US BROKER MOVES: TRIP upgraded at BofA; AGX upgraded at JPM
UPGRADES
- Argan (AGX) Upgraded to Overweight at JPMorgan; PT USD 550
- Brown-Forman (BF/B) Upgraded to Neutral at Citi; PT USD 28
- Brown-Forman (BF/B) Upgraded to Neutral at JPMorgan; PT USD 27
- Knight-Swift (KNX) Upgraded to Outperform at Evercore ISI; PT USD 65
- PDD (PDD) ADRs Upgraded to Buy at Nomura
- Phathom Pharma (PHAT) Upgraded to Overweight at Barclays; PT USD 18
- Primo Brands (PRMB) Upgraded to Buy at Jefferies; PT USD 25
- Quanta Services (PWR) Upgraded to Outperform at BMO; PT USD 650
- SPX Technologies (SPXC) Upgraded to Buy at Truist Secs; PT USD 244
- Teleflex (TFX) Upgraded to Outperform at Raymond James; PT USD 128
- TripAdvisor (TRIP) Upgraded to Buy at BofA; PT USD 15
DOWNGRADES
- Masimo (MASI) Downgraded to Market Perform at Raymond James
- Terns (TERN) Downgraded to Market Perform at BMO; PT USD 53
- Upstream Bio (UPB) Downgraded to Inline at Evercore ISI; PT USD 15
INITIATIONS
- A2z Cust2Mate Solutions (AZ) Initiated at New Outperform at Northland
- Ametek (AME) Reinstated Outperform at BMO; PT USD 253
- Arcosa (ACA) Initiated at New Buy at Texas Capital; PT USD 125
- AtaiBeckley (ATAI) Initiated at New Buy at Deutsche Bank; PT USD 12
- Barclays (BCS) ADRs Initiated at New Outperform at BNP Paribas; PT USD 29.20
- BioAge Labs (BIOA) Initiated at New Buy at Needham; PT USD 50
- Dover (DOV) Reinstated Market Perform at BMO; PT USD 237
- Eaton Corp (ETN) Initiated at New Outperform at BMO; PT USD 428
- Emerson Electric (EMR) Initiated at New Market Perform at BMO; PT USD 150
- FuboTV (FUBO) Initiated at New Buy at B Riley; PT USD 18
- Honeywell (HON) Initiated at New Outperform at BMO; PT USD 273
- HSBC (HSBC) ADRs Initiated at New Outperform at BNP Paribas; PT USD 100.50
- Idex (IEX) Reinstated Market Perform at BMO; PT USD 214
- ITT Inc. (ITT) Initiated at New Outperform at BMO; PT USD 233
- Kyivstar Group (KYIV) Initiated at New Buy at Benchmark; PT USD 20
- NatWest (NWG) ADRs Initiated at New Neutral at BNP Paribas; PT USD 17.90
- NLight (LASR) Initiated at New Outperform at William Blair
- Parker-Hannifin (PH) Reinstated Outperform at BMO; PT USD 1,090
- Powell Industries (POWL) Initiated at New Buy at Texas Capital; PT USD 650
- Santander (SAN) ADRs Initiated at New Outperform at BNP Paribas; PT USD 15.10
- Sonida Senior Living (SNDA) Initiated at New Outperform at RBC; PT USD 39
- SPX Technologies (SPXC) Initiated at New Outperform at BMO; PT USD 243
- Thermo Fisher (TMO) Initiated at New Buy at DZ Bank; PT USD 610
Context
The upgrades for TripAdvisor (TRIP) and Argan (AGX) reflect growing bullish sentiment from analysts, with TRIP being upgraded to 'Buy' from BofA, indicating confidence in the company's recovery or growth prospects. Such moves can drive stock prices upward as they signal potential value and may influence market sentiment in the respective sectors. Focus on how these upgrades align with the broader market trends and consider any implications for related stocks in travel and infrastructure sectors.
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