Upgrades and Downgrades for Tuesday, 1/16

Upgrades

  • Novartis (NVS) upgraded by UBS from Neutral to Buy
  • Novo Nordisk (NVO) upgraded by UBS from Sell to Neutral
  • Sanofi (SNY) upgraded by UBS from Neutral to Buy
  • GSK (GSK) upgraded by UBS from Sell to Buy
  • Dollar General (DG) upgraded by Morgan Stanley from Equal Weight to Overweight
  • Target (TGT) upgraded by Morgan Stanley from Equal Weight to Overweight
  • Valvoline (VVV) upgraded by Morgan Stanley from Equal Weight to Overweight
  • Wayfair (W) upgraded by Morgan Stanley from Equal Weight to Overweight
  • Home Depot (HD) upgraded by Piper Sandler from Neutral to Overweight
  • Starbucks (SBUX) upgraded by Morgan Stanley from Equal Weight to Overweight
  • DocuSign (DOCU) upgraded by Morgan Stanley from Underweight to Equal Weight
  • Boston Beer (SAM) upgraded by Bernstein from Underperform to Market Perform
  • Victoria’s Secret (VSCO) upgraded by Wells Fargo from Equal Weight to Overweight
  • BlackRock (BLK) upgraded by TD Cowen from Market Perform to Outperform
  • NXP Semiconductors (NXPI) upgraded by Barclays from Equal Weight to Overweight

Downgrades

  • NetApp (NTAP) downgraded by Raymond James from Outperform to Market Perform
  • Rolls-Royce (RYCEY) downgraded by Berenberg from Hold to Sell
  • AB InBev (BUD) downgraded by Citi from Buy to Neutral
  • Roche (RHHBY) downgraded by Morgan Stanley from Equal Weight to Underweight
  • AstraZeneca (AZN) downgraded by UBS from Buy to Sell
  • Boeing (BA) downgraded by Wells Fargo from Overweight to Equal Weight
  • Tractor Supply (TSCO) downgraded by Morgan Stanley from Equal Weight to Underweight
  • PayPal (PYPL) downgraded by Mizuho from Buy to Neutral
  • Northrop Grumman (NOC) downgraded by Baird from Outperform to Neutral
  • RTX (RTX) downgraded by Baird from Outperform to Neutral
  • HP Enterprise (HPE) downgraded by Bernstein from Outperform to Market Perform
  • Fortinet (FTNT) downgraded by Wells Fargo from Overweight to Equal Weight
  • Starbucks (SBUX) downgraded by Gordon Haskett from Buy to Hold
  • Wendy’s (WEN) downgraded by Gordon Haskett from Buy to Hold
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