Recent analyst actions include notable rating changes for Tyson Foods (NYSE:TSN), CoreWeave (NASDAQ:CRWV), Intel (NASDAQ:INTC), and the AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS). Seeking Alpha analysts placed upgrades on both TSN and CRWV while also tagging shares of INTC and MSOS with downgrades.
Upgrades
CoreWeave, Inc. (NASDAQ:CRWV): Upgrade from Hold to Speculative Buy by JR Research. The analyst sees substantial growth potential from CoreWeave’s expanding partnerships, including a $6.5B deal with OpenAI and a $14B multi-year agreement with Meta for access to Nvidia Blackwell GB300 systems.
- “I’m anticipating CRWV to successfully break out of the $150 resistance zone that also saw notable selling pressure previously. And surpassing that level could see CRWV attempt a further breakout to potentially re-test its previous zenith… While I may have missed upgrading the stock earlier in August, I think the current setup is still favorable for investors who have speculative capital to deploy.”
Tyson Foods, Inc. (NYSE:TSN): Upgrade to Buy from Hold by Seeking Profits. Despite recent underperformance in the stock price, the analyst sees attractive valuation and strong performance in non-beef segments, particularly in chicken and prepared foods.
- “Tyson has improved its balance sheet. With $929 million of free cash flow year to date, it has steadily reduced leverage. The company targets leverage of 2.0x or less and it ended Q3 at 2.1x. This is a dramatic improvement from two years ago, and with leverage largely achieved, Tyson has restarted repurchases for the first time in over two years… With balance sheet strength restored and buybacks set to ramp up, I view this as a compelling valuation.”
Downgrades
Intel Corporation (NASDAQ:INTC): Downgrade from Strong Buy to Hold by Cash Flow Venue. Despite positive developments including U.S. Government investment of $8.9B and Nvidia’s collaboration agreement, the analyst recommends caution as Intel’s current valuation exceeds the Nvidia deal price by 55%.
- “Based on the volatility we experienced throughout the last couple of years, I prefer to take such bright visions with a grain of salt. Yes, Nvidia is a major player in this field, and it’s hard to imagine it making investments with intentions/expectations of realizing losses in the future… Still, the Intel & Nvidia deal is supposed to happen with a $23.28 price per share. Currently, the stock price already exceeds that by nearly 55%.”
AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS): Downgrade by Melissa Tucker. Despite recent price surges on optimism around potential cannabis rescheduling, the analyst cites significant risks including regulatory delays, sector volatility, and high concentration in a few holdings.
- “The recent surge suggests that the market is expecting the good news to materialize; however, if it does not come to fruition or is further delayed, it could weigh on sentiment and send the sector lower… I still won’t consider the ETF, or even the sector, for a long-term investment since I expect fierce competition once rescheduling and federal legalization happen.”