US BROKER MOVES: RTX upgraded at Jefferies; AVGO downgraded at Macquarie
Newsquawk StaffPublished On the live feed at — 11 more headlines followed before this page went public
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Russian Deputy PM Novak says he met with Saudi Energy Minister, and the two agreed that there is uncertainty regarding oil demand; says oil market estimates should be drastically revised
The UK and France have finalised operational planning for a mine-clearing mission in the Strait of Hormuz, via Bloomberg
US BROKER MOVES: RTX upgraded at Jefferies; AVGO downgraded at Macquarie
Hezbollah leader Qassem says despite all the difficulties facing the Iranian revolution, Iran has advanced at all levels and supported the liberation movements, Al Mayadeen reports; As long as Israel is in Lebanon, resistance will continue
LillyDirect (LLY) customers can now connect to Weight Watchers (WW) Med+ program, an integrated GLP-1 access and care model, driving greater weight loss results than medication alone
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UPGRADES
- Erasca (ERAS) Upgraded from Underperform to Neutral at BofA Securities; PT USD 16.00 (prev. USD 9.00)
- Essent Group (ESNT) Upgraded from Market Perform to Outperform at Keefe, Bruyette & Woods; PT USD 73.00
- Karat Packaging (KRT) Upgraded from Market Perform to Outperform at William Blair
- Murphy Oil (MUR) Upgraded from Sector Weight to Overweight at KeyBanc; PT USD 48.00
- Oscar Health (OSCR) Upgraded from Underweight to Equal Weight at Wells Fargo; PT USD 20.00 (prev. USD 11.00)
- RTX (RTX) Upgraded from Hold to Buy at Jefferies; PT USD 220.00 (prev. USD 210.00)
- UnitedHealth (UNH) Upgraded from Neutral to Buy at BofA Securities; PT USD 450.00 (prev. USD 420.00)
- Venture Global (VG) Upgraded from Neutral to Overweight at JPMorgan; PT USD 17.00 (prev. USD 16.00)
- Expro Group (XPRO) Upgraded from Neutral to Buy at Goldman Sachs; PT USD 19.00
DOWNGRADES
- ADC Therapeutics (ADCT) Downgraded from Outperform to Sector Perform at RBC Capital; PT USD 2.00 (prev. USD 6.00)
- Broadcom (AVGO) Downgraded from Outperform to Neutral at Macquarie; PT USD 437.00 (prev. USD 513.00)
- Commercial Metals (CMC) Downgraded from Overweight to Equal Weight at Wells Fargo; PT USD 77.00
- CMS Energy (CMS) Downgraded from Buy to Hold at Jefferies; PT USD 74.00 (prev. USD 88.00)
- EHang (EH) Downgraded from Buy to Neutral at UBS; PT USD 11.10 (prev. USD 21.00)
- Ollie’s Bargain Outlet (OLLI) Downgraded from Buy to Accumulate at Gordon Haskett; PT USD 90.00 (prev. USD 100.00)
- PVH (PVH) Downgraded from Outperform to In Line at Evercore ISI; PT USD 79.00 (prev. USD 95.00)
INITIATIONS
- Absci Corporation (ABSI) Initiated with Outperform at Leerink, PT USD 12/shr
- Axalta Coating Systems (AXTA) Initiated with Buy at Citi, PT USD 44/shr
- CoStar Group (CSGP) Initiated with Buy at Benchmark, PT USD 45/shr
- FDXF (FDXF) Initiated with Outperform at Evercore ISI, PT USD 168/shr
- FDXF (FDXF) Initiated with Outperform at Wolfe Research, PT USD 180/shr
- IRD (IRD) Initiated with Buy at Guggenheim, PT USD 16/shr
- Pulse Biosciences (PLSE) Initiated with Buy at Canaccord, PT USD 32/shr
- RADX (RADX) Initiated with Buy at H.C. Wainwright, PT USD 16/shr
- Sera Prognostics (SERA) Initiated with Buy at Craig-Hallum, PT USD 6/shr
- Sintx Technologies (SINT) Initiated with Buy at Maxim Group, PT USD 6/shr
- TMC the metals company (TMC) Initiated with Buy at Maxim Group, PT USD 10/shr
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