Loop upgraded Autodesk from Hold to Buy, setting a price target of $310, citing improving fundamentals and a favorable risk/reward profile. Stephens initiated coverage of Korn Ferry with an Overweight rating and a $94 price target, highlighting the company's strong earnings growth potential.
StoneX initiated coverage of Birkenstock as a Buy, noting the brand's growth opportunities and strong margins. Roth initiated Allegro MicroSystems with a Buy rating and a $40 price target, emphasizing underappreciated growth, particularly in data centers.
Stephens also initiated Service Corp with an Overweight rating, predicting steady growth due to a growing preneed backlog and manageable headwinds. KeyBanc upgraded Palo Alto Networks to Overweight, suggesting investors buy on dips as security budgets are expected to rise through 2027.
Piper Sandler upgraded Americold Realty Trust to Overweight, citing revaluation upside despite a 32% year-to-date return. Roth initiated Analog Devices with a Buy rating and a $505 price target, believing the industrial recovery has more room to grow. TD Cowen initiated Velaris as a Buy, indicating potential upside in the biotech sector.
Goldman Sachs reiterated a Buy rating for CoreWeave, expressing confidence after investor meetings. Conversely, Rothschild & Co Redburn downgraded Broadcom to Neutral, citing limited upside potential and market concerns. Baird upgraded Domino's Pizza to Outperform, forecasting better returns, while Stifel downgraded Lowe's to Sell, citing underappreciated challenges.
Jefferies upgraded Steris to Buy, anticipating robust EPS growth. StoneX initiated Deckers as a Buy, praising its balance sheet and growth prospects. KeyBanc maintained a Sector Weight on SpaceX, highlighting the importance of its upcoming Starship launch.
Wells Fargo initiated coverage on Denali Therapeutics, Alector, and Korsana Biosciences as Overweight, optimistic about their Alzheimer's Disease pursuits. Wells Fargo also upgraded Ecolab to Overweight, citing several growth drivers. Wolfe reiterated Outperform ratings for Nvidia, Broadcom, and Marvell, noting strong AI demand.
Deutsche Bank upgraded Installed Building Products to Buy following a strategic acquisition. Piper Sandler initiated Innio as Overweight, projecting significant upside. Morgan Stanley reiterated Nvidia as Overweight but lowered its price target to $267, citing CEO resignation and regulatory risks.
Truist downgraded Nvidia to Hold, expressing concerns about the company's culture and potential revenue challenges