US BROKER MOVES: VST upgraded at Jefferies; GTM downgraded at Citizens
The recent upgrades and downgrades from several brokerages highlight shifting sentiment in the market.
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US BROKER MOVES: VST upgraded at Jefferies; GTM downgraded at Citizens
BP (BP/ LN) CFO says they want to reduce refining cash breakeven point by USD 3/bbl by 2027 and get to USD 1.5bln of extra cash flow - presentation
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UPGRADES
- Fluence Energy (FLNC) upgraded to Buy at Jefferies
- Haivision Systems (HAI) upgraded to Buy at Canaccord Genuity; PT CAD 12
- Palantir (PLTR) upgraded to Buy at Daiwa; PT USD 180
- Shopify (SHOP) upgraded to Buy at MoffettNathanson; PT CAD 203.57
- SiriusXM (SIRI) upgraded to Neutral at JPMorgan; PT USD 24
- Snap (SNAP) upgraded to Buy at Arete; PT USD 7.30
- Swedish Orphan Biovitrum ADR (SOBI) upgraded to Outperform at BNP Paribas; PT USD 27
- Thomson Reuters (TRI) upgraded to Outperform at RBC; PT CAD 170.82
- Vistra Corp. (VST) upgraded to Buy at Jefferies; PT USD 203
DOWNGRADES
- Allied Gold (AAUC) downgraded to Hold at Stifel; PT CAD 44
- E.ON ADR (EOAN) downgraded to Hold at Berenberg; PT USD 21.40
- Estée Lauder (EL) downgraded to Hold at HSBC; PT USD 106
- Frontier Group (ULCC) downgraded to Hold at Deutsche Bank; PT USD 6
- Glacier Bancorp (GBCI) downgraded to Neutral at Janney; PT USD 55
- Kyndryl Holdings (KD) downgraded to Neutral at Guggenheim
- Linde (LIN) downgraded to Hold at DZ Bank; PT USD 460
- Monday.com (MNDY) downgraded to Hold at Loop Capital; PT USD 80
- Qualcomm (QCOM) downgraded to Underweight at Morgan Stanley; PT USD 132
- Texas Roadhouse (TXRH) downgraded to Hold at Truist; PT USD 188
- Transocean (RIG) downgraded to Hold at Fearnley; PT USD 5.30
- Under Armour (UAA) downgraded to Sell at Citi; PT USD 6.20
- Wingstop (WING) downgraded to Outperform at Rajah & Co.; PT USD 325
- Wingstop (WING) downgraded to Hold at TD Cowen; PT USD 285
- ZoomInfo (GTM) downgraded to Market Underperform at Citizens; PT USD 6
INITIATIONS
- CEVA Inc. (CEVA) initiated at Buy at Stifel; PT USD 30
- Microbot Medical (MBOT) initiated at Buy at B. Riley; PT USD 5
- MillerKnoll (MLKN) initiated at Outperform at William Blair
- Orion Group (ORN) initiated at Buy at Roth Capital Partners; PT USD 17
- Remitly (RELY) initiated at Buy at BofA Securities; PT USD 18
- Somnigroup (SGI) initiated at Equal Weight at Stephens; PT USD 89
- Tyra Biosciences (TYRA) initiated at Outperform at William Blair
- Waters Corp. (WAT) initiated at Buy at Citi; PT USD 425
- Waters Corp. (WAT) initiated at Overweight at Barclays; PT USD 400
Context
Upgrades for companies like Vistra Corp (VST) suggest positive outlooks which might attract investor interest, while downgrades, particularly for Qualcomm (QCOM) and ZoomInfo (GTM), may indicate concerns about growth or competitive pressures. This could lead to volatility in stock prices, affecting broader market sentiment and sector performance.
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