Wells Fargo raised its rating on DraftKings to Overweight from Equal Weight, setting a new price target of $49, up from $31. The firm cited expectations for a strong fourth quarter and long-term growth in digital gaming.
Citi upgraded Intel to Neutral from Sell, increasing its price target to $50 from $29. The firm noted Intel could benefit from supply tightness in advanced packaging at TSMC.
JPMorgan moved F5 to Overweight from Neutral, raising its price target to $345 from $295. It stated that risks in the company's fiscal 2026 outlook related to a security incident appear overly conservative.
Wells Fargo also upgraded Broadcom to Overweight from Equal Weight, with a price target increase to $430 from $410, saying gross margin concerns are overdone. The firm similarly upgraded Monolithic Power, Lam Research, KLA Corp., and Analog Devices.
Barclays upgraded Dell Technologies to Overweight from Equal Weight, maintaining a $148 price target. It pointed to strength in artificial intelligence server orders.
Wells Fargo downgraded Flutter Entertainment to Equal Weight from Overweight, lowering its price target to $228 from $248. The firm said lower handle growth and higher promotions are offsetting improved year-over-year net hold, yielding a miss.
UBS downgraded GE HealthCare to Sell from Neutral, raising its price target to $77 from $73. It acknowledged enthusiasm around new technologies but sees risks as best-case scenarios are priced in.
Morgan Stanley downgraded Albertsons to Underweight from Equal Weight, cutting its price target to $14 from $20, citing market share loss, pharmacy pressure, and disinflation.
KeyBanc downgraded Rocket Lab to Sector Weight from Overweight without specifying a price target, stating multi-year growth catalysts have become realized and are well known.
Barclays downgraded Nutanix to Equal Weight from Overweight, reducing its price target to $53 from $64, citing slowing share wins that may hurt bookings and elongate deal cycles.
RBC Capital initiated coverage on Nvidia with an Outperform rating and a $240 price target, seeing limited threat to its AI dominance despite progress by competitors.
RBC Capital started coverage of AMD with a Sector Perform rating and a $230 price target, noting its OpenAI deal establishes it as a credible GPU supplier, but valuation reflects a reasonable ramp.
RBC Capital initiated coverage of Arm with an Outperform rating and a $140 price target, citing CSS adoption as a tailwind and solid data center progress.
RBC Capital began coverage of Micron with an Outperform rating and a $425 price target, expecting DRAM supply tightness to persist into 2027 and significant EPS potential.
RBC Capital initiated coverage of Qualcomm with a Sector Perform rating and a $180 price target, stating valuation looks attractive but immediate catalysts are limited due to market share headwinds.