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US BROKER MOVES: QCOM upgraded at Daiwa; NKE downgraded at Wells Fargo

Qualcomm (QCOM) has been upgraded by Daiwa to an "Outperform" rating, signaling stronger confidence in its future performance and a potential price target of USD 225.

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US BROKER MOVES: QCOM upgraded at Daiwa; NKE downgraded at Wells Fargo

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UPGRADES

  • Aptiv (APTV) Upgraded to Overweight at Morgan Stanley; PT USD 71
  • Atara Bio (ATRA) Upgraded to Buy at Canaccord; PT USD 13
  • Bentley Systems (BSY) Upgraded to Overweight at Piper Sandler; PT USD 45
  • Datadog (DDOG) Upgraded to Market Outperform at Citizens; PT USD 225
  • Devon (DVN) Upgraded to Buy at Jefferies; PT USD 62
  • Fastly (FSLY) Upgraded to Outperform at Raymond James; PT USD 23
  • Fluence Energy (FLNC) Upgraded to Buy at Roth Capital Partners; PT USD 26
  • Insight Enterprises (NSIT) Upgraded to Outperform at Raymond James
  • Installed Building (IBP) Upgraded to Sector Perform at RBC; PT USD 228
  • McDonald's (MCD) Upgraded to Buy at CFRA
  • PTC Therapeutics (PTCT) Upgraded to Buy at TD Cowen; PT USD 90
  • Qualcomm (QCOM) Upgraded to Outperform at Daiwa; PT USD 225
  • Shake Shack (SHAK) Upgraded to Buy at Stifel; PT USD 85
  • Six Flags (FUN) Upgraded to Neutral at JPMorgan; PT USD 26
  • Tapestry (TPR) Upgraded to Buy at UBS; PT USD 187
  • Teleflex (TFX) Upgraded to Outperform at RBC; PT USD 155
  • United Parks & Resorts (PRKS) Upgraded to Outperform at Mizuho Securities
  • Victoria's Secret (VSCO) Upgraded to Overweight at Wells Fargo; PT USD 57
  • Western Midstream Partners (WES) Upgraded to Buy at Stifel; PT USD 46

DOWNGRADES

  • Assured Guaranty (AGO) Downgraded to Neutral at Roth Capital Partners; PT USD 80
  • Carlyle Group (CG) Downgraded to Sell at CFRA; PT USD 45
  • Carlyle Group (CG) Downgraded to Hold at TD Cowen; PT USD 53
  • Cars.com (CARS) Downgraded to Neutral at B Riley; PT USD 13
  • Cross Country Health (CCRN) Downgraded to Hold at Benchmark
  • Deckers Outdoor (DECK) Downgraded to Underweight at Wells Fargo; PT USD 90
  • EnGene Therapeutics (ENGN) Downgraded to Neutral at Piper Sandler; PT USD 4
  • EnGene Therapeutics (ENGN) Downgraded to Market Perform at Citizens
  • EnGene Therapeutics (ENGN) Downgraded to Market Perform at Oppenheimer
  • EnGene Therapeutics (ENGN) Downgraded to Equal-Weight at Wells Fargo; PT USD 2
  • EnGene Therapeutics (ENGN) Downgraded to Equal-Weight at Morgan Stanley
  • EnGene Therapeutics (ENGN) Downgraded to Neutral at Guggenheim
  • Entrada Therapeutics (TRDA) Downgraded to Neutral at HC Wainwright
  • EPAM Systems (EPAM) Downgraded to Neutral at Goldman; PT USD 110
  • HubSpot (HUBS) Downgraded to Underperform at BofA
  • HubSpot (HUBS) Downgraded to Market Perform at William Blair
  • HubSpot (HUBS) Downgraded to Neutral at Cantor; PT USD 200
  • KalVista (KALV) Downgraded to Hold at Stifel
  • Nike (NKE) Downgraded to Equal-Weight at Wells Fargo; PT USD 45
  • Organogenesis Holdings (ORGO) Downgraded to Neutral at BTIG
  • PennyMac Mortgage (PMT) Downgraded to Market Perform at KBW; PT USD 12
  • Planet Fitness (PLNT) Downgraded to Hold at TD Cowen; PT USD 50
  • Planet Fitness (PLNT) Downgraded to Neutral at KGI Securities; PT USD 50.50
  • Planet Fitness (PLNT) Downgraded to Equal-Weight at Morgan Stanley; PT USD 47
  • Qualcomm (QCOM) Downgraded to Hold at DZ Bank; PT USD 195
  • Robinhood (HOOD) Downgraded to Hold at First Shanghai; PT USD 82.86
  • RXO (RXO) Downgraded to Equal-Weight at Morgan Stanley
  • Trade Desk (TTD) Downgraded to Sector Weight at KeyBanc
  • Trade Desk (TTD) Downgraded to Market Perform at Oppenheimer
  • Trade Desk (TTD) Downgraded to Market Perform at William Blair
  • Tronox (TROX) Downgraded to Hold at Fermium Research; PT USD 9
  • Upwork (UPWK) Downgraded to Hold at Canaccord; PT USD 10
  • Upwork (UPWK) Downgraded to Neutral at UBS; PT USD 10
  • Upwork (UPWK) Downgraded to Market Perform at Citizens
  • Vital Farms (VITL) Downgraded to Market Perform at Telsey; PT USD 11
  • Vital Farms (VITL) Downgraded to Hold at Stifel; PT USD 10

INITIATIONS

  • AirJoule Technologies (AIRJ) Initiated at New Buy at Seaport Global Securities
  • Applied Materials (AMAT) Reinstated Buy at HSBC; PT USD 517
  • Ernexa Therapeutics Inc (ERNA) Initiated at New Buy at Brookline Capital
  • Knight Therapeutics (GUD CN) Reinstated Buy at Canaccord; PT CUSD 9.50
  • Mastercard (MA) Initiated at New Buy at NYKREDIT; PT USD 580
  • Satellogic (SATL) Initiated at New Buy at Roth Capital Partners; PT USD 10
Context

In contrast, Nike (NKE) has been downgraded to "Equal-Weight" at Wells Fargo, indicating a more cautious outlook compared to previous expectations. The contrasting actions on these stocks suggest differing sentiments in the semiconductor and apparel sectors, which could influence sector positioning and investor sentiment accordingly.

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