US Top Rating Updates on 9/16: ADBE, FDX, SNOW, INFY and More

Morgan Stanley analyst Carlos De Alba upgraded $Alcoa(AA.US)$ to Overweight from Equal Weight with a price target of $66, up from $51. The analyst believes value is beginning to show within Americas metals and mining stocks, but cautions that uncertainty remains.

MKM Partners analyst Catharine Trebnick initiated coverage of $CrowdStrike(CRWD.US)$ with a Buy rating and $240 price target as part of a broader research note on the Cyber Security Software Sector. Trebnick states that she is positive on Crowdstrike's extensible cloud-native platform which allows them to enter markets and be disruptive like they did in the legacy endpoint market where they became the market share leader in less than three years.

Needham analyst Mike Cikos initiated coverage of $Snowflake(SNOW.US)$ with a Buy rating and $240 price target. The company benefits from its cloud-native data platform, which has "massive scale," Cikos tells investors in a research note. The analyst sees a "large, growing opportunity" for Snowflake in a 2026 total addressable market that management estimates at $248B.