Notes
🔸 Upgrades:
Accenture ( $ACN): Upgraded to Outperform at Baird, PT $390
American Tower ( $AMT): Upgraded to Overweight at Wells Fargo, PT $230
Blue Owl Capital ( $OBDC): Upgraded to Equal-Weight at Wells Fargo
Crown Castle ( $CCI): Upgraded to Equal-Weight at Wells Fargo, PT $105
DouYu ( $DOYU): ADRs upgraded to Hold at HSBC, PT $9
Flowserve ( $FLS): Upgraded to Outperform at Baird, PT $71
Generac ( $GNRC): Upgraded to Neutral at Guggenheim
Genesis Energy ( $GEL): Upgraded to Overweight at Wells Fargo, PT $18
Liberty Formula One ( $FWONA): Upgraded to Buy at Seaport Global Securities
https://t.co/eMBFE2Jwuf ( $MNDY): Upgraded to Buy at DA Davidson, PT $350
Netflix ( $NFLX): Upgraded to Buy at MoffettNathanson, PT $1,100
Norwegian Cruise ( $NCLH): Upgraded to Overweight at JPMorgan, PT $30
SL Green ( $SLG): Upgraded to Outperform at Evercore ISI, PT $73
Sprouts Farmers ( $SFM): Upgraded to Buy at Deutsche Bank, PT $190
🔸 Downgrades:
Campbell's ( $CPB): Downgraded to Equal-Weight at Consumer Edge, PT $40
Cion Investment ( $CION): Downgraded to Underweight at Wells Fargo, PT $10
EastGroup ( $EGP): Downgraded to Inline at Evercore ISI, PT $185
Finward ( $FNWD): Downgraded to Market Perform at Hovde Group
FS KKR Capital ( $FSK): Downgraded to Underweight at Wells Fargo, PT $19
Li Auto ( $LI): ADRs downgraded to Neutral at Macquarie, PT $27
RLX Tech ( $RLX): ADRs downgraded to Neutral at Citi, PT $2.50
Sutro Biopharma ( $STRO): Downgraded to Market Perform at Oppenheimer
TriplePoint Venture Growth BDC ( $TPVG): Downgraded to Underweight at Wells Fargo
🔸 $RITM - RITHM CAPITAL SHARES UP 1.5% PREMARKET AFTER Q3 RESULTS
🔸 $MCD - MCDONALD'S SHARES FALL ABOUT 1% PREMARKET AFTER Q3 GLOBAL SALES FALL MORE THAN EXPECTED
🔸 $PYPL - PAYPAL SHARES DOWN 4.5% PREMARKET AFTER CO FORECASTS Q4 REVENUE BELOW ESTIMATES
🔸 $BOOT - BOOT BARN HOLDINGS SHARES DOWN 5.7% PREMARKET AFTER Q3 PROFIT FORECAST MISS, CEO CHANGE
🔸 $NARI - INARI SHARES UP 8.1% PREMARKET AFTER CO RAISES FY2024 REVENUE FORECAST
🔸 $JBLU - JETBLUE AIRWAYS SHARES DOWN 5% PREMARKET AFTER RESULTS
🔸 $CROX - CROCS SHARES DOWN 8.4% PREMARKET AFTER Q4 PROFIT FORECAST BELOW ESTIMATES
🔸 $AMT - AMERICAN TOWER SHARES DOWN 3.1% PREMARKET AFTER Q3 RESULTS
🔸 $MAS - SHARES OF MASCO DOWN ABOUT 2% PREMARKET AFTER Q3 REVENUE MISS
#Downgrades - Oct 10, 2024
$ALTM: HSBC Downgrades to Hold from Buy - PT $5.85 (from $4.25)
$ALTM: Raymond James Downgrades to Market Perform from Outperform
$AMT: Wells Fargo Downgrades to Equal Weight from Overweight - PT $230 (from $245)
$AZUL: Seaport Global Securities Downgrades to Neutral from Buy
$BP: Scotiabank Downgrades to Sector Perform from Sector Outperform - PT $36 (from $42)
$CG: CFRA Downgrades to Sell from Hold - PT $45
$CRUS: Barclays Downgrades to Equalweight from Overweight - PT $120 (from $140)
$FA: Wolfe Research Downgrades to Peerperform from Outperform
$HII: Vertical Research Partners Downgrades to Hold from Buy - PT $275
$HII: Wolfe Research Downgrades to Peerperform from Outperform
$HON: JPMorgan Downgrades to Neutral from Overweight - PT $235 (from $225)
$HUBB: JPMorgan Downgrades to Neutral from Overweight - PT $454 (from $385)
$HXL: Vertical Research Partners Downgrades to Hold from Buy - PT $65
$LEU: Roth/MKM Downgrades to Neutral from Buy - PT $62 (from $55)
$LULU: CFRA Downgrades to Hold from Strong Buy - PT $280
$NTR: UBS Downgrades to Neutral from Buy - PT $51 (from $66)
$OGN: CFRA Downgrades to Sell from Hold - PT $16
$PEP: TD Cowen Downgrades to Hold from Buy - PT $183 (from $190)
$PYPL: Bernstein Downgrades to Market Perform from Outperform - PT $80 (from $75)
$SAR: Ladenburg Thalmann Downgrades to Neutral from Buy
$SWKS: Barclays Downgrades to Underweight from Equalweight - PT $87 (from $115)
STREET RECOMMENDATION - JULY 01, 2024
Upgrades
$ADNT: BNP Paribas Upgrades to Neutral from Underperform - PT $26
$AGRO: JPMorgan Upgrades to Neutral from Underweight - PT $11.50 (from $10.50)
$BIRK: UBS Upgrades to Buy from Neutral - PT $85 (from $52)
$COLD: Wolfe Research Upgrades to Outperform from Peerperform - PT $31
$ICE: Goldman Sachs Upgrades to Buy from Neutral - PT $167 (from $143)
$MGA: BNP Paribas Upgrades to Outperform from Neutral
$TFX: Piper Sandler Upgrades to Overweight from Neutral - PT $245 (from $205)
$TFX: Piper Sandler Upgrades to Overweight from Neutral - PT $245 (from $205)
Downgrades
$AMED: William Blair Downgrades to Market Perform from Outperform
$ICFI: Truist Securities Downgrades to Hold from Buy - PT $155 (from $168)
$NEP: RBC Capital Downgrades to Sector Perform from Outperform - PT $30 (from $38)
$SAVA: H.C. Wainwright Downgrades to Neutral from Buy
$ZBH: Piper Sandler Downgrades to Neutral from Overweight - PT $115 (from $140)
Initiates
$AMKR: JPMorgan Initiates at Overweight - PT $48
$AMT: Goldman Sachs Initiates at Buy - PT $230
$ATUS: Goldman Sachs Initiates at Sell - PT $2
$AXGN: Raymond James Initiates at Outperform - PT $13
$BIVI: ThinkEquity Initiates at Buy - PT $3
$CCOI: Goldman Sachs Initiates at Neutral - PT $56
$CHTR: Goldman Sachs Initiates at Sell - PT $250
$DLR: Goldman Sachs Initiates at Buy - PT $175
$EQIX: Goldman Sachs Initiates at Buy - PT $870
$FYBR: Goldman Sachs Initiates at Buy - PT $29
$GAUZ: Stifel Initiates at Buy - PT $18
$GAUZ: TD Cowen Initiates at Buy - PT $24
$IMMX: H.C. Wainwright Initiates at Buy - PT $7
$LUMN: Goldman Sachs Initiates at Sell - PT $1
$T: Goldman Sachs Initiates at Buy - PT $22
$TALK: Needham Initiates at Hold
$TMUS: Goldman Sachs Initiates at Buy - PT $200
$VZ: Goldman Sachs Initiates at Neutral - PT $50
$WRB: TD Cowen Initiates at Buy - PT $103
: JMP Securities Initiates at Market Outperform - PT $6