BROKER MOVES: KDP upgraded at Citi; MCHP downgraded at Truist Secs amid a semiconductor sector downgrade as revenue growth enters a "slow fade"

UPGRADES

• BNY Mellon (BK) Upgraded to Buy at Deutsche Bank; PT USD 80


• Ciena (CIEN) Upgraded to Buy at Citi; PT USD 68


• Keurig Dr Pepper (KDP) Upgraded to Buy at Citi; PT USD 43


• Marinus Pharma (MRNS) Upgraded to Outperform at Oppenheimer; PT USD 6


• On Holding (ONON) Upgraded to Neutral at BofA

DOWNGRADES

• 4D Molecular (FDMT) Downgraded to Neutral at Cantor


• Analog Devices (ADI) Downgraded to Hold at Truist Secs; PT USD 233


• General Motors (GM) Downgraded to Market Perform at Bernstein; PT USD 53


• Microchip (MCHP) Downgraded to Hold at Truist Secs; PT USD 80


• Microsoft (MSFT) Downgraded to Neutral at DA Davidson; PT USD 475


• Moody's (MCO) Downgraded to Underperform at Raymond James


• Palantir (PLTR) Downgraded to Market Perform at Raymond James


• S&P Global (SPGI) Downgraded to Market Perform at Raymond James


• So-Young (SY) ADRs Downgraded to Neutral at Citi; PT 80 cents


• Tecnoglass (TGLS) Downgraded to Neutral at B Riley; PT USD 69


• Ulta Beauty (ULTA) Downgraded to Hold at TD Cowen; PT USD 395


• Zegna Group (ZGN) Downgraded to Neutral at BofA

INITIATIONS

• ATI Inc (ATI) Initiated at New Outperform at Baptista Research; PT USD 73.30


• Atkore (ATKR) Initiated at New Buy at Baptista Research; PT USD 128.70


• CG oncology (CGON) Initiated at New Outperform at RBC; PT USD 66


• Clarivate (CLVT) Initiated at New Hold at Baptista Research; PT USD 7.30


• Core & Main (CNM) Initiated at New Overweight at Wells Fargo; PT USD 52


• Core Scientific (CORZ) Initiated at New Buy at Canaccord; PT USD 16


• Fluor (FLR) Initiated at New Hold at Baptista Research; PT USD 51.50


• Flutter (FLUT) Initiated at New Buy at Needham; PT USD 270


• GXO Logistics (GXO) Initiated at New Buy at Baptista Research; PT USD 65.30


• Hexcel (HXL) Initiated at New Outperform at Baptista Research; PT USD 70.30


• Installed Building (IBP) Initiated at New Hold at Baptista Research; PT USD 271


• Keros Therapeutics (KROS) Initiated at New Buy at Guggenheim; PT USD 96


• MasTec (MTZ) Initiated at New Underperform at Baptista Research; PT USD 120.80


• MKS Instruments (MKSI) Initiated at New Buy at Baptista Research; PT USD 137.10


• MSC Industrial (MSM) Initiated at New Hold at Baptista Research; PT USD 91


• Onestream (OS) Initiated at New Outperform at BMO; PT USD 38


• Parsons (PSN) Initiated at New Hold at Baptista Research; PT USD 103


• Pinterest (PINS) Initiated at New Buy at Deutsche Bank; PT USD 43


• Structure Therapeutics (GPCR) US Initiated at New Overweight at Morgan Stanley; PT USD 118


• Timken (TKR) Initiated at New Hold at Baptista Research; PT USD 89.60


• Trade Desk (TTD) Initiated at New Neutral at MoffettNathanson LLC; PT USD 100


• TriNet Group (TNET) Initiated at New Buy at Baptista Research; PT USD 120.80

23 Sep 2024 - 12:04- Equities- Source: Newswires