What To Watch Tuesday, April 11

1. EQT Corporation (EQT) was downgraded to hold from buy at Trueist Bank, with a $28 price target. Coterra Energy (CTRA)'s price target has been raised from $26 to $29 per share, according to the bank, on the assumption that the oil-and-gas producer will "significantly outperform" the broader market. Coterra is rated hold by Truist.

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2. A price target of $277 per share has been set by Barclays on Club holding Constellation Brands (STZ), despite maintaining a rating of overweight. Shares of STZ closed on Monday at $224.60 apiece, which is a considerable distance from the target. Additionally, Lincoln National (LNC) has been rated equal weight, with a $20 price target, down from $29 previously.

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3. According to JPMorgan, Netflix's new paid-sharing policy may pose a risk to the second quarter for Netflix (NFLX). The overweight rating and price target of $390 per share were maintained by the bank.

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4. Rang Resources (RRC) was upgraded by Wells Fargo from equal weight to overweight, and its price target was increased from $30 to $31. A weak gas price environment should allow RRC to outperform other gas players. Due to limited capital returns and weak cash flow generation, the bank downgraded Southwestern Energy (SWN) from equal weight to underweight, or sell.

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5. According to Guggenheim, Walt Disney (DIS) has moderated its growth at its parks and resorts, causing its price target to drop to $130 from $140. Monday's closing price for Disney shares was $100.81.

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6. A weak cloud demand has prompted Citi to reiterate neutral ratings for Intel (INTC) and AMD (AMD). The shipment of computer notebooks in March was up 41% from last month, 18% above Citi's forecast.

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7. The company said its price target for Club holding Nvidia (NVDA) was raised to $320 per share, up from $280. With the release of OpenAI's viral chatbot, ChatGPT, late last year, graphics processing units (GPUs) of the semiconductor firm have played a key role in the proliferation of artificial intelligence (AI).

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8. Humana (HUM) has raised its price target to $637 per share from $620. Morgan Stanley maintains an overweight rating on the stock, or buy. UnitedHealth (UNH) replaced Cigna (CI) as Morgan Stanley's top pick in the sector.

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9. Microsoft's (MSFT) Azure cloud business was lowered by UBS to a 1% growth rate amid slower economic growth, suggesting customers will continue to slash cloud spending. According to the bank, the stock is rated neutral and has a price target of $275.

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10. Although Tesla's prices have been slashed recently, Baird said Tesla is well-positioned to deal with economic headwinds despite its recent price decreases. A price target of $252 per share and an outperform rating were maintained.

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