Here are Wednesday's biggest calls on Wall Street: Deutsche Bank upgrades Moderna to hold from sell Deutsche Bank said it sees a more balanced risk/reward for Moderna shares. "a more troublesome Winter's Tale, but up to Hold." BTIG upgrades TrueCar to buy from neutral BTIG said it's bullish on shares of the automotive pricing internet company.
"We are upgrading TRUE shares to BUY from Neutral with a $3.75 PT." Seaport upgrades Sphere to buy from neutral Seaport said the Las Vegas entertainment company has an attractive entry point.
" Sphere Entertainment is another preferred experience economy stock that has gone on sale during the market drawdown." Baird upgrades Builders First Source to outperform from neutral Baird said the building materials company is well positioned. "With guidance reset and key headwinds/overhangs (multi-family sales/margin normalization and downsizing of single-family starts) set to fade in 2025, we see a good setup for BLDR.
" Barclays downgrades retail to neutral from positive Barclays downgraded the sector due to "promos suggest weakening demand." "We downgrade Retail to Neutral from Positive on erosion of inventory margin recapture as promos intensify and demand weakens." TD Cowen downgrades Molson Coors to hold from buy TD Cowen said the beer marker is losing share gains.
"We downgrade Molson Coors to Hold and lower our PT to $58." Wells Fargo downgrades Amgen to equal weight from overweight Wells said in its downgrade of Amgen that the thesis has.