US BROKER MOVES: MS upgraded at UBS; ARM downgraded at UBS
UBS's recent upgrades for Morgan Stanley and East West Bancorp signal strong confidence in these financial institutions, potentially reflecting favorable conditions and growth prospects in the sector.
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IRGC threatens to attack US bridges and infrastructure, according to Israel's N12 News
US PRE-MARKET MOVERS: Mag-7, HUM/CVS/UNH/ELV, AVGO, ANET, CASY, ARM
US BROKER MOVES: MS upgraded at UBS; ARM downgraded at UBS
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UPGRADES
- Arista Networks (ANET) Upgraded to Buy at Rosenblatt Securities Inc
- Associated Banc (ASB) Upgraded to Overweight at Barclays
- Centerspace (CSR) Upgraded to Overweight at Piper Sandler; PT USD 72
- East West Bancorp (EWBC) Upgraded to Buy at UBS; PT USD 125
- FB Financial (FBK) Upgraded to Strong Buy at Raymond James; PT USD 62
- Flagstar Bank (FLG) Upgraded to Buy at Truist Secs; PT USD 17
- MercadoLibre (MELI) Upgraded to Buy at Jefferies
- Morgan Stanley (MS) Upgraded to Buy at UBS; PT USD 196
- Old Dominion (ODFL) Upgraded to Equal-Weight at Wells Fargo; PT USD 200
- Q2 Holdings (QTWO) Upgraded to Outperform at Baird; PT USD 70
- Rocket Lab (RKLB) Upgraded to Market Outperform at Citizens; PT USD 85
- Third Coast (TCBX) Upgraded to Outperform at Raymond James; PT USD 45
- Wingstop (WING) Upgraded to Buy at Citi; PT USD 230
DOWNGRADES
- Adecoagro (AGRO) Downgraded to Neutral at Banco BTG Pactual; PT USD 16
- ARM Holdings (ARM) ADRs Downgraded to Equal-Weight at Morgan Stanley; PT USD 150
- Bio-Rad (BIO) Downgraded to Neutral at Citi; PT USD 300
- D.R. Horton (DHI) Downgraded to Neutral at Seaport Global Securities
- Equinix (EQIX) Downgraded to Sector Perform at Scotiabank; PT USD 1,050
- First Horizon (FHN) Downgraded to Neutral at UBS
- First Interstate Banc (FIBK) Downgraded to Sell at UBS; PT USD 30
- Insulet (PODD) Downgraded to Neutral at Citi; PT USD 230
- KB Home (KBH) Downgraded to Sell at Seaport Global Securities; PT USD 43
- Lennar (LEN) Downgraded to Sell at Seaport Global Securities; PT USD 74
- LSB Industries (LXU) Downgraded to Sector Perform at RBC; PT USD 14
- M/I Homes (MHO) Downgraded to Neutral at Seaport Global Securities
- NVR (NVR) Downgraded to Sell at Seaport Global Securities; PT USD 5,664
- Park Hotels (PK) Downgraded to Equal-Weight at Barclays; PT USD 9
- PulteGroup (PHM) Downgraded to Sell at Seaport Global Securities; PT USD 100
- Red River (RRBI) Downgraded to Market Perform at Raymond James
- Soleno (SLNO) Downgraded to Hold at TD Cowen; PT USD 53
- Soleno (SLNO) Downgraded to Hold at Stifel; PT USD 53
- Soleno (SLNO) Downgraded to Market Perform at Oppenheimer
- Soleno (SLNO) Downgraded to Neutral at Baird; PT USD 53
- Taylor Morrison (TMHC) Downgraded to Sell at Seaport Global Securities; PT USD 49
- Toll Brothers (TOL) Downgraded to Neutral at Seaport Global Securities
- TopBuild (BLD) Downgraded to Neutral at Seaport Global Securities
- Tractor Supply (TSCO) Downgraded to Neutral at BofA; PT USD 47
- Wix.com (WIX) Downgraded to Market Perform at Citizens
INITIATIONS
- CAAP (CAAP) Initiated at New Outperform at Grupo Santander; PT USD 36
- Equillium (EQ) Initiated at New Overweight at Cantor; PT USD 10
- Forum Markets (FRMM) Initiated at New Speculative Buy at Benchmark; PT USD 5
- Generali (G IM) ADRs Initiated at New Underperform at BNP Paribas; PT USD 18
- Madison Square Garden Entertainment (MSGE) Initiated at New Buy at BTIG
- MapLight Therapeutics (MPLT) Initiated at New Buy at TD Cowen
- National Fuel Gas (NFG) Initiated at New Overweight at KeyBanc; PT USD 110
- Navan (NAVN) Initiated at New Buy at BofA; PT USD 17
- PayPay (PAYP) ADRs Initiated at New Buy at Goldman; PT USD 29
- Permian Resources (PR) Initiated at New Overweight at KeyBanc; PT USD 25
- PicS (PICS) Initiated at New Outperform at Bradesco BBI; PT USD 21
- Quad/Graphics (QUAD) Initiated at New Buy at Benchmark; PT USD 10
- Rank One Computing (ROC) Initiated at New Buy at Benchmark; PT USD 9
- Sharplink (SBET) Initiated at New Buy at HC Wainwright; PT USD 10
- Sutro Biopharma (STRO) Initiated at New Outperform at Leerink; PT USD 38
Context
Conversely, ARM's downgrade at Morgan Stanley suggests a reassessment of its valuation amidst competitive pressures, which could influence investor sentiment and dictate market dynamics for similar tech stocks. Overall, these rating changes could drive price movements consistent with sector expectations, impacting related equities accordingly.
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