Morning Analyst Calls Briefing for Wednesday, November 16, 2022
Here's a look at more analysts' calls for Wednesday. Of special note is a mass initiation of coverage of semiconductor stocks by Credit Suisse analysts.
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This report was sent to Briefing.com subscribers earlier today.
Upgrades:
> HUYA (HUYA) upgraded to Buy from Outperform at Daiwa Securities; tgt lowered to $3.60
> Xylem (XYL) upgraded to Overweight from Neutral at Atlantic Equities; tgt raised to $129
Downgrades:
> Home Depot (HD) downgraded to Mkt Perform from Outperform at Raymond James
> Iberdrola SA (IBDRY) downgraded to Hold from Buy at Societe Generale
> Provident Bancorp (PVBC) downgraded to Equal-Weight from Overweight at Stephens; tgt lowered to $12
> Texas Instruments (TXN) downgraded to Neutral from Outperform at Credit Suisse; tgt raised to $205
> Unum Group (UNM) downgraded to Neutral from Buy at Goldman; tgt $50
Others:
> Advanced Micro (AMD) assumed with an Outperform at Credit Suisse; tgt $90
> Analog Devices (ADI) assumed with a Neutral at Credit Suisse; tgt $185
> First National (FXNC) initiated with a Buy at Janney; tgt $21.50
> GlobalFoundries (GFS) assumed with an Outperform at Credit Suisse; tgt $78
> Intel (INTC) assumed with a Neutral at Credit Suisse; tgt $28
> Marvell (MRVL) initiated with an Outperform at Credit Suisse; tgt $56
> Microchip (MCHP) initiated with a Neutral at Credit Suisse; tgt $85
> Micron (MU) initiated with an Outperform at Credit Suisse; tgt $78
> Monolithic Power (MPWR) initiated with an Outperform at Credit Suisse; tgt $475
> NVIDIA (NVDA) assumed with an Outperform at Credit Suisse; tgt raised to $210
> NXP Semi (NXPI) initiated with a Neutral at Credit Suisse; tgt $195
> ON Semiconductor (ON) initiated with a Neutral at Credit Suisse; tgt $83
> Qualcomm (QCOM) initiated with an Outperform at Credit Suisse; tgt $150
> Qorvo (QRVO) initiated with an Outperform at Credit Suisse; tgt $120
> SiTime (SITM) initiated with an Outperform at Credit Suisse; tgt $135
> Skyworks (SWKS) assumed with an Outperform at Credit Suisse; tgt $125
> Synopsys (SNPS) initiated with a Hold at Edward Jones
Research calls posted earlier this morning are available here.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
