Amazon (NASDAQ: AMZN) Downgraded by Raymond James
What Happened? Raymond James downgraded Amazon to Outperform with a $195 price target due to concerns over rising EBIT risks and macro uncertainties, particularly from its expansion in supply chain and logistics.
Key Points:
The firm believes Amazon’s AI ambitions may be underperforming in terms of monetization.
The downgrade suggests a shift to companies with clearer returns like Meta (META), Uber (UBER), and MercadoLibre (MELI).
Verra Mobility (NASDAQ: VRRM) Upgraded by Baird
What Happened? Baird upgraded Verra Mobility to Outperform with a $27 price target due to its resilient business model in commercial, government, and parking segments.
Key Points:
Macro tailwinds, such as lower interest rates and favorable FX trends, support Verra’s growth.
Despite some concerns over leverage and headwinds in travel, the company’s competitive position and stable growth outlook make it a strong pick.
Cava Group (NYSE: CAVA) Upgraded by Bernstein SocGen
What Happened? Cava received an Outperform upgrade with a $115 price target after its 30% YTD pullback was seen as a mispricing.
Key Points:
Cava’s fundamentals remain strong, with impressive margins and the potential for unit expansion.
The firm sees Cava benefiting from its high-income consumer base and resilient growth trajectory, even amid broader market uncertainty.
Utz Brands (NYSE: UTZ) Upgraded by DA Davidson
What Happened? DA Davidson upgraded Utz Brands to Buy with a $68 price target, citing strong momentum and undervaluation.
Key Points:
The company’s share in salty snacks has firmed up, and its supply chain transformation is delivering strong results.
UTZ’s valuation gap compared to peers presents a rare opportunity for upside.
Philip Morris International (NYSE: PM) Upgraded by UBS
What Happened? UBS upgraded Philip Morris to Neutral with a $170 price target, following strong 1Q25 performance and raised FY25 EPS guidance.
Key Points:
The upgrade reflects confidence in PMI’s momentum, robust margins from its Smoke-Free product lines, and FX benefits.
The company’s ability to generate high single-digit EPS growth in a challenging macro environment justifies the positive outlook.
Investors can monitor updated analyst sentiment via the Price Target Summary API, which reflects changing expectations in real-time.
