US BROKER MOVES: SCCO upgraded at Goldman Sachs; Citi downgrades ADSK, DOCU, SMWB, VEEV, seeing a lack of catalysts in next 12 months
Goldman Sachs upgraded Southern Copper (SCCO) to Neutral, which implies a more favorable outlook relative to the previous rating.
Newsquawk StaffPublished On the live feed at — 5 more headlines followed before this page went public
Newsquawk headlinesUTC
Port of Antwerp reopens to ship traffic, following oil spill
USTR's Greer thinks they are seeing manufacturing coming back to US as a result of policies; not every challenge with China resolved, via CNBC interview
US BROKER MOVES: SCCO upgraded at Goldman Sachs; Citi downgrades ADSK, DOCU, SMWB, VEEV, seeing a lack of catalysts in next 12 months
Anthropic agrees to rent computing power from CoreWeave (CRWV), Bloomberg reports; financial details of deal not disclosed; Anthropic will use CoreWeave to help power Claude AI models
Indian Foreign Exchange Reserves (Apr/03) 697.12
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
Free. No signup, no card.
UPGRADES
- KNOT Offshore (KNOP) Upgraded to Buy at Fearnley; PT USD 15
- MacroGenics (MGNX) Upgraded to Buy at B Riley; PT USD 9
- Madison Square Garden Sports (MSGS) US Upgraded to Buy at Seaport Global Securities; PT USD 430
- Meta (META) Upgraded to Strong Buy at CFRA
- Nexstar Media (NXST) Upgraded to Buy at Citi; PT USD 220
- Ryman Hospitality (RHP) Upgraded to Overweight at Morgan Stanley
- Shake Shack (SHAK) Upgraded to Outperform at Mizuho Securities; PT USD 120
- Southern Copper (SCCO) Upgraded to Neutral at Goldman; PT USD 178
DOWNGRADES
- Autodesk (ADSK) Downgraded to Neutral at Citi; PT USD 246
- Axalta (AXTA) Downgraded to Equal-Weight at Wells Fargo; PT USD 30
- CCC Intelligent Solutions (CCC) Downgraded to Neutral at Citi; PT USD 6
- Docusign (DOCU) Downgraded to Neutral at Citi; PT USD 50
- Nike (NKE) Downgraded to Neutral at Piper Sandler; PT USD 50
- Nutanix (NTNX) Downgraded to Neutral at JPMorgan; PT USD 44
- Roots Corp. (ROOT CN) Downgraded to Hold at TD Cowen; PT CUSD 4.25
- ServiceNow (NOW) Downgraded to Neutral at UBS; PT USD 100
- Sherwin-Williams (SHW) Downgraded to Equal-Weight at Wells Fargo; PT USD 365
- SimilarWeb (SMWB) Downgraded to Neutral at Citi; PT USD 3
- Simply Good Foods (SMPL) Downgraded to Equal-Weight at Stephens; PT USD 14
- Telus (T CN) Downgraded to Sector Perform at Scotiabank; PT CUSD 21.50
- Veeva (VEEV) Downgraded to Neutral at Citi; PT USD 176
INITIATIONS
- AbCellera Biologics (ABCL) Initiated at New Buy at Jones; PT USD 11
- Caris Life Sciences (CAI) Initiated at New Neutral at Piper Sandler; PT USD 21
- CBIZ (CBZ) Initiated at New Equal-Weight at Stephens; PT USD 31
- Definium Therapeutics In (DFTX) Initiated at New Overweight at Piper Sandler
- Grail (GRAL) Initiated at New Neutral at Mizuho Securities; PT USD 58
- Initiated at New Neutral at Piper Sandler; PT USD 54
- Infleqtion (INFQ) Initiated at New Buy at BTIG; PT USD 22
- Insmed (INSM) Initiated at New Outperform at Raymond James; PT USD 200
- Lyell Immunopharma (LYEL) Initiated at New Strong Buy at Needham; PT USD 44
- Macom (MTSI) Initiated at New Buy at Loop Capital
- Mechanics Bancorp (MCHB) Initiated at New Overweight at Cantor; PT USD 17
- Milestone Pharmaceuticals (MIST) Initiated at New Strong Buy at Raymond James
- Nakamoto (NAKA) Initiated at New Buy at TD Cowen; PT USD 1
- Praxis Precision (PRAX) Initiated at New Strong Buy at Raymond James; PT USD 815
- ProPetro (PUMP) Reinstated Neutral at Goldman; PT USD 15
- PTC Therapeutics (PTCT) Reinstated Outperform at Raymond James; PT USD 108
- Rapport Therapeutics (RAPP) Initiated at New Strong Buy at Raymond James
- Sharplink (SBET) Initiated at New Buy at TD Cowen
- Skillz (SKLZ) Initiated at New Overweight at Cantor
- Strive (ASST) Initiated at New Buy at TD Cowen; PT USD 26
- United Therapeutics (UTHR) Initiated at New Outperform at Raymond James
- UroGen Pharma (URGN) Reinstated Buy at Jefferies; PT USD 40
- Whitefiber (WYFI) Initiated at New Buy at BTIG; PT USD 20
Context
Conversely, several downgrades from Citi, particularly on Autodesk (ADSK) and Docusign (DOCU), suggest a cautious view on these stocks due to a perceived lack of catalysts in the upcoming year. Overall, these shifts indicate changing sentiment in key sectors, with potential implications for equity performance and sector rotations.
Related headlines
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 5 hours ago
- US Midterm Update: Latest Polymarket pricing puts Democratic sweep at 50%; Republican midterm 2-day convention to start tonight3 hours ago
- Newsqawk European Market Wrap - 9th September 20265 hours ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports7 hours ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent10 hours ago
- US President Trump says after the election, oil prices will tumble lower; gasoline price will take a bit longer1 hour ago
- US Senator Slotkin says "We hear rumors that Trump is planning to allow Chinese cars to be sold in the U.S., as part of a larger deal"3 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 3.02 HIGHER AT 96.05/BBL; BRENT (X6) SETTLES USD 3.29 HIGHER AT 101.21/BBL1 hour ago
- US President Trump says he thinks war with Iran will end immediately after the election1 hour ago
- Trump admin official says buyback increase of part of ongoing approach, reports Fox Business4 hours ago
- Primer: US to sell USD 39bln of 10-year notes at 18:00BST/13:00 EDT3 hours ago
- Salesforce (CRM) reportedly held talks to buy Listen Labs, an AI customer research platform, for USD 2bln, according to Business Insider38 min ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports7 hours ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture8 hours ago
- Newsquawk Daily US Earnings Estimates: 10th September 2026 - ADBE, ORCL3 hours ago
- [MARKET UPDATE]: Yields rise, supporting the Dollar, weighing on stocks and spot gold after US Treasury announces it will buy a maximum USD 6bln in 10-20yr liquidity support buyback op. on Thursday4 hours ago
- Analog Devices (ADI) and Alif Semiconductor today announced a definitive agreement under which ADI will acquire Alif in an all-cash transaction for USD 1.35bln7 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement10 hours ago
- US BROKER MOVES: TMO upgraded at UBS; VMC downgraded at Wells Fargo7 hours ago
- Meta (META) has acquired AI startup Stilla.ai to bolster its Meta Business Agent, which powers commerce across WhatsApp, Messenger, and Instagram, reports Axios3 hours ago
The whole workspace, free to try.
Try it free