US Top Rating Updates on 8/11: DIS, SHOP, BILI, LI and more

$Disney(DIS.US)$ shares surged nearly 9% on Thursday after the media and entertainment giant reported strong third-quarter results and continued to add Disney+ subscribers at a brisk pace, prompting investment firm Guggenheim Securities to upgrade the stock.

$Lowe's Companies(LOW.US)$ stock price is down nearly 2% in premarket Thursday after a Citi analyst downgraded shares to Neutral with a $205 per share price target. The analyst sees growing concerns for home retail, including "wallet share shift to services and travel, inflation tightening consumer budgets for big-ticket, higher rates, home prices starting to decline, and recession risk negatively affecting the employment picture.”

As previously reported, Atlantic Equities analyst Simon Clinch downgraded $Upstart(UPST.US)$ to Underweight from Neutral with a price target of $22, down from $32, as he is lowering his FY22, FY23 and FY24 revenue and EPS estimates after Upstart provided "disappointing" Q3 guidance that he said highlights the ongoing severity of headwinds facing the business in the near-term.