US BROKER MOVES: ORCL upgraded at DA Davidson; LI downgraded at JPM
The upgrades for Oracle (ORCL) and others suggest a positive sentiment shift within the tech and healthcare sectors, with analysts likely seeing growth potential that may not have been fully priced in.
Newsquawk StaffPublished On the live feed at — 4 more headlines followed before this page went public
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US BROKER MOVES: ORCL upgraded at DA Davidson; LI downgraded at JPM
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UPGRADES
- Align Technology (ALGN) upgraded from Hold to Buy at HSBC; PT USD 200 (from USD 150)
- Ares Management (ARES) upgraded from Market Perform to Strong Buy at Raymond James; PT USD 157
- Green Plains (GPRE) upgraded from Equal Weight to Overweight at Stephens
- Robinhood Markets (HOOD) upgraded from Peer Perform to Outperform at Wolfe Research; PT USD 125
- LM Funding America (LMRI) upgraded from Outperform to Strong Buy at Raymond James; PT USD 23
- Medtronic (MDT) upgraded from Hold to Buy at Needham; PT USD 121
- Oracle (ORCL) upgraded from Neutral to Buy at DA Davidson; PT USD 180
- Park-Ohio Holdings (PKOH) upgraded from Sector Weight to Overweight at KeyBanc; PT USD 37
- Roblox (RBLX) upgraded from Neutral to Buy at Roth/MKM; PT USD 84 (from USD 78)
- SoFi Technologies (SOFI) upgraded from Market Perform to Market Outperform at Citizens; PT USD 30
- Stellantis (STLA) upgraded from Underperform to Peer Perform at Wolfe Research
- Timken (TKR) upgraded from Sector Weight to Overweight at KeyBanc; PT USD 130
- TPG Inc. (TPG) upgraded from Market Perform to Market Outperform at Citizens; PT USD 75
- Viatris (VTRS) upgraded from Neutral to Buy at UBS; PT USD 18
- WGS upgraded from Equal Weight to Overweight at Wells Fargo; PT USD 155
- ZTO Express (ZTO) upgraded from Neutral to Outperform at Macquarie; PT USD 26.60 (from USD 18.40)
DOWNGRADES
- Marathon Digital (MARA) downgraded from Equal Weight to Underweight at Morgan Stanley; PT USD 8
- Crown Holdings (CCK) downgraded from Buy to Neutral at UBS; PT USD 126
- Corteva (CTVA) downgraded from Buy to Neutral at UBS; PT USD 80 (from USD 81)
- Ero Copper (ERO) downgraded from Buy to Neutral at BofA Securities; PT USD 33 (from USD 36)
- Li Auto (LI) downgraded from Neutral to Underweight at JPMorgan; PT USD 14 (from USD 18)
- RenaissanceRe (RNR) downgraded from Buy to Neutral at Citi; PT USD 328 (from USD 298)
- Teradyne (TER) downgraded from Buy to Neutral at Presidents Capital Management; PT USD 308
- United Community Banks (UCB) downgraded from Outperform to Market Perform at Hovde Group
- Westlake Corp. (WLK) downgraded from Outperform to Neutral at Mizuho; PT USD 88
INITIATIONS
- BridgeBio Pharma (BBNX) initiated at Buy at UBS; PT USD 24
- Cipher Mining (CIFR) initiated at Overweight at Morgan Stanley; PT USD 38
- Dave Inc. (DAVE) initiated at Outperform at Keefe, Bruyette & Woods
- Dave Inc. (DAVE) initiated at Outperform at William Blair
- Ericsson (ERIC) initiated at Equal Weight at Morgan Stanley; PT USD 11
- First Merchants (FRMI) initiated at Market Outperform at Citizens; PT USD 30
- Immix Biopharma (IMMX) initiated at Outperform at Mizuho; PT USD 14
- Nokia (NOK) initiated at Overweight at Morgan Stanley; PT USD 8
- Palomar Holdings (PLMR) initiated at Outperform at Evercore ISI; PT USD 150
- QuickLogic (QUIK) initiated at Buy at Lake Street Capital Markets; PT USD 10
- StoneCo (STNE) initiated at Buy at BTIG; PT USD 22
- Terns Pharmaceuticals (TERN) initiated at Outperform at Leerink Partners; PT USD 58
- Americas Gold and Silver (USAS) initiated at Buy at TD Cowen
- TeraWulf (WULF) initiated at Overweight at Morgan Stanley; PT USD 37
- Zura Bio (ZURA) initiated at Outperform at Wedbush; PT USD 15
Context
Conversely, the downgrade of Li Auto (LI) by JPMorgan signals growing caution around its performance, which could weigh on sentiment and potentially affect sector valuations. The overall mixed ratings imply a selective approach for traders, focusing on sectors with a favorable outlook while being wary of downgrades that could trigger sell-offs in impacted stocks.
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