US BROKER MOVES: PLTR upgraded at Mizuho; WDAY downgraded at Citizens
Palantir's upgrade to Outperform at Mizuho reflects increased confidence in its growth trajectory, which could bolster investor sentiment and support a higher valuation.
Liberty Global (LBTYA) to purchase Vodafone's (VOD LN) stake in Vodafoneziggo for EUR 1bln, Bloomberg reports
Iranian Foreign Minister Araghchi while expressing gratitude for IAEA Chief Grossi’s participation in the Geneva talks, emphasized Iran’s focus on developing an initial and coherent framework to advance future discussions
US BROKER MOVES: PLTR upgraded at Mizuho; WDAY downgraded at Citizens
German Chancellor Spokesperson says Germany could propose a German for ECB chief
Summary of Mag-7 13F’s: AMZN raised, and cut, at a couple; NVDA raised at Point72 & Third Point; META new buy at Pershing, while Lone Pine exits
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UPGRADES
- ZIM Integrated Shipping (ZIM) upgraded from Neutral to Buy at Fearnley; PT USD 35
- Stubhub (STUB) upgraded from Sell to Neutral at Citi; PT USD 9
- Rush Street (RSI) upgraded from Neutral to Market Outperform at Citizens; PT USD 24
- Palantir (PLTR) upgraded from Neutral to Outperform at Mizuho Securities; PT USD 195
- Medpace Holdings (MEDP) upgraded from Sell to Hold at TD Cowen; PT USD 419
- Itron (ITRI) upgraded from Neutral to Outperform at Baird; PT USD 128
- Icon (ICLR) upgraded from Neutral to Buy at TD Cowen; PT USD 120
- Cadence Design (CDNS) upgraded from Neutral to Buy at Rosenblatt Securities Inc
- BioAge Labs (BIOA) upgraded from Neutral to Buy at Jefferies; PT USD 62
DOWNGRADES
- Workday (WDAY) downgraded from Outperform to Market Perform at Citizens
- Toro (TTC) downgraded from Outperform to Market Perform at Raymond James
- SimilarWeb (SMWB) downgraded from Outperform to Market Perform at Northland; PT USD 5
- Masimo (MASI) downgraded from Buy to Neutral at BTIG
- LuxExperience (LUXE) ADRs downgraded from Overweight to Neutral at JPMorgan
- Knife River Corp (KNF) downgraded from Equalweight to Underweight at Wells Fargo; PT USD 81
- Ihs Holding (IHS) downgraded from Buy to Hold at TD Cowen; PT USD 8.50
- Genuine Parts (GPC) downgraded from Buy to Hold at Truist Secs; PT USD 127
- General Mills (GIS) downgraded from Buy to Hold at CFRA
- Gemini Space Station (GEMI) downgraded from Buy to Neutral at Cantor; PT USD 8
- Crocs (CROX) downgraded from Hold to Sell at Williams Trading; PT USD 84
- CNH Industrial (CNH) downgraded from Neutral to Underperform at Mediobanca SpA; PT USD 10.50
- AtriCure (ATRC) downgraded from Outperform to Market Perform at Oppenheimer
INITIATIONS
- Nebius Group (NBIS) initiated at Buy at Compass Point
- Modine (MOD) initiated at Buy at Roth Capital Partners; PT USD 263
- Mirum Pharma (MIRM) initiated at Outperform at RBC; PT USD 130
- Kratos (KTOS) initiated at Neutral at UBS; PT USD 79
- Evolution Metals & Technologies (EMAT) initiated at Buy at Clear Street
- CSW Industrials (CSW) initiated at Outperform at Baird; PT USD 378
- Costco (COST) reinstated at Buy at William O'Neil
- Bristow Group (VTOL) initiated at Outperform at Raymond James; PT USD 60
- AeroVironment (AVAV) initiated at Neutral at UBS; PT USD 259
Conversely, Workday's downgrade to Market Perform signals potential headwinds for the company, possibly impacting its stock price and outlook amidst weaker demand dynamics. Overall, these moves suggest a mixed sentiment in the software sector, with individual stock performance likely reacting to these shifts in analyst sentiment.
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