Research Calls I
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Upgrades:
- Duke Energy (DUK) upgraded to Outperform from In-line at Evercore ISI; tgt raised to $108
- Enphase Energy (ENPH) upgraded to Buy from Hold at Truist; tgt raised to $145
- Sunnova Energy (NOVA) upgraded to Buy from Hold at Truist; tgt raised to $18
- Teva Pharma (TEVA) upgraded to Buy from Hold at Jefferies; tgt raised to $14
- Texas Roadhouse (TXRH) upgraded to Neutral from Underweight at JP Morgan; tgt $120
- Zuora (ZUO) upgraded to Buy from Neutral at Goldman; tgt raised to $12
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Downgrades:
- Alkami Technology (ALKT) downgraded to Neutral from Buy at Goldman; tgt raised to $27
- Bill.com (BILL) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $75
- Bloom Energy (BE) downgraded to Sell from Hold at Truist; tgt lowered to $9
- Bloomin' Brands (BLMN) downgraded to Neutral from Overweight at JP Morgan; tgt $26
- CenterPoint (CNP) downgraded to In-line from Outperform at Evercore ISI; tgt raised to $30
- Cheesecake Factory (CAKE) downgraded to Underweight from Neutral at JP Morgan; tgt $33
- Chevron (CVX) downgraded to Market Perform from Outperform at TD Cowen; tgt lowered to $150
- Coinbase Global (COIN) downgraded to Underweight from Neutral at JP Morgan; tgt $80
- Inhibrx (INBX) downgraded to Mkt Perform from Mkt Outperform at JMP Securities
- James Hardie (JHX) downgraded to Underperform from Neutral at BofA Securities; tgt $35.50
- Philip Morris International (PM) downgraded/assumed at Sell from Buy at UBS; tgt lowered to $86.50
- Regions Fincl (RF) downgraded to Hold from Buy at Argus
- Sirius XM (SIRI) downgraded to Underweight from Equal Weight at Wells Fargo; tgt lowered to $4.50
- Southwestern Energy (SWN) downgraded to Hold from Buy at Stifel; tgt lowered to $6.60
- Tractor Supply (TSCO) downgraded to Equal-Weight from Overweight at Stephens; tgt raised to $240
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Others:
- Advanced Micro (AMD) initiated with an Overweight at Cantor Fitzgerald; tgt $190
- Alcon (ALC) initiated with an Outperform at Bernstein; tgt $94.40
- Altria (MO) resumed with a Sell at UBS
- Analog Devices (ADI) initiated with a Neutral at Cantor Fitzgerald; tgt $205
- Apple (AAPL) added to BofA Securities' US 1 List
- Applied Materials (AMAT) initiated with a Neutral at Cantor Fitzgerald; tgt $180
- ASML (ASML) initiated with an Overweight at Cantor Fitzgerald
- AstraZeneca (AZN) initiated with an Overweight at Morgan Stanley; tgt $85
- British American Tobacco (BTI) resumed with a Neutral at UBS
- Broadcom (AVGO) initiated with an Overweight at Cantor Fitzgerald; tgt $1300
- CNH Industrial (CNHI) initiated with a Neutral at DA Davidson; tgt $13
- Covenant Logistics (CVLG) initiated with a Buy at Vertical Research; tgt $70
- flyExclusive (FLYX) initiated with a Buy at BTIG Research; tgt $9
- Flywire (FLYW) initiated with an Outperform at Oppenheimer; tgt $25
- GlaxoSmithKline (GSK) initiated with an Equal-Weight at Morgan Stanley; tgt $44
- GlobalFoundries (GFS) initiated with an Overweight at Cantor Fitzgerald; tgt $70
- Intel (INTC) initiated with a Neutral at Cantor Fitzgerald; tgt $50
- Imperial Brands (IMBBY) resumed with a Buy at UBS
- Intapp (INTA) initiated with a Buy at Citigroup; tgt $57
- Japan Tobacco (JAPAY) resumed with a Buy at UBS
- Jazz Pharma (JAZZ) removed from BofA Securities' US 1 List
- KLA Corporation (KLAC) initiated with a Neutral at Cantor Fitzgerald; tgt $625
- Lam Research (LRCX) initiated with a Neutral at Cantor Fitzgerald; tgt $830
- Marvell (MRVL) initiated with an Overweight at Cantor Fitzgerald; tgt $80
- MarketAxess (MKTX) resumed with an Outperform at William Blair
- Micron (MU) initiated with an Overweight at Cantor Fitzgerald; tgt $100
- Novartis AG (NVS) initiated with an Equal-Weight at Morgan Stanley; tgt $114
- Novo Nordisk A/S (NVO) initiated with an Overweight at Morgan Stanley; tgt $120
- NRG Energy (NRG) initiated with an Overweight at Wells Fargo; tgt $65
- NVIDIA (NVDA) initiated with an Overweight at Cantor Fitzgerald; tgt $775
- NXP Semi (NXPI) initiated with an Overweight at Cantor Fitzgerald; tgt $260
- Pyxis Oncology (PYXS) initiated with an Outperform at Leerink Partners; tgt $12
- Qualcomm (QCOM) initiated with a Neutral at Cantor Fitzgerald; tgt $150
- Safehold (SAFE) initiated with a Mkt Outperform at JMP Securities; tgt $35
- Sanofi (SNY) initiated with an Equal-Weight at Morgan Stanley; tgt $55
- Seagate Tech (STX) initiated with a Neutral at Cantor Fitzgerald; tgt $90
- Soleno Therapeutics (SLNO) initiated with a Buy at Stifel; tgt $63
- Spectral AI (MDAI) initiated with a Buy at BTIG Research; tgt $4
- Teradyne (TER) initiated with a Neutral at Cantor Fitzgerald; tgt $110
- Texas Instruments (TXN) initiated with a Neutral at Cantor Fitzgerald; tgt $180
- Timken (TKR) initiated with a Buy at DA Davidson; tgt $92
- TKO Group Holdings (TKO) added to Citigroup's North America Focus List
- Western Digital (WDC) initiated with an Overweight at Cantor Fitzgerald; tgt $70