DigitalBridge downgraded, Commvault initiated: Wall Street's top analyst calls

Top Downgrades:

• RBC Capital downgraded DigitalBridge (DBRG) to Sector Perform from Outperform with a terms people of $16, down from $23, aft SoftBank (SFTBY) announced the acquisition of DigitalBridge successful an all-cash connection for $16 per share, representing a full endeavor worth of $4B. B. Riley and TD Cowen besides downgraded the banal to Neutral-equivalent ratings.

• Jefferies downgraded Mereo BioPharma (MREO) to Hold from Buy with a terms people of 50c, down from $7. Setrusumab missed connected its superior endpoint successful some the ORBIT and COSMIC trials, sending shares of Mereo and Ultragenyx (RARE) down sharply, the steadfast tells investors successful a probe note. The steadfast thinks Ultragenyx tin rebound successful 2026 arsenic investors presumption for their Phase III Angelman readout, though the go-forward strategy for Mereo is riskier with the pipeline dependency remaining connected a imaginable EUE way and request for alvelestat partnership.

Top Initiations:

• Stephens initiated sum of Commvault (CVLT) with an Overweight standing and $162 terms target. Commvault is an established marketplace person successfully evolving to code modern information extortion opportunities, and is executing a dual modulation modernizing its level and shifting its concern exemplary towards Software-as-a-Service, the steadfast tells investors successful a probe note.

• Stephens initiated sum of Rubrik (RBRK) with an Overweight standing and $105 terms target. The steadfast said Rubrik has an charismatic maturation outlook successful information extortion and information security, and its borderline enlargement is expected to complement top-line growth.

• Stephens initiated sum of Varonis (VRNS) with an Equal Weight standing and $40 terms target. The institution has an charismatic maturation outlook for information information driven by almighty secular trends and is an established marketplace person present operating arsenic a Software-as-a-Service-first information information platform, the steadfast says.

• Freedom Capital initiated sum of Ero Copper (ERO) with a Buy standing and $32 terms target. The steadfast says the institution has a high-grade, low-cost plus portfolio concentrated successful Brazil, which is known for mining-friendly regulations and affluent mineral endowment.

• H.C. Wainwright initiated sum of Terra Innovatum (NKLR) with a Buy standing and $25 terms target. The steadfast believes the company's usage of off-the-shelf components with established proviso chains should "significantly reduce" the regulatory and technological barriers typically faced by precocious atomic reactor developers.