Analysts Upgrade and Downgrade Major Stocks

Recent analyst calls reveal significant movements in the stock market, particularly for CrowdStrike, which has faced downgrades from multiple firms, including Guggenheim and Redburn Atlantic, following a global IT outage affecting Microsoft services. TD Cowen initiated a 'buy' rating for Procter & Gamble, citing its strong market share and pricing power. Morgan Stanley upgraded Skechers to overweight based on positive channel checks, while downgrading Under Armour due to negative survey results. In contrast, analysts maintained an 'outperform' rating for Apple and reiterated a positive outlook for Nvidia ahead of their earnings reports. Goldman Sachs initiated coverage on Talos Energy with a 'buy' rating, highlighting its strong oil mix and free cash flow. Overall, the S&P 500 closed lower amid these mixed analyst sentiments and market reactions to the CrowdStrike incident.