US Top Rating Updates on 10/3: WFC, ADBE, MU, STX and More

Analysts Notebook wrote a column · Oct 3, 2022 07:44

Upgrades

• $Box Inc(BOX.US)$: Morgan Stanley Upgrades to Overweight from Equalweight - PT $34 (from $32)

• $CF Industries Holdings(CF.US)$: RBC Capital Upgrades to Outperform from Sector Perform - PT $135 (from $110)

• $New Gold(NGD.US)$: RBC Capital Upgrades to Outperform from Sector Perform - PT $1.25 (from $1)

• $Sensei Biotherapeutics(SNSE.US)$: Oppenheimer Upgrades to Outperform from Perform - PT $5

• $Senetas Corp Ltd(SEN.AU)$ : Truist Securities Upgrades to Buy from Hold - PT $11 (from $7)

• $Wells Fargo & Co(WFC.US)$: Goldman Sachs Upgrades to Buy from Neutral - PT $48 (from $46)

• $Qualtrics International(XM.US)$: Exane Upgrades to Outperform from Neutral - PT $15

Downgrades

• $Adobe(ADBE.US)$: BMO Capital Downgrades to Market Perform from Outperform - PT $435 (from $420)

• $AnaptysBio(ANAB.US)$: Truist Securities Downgrades to Hold from Buy - PT $28 (from $50)

• $Dow Inc(DOW.US)$: Jefferies Downgrades to Hold from Buy - PT $45 (from $71)

• $Health Catalyst(HCAT.US)$: Piper Sandler Downgrades to Neutral from Overweight - PT $11 (from $21)

• $Infosys(INFY.US)$: Goldman Sachs Downgrades to Sell from Conviction Buy

• $Rent the Runway(RENT.US)$: Credit Suisse Downgrades to Neutral from Outperform - PT $4 (from $7)

• $Steven Madden(SHOO.US)$: Loop Capital Downgrades to Hold from Buy - PT $30 (from $40)

• $Tyson Foods(TSN.US)$: Argus Downgrades to Hold from Buy

Coverage Initiated

• $Marvell Technology(MRVL.US)$: Exane initiates at Outperform - PT $62

• $Micron Technology(MU.US)$: Exane initiates at Outperform - PT $75

• $Seagate Technology(STX.US)$: Exane initiates at Neutral - PT $70

• $Twilio(TWLO.US)$: KeyBanc initiates at Overweight - PT $96

• $Emeren Group(SOL.US)$: Northland initiates at Outperform

• $Western Digital(WDC.US)$: Exane initiates at Underperform - PT $30

Disclaimer: The content should not be relied on as advice or recommendation.

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