US BROKER MOVES: WING upgraded at Piper Sandler; RTX upgraded at Melius
UPGRADES
- Brinker (EAT) Upgraded to Overweight at KeyBanc; PT USD 177
- Chagee Holdings (CHA) ADRs Upgraded to Overweight at JPMorgan; PT USD 16
- Construction Partners (ROAD) Upgraded to Buy at B Riley; PT USD 135
- FB Financial (FBK) Upgraded to Overweight at Piper Sandler; PT USD 65
- Hope Bancorp (HOPE) Upgraded to Buy at Janney Montgomery; PT USD 14
- Kimbell Royalty Partners (KRP) Upgraded to Overweight at KeyBanc; PT USD 17
- Martin Marietta (MLM) Upgraded to Buy at B Riley; PT USD 700
- RTX Corp (RTX) Upgraded to Buy at Melius
- Tilray Brands (TLRY) Upgraded to Buy at Roth Capital Partners; PT USD 10
- Wingstop (WING) Upgraded to Overweight at Piper Sandler
DOWNGRADES
- Akamai (AKAM) Downgraded to Neutral at Baird; PT USD 110
- Apellis Pharma (APLS) Downgraded to Neutral at Roth Capital Partners; PT USD 41
- BCE (BCE CN) Downgraded to Hold at TD Cowen; PT CUSD 37
- Dine Brands (DIN) Downgraded to Sector Weight at KeyBanc
- Expand Energy (EXE) Downgraded to Sector Weight at KeyBanc
- Gen Restaurant Group (GENK) Downgraded to Hold at Benchmark
- Wix.com (WIX) Downgraded to Neutral at UBS; PT USD 96
INITIATIONS
- Altisource Portfolio (ASPS) Reinstated Buy at B Riley; PT USD 8
- CareTrust REIT (CTRE) Reinstated Outperform at Mizuho Securities
- Cerence (CRNC) Initiated at New Overweight at Cantor; PT USD 11
- Elf Beauty (ELF) Initiated at New Inline at Evercore ISI; PT USD 68
- Finance Of America (FOA) Initiated at New Buy at B Riley; PT USD 22.50
- Freeport (FCX) Reinstated Buy at Goldman; PT USD 70
- IREN Ltd (IREN) Initiated at New Hold at Freedom Capital; PT USD 36
- Nutanix (NTNX) Initiated at New Buy at Rosenblatt Securities Inc; PT USD 60
- Remitly (RELY) Initiated at New Buy at Freedom Capital; PT USD 20
- SAB Biotherapeutics (SABS) Initiated at New Buy at Rodman & Renshaw; PT USD 13
- StandardAero (SARO) Initiated at New Buy at BTIG; PT USD 35
- Tango Therapeutics (TNGX) Initiated at New Buy at Canaccord; PT USD 30
- Toyo (TOYO) Initiated at New Buy at Roth Capital Partners; PT USD 15
Context
The upgrades for Wingstop and RTX reflect positive sentiment in their respective sectors, indicating robust growth potential or improved fundamentals as recognized by analysts. This shift could lead to increased investor interest and potential stock price movements, particularly given that analyst recommendations can heavily influence market behavior and investor confidence.
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