>>> US : Brokers Upgrades & Downgrades - 13th of September 2023

Research Calls
  • Upgrades:
    • American Electric (AEP) upgraded to Neutral from Sell at Ladenburg Thalmann
    • General Motors (GM) upgraded to Buy from Neutral at UBS; tgt raised to $44
    • Immunocore (IMCR) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $22
    • Sealed Air (SEE) upgraded to Outperform from Neutral at Credit Suisse; tgt lowered to $47
    • UMB Financial Corporation (UMBF) upgraded to Overweight from Neutral at Piper Sandler; tgt $74
  • Downgrades:
    • ACELYRIN (SLRN) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt $19
    • Ball Corp (BALL) downgraded to Neutral from Outperform at Credit Suisse; tgt lowered to $58
    • O-I Glass (OI) downgraded to Neutral from Outperform at Credit Suisse; tgt raised to $22
    • Oracle (ORCL) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $100
    • Tapestry (TPR) downgraded to Neutral from Overweight at Redburn Atlantic; tgt $33
    • Ultrapar Participacoes (UGP) downgraded to Neutral from Buy at Goldman; tgt lowered to $4
  • Others:
    • Adient (ADNT) initiated with a Neutral at UBS; tgt $43
    • American Axle (AXL) initiated with a Neutral at UBS; tgt $9
    • Aptiv (APTV) initiated with a Buy at UBS; tgt $143
    • Ares Commercial Real Estate (ACRE) initiated with an Equal Weight at Wells Fargo; tgt $10
    • Atlantic Union Bankshares (AUB) initiated with an Overweight at Stephens; tgt $36
    • B&G Foods (BGS) initiated with an Underperform at TD Cowen; tgt $10
    • Beyond Meat (BYND) initiated with an Underperform at TD Cowen; tgt $10
    • BorgWarner (BWA) initiated with a Buy at UBS; tgt $52
    • Cactus (WHD) initiated with a Neutral at JP Morgan; tgt $60
    • Campbell Soup (CPB) initiated with a Market Perform at TD Cowen; tgt $45
    • Conagra (CAG) initiated with a Market Perform at TD Cowen; tgt $32
    • Charles River (CRL) initiated with a Market Perform at TD Cowen; tgt $212
    • Dana Inc (DAN) initiated with a Neutral at UBS; tgt $17
    • Expro Group (XPRO) initiated with an Overweight at JP Morgan; tgt $30
    • Ford Motor (F) initiated with a Buy at UBS; tgt $15
    • Fortinet (FTNT) initiated with an Overweight at CapitalOne; tgt $74
    • Freshpet (FRPT) initiated with an Outperform at TD Cowen; tgt $90
    • General Mills (GIS) initiated with a Market Perform at TD Cowen; tgt $70
    • Gorman-Rupp (GRC) initiated with a Buy at Northcoast; tgt $40
    • Hershey Foods (HSY) initiated with an Outperform at TD Cowen; tgt $250
    • Hostess Brands (TWNK) initiated with a Market Perform at TD Cowen; tgt $34
    • ICF International (ICFI) resumed with a Mkt Perform at William Blair
    • ICON plc (ICLR) initiated with an Outperform at TD Cowen; tgt $306
    • Lear (LEA) initiated with a Neutral at UBS; tgt $150
    • J.M. Smucker (SJM) initiated with an Outperform at TD Cowen; tgt $158
    • Kellogg (K) initiated with a Market Perform at TD Cowen; tgt $63
    • Kraft Heinz (KHC) initiated with a Market Perform at TD Cowen; tgt $35
    • Lamb Weston (LW) initiated with an Outperform at TD Cowen; tgt $125
    • Magna (MGA) initiated with a Neutral at UBS; tgt $63
    • McCormick (MKC) initiated with a Market Perform at TD Cowen; tgt $87
    • Mondelez Int'l (MDLZ) initiated with an Outperform at TD Cowen; tgt $82
    • Mobileye Global (MBLY) initiated with a Buy at UBS; tgt $48
    • NV5 Global (NVEE) initiated with an Outperform at William Blair
    • Redwire Corporation (RDW) initiated with a Buy at ROTH MKM; tgt $10
    • Rivian Automotive (RIVN) initiated with a Neutral at UBS; tgt $26
    • Seacoast Banking (SBCF) initiated with an Equal-Weight at Stephens; tgt $23
    • Sociedad Quimica y Minera (SQM) initiated with a Buy at Citigroup; tgt $85
    • Tesla (TSLA) initiated with a Neutral at UBS; tgt $290
    • Tetra Tech (TTEK) initiated with an Outperform at William Blair
    • TKO Group Holdings (TKO) initiated with a Buy at Guggenheim; tgt $130
    • Towne Bank (TOWN) initiated with an Equal-Weight at Stephens; tgt $23
    • TreeHouse Foods (THS) initiated with a Market Perform at TD Cowen; tgt $45
    • Utz Brands (UTZ) initiated with an Outperform at TD Cowen; tgt $18
    • Uranium Energy (UEC) initiated with a Speculative Buy at TD Securities; tgt $6
    • Veeco Instruments (VECO) initiated with a Buy at Citigroup; tgt $35
    • Visteon (VC) initiated with a Neutral at UBS; tgt $157
    • Vital Farms (VITL) initiated with a Market Perform at TD Cowen; tgt $13