BROKER MOVES: GM upgraded at Deutsche; AAPL downgraded at Jefferies and Loop Capital

UPGRADES

• Ameren (AEE) Upgraded to Outperform at Evercore ISI; PT USD 104


• American Eagle (AEO) Upgraded to Equal-Weight at Morgan Stanley; PT USD 16


• AppLovin (APP) Upgraded to Buy at Arete; PT USD 180


• Bank OZK (OZK) Upgraded to Equal-Weight at Wells Fargo; PT USD 48


• DHT Holdings (DHT) Upgraded to Buy at Arctic Securities; PT USD 14.70


• Equity LifeStyle (ELS) Upgraded to Buy at Deutsche Bank; PT USD 73


• Essex Property (ESS) Upgraded to Buy at Deutsche Bank; PT USD 310


• Exelon (EXC) Upgraded to Outperform at Evercore ISI; PT USD 44


• Frontline PLC (FRO) Upgraded to Buy at Arctic Securities; PT USD 26.65


• General Motors (GM) Upgraded to Buy at Deutsche Bank; PT USD 60


• Genpact (G) Upgraded to Buy at Jefferies; PT USD 55


• Intl Seaways (INSW) Upgraded to Buy at Arctic Securities; PT USD 63.40


• Navient (NAVI) Upgraded to Buy at Seaport Global Securities; PT USD 18


• Nordic American Tankers (NAT) Upgraded to Buy at Arctic Securities


• Northrop Grumman (NOC) Upgraded to Buy at Citi; PT USD 587


• NRG Energy (NRG) Upgraded to Outperform at Evercore ISI; PT USD 126


• O'Reilly Automotive (ORLY) Upgraded to Overweight at Morgan Stanley


• OGE Energy (OGE) Upgraded to Outperform at Evercore ISI; PT USD 47


• Qorvo (QRVO) Upgraded to Overweight at Morgan Stanley; PT USD 106


• RTX Corp (RTX) Upgraded to Buy at Citi; PT USD 153


• Tencent Music (TME) ADRs Upgraded to Overweight at Morgan Stanley


• Texas Roadhouse (TXRH) Upgraded to Overweight at Morgan Stanley; PT USD 213


• Ulta Beauty (ULTA) Upgraded to Overweight at Morgan Stanley; PT USD 500


• Urban Outfitters (URBN) Upgraded to Overweight at Morgan Stanley; PT USD 63


• Wingstop (WING) Upgraded to Overweight at Morgan Stanley; PT USD 389

DOWNGRADES

• Affirm Holdings (AFRM) Downgraded to Neutral at Susquehanna; PT USD 57


• American Homes (AMH) Downgraded to Hold at Deutsche Bank; PT USD 37


• Apple (AAPL) Downgraded to Hold at Loop Capital; PT USD 230


• Apple (AAPL) Downgraded to Underperform at Jefferies; PT USD 200.75


• Astera Labs (ALAB) Downgraded to Equal-Weight at Morgan Stanley; PT USD 142


• CF Industries (CF) Downgraded to Sector Perform at RBC; PT USD 100


• EBay (EBAY) Downgraded to Sell at Arete; PT USD 52


• Freshworks (FRSH) Downgraded to Underweight at Wells Fargo; PT USD 13


• Harley-Davidson (HOG) Downgraded to Equal-Weight at Morgan Stanley; PT USD 33


• Invitation Homes (INVH) Downgraded to Hold at Deutsche Bank; PT USD 33


• Keros Therapeutics (KROS) Downgraded to Neutral at Cantor


• Mondelez (MDLZ) Downgraded to Hold at Jefferies; PT USD 62


• Polaris (PII) Downgraded to Equal-Weight at Morgan Stanley; PT USD 60


• Ross Stores (ROST) Downgraded to Equal-Weight at Morgan Stanley; PT USD 140


• Teradyne (TER) Downgraded to Underweight at Morgan Stanley; PT USD 117


• Valvoline (VVV) Downgraded to Equal-Weight at Morgan Stanley; PT USD 38


• Wendy's (WEN) Downgraded to Underweight at Morgan Stanley; PT USD 14


• Wolfspeed Inc (WOLF) Downgraded to Hold at CFRA


• Yum (YUM) Downgraded to Equal-Weight at Morgan Stanley; PT USD 140


• ZTO Express (ZTO) ADRs Downgraded to Hold at HSBC; PT USD 20

INITIATIONS

• Amprius Technologies (AMPX) Initiated at New Overweight at Cantor; PT USD 10


• Caterpillar (CAT) Initiated at New Outperform at Haitong Intl; PT USD 427.41


• Cognex (CGNX) Initiated at New Buy at President Capital Management; PT USD 45.50


• Curtiss-Wright (CW) Initiated at New Buy at Citi; PT USD 440


• EBay (EBAY) Initiated at New Neutral at President Capital Management; PT USD 74


• Firstsun Capital (FSUN) Initiated at New Outperform at KBW; PT USD 46


• Forte Biosciences Inc (FBRX) Initiated at New Buy at TD Cowen


• Kinder Morgan (KMI) Initiated at New Outperform at Haitong Intl; PT USD 38.13


• MongoDB (MDB) Initiated at New Buy at China Renaissance; PT USD 351


• National Energy Services (NESR) Initiated at New Buy at Benchmark; PT USD 15


• Roku (ROKU) Initiated at New Market Outperform at JMP; PT USD 95


• Smurfit WestRock (SW) Initiated at New Buy at Truist Secs; PT USD 62


• Synergy CHC (SNYR) Initiated at New Buy at Roth Capital Partners; PT USD 10


• Trade Desk (TTD) Initiated at New Market Outperform at JMP; PT USD 150


• V2X Inc (VVX) Initiated at New Buy at Citi; PT USD 64


• Vistra Corp (VST) Resumed Outperform at Evercore ISI; PT USD 202

21 Jan 2025 - 12:21- - Source: Newswires