US BROKER MOVES: SPOT upgraded at Rosenblatt; BF.B downgraded at JPM
UPGRADES
- Centene (CNC) Upgraded to Overweight at Cantor; PT USD 60
- Crane Co. (CR) Upgraded to Buy at Stifel; PT USD 215
- Elevance (ELV) Upgraded to Buy at BofA; PT USD 435
- Franklin Resources (BEN) Upgraded to Equal-Weight at Barclays; PT USD 31
- MaxLinear (MXL) Upgraded to Buy at Loop Capital; PT USD 75
- NeoGenomics (NEO) Upgraded to Buy at Benchmark; PT USD 11
- NeoGenomics (NEO) Upgraded to Outperform at Leerink; PT USD 25
- Qiagen (QGEN) Upgraded to Outperform at Baird; PT USD 43
- Radian (RDN) Upgraded to Buy at BofA
- Spotify (SPOT) Upgraded to Buy at Rosenblatt Securities Inc; PT USD 500
- Spotify (SPOT) Upgraded to Buy at Inderes; PT USD 570
- T-Mobile (TMUS) Upgraded to Outperform at Oppenheimer; PT USD 260
- Tamboran Resources (TBN) Upgraded to Outperform at RBC; PT USD 55
- Zeta (ZETA) Upgraded to Overweight at KeyBanc
DOWNGRADES
- Boston Scientific (BSX) Downgraded to Neutral at Daiwa; PT USD 60
- Brown-Forman (BF/B) Downgraded to Underweight at JPMorgan; PT USD 23
- Clearwater Paper (CLW) Downgraded to Hold at TD Cowen; PT USD 17
- MercadoLibre (MELI) Downgraded to Neutral at UBS; PT USD 2,050
- Purple Innovation (PRPL) Downgraded to Sector Weight at KeyBanc
- Qualys (QLYS) Downgraded to Market Perform at William Blair
- Rapid7 (RPD) Downgraded to Market Perform at William Blair
- StoneCo (STNE) Downgraded to Neutral at Goldman; PT USD 14
- Sysco (SYY) Downgraded to Hold at Deutsche Bank; PT USD 84
- Tenable (TENB) Downgraded to Market Perform at William Blair
- Universal Health (UHS) Downgraded to Market Perform at Raymond James
INITIATIONS
- Aktis Oncology (AKTS) Initiated at New Outperform at William Blair
- Alibaba (BABA) ADRs Initiated at New Outperform at BNP Paribas; PT USD 209
- Corbus Pharmaceuticals (CRBP) Initiated at New Buy at Guggenheim; PT USD 45
- Hennessy Capital Investment Corp. VII (HVIIU) Initiated at New Buy at Benchmark
- Legence (LGN) Initiated at New Buy at Loop Capital
- Nvidia (NVDA) Initiated at New Outperform at Safra; PT USD 300
- PicS (PICS) Initiated at New Buy at Banco BTG Pactual; PT USD 20
Context
The recent analyst upgrades for Centene (CNC), Spotify (SPOT), and T-Mobile (TMUS) suggest positive sentiment in health care, tech, and telecom sectors, likely driven by strong outlooks. Conversely, the downgrades for Brown-Forman (BF.B) and Boston Scientific (BSX) indicate concerns about their near-term performance, which could weigh on their stock prices. Overall, these adjustments may lead to sector rotations, impacting related stocks and market sentiment.
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