US BROKER MOVES: QCOM sees multiple upgrades after earnings, META downgraded at JPM
UPGRADES
- AbbVie (ABBV) Upgraded to Buy at BofA
- Acadia Realty (AKR) Upgraded to Buy at Ladenburg Thalmann; PT USD 24
- Blackbaud (BLKB) Upgraded to Outperform at Baird; PT USD 50
- Costamare (CMRE) Upgraded to Buy at Fearnley; PT USD 21
- Danaos (DAC) Upgraded to Buy at Fearnley; PT USD 174
- Equinix (EQIX) Upgraded to Strong Buy at Raymond James; PT USD 1,250
- Everus Construction Group (ECG) Upgraded to Buy at Guggenheim; PT USD 160
- Global Ship Lease (GSL) Upgraded to Buy at Fearnley; PT USD 51
- Hertz (HTZ) Upgraded to Neutral at Northcoast
- Lennox (LII) Upgraded to Buy at Vertical Research; PT USD 600
- Qualcomm (QCOM) Upgraded to Buy at Fubon; PT USD 195
- Qualcomm (QCOM) Upgraded to Buy at Summit Insights
- SiteOne Landscape (SITE) Upgraded to Buy at Deutsche Bank; PT USD 160
- Teradyne (TER) Upgraded to Overweight at JPMorgan; PT USD 400
- Xometry (XMTR) Upgraded to Overweight at Cantor; PT USD 62
DOWNGRADES
- Appian (APPN) Downgraded to Equal-Weight at Morgan Stanley; PT USD 25
- Constellium SE (CSTM) Downgraded to Neutral at JPMorgan; PT USD 34
- Expand Energy (EXE) Downgraded to Market Perform at William Blair
- GE Healthcare (GEHC) Downgraded to Neutral at Goldman; PT USD 65
- Kaiser Aluminum (KALU) Downgraded to Underweight at JPMorgan; PT USD 142
- KalVista (KALV) Downgraded to Neutral at Jones; PT USD 27
- KalVista (KALV) Downgraded to Market Perform at Leerink; PT USD 27
- Meta (META) Downgraded to Neutral at JPMorgan; PT USD 725
- MVB Financial (MVBF) Downgraded to Market Perform at Raymond James
- Oneok (OKE) Downgraded to Sector Perform at Scotiabank; PT USD 89
- Wingstop (WING) Downgraded to Neutral at Goldman; PT USD 190
- XOMA Royalty (XOMA) Downgraded to Neutral at HC Wainwright; PT USD 39
INITIATIONS
- AeroVironment (AVAV) Initiated at New Buy at Clear Street; PT USD 293
- Constellation Energy (CEG) US Initiated at New Buy at President Capital Management; PT USD 352
- Kosmos Energy (KOS) Initiated at New Buy at Pareto Securities; PT USD 3.60
- Kratos (KTOS) Initiated at New Buy at Clear Street; PT USD 82
- Mistras Group (MG) Initiated at New Buy at Roth Capital Partners; PT USD 22
- Palantir (PLTR) Initiated at New Outperform at Oppenheimer; PT USD 200
- Red Cat (RCAT) Initiated at New Buy at Clear Street; PT USD 22
- SharonAI (SHAZ) Initiated at New Buy at Unified Capital; PT USD 78.60
- Sutro Biopharma (STRO) Initiated at New Outperform at Mizuho Securities
Context
The multiple upgrades for Qualcomm (QCOM) following earnings indicate strong market confidence in its performance and future outlook, likely contributing to upward pressure on its stock price. In contrast, Meta's downgrade at JPMorgan suggests a more cautious stance on its growth prospects, which could weigh negatively on its shares and investor sentiment. Keep an eye on sector trends as these ratings could influence broader market movements in the tech and media spaces.
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