Analysts upgrade multiple stocks, including Formula One and Nvidia
Seaport upgraded Formula One to "buy" from "neutral," citing the stock's oversold status due to tariff concerns. The price targets are set at $91 and $96 for FWONA and FWONK, respectively. Morgan Stanley maintained its "overweight" rating on Nvidia ahead of its Global AI Conference, while Redburn Atlantic Equities initiated a "sell" rating on Reddit, highlighting vulnerabilities in its growth linked to Google Search. Deutsche Bank upgraded Sprouts to "buy" from "hold," encouraging investors to buy the dip. Wells Fargo also upgraded Genesis Energy to "overweight," citing visible growth potential.