US BROKER MOVES: MRVL upgraded at Barclays; DDOG upgraded at Guggenheim
The upgrades of Marvell Technology (MRVL) and Datadog (DDOG) at Barclays and Guggenheim respectively indicate a positive outlook from analysts, suggesting confidence in their growth potential.
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US BROKER MOVES: MRVL upgraded at Barclays; DDOG upgraded at Guggenheim
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UPGRADES
- United Community Banks (UCB) Upgraded to Outperform at Keefe, Bruyette & Woods; PT USD 40 (prev. USD 36)
- Texas Instruments (TXN) Upgraded to Buy at Stifel; PT USD 250 (prev. USD 215)
- STAAR Surgical (STAA) Upgraded to Buy at Canaccord; PT USD 27 (prev. USD 22)
- RenaissanceRe (RNR) Upgraded to Overweight at Cantor Fitzgerald; PT USD 340
- Marvell Technology (MRVL) Upgraded to Overweight at Barclays; PT USD 150 (prev. USD 105)
- LyondellBasell (LYB) Upgraded to Overweight at Alembic Global Advisors
- HealthEquity (HQY) Upgraded to Outperform at BMO Capital; PT USD 105 (prev. USD 85)
- Dow (DOW) Upgraded to Overweight at Alembic Global Advisors
- Datadog (DDOG) Upgraded to Buy at Guggenheim; PT USD 175
- Carter’s (CRI) Upgraded to Neutral at Goldman Sachs; PT USD 38
- Capital One (COF) Upgraded to Overweight at JPMorgan; PT USD 213 (prev. USD 256)
- Canadian National Railway (CNI) Upgraded to Buy at BOFA Securities; PT USD 122 (prev. USD 117)
- Maplebear (CART) Upgraded to Outperform at Raymond James; PT USD 50
DOWNGRADES
- Zscaler (ZS) Downgraded to Neutral at BTIG
- W. R. Berkley (WRB) Downgraded to Neutral at Cantor Fitzgerald; PT USD 71
- Tradeweb Markets (TW) Downgraded to Hold at TD Cowen
- Tronox (TROX) Downgraded to Hold at Truist Securities
- Trustmark (TRMK) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 45
- Shore Bancshares (SHBI) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 20
- Kosmos Energy (KOS) Downgraded to Sell at Goldman Sachs; PT USD 2.25
- Hormel Foods (HRL) Downgraded to Neutral at JPMorgan; PT USD 23 (prev. USD 28)
- Hain Celestial (HAIN) Downgraded to Market Perform at William Blair
- GitLab (GTLB) Downgraded to Neutral at Guggenheim
- Conagra Brands (CAG) Downgraded to Neutral at BNP Paribas Exane
- Blackstone Secured Lending (BXSL) Downgraded to Neutral at B.Riley; PT USD 24.50
- Bullish (BLSH) Downgraded to Neutral at Rosenblatt
- Assertio (ASRT) Downgraded to Neutral at H.C. Wainwright; PT USD 18
- AES Corp (AES) Downgraded to Neutral at Susquehanna; PT USD 15 (prev. USD 16)
INITIATIONS
- Willdan Group (WLDN) Initiated at New Outperform at Wedbush; PT USD 110
- Unitil (UTL) Initiated at New Sector Perform at Scotiabank; PT USD 57
- ARS Pharmaceuticals (SPRY) Initiated at New Outperform at Northland; PT USD 25
- Shenandoah Telecommunications (SHEN) Initiated at New Buy at Craig-Hallum; PT USD 29
- Rithm Capital (RITM) Initiated at New Buy at Lucid Capital Markets; PT USD 12.50
- Primoris Services (PRIM) Initiated at New Outperform at Wolfe Research; PT USD 183
- Huron Consulting (HURN) Initiated at New Outperform at Wedbush; PT USD 160
- Hovnanian Enterprises (HOV) Initiated at New Market Underperform at Citizens; PT USD 74
- Globant (GLOB) Initiated at New Outperform at Wedbush; PT USD 61
- Evergy (EVRG) Initiated at New Buy at BTIG; PT USD 99
- Dell Technologies (DELL) Initiated at New Peerperform at Wolfe Research
- Cognizant (CTSH) Initiated at New Neutral at Wedbush; PT USD 61
- Cint Group (CINT) Initiated at New Outperform at Wedbush; PT USD 9
- Ameren (AEE) Initiated at New Buy at BTIG; PT USD 131
Context
This reflects broader sentiment around the tech sector, which could catalyze buying interest in these stocks and possibly influence peers in the space. As analysts revise price targets upward, it may also affect market positioning and investor sentiment in the technology and software sectors.
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