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Wells Fargo upgrades this cloud security giant, sees upside of 28% ahead

CNBC: Investing

The bank upgraded shares of the cloud security stock to an overweight rating from equal weight. Analyst Andrew Nowinski simultaneously hiked his price target to $385 from $260. "If Zscaler can reach $5B in ARR over the next ~2.5 years (by FY27), we believe shares will begin to trade at parity with CRWD."

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BMO Capital Markets upgrades Oracle to outperform following earnings blowout

CNBC: Investing

The bank upgraded the cloud computing stock to an outperform rating from market perform. "We believe that software growth, including database, can improve, which will help mitigate margin/mix impact over time."

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People Moves Monday: Peel Hunt, Redburn Atlantic, RBC Capital Markets, Citi, and more…

The TRADE

Prior to Panmure Gordon, McCormack has also previously served at RBS, ABN AMRO, Shore Capital, HSBC Securities and GNI. RBC Capital Markets RBC Capital Markets has appointed Ralph Boumalham as director and head of European leveraged loan trading, according to a memo seen by The TRADE.

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BlackRock and Citadel Securities back new Texas-based challenger exchange

The TRADE

BlackRock and Citadel Securities have moved to support a new Texas-based contender exchange headquartered in Dallas. The new exchange is now setting out plans to file for registration with the US Securities and Exchanges Commission (SEC). Citadel Securities had not responded to a request for comment at the time of publishing.

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Securities industry rallies hard against ESMA’s progressive settlement penalties suggestion

The TRADE

The European Securities and Markets Authority (ESMA) published a consultation paper in December 2023 on the CSDR penalty regime seeking input on amendments which may include cash penalties that increase with the length of the settlement fail. On the latter, some associations felt the proposal would make Europe a less attractive market.

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People Moves Monday: Investec, BMO Capital Markets and BNP Paribas AM

The TRADE

He originally joined Liberum eight months ago from Numis Securities – now Deutsche Numis, following its acquisition by the bank last year. Joe Wald, BMO Capital Markets’ managing director and co-head of electronic trading left the bank, departing after four years in his most recent role, according to an update on his social media.

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Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Oracle, Amazon, Netflix, CoreWeave, JPMorgan, & more

CNBC: Investing

" Raymond James upgrades Parsons to strong buy from market perform Raymond James double upgraded the defense and national security company and says it's a nuclear beneficiary. "Initiate coverage of Vital Farms with an Outperform rating and $45 PT."

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