BROKER MOVES: CI upgraded whilst GFS is downgraded at JPM amid downbeat commentary

UPGRADED:

• AMD (AMD) upgraded to Accumulate at Phillip Secs; PT USD 195


• Apellis Pharma (APLS) upgraded to Buy at Jefferies; PT USD 80


• Cigna (CI) upgraded to Outperform at RBC; PT USD 354


• Cigna (CI) upgraded to Overweight at Cantor; PT USD 372


• Citizens Financial (CFG) upgraded to Buy at Citi; PT USD 36


• Klaviyo (KVYO) upgraded to Buy at Goldman; PT USD 36


• LyondellBasell (LYB) upgraded to Overweight at JPMorgan; PT USD 100


• Minerals Technologies (MTX) upgraded to Buy at Seaport Global Securities


• SkyWest (SKYW) upgraded to Outperform at Cowen; PT USD 68


• Tapestry (TPR) upgraded to Outperform at Evercore ISI; PT USD 50


• Warner Music (WMG) upgraded to Neutral at Redburn; PT USD 21

DOWNGRADES:

• BigCommerce (BIGC) downgraded to Neutral at Goldman; PT USD 9.50


• Charter Communications (CHTR) downgraded to Equal-Weight at Wells Fargo


• Clorox (CLX) downgraded to Neutral at DA Davidson; PT USD 162


• GlobalFoundries (GFS) downgraded to Neutral at JPMorgan; PT USD 56


• Hilton Worldwide (HLT) downgraded to Inline at Evercore ISI; PT USD 200


• Hyatt (H) downgraded to Inline at Evercore ISI; PT USD 135


• JinkoSolar (JKS) ADRs downgraded to Hold at HSBC; PT USD 30


• Markel Group Inc (MKL) downgraded to Hold at Jefferies; PT USD 1,500


• Mattel (MAT) downgraded to Neutral at JPMorgan; PT USD 19


• Microsoft (MSFT) downgraded to Hold at Punto Casa de Bolsa; PT USD 416.48


• Schneider National (SNDR) downgraded to Equal-Weight at Stephens; PT USD 28


• Six Flags (SIX) downgraded to Neutral at B Riley; PT USD 30


• Take-Two (TTWO) downgraded to Neutral at Moffett Nathanson LLC; PT USD 167


• TJX (TJX) downgraded to Neutral at Redburn; PT USD 100


• WW Grainger (GWW) downgraded to Strong Sell at CFRA; PT USD 830

INITIATED:

• Cabaletta Bio (CABA) initiated at New Buy at Jefferies; PT USD 36


• D.R. Horton (DHI) initiated at New Hold at Baptista Research; PT USD 164.30


• Eaton Corp (ETN) initiated at New Outperform at Haitong Intl; PT USD 315.40


• Hoth Therapeutics (HOTH) initiated at New Buy at HC Wainwright; PT USD 4


• SharkNinja (SN) initiated at New Buy at Guggenheim; PT USD 60


• Skye Bioscience (SKYE) initiated at New Overweight at Piper Sandler; PT USD 12


• Smith Douglas Homes (SDHC) initiated at New Neutral at Wedbush; PT USD 23


• Smith Douglas Homes (SDHC) initiated at New Peer Perform at Wolfe


• Smith Douglas Homes (SDHC) initiated at New Equal-Weight at Wells Fargo


• Smith Douglas Homes (SDHC) initiated at New Overweight at JPMorgan; PT USD 31.50


• Smith Douglas Homes (SDHC) initiated at New Sector Perform at RBC; PT USD 26


• Soleno (SLNO) initiated at New Overweight at Piper Sandler; PT USD 93


• SpringWorks (SWTX) initiated at New Buy at Guggenheim; PT USD 75


• Tencent Music (TME) ADRs initiated at New Buy at Redburn; PT USD 12


• Tencent Music (TME) ADRs initiated at New Accumulate at CLSA; PT USD 10.50


• United Therapeutics (UTHR) initiated at New Outperform at Leerink; PT USD 330

05 Feb 2024 - 12:10- EquitiesResearch Sheet- Source: Newsquawk