US BROKER MOVES: WFC and BAC upgraded at HSBC; NKE downgraded at JPM, GS, and BofA after Q3 earnings report
Wells Fargo (WFC) and Bank of America (BAC) received upgrades from HSBC, suggesting confidence in their future performance, which may positively impact investor sentiment and capital flows into these stocks.
Newsquawk StaffPublished On the live feed at — 8 more headlines followed before this page went public
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Senior leaders and cabinet members of Yemen’s Houthi rebel movement have largely disappeared from public view and sharply curtailed phone communications, according to WSJ citing sources
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US BROKER MOVES: WFC and BAC upgraded at HSBC; NKE downgraded at JPM, GS, and BofA after Q3 earnings report
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France's junior army minister says NATO is a military alliance that concerns the security of Euro-Atlantic area, not to carry out operations in Strait of Hormuz that doesn't respect international law
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UPGRADES
- Asana (ASAN) Upgraded to Sector Perform at RBC; PT USD 7
- Bank of America (BAC) Upgraded to Buy at HSBC; PT USD 55
- Disney (DIS) Upgraded to Outperform at Raymond James; PT USD 115
- nCino (NCNO) Upgraded to Overweight at Piper Sandler; PT USD 22
- PJT Partners (PJT) Upgraded to Buy at Goldman
- UnitedHealth (UNH) Upgraded to Outperform at Raymond James; PT USD 330
- Wells Fargo (WFC) Upgraded to Buy at HSBC; PT USD 94
DOWNGRADES
- Apellis Pharma (APLS) Downgraded to Neutral at HC Wainwright
- Apellis Pharma (APLS) Downgraded to Market Perform at Raymond James
- Apellis Pharma (APLS) Downgraded to Neutral at JPMorgan; PT USD 41
- Apellis Pharma (APLS) Downgraded to Neutral at Cantor
- Apellis Pharma (APLS) Downgraded to Hold at Stifel; PT USD 41
- Apellis Pharma (APLS) Downgraded to Neutral at Citi; PT USD 41
- Centessa Pharmaceuticals (CNTA) ADRs Downgraded to Market Perform at Leerink
- First Citizens (FCNCA) Downgraded to Neutral at JPMorgan; PT USD 2,200
- Nike (NKE) Downgraded to Neutral at Goldman; PT USD 52
- Nike (NKE) Downgraded to Neutral at JPMorgan; PT USD 52
- Phreesia (PHR) Downgraded to Market Perform at Citizens
- PPG Industries (PPG) Downgraded to Neutral at Citi; PT USD 113
INITIATIONS
- Amcor (AMCR) Initiated at New Buy at Deutsche Bank; PT USD 50
- Americold Realty Trust (COLD) Initiated at New Neutral at Piper Sandler
- Arista Networks (ANET) Initiated at New Positive at Susquehanna; PT USD 160
- ATI Inc. (ATI) Initiated at New Overweight at Wells Fargo; PT USD 175
- Avery Dennison (AVY) Initiated at New Buy at Deutsche Bank; PT USD 200
- Baidu (BIDU) ADRs Initiated at New Outperform at BNP Paribas; PT USD 161
- Ball (BALL) Initiated at New Buy at Deutsche Bank; PT USD 72
- Boeing (BA) Initiated at New Overweight at Wells Fargo; PT USD 250
- Booz Allen (BAH) Reinstated Equal-Weight at Wells Fargo; PT USD 85
- BWX Technologies (BWXT) Reinstated Underweight at Wells Fargo; PT USD 200
- CACI (CACI) Reinstated Overweight at Wells Fargo; PT USD 725
- Caris Life Sciences (CAI) Initiated at New Buy at Goldman; PT USD 27
- Carpenter Tech (CRS) Initiated at New Equal-Weight at Wells Fargo; PT USD 400
- CrowdStrike (CRWD) Initiated at New Buy at Benchmark
- Crown Holdings (CCK) Initiated at New Buy at Deutsche Bank; PT USD 124
- Datadog (DDOG) Initiated at New Buy at Benchmark
- Entrada Therapeutics (TRDA) Initiated at New Overweight at Cantor
- General Dynamics (GD) Reinstated Overweight at Wells Fargo; PT USD 400
- General Electric Aerospace (GE) Reinstated Overweight at Wells Fargo
- Graphic Packaging (GPK) Initiated at New Hold at Deutsche Bank; PT USD 9.60
- Greenfire Resources (GFR) Initiated at New Outperform at National Bank
- Heico (HEI) Reinstated Equal-Weight at Wells Fargo; PT USD 290
- Hexcel (HXL) Reinstated Overweight at Wells Fargo; PT USD 95
- Howmet Aerospace (HWM) Reinstated Equal-Weight at Wells Fargo; PT USD 240
- Huntington Ingalls (HII) Reinstated Equal-Weight at Wells Fargo
- International Paper (IP) Initiated at New Hold at Deutsche Bank; PT USD 38
- Leidos (LDOS) Reinstated Equal-Weight at Wells Fargo; PT USD 165
- LeMaitre Vascular (LMAT) Initiated at New Hold at Freedom Capital; PT USD 113
- Lockheed (LMT) Reinstated Equal-Weight at Wells Fargo; PT USD 650
- Marex Group (MRX) Reinstated Buy at William O'Neil
- Marten Transport (MRTN) Initiated at New Outperform at Baird; PT USD 18
- Microsoft (MSFT) Initiated at New Buy at Benchmark
- Mobileye (MBLY) Initiated at New Buy at Berenberg; PT USD 9.30
- Northrop Grumman (NOC) Reinstated Overweight at Wells Fargo; PT USD 800
- Packaging Corp (PKG) Initiated at New Hold at Deutsche Bank; PT USD 225
- Palantir (PLTR) Initiated at New Hold at Benchmark
- Palo Alto Networks (PANW) Initiated at New Buy at Benchmark
- Pelthos Therapeutics (PTHS) Initiated at New Overweight at Cantor; PT USD 50
- Pony AI (PONY) ADRs Initiated at New Buy at HSBC; PT USD 16.60
- Rocket Lab (RKLB) Reinstated Equal-Weight at Wells Fargo; PT USD 60
- RTX Corp (RTX) Reinstated Equal-Weight at Wells Fargo; PT USD 200
- Sanmina (SANM) Initiated at New Neutral at Susquehanna; PT USD 135
- Sensient (SXT) Initiated at New Buy at UBS; PT USD 115
- ServiceNow (NOW) Initiated at New Buy at Benchmark
- Silgan (SLGN) Initiated at New Buy at Deutsche Bank; PT USD 52
- Snowflake (SNOW) Initiated at New Buy at Benchmark
- Sonoco (SON) Initiated at New Buy at Deutsche Bank; PT USD 63
- StandardAero (SARO) Initiated at New Overweight at Wells Fargo; PT USD 32
- Textron (TXT) Reinstated Equal-Weight at Wells Fargo; PT USD 92
- TransDigm (TDG) Reinstated Equal-Weight at Wells Fargo; PT USD 1,200
- Voyager Technologies (VOYG) Initiated at New Buy at TD Cowen; PT USD 35
- Voyager Technologies (VOYG) Initiated at New Underweight at Wells Fargo
- WeRide (WRD) ADRs Initiated at New Buy at HSBC; PT USD 11.40
- Woodward (WWD) Reinstated Overweight at Wells Fargo; PT USD 440
Context
Conversely, Nike (NKE) was downgraded by multiple firms following its Q3 earnings, indicating concerns about growth prospects that could pressure its share price and lead to broader implications for the retail sector.
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