Bank of America has initiated coverage of Applied Aerospace & Defense (AADX) with a Buy rating and a price objective of $24, citing strong demand in the space and defense sectors. Citi has also initiated TeraWulf with a Buy/High-Risk rating and a target of $36, highlighting the company's potential in data center expansion for bitcoin mining.
Goldman Sachs initiated Liftoff Mobile (LFTO) with a Buy rating and a $40 price target, noting the company's growth potential in mobile app optimization. Citizens has initiated Six Flags with a market outperform rating, emphasizing the company's execution despite challenges in its merger with Cedar Fair.
Goldman Sachs also initiated Innio with a Buy rating, pointing to favorable conditions for the gas power provider. Raymond James initiated AppLovin (APP) as a Strong Buy with a $640 price target, indicating a long-term growth opportunity. UBS raised its price target for Marvell to $340, citing its leading market share in CXL products.
Wells Fargo downgraded Progressive to underweight, anticipating a tough growth period for the auto insurer. JPMorgan upgraded Primoris to overweight, suggesting the stock is undervalued. Morgan Stanley initiated Sunshine Silver Mining & Refining as overweight, viewing it as a play on the silver trade. Loop reiterated Apple as a Buy, noting its exploration of local content in China.
Bernstein reiterated Nvidia as outperform, recognizing its role in the humanoid robotics space. Bank of America initiated Quantinuum with a Buy rating and a $100 price objective, calling it a performance leader in quantum solutions. TD Cowen upgraded Delek US Holdings to Buy, citing strong refining dynamics.
They also initiated Vertex as a Buy and reiterated Tesla as a Buy ahead of delivery numbers. UBS upgraded Cytokinetics to Buy, expecting earnings upside. Wolfe initiated FrontView REIT as outperform, forecasting earnings growth. Melius initiated coverage of Seagate and Western Digital with Buy ratings and significant upside targets.
BMO upgraded Casey's General Stores to outperform, encouraging shareholders to buy on weakness. Bank of America initiated Warby Parker with a Buy rating and a $33 price objective, recognizing it as a disruptor in the eyewear market. Seaport upgraded Warner Bros Discovery to Buy, noting reduced deal risks with Paramount.
Finally, Needham initiated Solaris Energy Infrastructure as Buy, indicating strong growth potential in the natural gas sector