Analyst recommendations: Qualcomm, Spotify, Walt Disney, Netflix, BP...

Every morning, find a selection of analysts' recommendations covering North America and the UK. The list only includes companies that have been the subject of a change of opinion or price target, or of a new coverage. It may be updated during the session. This information can be used to shed light on movements in certain stocks or on market sentiment towards a company.

• Kraft Heinz: Piper Sandler & Co downgrades to neutral from overweight with a price target reduced from USD 40 to USD 35.
• Qualcomm, Inc.: President Capital Management Corp downgrades to hold from buy with a target price reduced from USD 208 to USD 178.
• Quantumscape Corporation: HSBC upgrades to hold from reduce with a price target raised from USD 4.70 to USD 5.30.
• Walt Disney Company (The): Baptista Research upgrades to hold from buy with a price target raised from USD 111.40 to USD 127.
• Applovin Corporation: Citigroup maintains its buy recommendation and raises the target price from USD 185 to USD 335.
• Bellring Brands, Inc.: D.A. Davidson maintains a neutral recommendation with a price target raised from 62 to USD 75.
• Booking Holdings Inc.: Tigress Financial Partners maintains its strong buy recommendation and raises the target price from USD 4580 to USD 5600.
• Fortinet, Inc.: Piper Sandler & Co maintains a neutral recommendation with a price target raised from 80 to USD 100.
• Netflix, Inc.: Jefferies maintains its buy recommendation and raises the target price from USD 800 to USD 1000.
• Reddit, Inc.: Piper Sandler & Co maintains its overweight recommendation and raises the target price from USD 115 to USD 150.
• Spotify Technology S.a.: Baptista Research downgrades to underperform from hold with a price target raised from USD 364.30 to USD 457.20.
• United Airlines Holdings, Inc.: TD Cowen maintains its buy recommendation and raises the target price from USD 100 to USD 125.
• W.w. Grainger, Inc.: Morgan Stanley maintains its market weight recommendation and raises the target price from USD 990 to USD 1215.
• Wells Fargo & Company: Citigroup remains neutral recommendation with a price target raised from USD 67 to USD 82.
• BP Plc: AlphaValue/Baader Europe downgrades to reduce from buy with a price target reduced from GBX 527 to GBX 402.
• Diploma Plc: Shore Capital downgrades to hold from buy with a target price of GBX 4150.
• Severn Trent Plc: BNP Paribas Exane downgrades to neutral from outperform with a target price reduced from GBX 2796 to GBX 2750.
• United Utilities: BNP Paribas Exane upgrades to outperform from neutral with a target price raised from GBX 1091 to GBX 1250.
• The Bank Of Nova Scotia: Canaccord Genuity upgrades to buy from hold with a target price raised from CAD 71 to CAD 84.