On Monday, JPMorgan initiated coverage of Wise with an overweight rating, citing expected net revenue growth above mid-term guidance for the first half of the year, driven by increased user activity and transaction volumes.
Goldman Sachs reiterated its buy rating on Advanced Micro Devices (AMD) and raised its price target from $450 to $640, highlighting strong demand for server CPUs despite potential weaknesses in the PC market. The firm also raised its price target for Sandisk from $1,200 to $2,200, anticipating elevated investor expectations due to strong second-quarter guidance.
Goldman Sachs initiated coverage of Forbright with a buy rating and a price target of $23.50, indicating a favorable outlook for the digital deposit-led bank. Bank of America raised its price target for IBM from $315 to $330, noting the company's shift towards higher-margin software and strong free cash flow.
Conversely, HSBC downgraded Allstate from buy to hold, citing limited upside potential in the property and casualty insurance sector. Goldman Sachs maintained its buy rating on Netflix but lowered its price target from $120 to $110, anticipating challenges in user growth and engagement.
TD Cowen upgraded Flagstar to buy, citing improved earnings visibility, while Jefferies upgraded US Bancorp, noting favorable trends in net interest income. Wolfe reiterated its outperform rating on Microsoft but lowered its price target due to increased capital expenditure estimates. Citi added a positive catalyst watch on Micron, expecting higher DRAM prices in the second half of 2026.
Bernstein maintained its outperform rating on Nvidia, emphasizing the substantial growth potential in the datacenter market.
Other notable actions included Bank of America's initiation of coverage on Parabilis Medicines with a buy rating, upgrades for T-Mobile and Agnico Eagle Mines, and various downgrades across the banking sector by Baird and Morgan Stanley, reflecting concerns over valuation and deposit competition.
Bernstein's downgrade of Datadog was based on signs of slowing demand, contrasting with previous investor expectations