J.P. Morgan
July 1, 2026
Credit Calls
Daily UpdateEquitiesRates CreditConsumer DiscretionaryConsumer Staples
This report provides daily credit market updates, featuring sector initiations, upgrades for Home Depot and Tyson Foods, and analysis of current High Grade credit curve dynamics.
Key Takeaways
- 1.JPM initiated coverage on High Yield Lodging sector with an Underweight rating, citing tight trading levels and limited room for improvement.
- 2.Home Depot (HD) upgraded to Neutral from Underweight based on relative value and fundamentals despite a soft housing market.
- 3.Tyson Foods (TSN) upgraded to Neutral from Underweight due to resilient performance and defensive characteristics in the protein space.
Table of Contents
- Feature
- Strategy & Sector Commentary
- Analyst Certification
- Important Disclosures
- Other Disclosures
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Authors
Tarek Hamid
Securities
HDTSN
Themes
Credit Curve SteepeningHigh Yield Lodging OvervaluationRelative Value Rotation
Regions
North AmericaUnited States