Upgrade for Shopify and downgrades for AMD and Paramount based on analyst ratings

From Investing.com: 2024-06-16 03:42:33

Investing.com provides a Pro Recap of Wall Street analyst ratings. AMD was downgraded by Morgan Stanley due to high AI expectations. JPMorgan downgraded Cleveland-Cliffs based on capex needs and auto market challenges. Wells Fargo downgraded Paramount Global citing industry challenges. Baird initiated coverage on Mereo BioPharma at Outperform. Evercore upgraded Shopify to Outperform with a positive outlook. Stocks reacted accordingly to the news.



Read more at Investing.com: Upgrade for Shopify; downgrades for AMD, Paramount By Investing.com