US BROKER MOVES: VFC double upgraded at Williams Trading; AMAT downgraded at Morgan Stanley
The recent upgrades and downgrades from prominent brokers signal shifting sentiment in the market.
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US BROKER MOVES: VFC double upgraded at Williams Trading; AMAT downgraded at Morgan Stanley
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UPGRADES
- ADP (ADP) Upgraded to Equal-Weight at Wells Fargo; PT USD 214
- American Homes (AMH) Upgraded to Outperform at Raymond James; PT USD 35
- Ball (BALL) Upgraded to Overweight at JPMorgan; PT USD 60
- Circle Internet (CRCL) Upgraded to Buy at HC Wainwright; PT USD 150
- Crown Holdings (CCK) Upgraded to Overweight at JPMorgan; PT USD 107
- Deckers Outdoor (DECK) Upgraded to Neutral at Piper Sandler; PT USD 100
- Dorian LPG (LPG) Upgraded to Hold at DNB Carnegie
- Invitation Homes (INVH) Upgraded to Outperform at Raymond James; PT USD 32
- Lam Research (LRCX) Upgraded to Overweight at Morgan Stanley; PT USD 331
- VF Corp (VFC) Upgraded to Buy at Williams Trading; PT USD 19
- Viking Holdings (VIK) Upgraded to Overweight at Wells Fargo; PT USD 109
- Westlake Corp (WLK) Upgraded to Neutral at JPMorgan; PT USD 90
- Zscaler (ZS) Upgraded to Buy at B Riley; PT USD 225
DOWNGRADES
- Applied Materials (AMAT) Downgraded to Equal-Weight at Morgan Stanley
- CoreWeave (CRWV) Downgraded to Neutral at DA Davidson
- Inter&Co (INTR) Downgraded to Neutral at Citi; PT USD 6.50
- Intl Seaways (INSW) Downgraded to Hold at Pareto Securities; PT USD 88
- Nebius Group (NBIS) Downgraded to Neutral at DA Davidson
- Ouster (OUST) Downgraded to Neutral at President Capital Management; PT USD 35
- Outlook Therapeutics Inc (OTLK) Downgraded to Neutral at BTIG
- Regeneron (REGN) Downgraded to Market Perform at Leerink; PT USD 641
- Regeneron (REGN) Downgraded to Neutral at Citi; PT USD 700
- Salesforce (CRM) Downgraded to Underperform at BofA; PT USD 160
INITIATIONS
- ARM Holdings (ARM) ADRs Initiated at New Outperform at Bernstein; PT USD 300
- BNY (BK) Initiated at New Buy at William O'Neil
- Burlington Stores (BURL) Initiated at New Hold at Truist Secs; PT USD 305
- Elmet Group (ELMT) Initiated at New Overweight at Cantor; PT USD 20
- Elmet Group (ELMT) Initiated at New Buy at Canaccord; PT USD 20
- Elmet Group (ELMT) Initiated at New Buy at Roth Capital Partners; PT USD 21
- Korro Bio, Inc. (KRRO) Initiated at New Buy at Citi; PT USD 21
- Mobileye (MBLY) Initiated at New Underperform at Jefferies; PT USD 8
- National Healthcare Properties (HLTC) NHP US Initiated at New Overweight at Wells Fargo; PT USD 16
- National Healthcare Properties (HLTC) NHP US Initiated at New Outperform at Baird
- National Healthcare Properties (HLTC) NHP US Initiated at New Market Perform at BMO
- National Healthcare Properties (HLTC) NHP US Initiated at New Buy at Goldman; PT USD 20
- Picard Medical (PMI) Initiated at New Neutral at HC Wainwright
- Precision Optics/Mass (POCI) Initiated at New Buy at Lucid Capital Markets
- Presidio Production (FTW) Initiated at New Outperform at William Blair
- Q32 Bio Inc (QTTB) Initiated at New Overweight at Cantor
- Ross Stores (ROST) Initiated at New Buy at Truist Secs; PT USD 270
- TJX (TJX) Initiated at New Buy at Truist Secs; PT USD 175
- Yesway (YSWY) Initiated at New Outperform at Raymond James; PT USD 30
- Yesway (YSWY) Initiated at New Overweight at Barclays; PT USD 31
- Yesway (YSWY) Initiated at New Buy at Guggenheim; PT USD 30
- Yesway (YSWY) Initiated at New Neutral at JPMorgan; PT USD 29
- Yesway (YSWY) Initiated at New Outperform at BMO; PT USD 30
- Yesway (YSWY) Initiated at New Neutral at Goldman; PT USD 28
- Yesway (YSWY) Initiated at New Overweight at KeyBanc; PT USD 31
- Yesway (YSWY) Initiated at New Equal-Weight at Morgan Stanley; PT USD 28
Context
VF Corp receiving a double upgrade at Williams Trading indicates strong potential in the apparel sector, while Applied Materials being downgraded at Morgan Stanley suggests caution in semiconductor stocks, which could lead to re-evaluation in these sectors. Traders should consider the implications on sector performance, as these calls can influence broader market dynamics, especially in consumer discretionary and technology-related equities.
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