Analysts issued several notable calls on Thursday, including BMO’s initiation of Astera Labs at “outperform” with a $375 target price, citing its leadership in AI infrastructure. Morgan Stanley downgraded Cisco to “equal weight,” citing valuation concerns and the risk of pull-forward ahead of price increases, while Deutsche Bank upgraded JetBlue and Frontier to “buy.” Other notable moves included Dollar Tree, downgraded to “hold,” Nike, downgraded to “sell” with a $29 target, Circle, upgraded to “buy,” and LabCorp, upgraded to “buy” with its target raised to $410. Raymond James reiterated strong buys on SpaceX and Nvidia, while William Blair upgraded First Solar to “outperform” following the elections.
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