
  • Waystar (WAY) Initiated at New Outperform at Leerink; PT USD 43
Context

Specifically, Mosaic's upgrade could signal greater confidence in agricultural stocks, while Humana's downgrade suggests caution in the healthcare sector, potentially impacting those related equities and their performance. Traders should consider sector trends and the implications for peer companies as these ratings can indicate market shifts and affect trading strategies.

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