Jefferies upgrades Core Natural Resources to buy from hold Jefferies said in its upgrade of the energy company that coal is making a comeback. "The outlook for thermal coal in the US is improving due to power demand growth, in part for data centers. This justifies higher volume assumptions for US producers leading to higher long-term EBITDA and FCF forecasts. It also justifies higher equity valuations as terminal values are no longer zero. We reiterate our Buy rating on BTU and upgrade CNR from Hold to Buy." Citi reiterates Oracle as buy Citi raised its price target to $415 per share from $395. "After a historic Q1, ORCL shares have traded off 10%+ from recent highs on concerns around quality of backlog, profitability concerns following a slew of press reports and broader AI bubble/circularity concerns." Read more. Jefferies reiterates Caterpillar as buy Jefferies said the construction equipment company is well positioned for data centers.