Analysts issued a flurry of rating changes today, upgrading Coinbase and Affirm while downgrading aerospace leaders like GE Aerospace and retail stocks including Nike.
Upgraded to Outperform by Wolfe Research on favorable risk/reward after post-earnings underperformance.
Downgraded to Neutral by Baird on growing concerns since June earnings report.
Downgraded to Hold by Melius Research on expected slowing in commercial aviation aftermarket.
Downgraded to Underweight by Morgan Stanley on lagging product pipeline and limited investment flexibility.
Downgraded to Underperform by Wolfe Research on worsening broadband dynamics, though Morgan Stanley initiated Equal Weight.
Upgraded to Neutral from Sell by Compass Point, citing bitcoin cycle recovery.
Upgraded to Buy by Compass Point on increased odds of Clarity Act passage.
Upgraded to Buy by UBS, citing compelling opportunity after selloff.
Upgraded to Buy by UBS on higher interest rates boosting net interest income.
Downgraded to Neutral by Baird alongside Nike and VF Corp.
Downgraded to Neutral by Baird alongside Nike and Dick's Sporting Goods.
Downgraded to Hold by Melius Research on slowing aftermarket sales.
Downgraded to Hold by Melius Research on slowing aftermarket sales.
Downgraded to Hold by Melius Research on slowing aftermarket sales.
Downgraded to Hold by Melius Research on slowing aftermarket sales.
Initiated Outperform by Citizens on strong positioning in live sports and news.
Initiated Outperform by Citizens on expected Warner Bros. deal and expansive IP library.
Initiated Sell by GLJ Research, viewing it as a cyclical gas-turbine manufacturer priced as a secular compounder.
Initiated Buy by Texas Capital on asset-light business model and recurring revenue from advanced reactor platform.
Downgraded to In Line by Evercore ISI on valuation after share appreciation.
Mentioned as partner in Paramount Skydance deal, no direct analyst call.
Wall Street analysts adjusted ratings across diverse sectors today, with upgrades for Coinbase and Affirm contrasting with broad downgrades in the aerospace and retail industries. Analysts cited shifting interest rate environments, cyclical market bottoms, and concerns over slowing commercial aviation aftermarket growth as primary drivers for the latest portfolio rebalancing.
Melius Research downgraded firms like GE Aerospace, Heico, and TransDigm due to expectations that the commercial aviation aftermarket will experience slowing sales after several years of robust growth.
Compass Point upgraded Coinbase to Neutral from Sell, noting that bitcoin is showing signs of recovering from a cyclical bottom based on historic four-year cycle patterns.