US Top Rating Updates on 9/2: NVDA, CRM, DOW, CRWD and More

Daiwa analyst Louis Miscioscia downgraded $NVIDIA (NVDA.US)$ to Neutral from Outperform with a price target of $133, down from $215. The analyst questions why Nvidia "did not have a better understanding of the channel inventory level." Besides the unexpected "very weak" results, lower growth potential and China restrictions, "our next issue is high valuation, especially in this environment," Miscioscia tells investors in a research note.

Guggenheim analyst John DiFucci upgraded $Salesforce (CRM.US)$ to Neutral from Sell with an unchanged price target of $150, noting that the stock is down 20% since he initiated coverage on August 11 while the S&P 500 is down 7% over the same time frame.

JPMorgan analyst Jeffrey Zekauskas downgraded $Dow Inc (DOW.US)$ to Neutral from Overweight with a price target of $47, down from $60. Petrochemicals companies are "probably not the best places to put new money to work," Zekauskas tells investors in a research note.