🌎 Alibaba Group Downgraded, Cleveland-Cliffs Downgraded, ZoomInfo Technologies Downgraded and more…

🌎 Alibaba Group Downgraded, Cleveland-Cliffs Downgraded, ZoomInfo Technologies Downgraded…

February 8, 2024
by RJ Hamster

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February 8th, 2024

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Today’s Top Stories

Are these frigid Dow stocks in for a longer winter?

Walt Disney, Confluent rise; PayPal, O’Reilly Automotive fall, Thursday, 2/8/2024

Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation (Vector Vest)

Cirrus Logic: A chip stock you’re going to hear a lot more about

Czech central bank cuts interest rates for the second straight time to help economy

Archer Aviation’s sky-high progress and short interest

Turkey’s new central bank chief assures that work to combat inflation will press on

Wall Street Legend Warns “Mass Bank Run” is Coming (Chaikin Analytics)

Disney stock rising: The house of mouse is back!

China names a new stock regulator and reports new developer financing in a bid to soothe markets

UiPath’s AI bots can trigger its tipping point in 2024

Stock market today: Wall Street holds near record levels, with S&P 500 on precipice of 5,000

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Apple Inc. (AAPL)
- Apple Inc. (NASDAQ:AAPL) declared a quarterly dividend on Thursday, February 1st. Investors of record on Monday, February 12th will be given a dividend of 0.24 per share by the iPhone maker on Thursday, February 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Friday, February 9th.
- (2/8) I Edited Lightroom Photos on Apple Vision Pro Using My Eyes. It Works – CNET (news.google.com)
- (2/8) AR glasses with multimodal AI nets funding from Pokémon Go creator – TechCrunch (news.google.com)
- (2/8) Apple’s Holiday Quarter Broke Years-Long Streak Of Revenue Declines But China Slowdown Overshadowed Even Its Record Service Revenue(benzinga.com)
- (2/8) Cirrus Logic: A chip stock you’re going to hear a lot more about (AAPL)(marketbeat.com)
- (2/8) UPDATE 1-Spanish court suspends $209 mln Apple, Amazon fines pending appeal (finance.yahoo.com)
- (2/8) Apple Q1 Earnings Transcript (marketbeat.com)
- (2/8) AAPL Stock Forecast 2024: Why Apple Is a No-Brainer Buy for Investors(investorplace.com)
- (2/8) Sumitomo Mitsui DS Asset Management Company Ltd Purchases 60,162 Shares of Apple Inc. (NASDAQ:AAPL) (marketbeat.com)
- (2/8) Buy Now Or Wait? Apple’s Vision Pro Craze Sends Resale Prices Soaring To $5000 In Overseas Markets (benzinga.com)
- (2/7) Apple Is Playing It Cool In AI Race, But Top Fund Manager Says It May Be Priming To Lead Another ‘Revolution’ (msn.com)
Amazon.com, Inc. (AMZN)
Alphabet Inc. (GOOGL)
Meta Platforms, Inc. (META)
- CEO Mark Zuckerberg sold 34,398 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $457.52, for a total transaction of $15,737,772.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
- insider Jennifer Newstead sold 552 shares of Meta Platforms stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $464.00, for a total value of $256,128.00. Following the completion of the transaction, the insider now owns 34,168 shares of the company’s stock, valued at $15,853,952. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
- Meta Platforms saw some unusual options trading on Wednesday. Stock investors bought 515,526 call options on the stock. This is an increase of 32% compared to the average volume of 389,579 call options.
- (2/8) Meta Platforms challenges EU over content moderation law fees(tech.hindustantimes.com)
- (2/8) ‘Enshittification’ is coming for absolutely everything (ft.com)
- (2/8) Meta Platforms and Albemarle have been highlighted as Zacks Bull and Bear of the Day (finance.yahoo.com)
- (2/8) TikTok, Meta Sue EU Over Fees Owed Under Content Moderation Law(bloomberg.com)
- (2/8) Google, Facebook take bigger share of ad spending, but economic slowdown could hurt growth (marketbeat.com)
- (2/7) Meta discusses how to protect teens online (wsls.com)
- (2/7) Meta Platforms, Inc. (NASDAQ:META) Position Decreased by State of New Jersey Common Pension Fund D (marketbeat.com)
- (2/7) Meta will add AI labels to Facebook, Instagram, and Threads(zdnet.com)
- (2/7) Federal judge rules NMDOJ-Meta case will stay in state court (kob.com)
- (2/7) Meta Platforms Q4: Bullish Case Getting Weaker, Business Still Great(seekingalpha.com)
Microsoft Co. (MSFT)

Analysts’ Upgrades

Ally Financial (NYSE:ALLY) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $47.00 price target on the stock, up previously from $37.00. This represents a 31.5% upside from the current price of $35.75.
Criteo (NASDAQ:CRTO) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $41.00 price target on the stock, up previously from $28.00. This represents a 28.6% upside from the current price of $31.89.
Discover Financial Services (NYSE:DFS) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $133.00 price target on the stock, up previously from $105.00. This represents a 23.4% upside from the current price of $107.80.
Walt Disney (NYSE:DIS) was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $120.00 price target on the stock. This represents a 7.0% upside from the current price of $112.18.
Edgewell Personal Care (NYSE:EPC) was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $39.00 price target on the stock. This represents a 0.6% upside from the current price of $38.77.
IDEX (NYSE:IEX) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $265.00 price target on the stock, up previously from $215.00. This represents a 18.0% upside from the current price of $224.52.
Methanex (NASDAQ:MEOH) (TSE:MX) was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $60.00 price target on the stock, up previously from $51.00. This represents a 30.3% upside from the current price of $46.03.
MeridianLink (NYSE:MLNK) was upgraded by analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating.The current price is $18.75.
News (NASDAQ:NWSA) was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating.The current price is $25.90.
Omega Healthcare Investors (NYSE:OHI) was upgraded by analysts at BNP Paribas from an “underperform” rating to a “neutral” rating. They now have a $30.00 price target on the stock. This represents a 0.2% upside from the current price of $29.94.
Roblox (NYSE:RBLX) was upgraded by analysts at The Goldman Sachs Group, Inc. from a “sell” rating to a “neutral” rating. They now have a $48.00 price target on the stock, up previously from $35.00. This represents a 6.9% upside from the current price of $44.91.
Roblox (NYSE:RBLX) was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $46.00 price target on the stock, up previously from $26.00. This represents a 2.4% upside from the current price of $44.91.
Spirit AeroSystems (NYSE:SPR) was upgraded by analysts at TD Cowen from a “market perform” rating to an “outperform” rating. They now have a $35.00 price target on the stock, up previously from $27.00. This represents a 21.1% upside from the current price of $28.90.
View today’s most recent analysts’ upgrades at MarketBeat.com

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Analysts’ Downgrades

American Financial Group (NYSE:AFG) was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $129.00 price target on the stock. This represents a 7.8% upside from the current price of $119.62.
Air Products and Chemicals (NYSE:APD) was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $241.00 price target on the stock, down previously from $328.00. This represents a 10.0% upside from the current price of $219.12.
American Express (NYSE:AXP) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $222.00 price target on the stock, up previously from $212.00. This represents a 6.3% upside from the current price of $208.78.
AstraZeneca (NASDAQ:AZN) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “sell” rating.The current price is $63.05.
Alibaba Group (NYSE:BABA) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating. They now have a $85.40 price target on the stock, down previously from $88.50. This represents a 19.9% upside from the current price of $71.23.
Cleveland-Cliffs (NYSE:CLF) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.The current price is $19.21.
Equinor ASA (NYSE:EQNR) was downgraded by analysts at DZ Bank AG from a “buy” rating to a “hold” rating.The current price is $26.27.
Fortinet (NASDAQ:FTNT) was downgraded by analysts at DZ Bank AG from a “hold” rating to a “sell” rating. They now have a $60.00 price target on the stock. This represents a 12.2% downside from the current price of $68.34.
GoPro (NASDAQ:GPRO) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $2.00 price target on the stock, down previously from $4.00. This represents a 22.2% downside from the current price of $2.57.
Hertz Global (NASDAQ:HTZ) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $10.00 price target on the stock, down previously from $15.00. This represents a 20.9% upside from the current price of $8.27.
Envista (NYSE:NVST) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.The current price is $21.83.
New York Community Bancorp (NYSE:NYCB) was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $5.00 price target on the stock, down previously from $8.50. This represents a 15.2% upside from the current price of $4.34.
OneMain (NYSE:OMF) was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $49.00 price target on the stock, down previously from $55.00. This represents a 13.8% upside from the current price of $43.07.
Werner Enterprises (NASDAQ:WERN) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $42.00 price target on the stock, down previously from $45.00. This represents a 2.0% upside from the current price of $41.16.
Yield10 Bioscience (NASDAQ:YTEN) was downgraded by analysts at Lake Street Capital from a “buy” rating to a “hold” rating.The current price is $0.25.
ZoomInfo Technologies (NASDAQ:ZI) was downgraded by analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating. They now have a $13.00 price target on the stock, down previously from $20.00. This represents a 14.0% downside from the current price of $15.11.
View today’s most recent analysts’ downgrades at MarketBeat.com

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Analysts’ New Coverage

Agios Pharmaceuticals (NASDAQ:AGIO) is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating on the stock.The current price is $23.97.
Biodexa Pharmaceuticals (NASDAQ:BDRX) is now covered by analysts at LADENBURG THALM/SH SH. They set a “buy” rating and a $8.00 price target on the stock. This represents a 515.9% upside from the current price of $1.30.
Cogent Biosciences (NASDAQ:COGT) is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $11.00 price target on the stock. This represents a 76.8% upside from the current price of $6.22.
Torrid (NYSE:CURV) is now covered by analysts at B. Riley. They set a “buy” rating and a $7.00 price target on the stock. This represents a 40.6% upside from the current price of $4.98.
Cedar Fair (NYSE:FUN) is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $49.00 price target on the stock. This represents a 18.4% upside from the current price of $41.38.
Nextracker (NASDAQ:NXT) is now covered by analysts at Guggenheim. They set a “buy” rating and a $73.00 price target on the stock. This represents a 28.9% upside from the current price of $56.65.
PNM Resources (NYSE:PNM) is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $40.00 price target on the stock. This represents a 8.5% upside from the current price of $36.85.
Bio-Techne (NASDAQ:TECH) is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $80.00 price target on the stock. This represents a 18.2% upside from the current price of $67.70.
Tempest Therapeutics (NASDAQ:TPST) is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $15.00 price target on the stock. This represents a 244.0% upside from the current price of $4.36.
View today’s most recent analysts’ new coverage at MarketBeat.com

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🌎 Alibaba Group Downgraded, Cleveland-Cliffs Downgraded, ZoomInfo Technologies Downgraded and more…

🌎 Alibaba Group Downgraded, Cleveland-Cliffs Downgraded, ZoomInfo Technologies Downgraded…

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