US BROKER MOVES: RGTI upgraded at B. Riley; H downgraded at Evercore ISI
Today's upgrades and downgrades from various analysts indicate a selective bullish stance on several stocks, including Rigetti Computing and Vertex Pharmaceuticals, both receiving positive ratings that could signal expected price appreciation.
Newsquawk StaffPublished On the live feed at — 5 more headlines followed before this page went public
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US BROKER MOVES: RGTI upgraded at B. Riley; H downgraded at Evercore ISI
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UPGRADES
- Callaway Golf Co (CALY) Upgraded to Buy at B Riley; PT USD 19
- Capri Holdings (CPRI) Upgraded to Buy at TD Cowen; PT USD 32
- Capstone Copper (CS CN) Upgraded to Buy at Clarksons; PT CUSD 18
- Cencora (COR) Upgraded to Buy at Jefferies; PT USD 440
- Datadog (DDOG) Upgraded to Buy at Stifel; PT USD 160
- Elanco Animal Health (ELAN) Upgraded to Overweight at Piper Sandler
- Enhabit (EHAB) Upgraded to Outperform at Oppenheimer; PT USD 14
- Microchip (MCHP) Upgraded to Outperform at BNP Paribas; PT USD 90
- Old National (ONB) Upgraded to Buy at TD Cowen; PT USD 30
- ON Semi (ON) Upgraded to Neutral at BNP Paribas; PT USD 62
- Rigetti Computing (RGTI) Upgraded to Buy at B Riley; PT USD 35
- Simmons First (SFNC) Upgraded to Outperform at Raymond James; PT USD 23
- SmartFinancial (SMBK) Upgraded to Outperform at Hovde Group; PT USD 48
- Sphere Entertainment (SPHR) Upgraded to Buy at BTIG; PT USD 110
- Spotify (SPOT) Upgraded to Accumulate at Inderes; PT USD 590
- Tempest Therapeutics Inc (TPST) Upgraded to Buy at HC Wainwright; PT USD 11
- Texas Instruments (TXN) Upgraded to Neutral at BNP Paribas; PT USD 190
- Umicore (UMI BB) ADRs Upgraded to Buy at Berenberg; PT USD 6.88
- Vertex Pharmaceuticals (VRTX) Upgraded to Outperform at RBC; PT USD 546
DOWNGRADES
- Acadia Health (ACHC) Downgraded to Hold at Jefferies; PT USD 15
- AGNC Investment (AGNC) Downgraded to Neutral at Jones
- Amicus (FOLD) Downgraded to Hold at Jefferies; PT USD 14.50
- Apogee Therapeutics (APGE) Downgraded to Sector Perform at RBC; PT USD 83
- Chemed (CHE) Downgraded to Hold at Jefferies; PT USD 475
- Crocs (CROX) Downgraded to Sector Weight at KeyBanc
- GoodRx Holdings (GDRX) Downgraded to Hold at Jefferies; PT USD 2.75
- Hyatt (H) Downgraded to Inline at Evercore ISI; PT USD 175
- LCI Industries (LCII) Downgraded to Hold at Loop Capital; PT USD 149
- Legend Biotech (LEGN) ADRs Downgraded to Hold at TD Cowen; PT USD 21
- Qiagen (QGEN) Downgraded to Hold at Deutsche Bank; PT USD 54
- Zoetis (ZTS) Downgraded to Neutral at Piper Sandler; PT USD 135
INITIATIONS
- Bentley Systems (BSY) Initiated at New Outperform at BMO; PT USD 48
- CareTrust REIT (CTRE) Reinstated Market Outperform at Citizens; PT USD 44
- Cognizant (CTSH) Initiated at New Buy at Berenberg; PT USD 107
- Costco (COST) Reinstated Add at CTBC Securities; PT USD 1,050
- Dycom Industries (DY) Initiated at New Buy at Guggenheim; PT USD 510
- Everus Construction Group (ECG) Initiated at New Neutral at Guggenheim
- Evommune (EVMN) Initiated at New Outperform at Oppenheimer; PT USD 42
- Genius Sports (GENI) Initiated at New Hold at Stifel; PT USD 10
- Great Lakes Dredge (GLDD) Initiated at New Overweight at JPMorgan; PT USD 20
- Karman Holdings (KRMN) Initiated at New Neutral at Piper Sandler; PT USD 98
- Kratos (KTOS) Initiated at New Neutral at Piper Sandler; PT USD 99
- MGP Ingredients (MGPI) Initiated at New Buy at Benchmark; PT USD 35
- Micron (MU) Initiated at New Outperform at William Blair
- Orion Group (ORN) Initiated at New Overweight at JPMorgan; PT USD 16
- Palantir (PLTR) Initiated at New Buy at Phillip Secs; PT USD 208
- Rambus (RMBS) Initiated at New Outperform at William Blair
- Silicon Motion (SIMO) ADRs Initiated at New Outperform at William Blair
- Sportradar (SRAD) Initiated at New Buy at Stifel; PT USD 28
Context
Meanwhile, the downgrades of companies like Hyatt and Zoetis suggest a more cautious outlook, which could result in downward pressure on their respective stocks. Traders should consider how these changes align with overarching market trends and sentiment, particularly in sectors like technology and healthcare where volatility is common.
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