US BROKER MOVES: VG double upgraded at Morgan Stanley; MDB upgraded at Mizuho
UPGRADES
- AeroVironment (AVAV) Upgraded to Market Perform at Raymond James
- APA Corp (APA) Upgraded to Equal-Weight at Barclays; PT USD 35
- Celldex (CLDX) Upgraded to Outperform at Wolfe; PT USD 44
- Cheniere Energy (LNG) Upgraded to Overweight at Morgan Stanley; PT USD 313
- Colony Bankcorp (CBAN) Upgraded to Buy at Janney Montgomery; PT USD 23.50
- MongoDB (MDB) Upgraded to Outperform at Mizuho Securities; PT USD 325
- MoonLake Immunotherapeutics (MLTX) Upgraded to Outperform at Wolfe
- Valvoline (VVV) Upgraded to Buy at Stifel; PT USD 42
- Venture Global (VG) Upgraded to Overweight at Morgan Stanley; PT USD 22
DOWNGRADES
- Crown Castle (CCI) Downgraded to Equal-Weight at Wells Fargo; PT USD 85
- Gossamer Bio (GOSS) Downgraded to Neutral at Cantor
- Mereo Biopharma (MREO) ADRs Downgraded to Neutral at JPMorgan
- PG&E (PCG) Downgraded to Hold at Jefferies; PT USD 19
- Super Micro Computer (SMCI) Downgraded to Market Perform at Northland
- Super Micro Computer (SMCI) Downgraded to Hold at Argus
- Xpeng (XPEV) ADRs Downgraded to Neutral at Macquarie; PT USD 19
- Zimmer Biomet (ZBH) Downgraded to Neutral at BTIG
INITIATIONS
- Odysight.ai (ODYS) Initiated at New Buy at Benchmark; PT USD 10
- Red Rock Resorts (RRR) Initiated at New Buy at Benchmark; PT USD 67
- Terawulf (WULF) Initiated at New Buy at Arete; PT USD 30
Context
Morgan Stanley's double upgrade of Venture Global (VG) to Overweight and Mizuho's upgrade of MongoDB (MDB) to Outperform indicate bullish sentiment in their respective sectors. These changes could signal a shift in market dynamics, potentially attracting more investor interest, and may have positive spillover effects for peers in energy and technology.
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