Research Calls I
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Upgrades:
- 3M (MMM) upgraded to Equal Weight from Underweight at Barclays; tgt raised to $107
- Adobe (ADBE) upgraded to Outperform from Neutral at KGI Securities
- Banco Bilbao Vizcaya Argentaria (BBVA) upgraded to Outperform from Mkt Perform at Keefe Bruyette
- Carvana (CVNA) upgraded to Neutral from Underweight at JP Morgan; tgt raised to $40
- CNX Resources (CNX) upgraded to Buy from Hold at Truist; tgt raised to $27
- Coca-Cola European Partners (CCEP) upgraded to Buy from Neutral at Goldman
- CyberArk (CYBR) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $250
- East West Banc (EWBC) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $76
- Fluence (FLNC) upgraded to Buy from Neutral at ROTH MKM; tgt raised to $31
- General Motors (GM) upgraded to Buy from Neutral at Mizuho; tgt raised to $42
- Hawaiian Holdings (HA) upgraded to Buy from Hold at Deutsche Bank; tgt raised to $16
- Incyte (INCY) upgraded to Buy from Neutral at Guggenheim; tgt $86
- Insulet (PODD) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $234
- Stewart Info (STC) upgraded to Buy from Neutral at BTIG Research; tgt $70
- Teleflex (TFX) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt $261
- YPF Soc. Anonima (YPF) upgraded to Neutral from Underweight at JP Morgan
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Downgrades:
- Alaska Air (ALK) downgraded to Mkt Perform from Strong Buy at Raymond James
- Alaska Air (ALK) downgraded to Hold from Buy at Deutsche Bank; tgt lowered to $44
- Alcon (ALC) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $65
- Allegion (ALLE) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $119
- Anheuser-Busch InBev (BUD) downgraded to Hold from Buy at Deutsche Bank
- Antero Resources (AR) downgraded to Hold from Buy at Truist; tgt lowered to $28
- Bayer AG (BAYRY) downgraded to Neutral from Buy at UBS
- Bilibili (BILI) downgraded to Neutral from Buy at UBS; tgt lowered to $13.20
- Citizens Financial Group (CFG) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt $31
- Equitrans Midstream (ETRN) downgraded to Peer Perform from Outperform at Wolfe Research
- Fisker (FSR) downgraded to In-line from Outperform at Evercore ISI; tgt lowered to $2
- Genesco (GCO) downgraded to Neutral from Buy at Seaport Research Partners
- Gentherm (THRM) downgraded to Hold from Buy at Argus
- Herc Holdings (HRI) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
- lululemon athletica (LULU) downgraded to Equal Weight from Overweight at Wells Fargo; tgt $445
- Sea Limited (SE) downgraded to Equal-Weight from Overweight at Morgan Stanley
- Swisscom (SCMWY) downgraded to Underweight from Neutral at JP Morgan
- United Rentals (URI) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
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Others:
- Arrowhead (ARWR) initiated with a Buy at BofA Securities; tgt $29
- Banc of California (BANC) initiated with a Hold at Truist; tgt $14
- Cable ONE (CABO) initiated with an Underperform at Exane BNP Paribas; tgt $418
- ChargePoint (CHPT) initiated with a Hold at HSBC Securities; tgt $2
- Copart (CPRT) initiated with a Hold at HSBC Securities; tgt $51
- DISH Network (DISH) initiated with an Underperform at Exane BNP Paribas; tgt $1
- Ford Motor (F) initiated with a Hold at HSBC Securities; tgt $11.30
- General Motors (GM) initiated with a Buy at HSBC Securities; tgt $41.30
- Glaukos (GKOS) initiated with an Equal-Weight at Morgan Stanley; tgt $65
- Goodyear Tire (GT) initiated with a Buy at HSBC Securities; tgt $16.80
- Hubbell (HUBB) initiated with an Equal Weight at Barclays; tgt $325
- Lantheus Holdings (LNTH) initiated with an Outperform at TD Cowen; tgt $100
- Pinduoduo (PDD) added to Goldman's APAC Conviction List-Directors' Cut
- QuantumScape Corporation (QS) initiated with a Reduce at HSBC Securities; tgt $4.70
- RxSight (RXST) initiated with an Overweight at Morgan Stanley; tgt $36
- STAAR Surgical (STAA) initiated with an Equal-Weight at Morgan Stanley; tgt $35
- Taiwan Semiconductor Manufacturing (TSM) added to Goldman's APAC Conviction List-Directors' Cut
- Tourmaline (TRML) resumed with a Buy at H.C. Wainwright; tgt $48
- Worthington Steel (WS) initiated with an Overweight at KeyBanc Capital Markets; tgt $29