SA analyst upgrades/downgrades: TSLA, MRNA, AVGO, CAG

[Close-up of woman trading stock online on mobile phone]
Luis Alvarez

Recent analyst actions have put the spotlight on significant upgrades and downgrades. Among the upgrades, Broadcom (NASDAQ:AVGO [https://seekingalpha.com/symbol/AVGO]) and Conagra Brands (NYSE:CAG [https://seekingalpha.com/symbol/CAG]) have attracted positive attention from analysts, signaling favorable prospects. Conversely, Moderna (NASDAQ:MRNA [https://seekingalpha.com/symbol/MRNA]) and Tesla (NASDAQ:TSLA [https://seekingalpha.com/symbol/TSLA]) have been downgraded, reflecting concerns over current market conditions and future projections.

UPGRADES

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Broadcom Inc. (NASDAQ:AVGO [https://seekingalpha.com/symbol/AVGO]): Upgrade to Buy by JR Research [https://seekingalpha.com/article/4829817-broadcom-openai-deal-is-a-true-game-changer-upgrade]. The analyst sees the new partnership deal with OpenAI as a transformative shift for Broadcom, potentially increasing its revenue significantly through 2029.

> _“With Broadcom's robust profitability and competitive moat in custom AI compute and networking as anchors, I think the size of this deal has substantiated the extent of its TAM, which wasn't fully appreciated previously.”_

*
Conagra Brands, Inc. (NYSE:CAG [https://seekingalpha.com/symbol/CAG]): Upgrade to Buy by IWA Research [https://seekingalpha.com/article/4829971-conagra-brands-stock-upgrading-buy-valuation-yield-become-compelling]. This upgrade is driven by Conagra’s efforts in debt reduction, portfolio rebalancing, and a strong dividend yield that make its valuation compelling despite macroeconomic challenges.

> _“With shares trading below intrinsic value and a recovery likely if conditions improve, the risk/reward profile now favors a long position in CAG. The stock seems to be trading at a point where the reward is worth it.”_

DOWNGRADES

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Moderna, Inc. (NASDAQ:MRNA [https://seekingalpha.com/symbol/MRNA]): Downgrade from Buy to Hold by Edmund Ingham [https://seekingalpha.com/article/4829923-moderna-q3-earnings-preview-i-fear-a-halloween-horror-show-downgrade]. The analyst expresses concern over the company’s significant reliance on COVID-related revenue amidst uncertain future pipeline achievements.

> _“The outlook is simply too uncertain for me to uphold my Buy rating ahead of Q3 earnings… It’s almost incredible to think that less than three years on from the end of the pandemic, a >$150bn market cap company is now worth only $10bn.”_

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Tesla, Inc. (NASDAQ:TSLA [https://seekingalpha.com/symbol/TSLA]): Downgrade from Hold to Sell by Louis Gerard [https://seekingalpha.com/article/4829844-tesla-why-you-should-sell-the-carmaker-rating-downgrade]. The analyst highlights Tesla’s disconnection from valuation fundamentals and its heavy reliance on CEO Elon Musk as significant risks.

> _“Now, with the valuation creeping ever higher, disconnected from any fundamentals, it makes the case for a downgrade… I downgrade Tesla to a Sell.”_

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