US BROKER MOVES: Deluge of MRVL upgrades after strong earnings; TTD downgraded at Wedbush
SourceNewsquawk
SectionUS Equities
UPGRADES
- BWA upgraded from Sell to Neutral at UBS; PT USD 55
- CIEN upgraded from Neutral to Buy at BofA Securities; PT USD 355 (prev. USD 260)
- CRWV upgraded from N/A to Perform at Oppenheimer; PT USD 140
- DOW upgraded from Neutral to Overweight at JPMorgan; PT USD 40 (prev. USD 26)
- FA upgraded from Equalweight to Overweight at Barclays; PT USD 15 (prev. USD 14)
- HAYW upgraded from Underperform to Buy at BofA Securities; PT USD 19 (prev. USD 15)
- ICE upgraded from Hold to Buy at Deutsche Bank; PT USD 188 (prev. USD 180)
- INTU upgraded from Neutral to Buy at Northcoast; PT USD 575
- IQV upgraded from Equalweight to Overweight at Barclays; PT USD 210
- KRMN upgraded from Neutral to Overweight at Piper Sandler; PT USD 127 (prev. USD 110)
- MEDP upgraded from Underweight to Equalweight at Barclays; PT USD 500
- MRVL upgraded from Hold to Buy at Benchmark; PT USD 130
- MRVL upgraded from Neutral to Buy at BofA Securities; PT USD 110 (prev. USD 90)
- MRVL upgraded from Neutral to Outperform at KGI Securities; PT USD 110
- OKTA upgraded from Market Perform to Outperform at BMO Capital; PT USD 97
- SYBT upgraded from Market Perform to Outperform at Hovde Group; PT USD 75
- TME upgraded from Hold to Buy at 86Research; PT USD 17.40
- UNF upgraded from Underweight to Equalweight at Barclays; PT USD 250 (prev. USD 145)
DOWNGRADES
- ADT downgraded from Equalweight to Underweight at Barclays; PT USD 7 (prev. USD 9)
- AES downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 15 (prev. USD 23)
- AVTR downgraded from Equalweight to Underweight at Barclays; PT USD 8.50
- BRLT downgraded from Buy to Neutral at B. Riley; PT USD 1.50 (prev. USD 3)
- BRLT downgraded from Overweight to Sector Weight at KeyBanc
- CERT downgraded from Overweight to Equalweight at Barclays; PT USD 8
- DKL downgraded from Buy to Neutral at Citi; PT USD 52 (prev. USD 47)
- EHAB downgraded from Buy to Hold at TD Cowen; PT USD 13.80 (prev. USD 12)
- PACB downgraded from Equalweight to Underweight at Barclays; PT USD 1.50
- SJM downgraded from Buy to Hold at CBRE Equity Research
- SKT downgraded from Buy to Neutral at BofA Securities; PT USD 39
- TTD downgraded from Outperform to Neutral at Wedbush; PT USD 23
- WBD downgraded from Buy to Neutral at MoffettNathanson; PT USD 31
INITIATIONS
- ALXO initiated at Buy at UBS; PT USD 6
- CUBI initiated at Overweight at JPMorgan; PT USD 90
- ERII initiated at Buy at Northcoast; PT USD 14
- ITRI initiated at Buy at Needham; PT USD 124
- IVT initiated at Overweight at KeyBanc; PT USD 35
- MPAA initiated at Outperform at Oppenheimer; PT USD 18
- NRG initiated at Buy at Goldman Sachs; PT USD 197
- REGN initiated at Overweight at Barclays; PT USD 923
- SBC initiated at Buy at BTIG; PT USD 8
- SRTS initiated at Buy at Alliance Global Partners; PT USD 7.50
- STTK initiated at Buy at Needham; PT USD 25