Piper Sandler double upgrades Block, Arete slashes Trade Desk to Sell

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2▲2 ▼3Impact / 5
Summary · why it matters

Piper Sandler double upgraded Block to Overweight from Underweight and raised its price target to $100 from $58. Arete downgraded Trade Desk to Sell from Neutral with an $11.60 target. Other notable calls include Deutsche Bank upgrading Comcast to Buy, HSBC cutting Fortinet to Reduce, and Bank of America downgrading both Logitech and Scorpio Tankers to Underperform. New coverage was initiated on Klarna with a Market Perform at Citizens and on Visa with an Overweight at Piper Sandler.

Impact on assets 17

Digital Finance & Tokenization▲
Block, Inc
XYZ
▲ PositiveCapitalrelevance

Piper Sandler double upgraded Block to Overweight and raised price target to $100 from $58.

Klarna Group plc
KLAR
± MixedCapitalrelevance

Citizens initiated coverage on Klarna with Market Perform, a neutral rating.

Financials▲
Information Technology▼
Trade Desk Inc
TTD
▼ NegativeCapitalrelevance

Arete downgraded Trade Desk to Sell with an $11.60 target, a negative analyst rating change.

Artificial Intelligence▲
Cloud & Digital Infrastructure▲
Comcast Corp
CMCSA
▲ PositiveCapitalrelevance

Deutsche Bank upgraded Comcast to Buy, a positive analyst rating change.

Cybersecurity & Digital Trust▼
Fortinet Inc
FTNT
▼ NegativeCapitalrelevance

HSBC downgraded Fortinet to Reduce, a negative analyst rating change.

Industrials▲
Smart City / Autonomous Infrastructure▲
Semiconductors▲
Energy▲