US BROKER MOVES: META upgraded at JPMorgan; UBER downgraded at Arete
Major broker actions include JPMorgan upgrading Meta Platforms with an USD 820 price target, Arete downgrading Uber to Neutral, and multiple Wall Street rating adjustments across sectors.
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UPGRADES Casey's General Stores (CASY) upgraded from Market Perform to Outperform at Raymond James; PT USD 750.00 Caterpillar (CAT) upgraded from Hold to Buy at Freedom Broker; PT USD 980.00 Herc Holdings (HRI) upgraded from Neutral to Overweight at JPMorgan; PT USD 175.00 (prev. USD 165.00) Kymera Therapeutics (KYMR) upgraded from Peerperform to Outperform at Wolfe Research Meta Platforms (META) upgraded from Neutral to Overweight at JPMorgan; PT USD 820.00 (prev. USD 640.00) Novartis (NVS) upgraded from Reduce to Hold at HSBC; PT USD 136.00 (prev. USD 123.00) Orchestra BioMed (OBIO) upgraded from Neutral to Buy at BTIG; PT USD 10.00 Paccar (PCAR) upgraded from Sector Perform to Outperform at RBC Capital; PT USD 150.00 (prev. USD 130.00) Simmons First National (SFNC) upgraded from Market Perform to Outperform at Keefe, Bruyette & Woods; PT USD 26.00 Synopsys (SNPS) upgraded from Equal Weight to Overweight at Wells Fargo; PT USD 475.00 (prev. USD 450.00) Block (XYZ) upgraded from Hold to Buy at StoneX; PT USD 105.00 Yum! Brands (YUM) upgraded from Equal Weight to Overweight at Wells Fargo; PT USD 175.00 (prev. USD 165.00) DOWNGRADES Amgen (AMGN) downgraded from Buy to Hold at HSBC; PT USD 425.00 (prev. USD 445.00) AngloGold Ashanti (AU) downgraded from Outperform to Market Perform at BMO Capital; PT USD 115.00 BioCryst Pharmaceuticals (BCRX) downgraded from Outperform to Sector Perform at RBC Capital; PT USD 11.00 Crescent Capital BDC (CCAP) downgraded from Buy to Neutral at BofA Securities; PT USD 10.25 (prev. USD 13.00) Cooper Companies (COO) downgraded from Buy to Neutral at BofA Securities; PT USD 65.00 (prev. USD 80.00) Cooper Companies (COO) downgraded from Outperform to Market Perform at William Blair Cooper Companies (COO) downgraded from Overweight to Neutral at Piper Sandler; PT USD 59.00 (prev. USD 86.00) DNOW (DNOW) downgraded from Buy to Hold at Freedom Broker; PT USD 18.00 Uber Technologies (UBER) downgraded from Buy to Neutral at Arete; PT USD 74.00 United Rentals (URI) downgraded from Overweight to Neutral at JPMorgan; PT USD 1,170.00 (prev. USD 1,235.00) INITIATIONS Adagene (ADAG) initiated Buy at Chardan; PT USD 9.00 Aehr Test Systems (AEHR) initiated Outperform at Oppenheimer; PT USD 120.00 Adlai Nortye (ANL) initiated Buy at Jefferies; PT USD 31.00 Amer Sports (AS) initiated Buy at BTIG; PT USD 42.00 Amer Sports (AS) initiated Equalweight at Morgan Stanley; PT USD 31.00 Bloom Energy (BE) initiated Buy at Fubon; PT USD 330.00 Clean Harbors (CLH) initiated Outperform at William Blair Clover Health Investments (CLOV) initiated Buy at Deutsche Bank; PT USD 6.00 Coinbase Global (COIN) initiated Equalweight at Morgan Stanley; PT USD 250.00 CTS (CTS) initiated Outperform at Barrington Research; PT USD 80.00 Driven Brands Holdings (DRVN) initiated Underperform at BofA Securities; PT USD 12.00 FedEx (FDXF) initiated Market Perform at Bernstein SocGen Group; PT USD 133.00 Fossil Group (FOSL) initiated Buy at Craig; PT USD 12.00 Knight-Swift Transportation Holdings (KNX) initiated Outperform at Bernstein SocGen Group; PT USD 91.00 Liftoff (LFTO) initiated Hold at Freedom Capital; PT USD 18.00 Louisiana-Pacific (LPX) initiated Outperform at Wolfe Research; PT USD 90.00 908 Devices (MASS) initiated Buy at Canaccord; PT USD 13.50 Nike (NKE) initiated Underweight at Morgan Stanley; PT USD 31.00 Nvidia (NVDA) initiated Overweight at Piper Sandler; PT USD 300.00 Old Dominion Freight Line (ODFL) initiated Market Perform at Bernstein SocGen Group; PT USD 200.00 On Holding (ONON) initiated Overweight at Morgan Stanley; PT USD 39.00 Revolution Medicines (RVMD) initiated Overweight at Morgan Stanley; PT USD 255.00 Saia (SAIA) initiated Outperform at Bernstein SocGen Group; PT USD 439.00 StepStone (STEP) initiated Outperform at RBC Capital; PT USD 65.00 Under Armour (UAA) initiated Underweight at Morgan Stanley; PT USD 4.00 XPO (XPO) initiated Outperform at Bernstein SocGen Group; PT USD 244.00
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