Wall Street Analyst Ratings Update: Nvidia Downgrade and Various Sector Upgrades
A series of significant analyst shifts occurred this Wednesday, headlined by Baird downgrading Nvidia (NVDA) from outperform to neutral. The downgrade stems from concerns regarding 2027 data center forecast delays, supply issues, potential demand softening, and uncertainty surrounding CEO Jensen Huang's long-term tenure. In other sectors, several upgrades were issued, including Republic Services (RSG) by JPMorgan and Unilever (UL) by Deutsche Bank. In the semiconductor and AI infrastructure space, Jefferies initiated buy ratings on Teradyne (TER), FormFactor (FORM), and Corning (GLW), citing AI-driven demand for testing and fiber connectivity. Meanwhile, UBS maintained a neutral stance on Apple (AAPL) as iPhone wait times continue to trend lower globally.
Tickers: $AAPL $DRTS $FORM $GLW $MRCY $NVDA $RSG $TER $UL
Topics: Equity Research Market Sentiment Stock Analyst Ratings
Part of the story Wall Street Analyst Ratings Update: Nvidia Downgrade and Various Sector Upgrades (2 articles)