US BROKER MOVES: RBLX upgraded at TD Cowen despite earnings selloff; PSKY double upgraded at Morgan Stanley
UPGRADES
- Air Products (APD) Upgraded to Outperform at BMO; PT USD 360
- Caterpillar (CAT) Upgraded to Equal-Weight at Morgan Stanley; PT USD 915
- CNH Industrial (CNH) Upgraded to Outperform at Mediobanca SpA; PT USD 13
- Hershey (HSY) Upgraded to Buy at TD Cowen; PT USD 210
- Paramount (PSKY) Upgraded to Overweight at Morgan Stanley
- Pilgrim's Pride (PPC) Upgraded to Overweight at Barclays; PT USD 42
- Roblox (RBLX) Upgraded to Hold at TD Cowen
- Textron (TXT) Upgraded to Buy at TD Cowen; PT USD 115
- TKO (TKO) Upgraded to Overweight at Morgan Stanley
- Willis Towers (WTW) Upgraded to Outperform at BMO; PT USD 300
DOWNGRADES
- Avis Budget (CAR) Downgraded to Hold at Jefferies; PT USD 160
- Beacon Financial (BBT) Downgraded to Market Perform at Raymond James
- Check Point Software (CHKP) Downgraded to Neutral at Piper Sandler
- Elf Beauty (ELF) Downgraded to Equal-Weight at Morgan Stanley; PT USD 67
- First Interstate Banc (FIBK) Downgraded to Market Perform at KBW; PT USD 37
- KalVista (KALV) Downgraded to Neutral at HC Wainwright
- MGM Resorts (MGM) Downgraded to Hold at Jefferies; PT USD 44
- Roblox (RBLX) Downgraded to Market Perform at Raymond James
- Ryan Specialty (RYAN) Downgraded to Equal-Weight at Wells Fargo; PT USD 31
- Starbucks (SBUX) Downgraded to Hold at Punto Casa de Bolsa; PT USD 110
- Sunbelt Rentals (SUNB) Downgraded to Underweight at JPMorgan; PT USD 75
- Truist Financial (TFC) Downgraded to Neutral at Baird; PT USD 55
INITIATIONS
- Alpha & Omega Semi (AOSL) Initiated at New Strong Buy at Needham; PT USD 50
- Apogee Therapeutics (APGE) Initiated at New Buy at Rothschild & Co Redburn
- Arista Networks (ANET) Reinstated Buy at William O'Neil
- Arrowhead Pharma (ARWR) Initiated at New Overweight at JPMorgan; PT USD 88
- Artivion (AORT) Initiated at New Buy at Freedom Capital; PT USD 45
- Astera Labs (ALAB) Initiated at New Neutral at Rothschild & Co Redburn
- Ciena (CIEN) Initiated at New Neutral at Rothschild & Co Redburn; PT USD 416
- Coherent Corp (COHR) Initiated at New Buy at Rothschild & Co Redburn; PT USD 455
- Credo Technology (CRDO) Initiated at New Buy at Rothschild & Co Redburn
- Dutch Bros (BROS) Initiated at New Outperform at Oppenheimer; PT USD 72
- Evommune (EVMN) Initiated at New Buy at Stifel; PT USD 54
- Littelfuse (LFUS) Initiated at New Buy at Needham; PT USD 450
- Lumentum (LITE) Initiated at New Buy at Rothschild & Co Redburn; PT USD 1,270
- Lyell Immunopharma (LYEL) Initiated at New Outperform at Baird; PT USD 49
- Rubrik (RBRK) Initiated at New Outperform at Wolfe; PT USD 70
- Septerna (SEPN) Initiated at New Buy at Stifel; PT USD 43
- Suncrete (RMIX) Initiated at New Buy at Jefferies; PT USD 19
Context
This set of broker updates reveals significant movements as several companies have been upgraded, notably Roblox and Paramount, which could attract investor interest. Conversely, downgrades for firms such as Starbucks and MGM suggest caution among analysts, potentially signaling shifts in sentiment within their sectors. The mixed ratings landscape may lead to volatility as market participants reassess positions based on these opinions.
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