KeyBanc upgraded Airbnb (ABNB) to Overweight from Sector Weight, assigning a $191 price target as analysts grow more confident in the company’s long-term trajectory.
The firm told investors that Airbnb’s core growth “appears to be increasingly durable and product-led” while its hotels bookings business is emerging as a “credible second growth engine.”
Daiwa upgraded Hewlett Packard Enterprise (HPE) to Outperform from Neutral, raising its price target to $75 from $65 following what it described as a “bullish” networking event hosted by the company.
HPE raised its multi-year revenue growth expectation for networking to high teens from a previous range of 5% to 7%, with operating margins also improving to the mid-to-high 20% range.
Rothschild and Co Redburn upgraded Abbott (ABT) to Buy from Neutral with a price target of $127, citing the company’s acquisition of Exact Sciences as a meaningful catalyst for diagnostics growth and margin improvement.
Goldman Sachs moved Cboe Global Markets (CBOE) to Neutral from Sell with a $300 price target, noting the shares have de-rated while near-term volume trends remain supportive of earnings upside.
On the downgrade side, Williams Trading cut Nike (NKE) to Hold from Buy, slashing its price target to $30 from $42 as concerns over the athletic giant’s turnaround deepened.
While Williams Trading said it continues to believe Nike is taking the “appropriate actions to right its business,” the firm acknowledged that the company’s problems are greater than previously believed.
RBC Capital downgraded Northrop Grumman (NOC) to Sector Perform from Outperform, reducing its price target sharply to $525 from $640 after Boeing (BA) was awarded the Navy’s sixth-generation fighter jet contract.
RBC noted that investors had placed a high probability on Northrop winning that contract, and the loss represented a significant blow to near-term growth expectations for the defense contractor.
Wells Fargo downgraded Pershing Square (PS) to Underweight from Equal Weight, citing concerns around the lack of clarity on future fundraising pace and a late October 2026 scheduled tripling of the public float.
Wells Fargo also downgraded Synaptics (SYNA) to Equal Weight from Overweight following an amended merger agreement with Onsemi (ON) after a third-party competing offer emerged, reducing its price target to $123 from $140.
Among initiations, FBN Securities began coverage of Datadog (DDOG) with an Outperform rating and a $325 price target, calling it “the category-leading AI-powered observability and security platform.”
FBN noted that Datadog has reported revenue above the top of its own guidance range in each of the last five consecutive quarters, underscoring the company’s consistent execution.
Cantor Fitzgerald initiated coverage of Veon (VEON) with an Overweight rating and a $112 price target, describing the company as shifting from digital transformation to value realization across its telecom distribution platform.
