Analysts Upgrade Spotify and Lowe's While Downgrading FedEx and Micron on Valuation Concerns

According to Seeking Alpha, analysts recently adjusted ratings for four major U.S. stocks amid shifting market dynamics. Analyst The J Thesis upgraded Spotify (SPOT-US) from hold to buy following a 21% decline over the past six months, citing improved fundamentals and market positioning. Separately, analyst Kenio Fontes upgraded Lowe's Companies (LOW-US) from sell to hold after two years of bearish stance, noting that current valuations at 17.7x forward P/E now reflect economic headwinds.

On the downside, analyst Bay Area Ideas downgraded FedEx (FDX-US) from buy to hold as the stock surged over 70% since autumn, citing elevated valuations approaching multi-year highs alongside rising labor costs and competitive pressures. Analyst Andres Veurink made a more aggressive move, downgrading Micron Technology (MU-US) from strong buy to sell after a 150% two-month rally, warning that AI euphoria is peaking and long-term profitability pressures loom as memory supply is projected to rise 38% by 2030.