Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Top Upgrades
- RBC Capital upgraded LyondellBasell Industries NV (NYSE:LYB) from Sector Perform to Outperform. LyondellBasell shares fell 2.78 percent to close at $92.78 on Monday.
- Analysts at SunTrust Robinson Humphrey upgraded Woodward, Inc. (NASDAQ:WWD) from Hold to Buy. Woodward shares fell 2.9 percent to close at $79.49 on Monday.
- BTIG Research upgraded Qualys Inc (NASDAQ:QLYS) from Neutral to Buy. Qualys shares dropped 7.34 percent to close at $69.21 on Monday.
- Melius Research upgraded Colfax Corp (NYSE:CFX) from Underweight to Neutral. Colfax shares fell 15.23 percent to close at $23.72 on Monday.
- Imperial Capital upgraded Shotspotter Inc (NASDAQ:SSTI) from In-Line to Outperform. ShotSpotter shares fell 0.37 percent to close at $32.53 on Monday.
- Berenberg upgraded CME Group Inc (NASDAQ:CME) from Hold to Buy. CME shares closed at $195.61 on Monday.
- Credit Suisse upgraded QEP Resources Inc (NYSE:QEP) from Underperform to Neutral. QEP Resources shares rose 8.83 percent to close at $9.12 on Monday.
- Goldman Sachs upgraded EQT Corporation (NYSE:EQT) from Neutral to Buy. EQT shares rose 2.1 percent to $17.45 in pre-market trading.
- Raymond James upgraded BP plc (NYSE:BP) from Market Perform to Outperform. BP shares fell 0.73 percent to $40.62 in pre-market trading.
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Top Downgrades
- Baird downgraded Micron Technology, Inc. (NASDAQ:MU) from Outperform to Underperform. Micron shares fell 6.2 percent to $34.55 in pre-market trading.
- Bank of America downgraded Skyworks Solutions Inc (NASDAQ:SWKS) from Neutral to Underperform. Skyworks shares fell 4.7 percent to $67.46 in pre-market trading.
- Raymond James downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) from Strong Buy to Outperform. Beacon Roofing shares fell 7.3 percent to $25.75 in pre-market trading.
- Berenberg downgraded Intercontinental Exchange Inc (NYSE:ICE) from Buy to Hold. Intercontinental Exchange shares rose 0.21 percent to close at $81.39 on Monday.
- Macquarie downgraded JD.Com Inc (NASDAQ:JD) from Outperform to Neutral. JD.com shares fell 3 percent to $20.49 in pre-market trading.
- Raymond James downgraded Spectrum Brands Holdings, Inc. (NYSE:SPB) from Outperform to Market Perform. Spectrum Brands shares fell 19.04 percent to close at $48.05 on Monday.
- Argus downgraded Marriott International Inc (NASDAQ:MAR) from Buy to Hold. Marriott shares fell 1.2 percent to $115.05 in pre-market trading.
- Goldman Sachs downgraded Cabot Oil & Gas Corporation (NYSE:COG) from Buy to Neutral. Cabot Oil shares fell 3.1 percent to $25.00 in pre-market trading.
- Needham downgraded Ciena Corporation (NYSE:CIEN) from Buy to Hold. Ciena shares fell 6.8 percent to $30.26 in pre-market trading.
- Susquehanna downgraded Western Digital Corp (NASDAQ:WDC) from Positive to Neutral. Western Digital shares fell 5 percent to $42.85 in pre-market trading.
Top Initiations
- Analysts at RBC Capital initiated coverage on Servicemaster Global Holdings Inc (NYSE:SERV) with a Sector Perform rating. The price target for Servicemaster Global is set to $46. Servicemaster Global shares closed at $41.87 on Monday.
- Stephens & Co. initiated coverage on A. O. Smith Corp (NYSE:AOS) with an Equal-Weight rating. The price target for A. O. Smith is set to $50. A. O. Smith shares closed at $45.64 on Monday.
- RBC Capital initiated coverage on Cintas Corporation (NASDAQ:CTAS) with an Outperform rating. The price target for Cintas is set to $215. Cintas shares closed at $179.58 on Monday.
- Analysts at B. Riley FBR initiated coverage on Ranger Energy Services Inc (NYSE:RNGR) with a Buy rating. The price target for Ranger Energy is set to $10. Ranger Energy closed at $7.50 on Monday.
- Stephens & Co. initiated coverage on AMETEK, Inc. (NYSE:AME) with an Overweight rating. The price target for AMETEK is set to $87. AMETEK closed at $72.60 on Monday.
- Berenberg initiated coverage on Synopsys, Inc. (NASDAQ:SNPS) with a Buy rating. The price target for Synopsys is set to $119. Synopsys closed at $85.71 on Monday.
- Analysts at RBC Capital initiated coverage on ADT Inc (NYSE:ADT) with an Outperform rating. The price target for ADT is set to $12. ADT shares closed at $7.68 on Monday.
- Jefferies initiated coverage on Cognizant Technology Solutions Corp (NASDAQ:CTSH) with a Hold rating. The price target for Cognizant Tech is set to $70. Cognizant Tech shares closed at $69.21 on Monday.
- PiperJaffray initiated coverage on One Group Hospitality Inc (NASDAQ:STKS) with an Overweight rating. The price target for One Group Hospitality is set to $4. One Group Hospitality shares closed at $2.81 on Monday.
- Stephens & Co. initiated coverage on Eaton Corporation PLC (NYSE:ETN) with an Overweight rating. The price target for Eaton is set to $96. Eaton shares closed at $73.48 on Monday.
Correction: This article previously said Raymond James upgraded Fortinet Inc (NASDAQ:FTNT) from Market Perform to Outperform. This was incorrect. Raymand James did not upgrade Fortinet.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.