US Top Rating Updates on 11/8: SQ, LYFT, ASML, SE and More
![US Top Rating Updates on 11/8: SQ, LYFT, ASML, SE and More](https://ussnsimg.moomoo.com/8565065881143896641.png/bigmoo)
Block Upgraded to Outperform From Neutral at Macquarie
Macquarie analyst Paul Golding upgraded $Block(SQ.US$ to Outperform from Neutral with a $100 price target. The shares have fallen 20% since the analyst's downgrade to Neutral in late July, a time he saw market risk and risk to consensus EBITDA as potential pitfalls in the coming periods.
Lyft Downgraded to In-Line From Outperform at Evercore ISI
Evercore ISI analyst Mark Mahaney downgraded $Lyft Inc(LYFT.US$ to In Line from Outperform with a price target of $18, down from $41. The analyst says the "weak growth" in Lyft's Q3 active riders is "very concerning" as is its acknowledged market share loss to $Uber Technologies(UBER.US$.
ASML Initiated With an Overweight at Morgan Stanley
Morgan Stanley analyst Lee Simpson initiated coverage of $ASML Holding(ASML.US$ with an Overweight rating and EUR 650 price target. ASML is more a defensive play within the cyclical semiconductor industry, Simpson tells investors in a research note. He says ASML is a high-quality semi-cap equipment name that dominates the lithography system supply to chipmakers worldwide.
Source: Seeking Alpha, The Fly
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