Each morning, we compile a selection of analysts’ recommendations. This list includes companies that have experienced a change in opinion or price target, or have come under new coverage. The list may be updated during the session, providing insights into stock movements or market sentiment towards a company.

Devon Energy Corporation (DVN)

• Analyst: Gerdes Energy Research LLC
• Action: Upgrade from Neutral to Buy
• Target Price: Increased to USD 60
• Details: Gerdes Energy Research LLC has upgraded Devon Energy Corporation to a Buy, reflecting positive sentiment towards the company’s growth prospects and valuation. The target price has been set at USD 60, indicating confidence in the stock’s potential upside.

Ecolab Inc. (ECL)

• Analyst: Evercore ISI
• Action: Maintains In-Line Recommendation
• Target Price: Raised from USD 195 to USD 250
• Details: Evercore ISI continues to rate Ecolab Inc. as In-Line but has significantly raised the target price to USD 250. This adjustment suggests improved expectations for the company’s performance and market position.

Quest Diagnostics Incorporated (DGX)

• Analyst: Argus Research Company
• Action: Maintains Buy Recommendation
• Target Price: Raised from USD 163 to USD 215
• Details: Argus Research Company reaffirms its Buy recommendation for Quest Diagnostics and raises the target price to USD 215. This increase indicates a strong outlook for the company’s growth and profitability.

Texas Instruments Incorporated (TXN)

• Analyst: Wells Fargo
• Action: Initiates Underweight Recommendation
• Target Price: USD 150
• Details: Wells Fargo has initiated coverage on Texas Instruments with an Underweight rating and a target price of USD 150. This cautious stance reflects concerns about the company’s valuation and competitive position in the semiconductor industry.

Stryker Corporation (SYK)

• Analyst: Mirae Asset Securities
• Action: Initiates Trading Buy Recommendation
• Target Price: USD 374
• Details: Mirae Asset Securities has begun coverage on Stryker Corporation with a Trading Buy recommendation and a target price of USD 374. This suggests optimism about the company’s market potential and strategic initiatives.

Cisco Systems, Inc. (CSCO)

• Analyst: Wells Fargo
• Action: Maintains Equalweight Recommendation
• Target Price: Raised from USD 52 to USD 57
• Details: Wells Fargo maintains its Equalweight rating on Cisco but raises the target price to USD 57. The adjustment reflects a more favorable outlook on Cisco’s future earnings and market share.

Intuitive Surgical, Inc. (ISRG)

• Analyst: Mirae Asset Securities
• Action: Initiates Trading Buy Recommendation
• Target Price: USD 443
• Details: Mirae Asset Securities initiates coverage on Intuitive Surgical with a Trading Buy rating and a target price of USD 443, indicating a positive view on the company’s innovative technologies and growth trajectory.

Shopify Inc. (SHOP)

• Analyst: Daiwa Securities
• Action: Maintains Outperform Recommendation
• Target Price: Reduced from USD 90 to USD 70
• Details: Daiwa Securities maintains its Outperform rating on Shopify but reduces the target price to USD 70. This downgrade reflects revised expectations for the company’s near-term revenue growth and profitability.

Stay tuned for further updates and insights as we continue to monitor market trends and analyst recommendations throughout the trading session.