US Top Rating Updates on 9/27: LCID, SNOW, PLD, H and More

UBS analyst Thomas Wadewitz downgraded $CSX Corp(CSX.US)$ to Neutral from Buy with a price target of $31, down from $38, as part of a broader research note on U.S. Railroads. With the macro backdrop deteriorating, consensus 2023 EPS estimates appear too high for the U.S. rails, the analyst tells investors in a research note.

Goldman Sachs analyst Bonnie Herzog downgraded $Keurig Dr Pepper(KDP.US)$ to Neutral from Buy with a price target of $37, down from $39. The company continues to execute well in a challenging environment but the stock's risk/reward is more balanced at current levels, Herzog tells investors in a research note.

Alliance Global Partners analyst Brian Kinstlinger upgraded $Perficient(PRFT.US)$ to Buy from Neutral with a price target of $85, down from $100. Although the analyst expects the company's revenue growth will slow, he still sees double-digit organic revenue growth "given the still solid demand for digital transformation services."