247Wallst·2025-11-07 14:31Core Insights - Analysts at Stifel upgraded Penn Entertainment (NASDAQ: PENN) to a buy rating with a price target of $21 per share following the early termination of its sports betting agreement with ESPN [2][6] - Deutsche Bank upgraded Baidu (NASDAQ: BIDU) to a buy rating with a price target of $156, up from $88, citing AI as a key growth driver [5][7] - Bank of America reiterated a buy rating on Qualcomm (NASDAQ: QCOM) with a price target of $215, emphasizing its long-term benefits from the adoption of 3G-4G-5G technologies [8] Company-Specific Summaries Penn Entertainment - The company has mutually agreed to wind down its collaboration with ESPN, allowing it to refocus on its iCasino business and leverage its position as a leading regional retail casino operator [4][6] - The termination of the agreement is expected to provide a tailwind for future growth [6] Baidu - The upgrade by Deutsche Bank highlights the potential of Baidu's AI initiatives, including Baidu AI Cloud and intelligent search capabilities, as well as its chip subsidiary's positioning in the AI capital expenditure market [5][7] Qualcomm - Analysts believe Qualcomm will benefit from the global adoption of 3G-4G-5G technologies across smartphones, tablets, and machine-to-machine communications [8] Datadog - KeyBanc upgraded Datadog (NASDAQ: DDOG) to an overweight rating with a price target of $230, noting accelerated revenue growth excluding OpenAI and a renewed commitment from OpenAI [9]