US BROKER MOVES: TFII upgraded at BofA; TROX downgraded at Truist
The upgrades and downgrades reflect shifting sentiment in sectors including transportation and materials.
[MARKET UPDATE] Brent (M6) slips around USD 2/bbl, DXY falls 0.15 after UAE says it will quit OPEC and OPEC+, Crude move pares entirely, DXY retains losses
UAE announces it will quit OPEC and OPEC+, as of the 1st of May. To bring additional production to the market, in a "gradual and measured manner, aligned with demand and market conditions"
US BROKER MOVES: TFII upgraded at BofA; TROX downgraded at Truist
Bloomberg's Blas posts "Something big seems to be cooking in the Middle East: Multiple Emirate commentators are softening the ground for a major diplomatic announcement."
US ADP Employment Change Weekly 39.25K (prev. +40.3K); notes that after strengthening trend, hiring was downwardly revised in the first week of April
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.
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
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.
Related headlines
- Newsqawk European Market Wrap - 9th September 20262 hours ago
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 2 hours ago
- US Midterm Update: Latest Polymarket pricing puts Democratic sweep at 50%; Republican midterm 2-day convention to start tonight22 min ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal7 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 reports3 hours ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent7 hours ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened7 hours ago
- Trump admin official says buyback increase of part of ongoing approach, reports Fox Business45 min ago
- US BROKER MOVES: TMO upgraded at UBS; VMC downgraded at Wells Fargo3 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 1.35bln4 hours ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes9 hours ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture4 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 Thursday1 hour ago
- [MARKET UPDATE] Brent front-month crosses back above USD 100/bbl for the first time since July 24th; newsflow light but geopolitical tensions remain high following the recent US-Iran retaliatory strikes9 hours ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports4 hours ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest8 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement7 hours ago
- European Equity pre-Market Summary - 9th September 2026: European bourses are indicative of a slightly softer open; Inditex reports poor results10 hours ago
- US Quarterly Services Survey (Q2 2026): +3% to USD 6,418.7bln2 hours ago
- JPMorgan’s (JPM) Jamie Dimon to meet with UK Chancellor as bank taxes loom4 hours ago
The whole workspace, free to try.
Try it free