US BROKER MOVES: TMUS upgraded at Daiwa; HUN downgraded at JPM
Newsquawk Staff ·
UPGRADES
- ZIM Integrated Shipping (ZIM) upgraded from Sell to Neutral at Citi; PT USD 31.80
- T-Mobile (TMUS) upgraded from Neutral to Outperform at Daiwa; PT USD 240
- Symbotic (SYM) upgraded from Neutral to Overweight at KeyBanc; PT USD 70
- QuantumScape (QS) upgraded from Sell to Hold at HSBC; PT USD 8.30
- Nicolet Bankshares (NIC) upgraded from Neutral to Overweight at Piper Sandler
- Neptune Insurance (NP) upgraded from Neutral to Outperform at KBW; PT USD 25
- LeonaBio Inc (LONA) upgraded from Neutral to Outperform at Mizuho Securities
- Garmin (GRMN) upgraded from Underweight to Equal-Weight at Morgan Stanley; PT USD 252
- Dentsply (XRAY) upgraded from Neutral to Buy at BofA; PT USD 17
- Cineverse Corp (CNVS) upgraded from Neutral to Buy at Benchmark; PT USD 12
- Chewy (CHWY) upgraded from Neutral to Outperform at Raymond James; PT USD 28
DOWNGRADES
- SimilarWeb (SMWB) downgraded from Buy to Hold at Needham
- RF Industries (RFIL) downgraded from Buy to Neutral at B Riley; PT USD 10.25
- Polestar (PSNY) ADRs downgraded from Neutral to Underweight at Cantor
- Mister Car Wash (MCW) downgraded from Buy to Neutral at Mizuho Securities; PT USD 7
- Huntsman (HUN) downgraded from Overweight to Neutral at JPMorgan; PT USD 14
- HF Sinclair (DINO) downgraded from Outperform to Sector Perform at Scotiabank; PT USD 53
- Fiverr (FVRR) downgraded from Overweight to Neutral at JPMorgan; PT USD 15
- Cheesecake Factory (CAKE) downgraded from Overweight to Equal-Weight at Stephens; PT USD 65
INITIATIONS
- Tempus AI (TEM) initiated at Outperform at Mizuho Securities; PT USD 100
- Surrozen (SRZN) initiated at Overweight at Cantor; PT USD 40
- Rhythm Pharma (RYTM) initiated at Outperform at RBC; PT USD 145
- Perspective Therapeutics (CATX) initiated at Overweight at Piper Sandler
- Lear (LEA) initiated at Buy at Benchmark; PT USD 170
- Kiniksa Pharmaceuticals (KNSA) initiated at Buy at Canaccord; PT USD 62
- Grail (GRAL) initiated at Hold at TD Cowen; PT USD 114
- Fossil (FOSL) initiated at Outperform at Northland; PT USD 7
- Credo Technology (CRDO) initiated at Buy at Goldman; PT USD 165
- BioHarvest Sciences Inc (BHST) initiated at Buy at Roth Capital Partners
- Axogen (AXGN) initiated at Overweight at Wells Fargo; PT USD 40
What it means
Daiwa's upgrade of T-Mobile (TMUS) from Neutral to Outperform signals increased confidence in the stock's potential, with a target price set at $240, suggesting strong future growth prospects. Conversely, Huntsman's downgrade by JPMorgan from Overweight to Neutral could indicate potential headwinds for the company, which may affect market perception and share performance in the near term, particularly in a volatile economic environment.
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
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