Wolfe initiated coverage of SpaceX with an 'outperform' rating, citing its unique competitive advantages and potential for high valuation due to reduced launch costs. UBS maintained a 'buy' rating on Broadcom despite uncertainties regarding its partnership with Google, while TD Cowen reiterated a 'buy' on Warby Parker, pointing to growth from store expansion and increased consumer awareness.
Bank of America upgraded Williams-Sonoma to 'buy', emphasizing its strong market position and demographic advantages. They also initiated coverage of Avalo Therapeutics with a 'buy' rating, driven by promising data for its skin disease treatment. Wells Fargo initiated Coca-Cola Europacific Partners as 'overweight', highlighting its pricing power amid inflation.
Bernstein initiated coverage on Celsius Holdings and Keurig Dr Pepper as 'outperform', reflecting optimism in the energy drink sector. Citi upgraded Advanced Micro Devices to 'buy', anticipating growth in the GPU market. Roth initiated Fervo Energy with a 'buy' rating, while Barclays initiated Air Global as 'overweight', citing its market leadership.
JPMorgan upgraded Kratos Defense & Security, encouraging investors to buy on dips due to a strong growth outlook. Citizens upgraded EPR Properties, noting resilience in its portfolio, while Stifel downgraded Adobe to 'hold', citing leadership uncertainty and negative catalysts. KeyBanc initiated Phinia as 'overweight', viewing it as undervalued.
Goldman Sachs upgraded New Oriental Education to 'buy', recognizing its valuation appeal. BTIG initiated One Gas as 'buy', anticipating robust demand, and RBC initiated Guardant Health with an 'outperform' rating. Oppenheimer reiterated its 'outperform' rating on Nvidia, emphasizing its leadership in the AI sector