US Top Rating Updates on 2/6: TMUS, IBM, PYPL, LYFT and More

Wells Fargo analyst Steven Cahall upgraded $Spotify Technology (SPOT.US)$ to Overweight from Equal Weight with a price target of $180, up from $121. The company's operating expenditure is demonstrating leverage as income losses improve, and it should break-even in Q1 of 2024, the analyst tells investors in a research note.

$PayPal (PYPL.US)$ slid more than 2% in pre-market trading after Raymond James downgraded the stock to market perform from outperform.

Atlantic Equities stepped away from its formerly bearish view of $Church & Dwight (CHD.US)$ on Monday, advising clients of easing headwinds into 2023. The upgrade from Underweight to Neutral notes that the company has seen sales declines and margin pressure on many key brands in recent years. However, the analysis suggests that these adverse impacts are nearing an inflection point.