U.S. stocks have fallen this week and Thursday’s jobs data was putting pressure on the S&P and NASDAQ futures. With rate cuts by the Federal Reserve looking imminent, long-term investors and short-term traders alike are looking for new ideas ahead of the cuts. Tactical Bulls is continually on the hunt for some of those new ideas inside the daily flow of Wall Street research reports.

Each morning’s new analyst upgrades and downgrades can be one of the potential sources for finding new ideas that might have otherwise been overlooked or missed. Long-term investors get a picture of new buy, sell and hold ratings. Traders get a glimpse of short-term reactions to news and to the analyst calls.

Tactical Bulls always reminds its readers and all investors that no single analyst report should ever be used as the sole reason to buy or sell a stock. The decision to buy, sell or hold needs to be made by each investor along with their financial advisor.

These are some of the top analyst upgrades and downgrades seen on Thursday, September 5, 2024.

ATI Inc. (NYYSE:ATI) was started with a Positive rating and a $75 price target (versus $59.79 prior close) at Susquehanna.

Azul S.A. (NYSE: AZUL) was downgraded to Hold from Buy with a $2.70 price target (versus $2.56 prior close) at HSBC.

Bath & Body Works (NYSE: BBWI) was maintained as Overweight and its price target was cut to $51 from $56 (versus $29.51 prior close) at Morgan Stanley.

Box, Inc. (NYSE: BOX) was maintained as Equal-Weight and its price target was raised to $33 from $30 (versus $32.87 prior close) at Morgan Stanley.

Celanese Corporation (NYSE: CE) was downgraded to Neutral from Overweight and its price target was cut to $150 from $180 (versus $124.31 prior close) at Piper Sandler.

ChargePoint Holdings, Inc. (NYSE: CHPT) was maintained as Buy but its price target was cut to $2 from $3 at Needham & Co. ChargePoint was indicated lower by over 7% at $1.56 on Thursday.

Comerica Inc. (NYSE: CMA) was raised to Outperform from Market and its price target was raised to $69 from $50 (versus $54.83 prior close) at Keefe Bruyette & Woods.

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) was maintained as Outperform but its target price was cut to $327 from $334 at Bernstein. CrowdStrike closed down 2.7% at $259.32 on Wednesday.

C3.ai, Inc. (NYSE: AI) closed down 1.88% at $23.01 on Wednesday but was indicated down 19% at $18.58 in the post-earnings reaction showing weak subscription revenues. C3.ai was maintained as Underweight and its price target as cut to $21 from $23 at Morgan Stanley.

Couchbase, Inc. (NASDAQ: BASE) was maintained as Outperform but its price target was cut to $27 from $32 (versus $18.99 prior close) at R.W. Baird. Couchbase’s shares were indicated down 11% at $16.90 in the post-earnings reaction on Thursday morning.

Dollar Tree, Inc. (NASDAQ: DLTR) fell over 22% to $63.56 after its earnings and guidance. Dollar Tree was maintained at Neutral but its target was slashed to $67 from $112 at Piper Sandler. Dollar Tree was downgraded to Market Perform from Outperform and its target was slashed to $68 from $130 at BMO Capital Markets. KeyBanc Capital Markets maintained its Overweight rating but slashed its price target down to $84 from $145.

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JFrog Ltd. (NASDAQ: FROG) was reiterated as Buy and its target price was raised to $33 from $30 at Needham & Co. JFrog closed up 8.6% at $28.61 on Wednesday and Thursday’s indication was up 2.8% at $29.40.

Moody’s Corporation (NYSE: MCO) was reiterated as Equal-Weight but its target price was raised to $451 from $420 (versus $484.49 prior close) at Morgan Stanley.

Novartis AG (NYSE: NVS) was downgraded to Neutral from By at Goldman Sachs, but its price target was raised to $121 from $119 in the call. Novartis ADSs closed at $119.38 ahead of the call and it was indicated down 1.7% at $117.35 after the call.

On Holding AG (NYSE: ONON) was started with a Hold rating and was assigned a $52 price target (versus $45.70 prior close) at HSBC.

PagSeguro Digital Ltd. NYSE: PAGS) was downgraded to Underweight from Equal Weight and its price target was cut to $6.50 from $14.00 (versus $10.60 prior close) at Morgan Stanley.

RB Global, Inc. (NYSE: RBA) was started with an Outperform rating and was assigned a $105 price target at BMO Capital Markets. RB Global was indicated up 3% at $86.75 after the call on Thursday.

S&P Global Inc. (NYSE: SPGI) was reiterated as Overweight and its target price was raised to $564 from $530 (versus $513.31 prior close) at Morgan Stanley.

Sprinklr, Inc. (NYSE: CXM) was maintained as Equal-Weight and its price target was cut to $10 from $12 (versus $8.59 prior close) at Morgan Stanley. KeyBanc Capital Markets maintained its Overweight rating and lowered its target to $12 from $16.

Starwood Property Trust, Inc. (NYSE: STWD) was raised to Outperform from Market Perform and its price target was raised to $22.50 from $20.50 at Keefe Bruyette & Woods.

StoneCo Ltd. (NASDAQ: STNE) was downgraded to Underweight from Equal-Weight and its price target was cut to $7 from $16.50 (versus $12.61 prior close) at Morgan Stanley.

If you missed Wednesday’s Top Analyst Calls they were in shares of Altria, Boyd, GitLab, Live Nation, OneStream, PagerDuty, Zscaler and many more stocks.