Wall Street calls: Stifel upgrades DigitalOcean, Truist upgrades CoreWeave

According to CNBC, Stifel upgraded DigitalOcean to buy from hold and said to buy the dip in the stock after it fell about 30% from recent highs. Truist upgraded CoreWeave to buy from hold, saying the risk-reward is compelling and citing enterprise adoption of open models as support for broader medium-term demand. Elsewhere, BTIG initiated Philip Morris at buy, Bernstein initiated Affirm at outperform, Baird initiated Nebius at outperform with a $250 price target, and Benchmark initiated Digital Turbine at buy with a $15 price target. Baird also initiated CoreWeave at outperform with a $100 price target and DigitalOcean at outperform with a $165 price target. Roth Capital initiated Corsair Gaming at buy with a $15 price target, Morgan Stanley initiated Advanced Energy Industries at overweight, and Morgan Stanley downgraded Vornado Realty Trust to underweight from equal weight. Citi upgraded Fluence Energy to buy from neutral.