BROKER MOVES: CRM upgraded at TD Cowen; SPOT downgraded at Wolfe Research on revenue forecasts looking "full"

UPGRADES

• American Air (AAL) Upgraded to Neutral at BofA; PT USD 20


• Applied Materials (AMAT) Upgraded to Overweight at KeyBanc; PT USD 225


• AT&T (T) Upgraded to Neutral at Arete; PT USD 19


• Axalta (AXTA) Upgraded to Outperform at Wolfe; PT USD 41


• Clearwater Analytics (CWAN) Upgraded to Overweight at Morgan Stanley


• Cloudflare (NET) Upgraded to Buy at Citi


• DuPont de Nemours (DD) Upgraded to Outperform at Wolfe


• Edison International (EIX) Upgraded to Overweight at JPMorgan; PT USD 96


• EnerSys (ENS) Upgraded to Outperform at Oppenheimer; PT USD 115


• Lam Research (LRCX) Upgraded to Overweight at KeyBanc; PT USD 95


• Lumentum (LITE) Upgraded to Overweight at Barclays; PT USD 125


• MoonLake Immunotherapeutics (MLTX) Upgraded to Buy at Goldman; PT USD 82


• Salesforce Inc (CRM) Upgraded to Buy at TD Cowen; PT USD 400


• Ventas (VTR) Upgraded to Outperform at Baird; PT USD 65

DOWNGRADES

• Crocs (CROX) Downgraded to Hold at Williams Trading; PT USD 112


• HubSpot (HUBS) Downgraded to Hold at TD Cowen; PT USD 725


• JetBlue (JBLU) Downgraded to Underperform at BofA; PT USD 6.50


• Lucky Strike (LUCK) Downgraded to Neutral at JPMorgan; PT USD 12


• Paycor HCM (PYCR) Downgraded to Hold at TD Cowen; PT USD 22.50


• Polestar (PSNY) ADRs Downgraded to Neutral at Cantor


• Southwest Air (LUV) Downgraded to Underperform at BofA; PT USD 31


• Spotify (SPOT) Downgraded to Peerperform at Wolfe

INITIATIONS

• Apogee Enterprises (APOG) Initiated at New Buy at Singular Research; PT USD 66.50


• Atlassian (TEAM) Initiated at New Neutral at Cantor; PT USD 264


• Builders FirstSource (BLDR) Initiated at New Outperform at Raymond James


• Commvault Systems Inc (CVLT) Reinstated Neutral at Cantor; PT USD 159


• Conoco (COP) Reinstated Buy at TD Cowen; PT USD 125


• DigitalOcean (DOCN) Initiated at New Neutral at Cantor; PT USD 39


• Dynatrace (DT) Initiated at New Neutral at Cantor; PT USD 58


• Elastic (ESTC) Initiated at New Neutral at Cantor; PT USD 108


• Exelixis (EXEL) Initiated at New Buy at William O'Neil


• Expand Energy Corp (EXE) Initiated at New Hold at TD Cowen; PT USD 108


• Flutter (FLUT) Initiated at New Buy at Stifel; PT USD 320


• Informatica (INFA) Initiated at New Neutral at Cantor; PT USD 29


• Microsoft (MSFT) Initiated at New Overweight at Cantor; PT USD 509


• Monday.com (MNDY) Initiated at New Overweight at Cantor; PT USD 292


• MongoDB (MDB) Initiated at New Overweight at Cantor; PT USD 344


• Oracle (ORCL) Reinstated Overweight at Cantor; PT USD 214


• Orion Group (ORN) Reinstated Buy at DA Davidson; PT USD 11


• Palantir (PLTR) Initiated at New Neutral at Cantor; PT USD 72


• Penumbra (PEN) Initiated at New Buy at William O'Neil


• ServiceNow (NOW) Initiated at New Overweight at Cantor; PT USD 1,332


• Snowflake (SNOW) Initiated at New Overweight at Cantor; PT USD 201


• Sterling Infrastructure (STRL) Initiated at New Outperform at William Blair


• Teradyne (TER) Reinstated Buy at William O'Neil


• Watsco (WSO) Initiated at New Market Perform at Raymond James


• Zoom Communications Inc (ZM) Reinstated Neutral at Cantor; PT USD 87

17 Jan 2025 - 13:31- - Source: Newswires