Jan. 8 at 1:14 PM
🏦 BofA Securities | Rating Moves
Full analysis here! It's free👉 @WOLF_WEALTH
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🔼 Upgrades
$APD: Underperform ➝ Neutral | PT
$275
• Valuation reset reduces downside risk
• Defensive name, limited near-term catalysts
$COIN: Neutral ➝ Buy | PT
$340
• Leverage to crypto volume recovery
• ETF + institutional participation tailwinds
🔽 Downgrades
$DLR: Buy ➝ Neutral | PT
$170 (from
$210)
• Valuation compression in data-center REITs
• Rates & funding costs remain a headwind
$SGML: Neutral ➝ Underperform | PT
$13
• Lithium price weakness
• Lower earnings visibility