BROKER MOVES: MS upgraded at HSBC saying underperformance may be ending, with MBLY downgraded at UBS

UPGRADES

• CVS (CVS) Upgraded to Buy at TD Cowen; PT USD 85


• Diamondback (FANG) Upgraded to Outperform at BMO; PT USD 215


• Digital Realty (DLR) Upgraded to Hold at HSBC; PT USD 160


• Equinix (EQIX) Upgraded to Buy at HSBC; PT USD 1,000


• Jacobs (J) Upgraded to Outperform at Raymond James; PT USD 160


• M&T Bank (MTB) Upgraded to Outperform at Wolfe; PT USD 210


• Morgan Stanley (MS) Upgraded to Buy at HSBC; PT USD 118


• Williams Cos (WMB) Upgraded to Overweight at Morgan Stanley; PT USD 58

DOWNGRADES

• Align Technology (ALGN) Downgraded to Strong Sell at CFRA


• AZEK (AZEK) Downgraded to Hold at Loop Capital; PT USD 47


• Bilibili (BILI) ADRs Downgraded to Hold at Daiwa; PT USD 28.50


• Chubb (CB) Downgraded to Underperform at BofA


• Dine Brands (DIN) Downgraded to Hold at Truist Secs; PT USD 37


• GE Vernova (GEV) Downgraded to Hold at HSBC; PT USD 255


• Gulfport Energy (GPOR) Downgraded to Inline at Evercore ISI; PT USD 170


• Hartford Financial (HIG) Downgraded to Neutral at BofA


• Li Auto (LI) ADRs Downgraded to Neutral at Macquarie; PT USD 33


• Mobileye (MBLY) Downgraded to Neutral at UBS; PT USD 14


• PBF Energy (PBF) Downgraded to Market Perform at BMO; PT USD 35


• Sage Therapeutics (SAGE) Downgraded to Underperform at RBC; PT USD 4


• Stellantis (STLA) Downgraded to Sector Perform at RBC; PT USD 14.34


• Warner Music (WMG) Downgraded to Underperform at BofA; PT USD 30


• Woodward (WWD) Downgraded to Hold at TD Cowen; PT USD 160

INITIATIONS

• ASP Isotopes (ASPI) Initiated at Buy at Canaccord; PT USD 4.50


• Atyr Pharma (ATYR) Initiated at Overweight at Wells Fargo; PT USD 17


• Axis Capital (AXS) Initiated at Buy at TD Cowen; PT USD 118


• Curbline Properties Initiated at Overweight at JPMorgan; PT USD 25


• iRhythm (IRTC) Initiated at Neutral at Goldman; PT USD 78


• LivaNova (LIVN) Reinstated at Buy at Goldman; PT USD 65


• MINISO (MNSO) ADRs Initiated at Buy at Citi; PT USD 26.80


• Mural Oncology (MURA) Initiated at Strong Buy at Raymond James; PT USD 18


• Republic Services (RSG) Initiated at Sector Perform at Scotiabank


• Tandem Diabetes (TNDM) Initiated at Neutral at Goldman; PT USD 46


• WM (WM) Initiated at Sector Perform at Scotiabank; PT USD 220

04 Oct 2024 - 12:05- ForexResearch Sheet- Source: Newsquawk