US BROKER MOVES: URBN upgraded at Goldman Sachs; HUBS downgraded at Wells Fargo
Goldman Sachs upgrading Urban Outfitters (URBN) to Buy signifies strong confidence in the company’s growth potential, especially given the raised price target.
Newsquawk StaffPublished On the live feed at — 6 more headlines followed before this page went public
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Goldman Sachs (GS) announces proposed public offering of series AA preferred depositary shares; intends to redeem all outstanding series U 3.65% preferred stock if offering closes
Alibaba (BABA) says Qwen 3.8 is getting better by the day; latest version is now live, with broad gains and a big step up on web front end
US BROKER MOVES: URBN upgraded at Goldman Sachs; HUBS downgraded at Wells Fargo
US PRE-MARKET MOVERS: AMD, BA, DPZ, IREN, USB, URBN
Yemeni Houthi spokesperson announces a ban on maritime navigation for Saudi-linked vessels, citing the blockade and saying the group is fully prepared to enforce the measure
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UPGRADES
- Akari Therapeutics (AKTX) Upgraded to Buy at Maxim Group; PT USD 30
- FRVO (FRVO) Upgraded to Buy at Jefferies; PT USD 34 (prev USD 41)
- Global Payments (GPN) Upgraded to Overweight at Morgan Stanley; PT USD 100 (prev USD 65)
- Harley-Davidson (HOG) Upgraded to Buy at Loop Capital
- Lumentum (LITE) Upgraded to Overweight at Barclays; PT USD 1,000
- Nebius Group (NBIS) Upgraded to Buy at Freedom Capital; PT USD 200 (prev USD 159)
- Netflix (NFLX) Upgraded to Buy at Phillip Securities; PT USD 110
- Urban Outfitters (URBN) Upgraded to Buy at Goldman Sachs; PT USD 93 (prev USD 76)
- U.S. Bancorp (USB) Upgraded to Outperform at Evercore ISI; PT USD 72 (prev USD 65)
- U.S. Bancorp (USB) Upgraded to Neutral at JPMorgan; PT USD 67.50 (prev USD 65)
- YETI Holdings (YETI) Upgraded to Buy at Goldman Sachs; PT USD 63 (prev USD 46)
DOWNGRADES
- Allegro MicroSystems (ALGM) Downgraded to Equalweight at Barclays; PT USD 48
- atai Life Sciences (ATAI) Downgraded to Hold at Berenberg
- atai Life Sciences (ATAI) Downgraded to Neutral at H.C. Wainwright; PT USD 7.50
- Birkenstock (BIRK) Downgraded to Neutral at Seaport Global Securities
- Charles River Laboratories (CRL) Downgraded to Hold at CLSA; PT USD 219
- Fidus Investment (FDUS) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 19.50
- F.N.B. Corporation (FNB) Downgraded to Neutral at BofA Securities; PT USD 19 (prev USD 20)
- HubSpot (HUBS) Downgraded to Equal Weight at Wells Fargo; PT USD 225 (prev USD 300)
- Monster Beverage (MNST) Downgraded to Hold at Deutsche Bank; PT USD 98 (prev USD 94)
- Pengu (PENG) Downgraded to Underweight at Barclays; PT USD 40
- Charles Schwab (SCHW) Downgraded to Market Perform at BMO Capital; PT USD 105
- StoneX Group (SNEX) Downgraded to Hold at Jefferies; PT USD 112 (prev USD 123)
- Truist Financial (TFC) Downgraded to Underweight at JPMorgan; PT USD 53 (prev USD 53.50)
INITIATIONS
- Adobe (ADBE) Initiated Outperform at CLSA; PT USD 300
- AerCap Holdings (AER) Initiated Buy at Citi; PT USD 173
- AN2 Therapeutics (ANTX) Initiated Buy at Guggenheim; PT USD 9
- Apollo Global Management (APO) Initiated Buy at HSBC; PT USD 145
- Apollo Global Management (APO) Initiated Market Perform at Keefe, Bruyette & Woods; PT USD 130
- Ares Management (ARES) Initiated Market Perform at Keefe, Bruyette & Woods; PT USD 122
- Broadway Financial (BWAY) Initiated Buy at BTIG; PT USD 18
- Crane (CR) Initiated Outperform at BMO Capital; PT USD 253
- Salesforce (CRM) Initiated Hold at CLSA; PT USD 165
- DPC (DPC) Initiated Buy at Rothschild Redburn; PT USD 53.50
- DPC (DPC) Initiated Buy at Jefferies; PT USD 56
- DPC (DPC) Initiated Equalweight at Morgan Stanley; PT USD 47
- DPC (DPC) Initiated Outperform at RBC Capital; PT USD 53
- Microsoft (MSFT) Initiated Outperform at CLSA; PT USD 535
- NN (NNBR) Initiated Buy at Craig-Hallum; PT USD 7
- ServiceNow (NOW) Initiated Underperform at CLSA; PT USD 72
- Enpro (NPO) Initiated Overweight at JPMorgan; PT USD 420
- Oracle (ORCL) Initiated Hold at CLSA; PT USD 145
- Ralliant (RAL) Initiated Market Perform at BMO Capital; PT USD 78
- ReNetX Bio (RNTX) Initiated Buy at Maxim Group; PT USD 4
- Regal Rexnord (RRX) Initiated Buy at Deutsche Bank; PT USD 286
- Shell (SHEL) Initiated Neutral at Mizuho; PT USD 98
- Soluna Holdings (SLNH) Initiated Buy at H.C. Wainwright; PT USD 4
- SOPHiA GENETICS (SOPH) Initiated Buy at H.C. Wainwright; PT USD 12
- Sportradar (SRAD) Initiated Buy at Freedom Capital; PT USD 20
- Neuronetics (STIM) Initiated Buy at BTIG; PT USD 5
- Starkey (STTK) Initiated Outperform at Leerink; PT USD 16
- TotalEnergies (TTE) Initiated Outperform at Mizuho; PT USD 103
- TTRX (TTRX) Initiated Buy at Ladenburg Thalmann; PT USD 26
- Vangent (VGNT) Initiated Buy at Goldman Sachs; PT USD 48
- Workday (WDAY) Initiated Underperform at CLSA; PT USD 92
Context
Conversely, HubSpot (HUBS) being downgraded to Equal Weight by Wells Fargo indicates concerns over its outlook relative to current valuation, which could lead to softened investor sentiment in the tech sector. Traders should watch for sector performance impacts and overall market reactions to these rating changes.
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