US BROKER MOVES: TGT upgraded at Wolfe; NKE downgraded at Evercore ISI
Newsquawk Staff ·
UPGRADES
- Target (TGT) Upgraded from Peerperform to Outperform at Wolfe Research; PT USD 162
- Synopsys (SNPS) Upgraded from Neutral to Overweight at Piper Sandler; PT USD 550 (prev USD 450)
- IBM (IBM) Upgraded from Neutral to Overweight at JPMorgan; PT USD 291 (prev USD 270)
- CDW Corporation (CDW) Upgraded from Equalweight to Overweight at Morgan Stanley; PT USD 170 (prev USD 142)
DOWNGRADES
- Ross Stores (ROST) Downgraded from Overweight to Equal Weight at Wells Fargo; PT USD 245
- Primoris Services (PRIM) Downgraded from Overweight to Sector Weight at KeyBanc
- Nike (NKE) Downgraded from Outperform to In Line at Evercore ISI; PT USD 46 (prev USD 57)
- Inspire Medical Systems (INSP) Downgraded from Outperform to In Line at Evercore ISI; PT USD 40 (prev USD 55)
- Home Depot (HD) Downgraded from Outperform to Peerperform at Wolfe Research
- Five Below (FIVE) Downgraded from Outperform to Peerperform at Wolfe Research
- Darden Restaurants (DRI) Downgraded from Outperform to In Line at Evercore ISI; PT USD 230
- Apogee Therapeutics (APGE) Downgraded from Buy to Neutral at UBS; PT USD 135.11 (prev USD 100)
- Arcosa (ACA) Downgraded from Buy to Hold at Texas Capital Securities; PT USD 150 (prev USD 144)
INITIATIONS
- Talon Energy (TLN) Initiated Hold at Jefferies; PT USD 453
- Permian Resources (PR) Initiated Outperform at Evercore ISI; PT USD 25
- Nkarta (NKTX) Initiated Buy at TD Cowen
- Molina Healthcare (MOH) Initiated Sector Perform at RBC Capital; PT USD 216
- Lumber Liquidators / LP Building Solutions (LPX) Initiated Buy at Jefferies; PT USD 93
- GE HealthCare (GEHC) Initiated Outperform at RBC Capital; PT USD 80
- Campbell's (CPB) Initiated Market Perform at William Blair
- Centene (CNC) Initiated Sector Perform at RBC Capital; PT USD 70
- French Trade Minister has requested a tariff exemption covering cognac and champagne within the US
- Newsquawk Daily European Equity Opening News - 23rd October 2026
- Newsquawk Daily European Opening News - 23rd October 2026
- US President Trump posts "Senator Roger Marshall of Kansas has done an incredible job in representing his Great State! Because of him....Bombardier is investing 270 MILLION DOLLARS, creating THOUSANDS of American Jobs in Kansas, Texas, and Indiana"
- Newsquawk Daily Asia-Pac Opening News - 23rd October 2026
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