
Notable analyst calls this week: PayPal, Rivian and Merck among top picks

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Morgan Stanley upgraded General Dynamics and L3Harris, downgrading Lockheed Martin, citing demand growth in aerospace and defense. PayPal was downgraded due to slow progress and competitive risks. KeyBanc adjusted ratings for software firms, downgrading ServiceNow and Adobe, while upgrading Akamai, Fastly, Asana, and ZoomInfo. Baird upgraded Rivian due to the R2 model launch. BMO upgraded Merck, anticipating resilience against patent cliffs. Jefferies upgraded Okta, seeing potential in identity management expansion.

