US BROKER MOVES: TFII upgraded at BofA; TROX downgraded at Truist
UPGRADES
- TFI International (TFII) Raised to Buy at BOFA Securities; PT USD 161 (prev. USD 122)
DOWNGRADES
- Tronox (TROX) Downgraded to Hold at Truist Securities; PT USD 8 (prev. USD 9)
- Organon (OGN) Downgraded to Neutral at BNP Paribas Exane
- Nucor (NUE) Downgraded to Neutral at UBS; PT USD 224 (prev. USD 190)
- Compass Therapeutics (CMPX) Downgraded to Market Perform at Raymond James
INITIATIONS
- Ultrapar Participações (UGP) Initiated at New Buy at UBS; PT USD 7
- Traxion (TRAX) Initiated at New Buy at H.C. Wainwright; PT USD 30
- Opendoor Technologies (OPEN) Initiated at New Buy at Alliance Global Partners; PT USD 8
- Micron Technology (MU) Initiated at New Buy at DA Davidson; PT USD 1,000
- McKesson (MCK) Initiated at New Outperform at William Blair
- Lineage Cell Therapeutics (LCTX) Initiated at New Buy at Canaccord; PT USD 9
- Invitation Homes (INVH) Initiated at New Neutral at Compass Point
- Immatics (IMTX) Initiated at New Buy at TD Cowen
- Fortis (FTS) Initiated at New Overweight at Barclays; PT USD 62
- Emera (EMA) Initiated at New Equalweight at Barclays; PT USD 53
- Corebridge Financial (COR) Initiated at New Market Perform at William Blair
- Cardinal Health (CAH) Initiated at New Outperform at William Blair
- Barings BDC (BBDC) Initiated at New Neutral at Lucid Capital Markets; PT USD 9.25
- American Homes 4 Rent (AMH) Initiated at New Buy at Compass Point
- American Battery Technology (ABAT) Initiated at New Buy at Maxim Group; PT USD 6
Context
The upgrades and downgrades reflect shifting sentiment in sectors including transportation and materials. TFI International's move to "Buy" at BofA strengthens its outlook, potentially driving increased investor interest, whereas Tronox's downgrade from Truist suggests concerns over future performance, which could pressure its stock price. Keep an eye on how these changes might influence sector dynamics and overall market sentiment.
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