US BROKER MOVES: STNG downgraded at BofA; Oppenheimer downgrades C, MS, GS, and BAC
Newsquawk Staff ·
UPGRADES
- Watts Water Technologies (WTS) Upgraded to Overweight at Barclays; PT USD 414 (prev USD 317)
- VersaBank (VBNK) Upgraded to Buy at Roth; PT USD 25 (prev USD 20)
- Texas Capital Bancshares (TCBI) Upgraded to Neutral at Citi; PT USD 105 (prev USD 96)
- Replimune Group (REPL) Upgraded to Outperform at BMO Capital; PT USD 16
- RB Global (RBA) Upgraded to Strong Buy at Raymond James; PT USD 145
- Qualys (QLYS) Upgraded to Neutral at JPMorgan; PT USD 139 (prev USD 87)
- Owens Corning (OC) Upgraded to Outperform at Evercore ISI; PT USD 188 (prev USD 139)
- Nutrien (NTR) Upgraded to Sector Outperform at Scotiabank; PT USD 80
- ICON plc (ICLR) Upgraded to Buy at Truist Securities; PT USD 207 (prev USD 159)
- Honeywell (HON) Upgraded to Outperform at Daiwa Securities; PT USD 255 (prev USD 240)
- Fortune Brands Innovations (FBIN) Upgraded to Buy at Truist Securities; PT USD 70
- Comcast (CMCSA) Upgraded to Buy at Rosenblatt; PT USD 31
- Comcast (CMCSA) Upgraded to Buy at Deutsche Bank; PT USD 32 (prev USD 34)
- CF Industries (CF) Upgraded to Sector Outperform at Scotiabank; PT USD 125 (prev USD 120)
DOWNGRADES
- The Trade Desk (TTD) Downgraded to Sell at Arete; PT USD 11.60
- Truist Financial (TFC) Downgraded to Neutral at Citi; PT USD 54 (prev USD 63)
- Bio-Techne (TECH) Downgraded to Hold at Benchmark
- Scorpio Tankers (STNG) Downgraded to Underperform at BofA Securities; PT USD 78 (prev USD 100)
- Olin (OLN) Downgraded to Underperform at BofA Securities; PT USD 21 (prev USD 32)
- Morgan Stanley (MS) Downgraded to Underperform at Oppenheimer
- Logitech (LOGI) Downgraded to Underperform at BofA Securities; PT USD 108 (prev USD 86)
- Goldman Sachs (GS) Downgraded to Underperform at Oppenheimer
- Globant (GLOB) Downgraded to Market Perform at William Blair
- Fortinet (FTNT) Downgraded to Reduce at HSBC; PT USD 102 (prev USD 98)
- Fox Factory Holding (FOXF) Downgraded to Underperform at BofA Securities; PT USD 20 (prev USD 24)
- Evolent Health (EVH) Downgraded to Hold at Truist Securities; PT USD 7
- Citigroup (C) Downgraded to Perform at Oppenheimer
- BankUnited (BKU) Downgraded to Sell at Citi; PT USD 45 (prev USD 50)
- Braskem (BAK) Downgraded to Neutral at JPMorgan
- Bank of America (BAC) Downgraded to Perform at Oppenheimer
- AAR Corp. (AIR) Downgraded to Sector Weight at KeyBanc
INITIATIONS
- Zurn Elkay Water Solutions (ZWS) Initiated Overweight at Barclays; PT USD 59
- Service Properties Trust (SVC) Initiated Buy at Ladenburg Thalmann; PT USD 2.25
- Mueller Water Products (MWA) Initiated Underweight at Barclays; PT USD 25
- Mid Penn Bancorp (MPB) Initiated Outperform at Raymond James; PT USD 38
- MKS Instruments (MKSI) Initiated Outperform at BMO Capital; PT USD 453
- First Community Bankshares (FCBC) Initiated Market Perform at Raymond James
- CenterPoint Energy (CNP) Initiated Neutral at BTIG
- American States Water (AWR) Initiated Hold at Freedom Broker; PT USD 77
- Aviat Networks (AVNW) Initiated Buy at Craig-Hallum; PT USD 36
- OpenAI trims valuation target to USD 1.25tln after previously pitching a higher price, according to FT
- OpenAI is raising up to USD 30bln in funding round at a USD 1.25tln valuation, led by UAE investors, according to CNBC, citing sources; OpenAI is negotiating a commercial deal that would secure more computing capacity from the UAE
- Bloom Energy (BE) Q3 2026 (USD): Adj. EPS 0.94 (exp. 0.69), Revenue 1.24bln (exp. 1.06bln)
- US EQUITY OPEN: Mag-7 earnings lead Tech and Indices lower as the Middle East situation remains fragile
- Newsquawk Daily US Equity Opening News - TSLA & META fall after earnings; TSLA & SPCX said to target H1 2027 merger
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