US Top Rating Updates on 8/19: HPQ, SNOW, NDAQ, ZTO and more

BMO Capital analyst John Kim downgraded $UDR Inc(UDR.US)$ to Market Perform from Outperform with an unchanged price target of $54. UDR is a "high-quality company," but its 2023 revenue set-up and demand profile are both in-line with sector averages, Kim tells investors in a research note. The company has a below average loss-to-lease of 10%, adds the analyst.

UBS analyst Andrew Mok upgraded $DaVita(DVA.US)$ to Buy from Neutral with a price target of $117, up from $106, after assuming coverage of the name. The shares offer a favorable risk/reward, which skews 2-to-1 to the upside, Mok tells investors in a research note.

Loop Capital analyst Jeffrey Stevenson initiated coverage of $Topbuild(BLD.US)$ with a Hold rating and $220 price target. A lag in new residential construction is offsetting the company's recent expansion into commercial and industrial end markets, the analyst tells investors in a research note.