US Top Rating Updates on 12/5: SBUX, UAL, CRWD, MGM and More

Deutsche Bank analyst Brian Mullan downgraded $Starbucks(SBUX.US)$ to Hold from Buy with a price target of $106, up from $100. The analyst is making a risk/reward and valuation call on the shares, saying "there is not much more to it than that." He is "truly neutral at current levels; neither positive nor negative."

Daiwa analyst Stephen Bersey upgraded $CrowdStrike(CRWD.US)$ to Buy from Outperform with a price target of $181, down from $193. Although the quarter's operating results "looked solid," management's weakening outlook commentary and tepid guidance weighed on investor sentiment, Bersey tells investors in a research note.

BofA analyst David Wright downgraded $Liberty Global-A(LBTYA.US)$ to Neutral from Buy with a price target of EUR 23.60, down from EUR 33.30 as part of a broader research note on European Telecoms. Capex has passed its peak around 19% of sales and should trend lower despite some emerging inflation, but cable operators need to overbuild fiber over time, leaving Liberty and $Vodafone(VOD.US)$ most exposed, the analyst tells investors in a research note.