US BROKER MOVES: SBUX upgraded at TD Cowen; P downgraded at Citi
UPGRADES
- AN2 Therapeutics (ANTX) Upgraded to Outperform at Leerink; PT USD 9
- Cheesecake Factory (CAKE) Upgraded to Neutral at JPMorgan; PT USD 68
- Commercial Metals (CMC) Upgraded to Buy at UBS; PT USD 89
- Compass Minerals (CMP) Upgraded to Neutral at JPMorgan; PT USD 30
- Illumina (ILMN) Upgraded to Outperform at Daiwa; PT USD 155
- SM Energy (SM) Upgraded to Buy at SWS; PT USD 41
- Starbucks (SBUX) Upgraded to Buy at TD Cowen; PT USD 120
- Whirlpool (WHR) Upgraded to Buy at CFRA
DOWNGRADES
- Amphastar (AMPH) Downgraded to Equal-Weight at Wells Fargo; PT USD 19
- Autohome (ATHM) ADRs Downgraded to Hold at HSBC; PT USD 17.30
- Camden Property (CPT) Downgraded to Sector Underperform at Scotiabank; PT USD 95
- Doximity (DOCS) Downgraded to Neutral at BTIG
- Doximity (DOCS) Downgraded to Neutral at Baird; PT USD 18
- Doximity (DOCS) Downgraded to Equal-Weight at Wells Fargo; PT USD 18
- Doximity (DOCS) Downgraded to Hold at Jefferies; PT USD 19
- Doximity (DOCS) Downgraded to Sector Weight at KeyBanc
- Everpure (P) Downgraded to Neutral at Citi; PT USD 90
- FLEX LNG (FLNG) Downgraded to Reduce at Kepler Cheuvreux; PT USD 25
- JBS (JBS) Downgraded to Neutral at JPMorgan; PT USD 18.50
- Mid-America (MAA) Downgraded to Sector Underperform at Scotiabank; PT USD 120
- Prestige Consumer Health (PBH) Downgraded to Market Perform at Oppenheimer
- Solv Energy (MWH) Downgraded to Neutral at UBS; PT USD 50
- Tango Therapeutics (TNGX) Downgraded to Hold at Jefferies; PT USD 27
- Whirlpool (WHR) Downgraded to Neutral at Goldman; PT USD 53
- Wix.com (WIX) Downgraded to Neutral at Citi; PT USD 66
- Wix.com (WIX) Downgraded to Sector Perform at RBC; PT USD 60
INITIATIONS
- Academy Sports & Outdoors (ASO) Initiated at New Overweight at Stephens
- AST SpaceMobile (ASTS) Initiated at New Neutral at New Street Research; PT USD 80
- Brightstar Lottery (BRSL) Reinstated Neutral at BNP Paribas; PT USD 12.60
- Cipher Digital (CIFR) Initiated at New Buy at Jefferies; PT USD 32
- DraftKings (DKNG) Reinstated Underperform at BNP Paribas; PT USD 20
- Flutter (FLUT) Reinstated Underperform at BNP Paribas; PT USD 80
- Iridium Communications (IRDM) Initiated at New Neutral at New Street Research
- Kalaris Therapeutics Inc (KLRS) Initiated at New Outperform at Wedbush; PT USD 17
- MapLight Therapeutics (MPLT) Initiated at New Outperform at LifeSci Capital
- Planet Labs (PL) Initiated at New Sell at New Street Research; PT USD 28
- Riot Platforms (RIOT) Initiated at New Hold at Jefferies; PT USD 24
- Rocket Lab (RKLB) Initiated at New Buy at New Street Research
- Suncrete (RMIX) Initiated at New Buy at Roth Capital Partners; PT USD 21
- Terawulf (WULF) Initiated at New Buy at Jefferies; PT USD 28
- Viasat (VSAT) Initiated at New Buy at New Street Research
Context
Starbucks' upgrade to "Buy" by TD Cowen signals increased confidence in the company's growth outlook, which could lead to upward price momentum as investor sentiment shifts positively. In contrast, Doximity's multiple downgrades, particularly to "Neutral" at various firms, might reflect weakening fundamentals, suggesting a cautious approach to that stock and raising concerns about its near-term performance. Overall, these moves could reshape sector dynamics and investor strategies, with Starbucks becoming a favored play while Doximity drags on sector performance.
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