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Paramount Global shares fell nearly 9% after BofA Securities and UBS downgraded the stock. BofA analyst Jessica Reif Ehrlich cut her recommendation to Underperform from Buy, citing a lack of asset sales. UBS analyst Joshua Spector downgraded shares of Albemarle to Hold from Buy. Mizuho Securities upgraded ACADIA Pharmaceuticals to Buy from Neutral, while KBW upgraded Bank of America to Market Perform from Underperform. Other upgrades and downgrades were also reported.
+Initiations 11/7: $ALIT $BBIO $BIRK $BURL $CDAY $CWAN $CYTK $EDU $GFL $GPS $INTA $LULU $NKE $ONON $PAYV $PVH $RACE $RL $ROST $SSNC $SVRA $TAL $TJX $TRI $ULTA . -Initiations 11/7: $ASGN $IRM $RHI
Upgrades 11/7: $APPN $DOCN $HES $HPQ $MGNX $MNDY $NWG $SRC $VTR . Downgrades 11/7: $ADTN $AMRC $BVH $CDXS $ES $FMX $GOL $KW $MRTX $NWE $OLO $PTON $RMAX $SGMO $SONO $TEF $UDR $VTYX $ZTO
Coverage Initiated - Nov 07, 2023 $ALIT: UBS initiates) at Buy - PT $10 $BBIO: Citi initiates at Buy - PT $42 $BIRK: Evercore ISI initiates at Outperform - PT $47 $BURL: Evercore ISI initiates at Outperform - PT $150 $CDAY: UBS initiates at Buy - PT $87 $CWAN: UBS initiates at… https://t.co/YO79kIQF4L
Downgrades - Nov 07, 2023 $AMRC: William Blair Downgrades to Market Perform from Outperform $AMRC: Oppenheimer Downgrades to Perform from Outperform $CDXS: Benchmark Downgrades to Hold from Buy $ES: Evercore ISI Downgrades to In Line from Outperform - PT $65 (from $84) $FLR:… https://t.co/X2q59ZUYPW
Upgrades - Nov 07, 2023 $APPN: DA Davidson Upgrades to Buy from Neutral - PT $55 (from $50) $DOCN: Goldman Sachs Upgrades to Buy from Sell - PT $33 $HPQ: Edward Jones Upgrades to Buy from Hold $MGNX: Guggenheim Upgrades to Buy from Neutral - PT $12 $MNDY: DA Davidson Upgrades… https://t.co/0hP2FHeV5J
Paramount Global shares fell nearly 9% midway through the trading day after veteran media analyst Jessica Reif Ehrlich delivered a harsh verdict on the stock (click photo below for story) https://t.co/zO1V5SI00u https://t.co/9FjtB2VNgr
UBS analyst Joshua Spector downgraded shares of Albemarle to Hold from Buy on Monday. https://t.co/qri4ZMspZ6
Paramount stock downgraded by Bank of America: 'Hard to buy if not for sale' https://t.co/LpOMTrvwIY by @allie_canal
BofA Securities analyst Jessica Reif Ehrlich cuts her recommendation on shares of Paramount to Underperform from Buy. https://t.co/Al3669tPeC
Paramount Analyst Cuts Stock Rating From 'Buy' to 'Underperform' Due to Lack of Asset Sales https://t.co/NWh1mMLpse
Upgrades 11/6: $ACAD $BAC $BKNG $CCCC $CLX $CORT $CSR $D $ETR $KEY $KTB $PK $PYPL $RACE $RTO $SQ $VC $VET . Downgrades 11/6: $ALB $AVNT $BJ $BLMN $CATY $CF $DCFC $ENS $ESMT $EVO $FTI $FTNT $NTR $OHI $PARA $PXD $SEDG $SGMO $TSLX $WKHS
Coverage Initiated - Nov 06, 2023 $BILI: Mizuho Securities initiates at Buy - PT $18 $BIRK: BMO Capital initiates at Outperform - PT $50 $BIRK: Baird initiates at Outperform - PT $48 $BIRK: Citi initiates at Buy - PT $52 $BIRK: Exane BNP Paribas initiates at Neutral - PT $44… https://t.co/HRcx7Dsxfv
Downgrades - Nov 06, 2023 $ALB: UBS Downgrades to Neutral from Buy - PT $140 (from $253) $AVNT: Deutsche Bank Downgrades to Hold from Buy - PT $37 (from $46) $BJ: Deutsche Bank Downgrades to Hold from Buy - PT $71 (from $79) $BLMN: Raymond James Downgrades to Outperform from… https://t.co/03nKqsv6tW
Upgrades - Nov 06, 2023 $ACAD: Mizuho Securities Upgrades to Buy from Neutral - PT $35 (from $20) $BAC: KBW Upgrades to Market Perform from Underperform - PT $30 (from $29) $CCCC: Morgan Stanley Upgrades to Equalweight from Underweight - PT $1 (from $3) $CLX: UBS Upgrades to… https://t.co/K8ehS3esne