US BROKER MOVES: RDDT upgraded at Seaport; XYZ seen further downgrades post-earnings

UPGRADES:

• Ascendis Pharma (ASND) ADRs Upgraded to Overweight at Morgan Stanley


• Bloom Energy (BE) Upgraded to Outperform at Mizuho Securities; PT USD 26


• Instacart (CART) Upgraded to Buy at CFRA


• Lumen Technologies (LUMN) Upgraded to Outperform at Raymond James


• Mettler-Toledo (MTD) Upgraded to Hold at Jefferies; PT USD 1,110


• Nexxen International Ltd (NEXN) Upgraded to Outperform at Raymond James


• Reddit (RDDT) Upgraded to Buy at Seaport Global Securities; PT USD 165


• Sotera (SHC) Upgraded to Buy at Goldman; PT USD 17


• Twilio (TWLO) Upgraded to Hold at HSBC; PT USD 99


• Wendy's (WEN) Upgraded to Overweight at JPMorgan; PT USD 15


• Worthington Enterprises (WOR) Upgraded to Buy at Canaccord; PT USD 67

DOWNGRADES:

• Acushnet (GOLF) Downgraded to Neutral at Compass Point; PT USD 71


• Arvinas (ARVN) Downgraded to Hold at Truist Secs; PT USD 11


• Block (XYZ) Downgraded to Neutral at Macquarie; PT USD 50


• Block (XYZ) Downgraded to Neutral at Piper Sandler; PT USD 51


• Enact (ACT) Downgraded to Market Perform at KBW; PT USD 39


• Hecla Mining (HL) Downgraded to Market Perform at BMO; PT USD 5.50


• Huntsman (HUN) Downgraded to Equal-Weight at Wells Fargo; PT USD 13


• Microsoft (MSFT) Downgraded to Accumulate at Phillip Secs; PT USD 480


• Onto Innovation Inc (ONTO) Downgraded to Neutral at Cantor; PT USD 135


• Parsons (PSN) Downgraded to Hold at Jefferies; PT USD 65


• Shopify (SHOP) Downgraded to Neutral at BNPP Exane; PT USD 100


• Spotify (SPOT) Downgraded to Reduce at Phillip Secs; PT USD 600


• Timken (TKR) Downgraded to Neutral at DA Davidson; PT USD 71

INITIATIONS::

• AST SpaceMobile (ASTS) Initiated New Perform at Oppenheimer


• CoreWeave (CRWV) Initiated New Neutral at MoffettNathanson LLC


• EHang Holdings (EH) ADRs Initiated New Buy at Jefferies; PT USD 30.40


• Iridium Communications (IRDM) Initiated New Outperform at Oppenheimer


• Jade Biosciences Inc (JBIO) Initiated New Buy at Stifel; PT USD 19


• Marti Technologies (MRT) Initiated New Buy at Benchmark; PT USD 5


• Meta (META) Initiated New Buy at Sealand Securities


• Okta (OKTA) Initiated New Buy at Loop Capital; PT USD 140


• Roper (ROP) Initiated New Outperform at William Blair

05 May 2025 - 12:15- ForexResearch Sheet- Source: Newsquawk