US BROKER MOVES: WFC and BAC upgraded at HSBC; NKE downgraded at JPM, GS, and BofA after Q3 earnings report

UPGRADES

• Asana (ASAN) Upgraded to Sector Perform at RBC; PT USD 7


• Bank of America (BAC) Upgraded to Buy at HSBC; PT USD 55


• Disney (DIS) Upgraded to Outperform at Raymond James; PT USD 115


• nCino (NCNO) Upgraded to Overweight at Piper Sandler; PT USD 22


• PJT Partners (PJT) Upgraded to Buy at Goldman


• UnitedHealth (UNH) Upgraded to Outperform at Raymond James; PT USD 330


• Wells Fargo (WFC) Upgraded to Buy at HSBC; PT USD 94

DOWNGRADES

• Apellis Pharma (APLS) Downgraded to Neutral at HC Wainwright


• Apellis Pharma (APLS) Downgraded to Market Perform at Raymond James


• Apellis Pharma (APLS) Downgraded to Neutral at JPMorgan; PT USD 41


• Apellis Pharma (APLS) Downgraded to Neutral at Cantor


• Apellis Pharma (APLS) Downgraded to Hold at Stifel; PT USD 41


• Apellis Pharma (APLS) Downgraded to Neutral at Citi; PT USD 41


• Centessa Pharmaceuticals (CNTA) ADRs Downgraded to Market Perform at Leerink


• First Citizens (FCNCA) Downgraded to Neutral at JPMorgan; PT USD 2,200


• Nike (NKE) Downgraded to Neutral at Goldman; PT USD 52


• Nike (NKE) Downgraded to Neutral at JPMorgan; PT USD 52


• Phreesia (PHR) Downgraded to Market Perform at Citizens


• PPG Industries (PPG) Downgraded to Neutral at Citi; PT USD 113

INITIATIONS

• Amcor (AMCR) Initiated at New Buy at Deutsche Bank; PT USD 50


• Americold Realty Trust (COLD) Initiated at New Neutral at Piper Sandler


• Arista Networks (ANET) Initiated at New Positive at Susquehanna; PT USD 160


• ATI Inc. (ATI) Initiated at New Overweight at Wells Fargo; PT USD 175


• Avery Dennison (AVY) Initiated at New Buy at Deutsche Bank; PT USD 200


• Baidu (BIDU) ADRs Initiated at New Outperform at BNP Paribas; PT USD 161


• Ball (BALL) Initiated at New Buy at Deutsche Bank; PT USD 72


• Boeing (BA) Initiated at New Overweight at Wells Fargo; PT USD 250


• Booz Allen (BAH) Reinstated Equal-Weight at Wells Fargo; PT USD 85


• BWX Technologies (BWXT) Reinstated Underweight at Wells Fargo; PT USD 200


• CACI (CACI) Reinstated Overweight at Wells Fargo; PT USD 725


• Caris Life Sciences (CAI) Initiated at New Buy at Goldman; PT USD 27


• Carpenter Tech (CRS) Initiated at New Equal-Weight at Wells Fargo; PT USD 400


• CrowdStrike (CRWD) Initiated at New Buy at Benchmark


• Crown Holdings (CCK) Initiated at New Buy at Deutsche Bank; PT USD 124


• Datadog (DDOG) Initiated at New Buy at Benchmark


• Entrada Therapeutics (TRDA) Initiated at New Overweight at Cantor


• General Dynamics (GD) Reinstated Overweight at Wells Fargo; PT USD 400


• General Electric Aerospace (GE) Reinstated Overweight at Wells Fargo


• Graphic Packaging (GPK) Initiated at New Hold at Deutsche Bank; PT USD 9.60


• Greenfire Resources (GFR) Initiated at New Outperform at National Bank


• Heico (HEI) Reinstated Equal-Weight at Wells Fargo; PT USD 290


• Hexcel (HXL) Reinstated Overweight at Wells Fargo; PT USD 95


• Howmet Aerospace (HWM) Reinstated Equal-Weight at Wells Fargo; PT USD 240


• Huntington Ingalls (HII) Reinstated Equal-Weight at Wells Fargo


• International Paper (IP) Initiated at New Hold at Deutsche Bank; PT USD 38


• Leidos (LDOS) Reinstated Equal-Weight at Wells Fargo; PT USD 165


• LeMaitre Vascular (LMAT) Initiated at New Hold at Freedom Capital; PT USD 113


• Lockheed (LMT) Reinstated Equal-Weight at Wells Fargo; PT USD 650


• Marex Group (MRX) Reinstated Buy at William O'Neil


• Marten Transport (MRTN) Initiated at New Outperform at Baird; PT USD 18


• Microsoft (MSFT) Initiated at New Buy at Benchmark


• Mobileye (MBLY) Initiated at New Buy at Berenberg; PT USD 9.30


• Northrop Grumman (NOC) Reinstated Overweight at Wells Fargo; PT USD 800


• Packaging Corp (PKG) Initiated at New Hold at Deutsche Bank; PT USD 225


• Palantir (PLTR) Initiated at New Hold at Benchmark


• Palo Alto Networks (PANW) Initiated at New Buy at Benchmark


• Pelthos Therapeutics (PTHS) Initiated at New Overweight at Cantor; PT USD 50


• Pony AI (PONY) ADRs Initiated at New Buy at HSBC; PT USD 16.60


• Rocket Lab (RKLB) Reinstated Equal-Weight at Wells Fargo; PT USD 60


• RTX Corp (RTX) Reinstated Equal-Weight at Wells Fargo; PT USD 200


• Sanmina (SANM) Initiated at New Neutral at Susquehanna; PT USD 135


• Sensient (SXT) Initiated at New Buy at UBS; PT USD 115


• ServiceNow (NOW) Initiated at New Buy at Benchmark


• Silgan (SLGN) Initiated at New Buy at Deutsche Bank; PT USD 52


• Snowflake (SNOW) Initiated at New Buy at Benchmark


• Sonoco (SON) Initiated at New Buy at Deutsche Bank; PT USD 63


• StandardAero (SARO) Initiated at New Overweight at Wells Fargo; PT USD 32


• Textron (TXT) Reinstated Equal-Weight at Wells Fargo; PT USD 92


• TransDigm (TDG) Reinstated Equal-Weight at Wells Fargo; PT USD 1,200


• Voyager Technologies (VOYG) Initiated at New Buy at TD Cowen; PT USD 35


• Voyager Technologies (VOYG) Initiated at New Underweight at Wells Fargo


• WeRide (WRD) ADRs Initiated at New Buy at HSBC; PT USD 11.40


• Woodward (WWD) Reinstated Overweight at Wells Fargo; PT USD 440

01 Apr 2026 - 12:29- - Source: Market Source