US BROKER MOVES: ZM upgraded at Wolfe; QCOM downgraded at BofA
The latest analyst rating updates show ZM upgraded to Outperform at Wolfe, suggesting a positive sentiment towards its growth prospects, potentially reinforcing confidence in technology stocks.
Newsquawk StaffPublished On the live feed at — 14 more headlines followed before this page went public
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US BROKER MOVES: ZM upgraded at Wolfe; QCOM downgraded at BofA
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UPGRADES
- Adient (ADNT) Upgraded to Buy at Deutsche Bank; PT USD 33
- Celanese (CE) Upgraded to Buy at Jefferies; PT USD 86
- DigitalOcean (DOCN) Upgraded to Overweight at Cantor; PT USD 68
- FuboTV (FUBO) Upgraded to Buy at Seaport Global Securities; PT USD 3
- Jack Henry (JKHY) Upgraded to Overweight at Stephens; PT USD 205
- Jack Henry (JKHY) Upgraded to Outperform at Baird; PT USD 205
- Snap (SNAP) Upgraded to Buy at B Riley; PT USD 10
- Uber (UBER) Upgraded to Market Outperform at Citizens; PT USD 100
- Varonis Systems (VRNS) Upgraded to Buy at DA Davidson; PT USD 30
- Zegna Group (ZGN) Upgraded to Buy at UBS; PT USD 11.50
- Zoom Communications (ZM) Upgraded to Outperform at Wolfe; PT USD 115
DOWNGRADES
- Americold Realty Trust (COLD) Downgraded to Underperform at BofA; PT USD 13
- Cabot Corp (CBT) Downgraded to Neutral at Mizuho Securities; PT USD 75
- Corteva (CTVA) Downgraded to Neutral at JPMorgan
- Emerson Electric (EMR) Downgraded to Hold at Deutsche Bank
- First Interstate Banc (FIBK) Downgraded to Equal-Weight at Stephens
- Fox Corp (FOXA) Downgraded to Equal-Weight at Wells Fargo; PT USD 75
- Kemper (KMPR) Downgraded to Market Perform at Citizens
- KKR Real Estate Finance (KREF) Downgraded to Neutral at BTIG
- Microsoft (MSFT) Downgraded to Hold at Stifel; PT USD 392
- Old Dominion (ODFL) Downgraded to Underperform at Baird; PT USD 204
- Public Storage (PSA) Downgraded to Equal-Weight at Wells Fargo; PT USD 295
- Qualcomm (QCOM) Downgraded to Neutral at BofA; PT USD 155
- Six Flags (FUN) Downgraded to Neutral at Citi; PT USD 20
- Smartstop Self Storage REIT (SMA) Downgraded to Equal-Weight at Wells Fargo
- Steven Madden (SHOO) Downgraded to Underperform at Jefferies; PT USD 30
- TechnipFMC (FTI) Downgraded to Neutral at Oddo BHF
- TransDigm (TDG) Downgraded to Sector Weight at KeyBanc
- Webster Financial (WBS) Downgraded to Neutral at UBS; PT USD 75
- Webster Financial (WBS) Downgraded to Equal-Weight at Barclays; PT USD 75
INITIATIONS
- Andersons (ANDE) Initiated at New Buy at Benchmark; PT USD 75
- Cava Group (CAVA) Initiated at New Buy at Benchmark; PT USD 80
- Coupang (CPNG) Initiated at New Underperform at Bernstein; PT USD 17
- Incyte (INCY) Initiated at New Buy at HC Wainwright; PT USD 135
- Karyopharm (KPTI) Reinstated Overweight at Cantor
- Louisiana-Pacific (LPX) Initiated at New Outperform at Oppenheimer; PT USD 115
- Stoke Therapeutics (STOK) Initiated at New Buy at Guggenheim; PT USD 60
- Trinity Capital (TRIN) Initiated at New Buy at Clear Street; PT USD 18
Context
In contrast, QCOM's downgrade to Neutral at BofA indicates a cautious outlook, which may weigh on sentiment in the semiconductor sector and impact related stocks. Overall, these movements can influence market dynamics as they reflect shifts in analyst expectations.
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