Research Calls
- Upgrades:
- Air France-KLM (AFLYY) upgraded to Buy from Neutral at UBS
- Armstrong World Industries (AWI) upgraded to In-line from Underperform at Evercore ISI; tgt lowered to $80
- Carrier Global (CARR) upgraded to Buy from Neutral at Mizuho; tgt raised to $53
- Caterpillar (CAT) upgraded to Buy from Neutral at BofA Securities; tgt raised to $295
- Community Healthcare Trust (CHCT) upgraded to Buy from Neutral at Janney; tgt $44
- Copa Holdings (CPA) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $132
- Farmland Partners (FPI) upgraded to Buy from Neutral at Janney
- ICON plc (ICLR) upgraded to Overweight from Equal Weight at Barclays
- OrganiGram (OGI) upgraded to Buy from Hold at Stifel
- Pentair (PNR) upgraded to Buy from Neutral at Mizuho; tgt raised to $60
- Timken (TKR) upgraded to Buy from Neutral at BofA Securities; tgt raised to $87
- TransUnion (TRU) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $88
- Vulcan Materials (VMC) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $191
- Downgrades:
- Algonquin Power & Utilities (AQN) downgraded to Sell from Hold at Desjardins
- AutoNation (AN) downgraded to Equal Weight from Overweight at Wells Fargo; tgt $126
- AZZ (AZZ) downgraded to Hold from Buy at Stifel; tgt $48
- Casella Waste (CWST) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $81
- Corebridge Financial (CRBG) downgraded to Neutral from Outperform at Credit Suisse; tgt lowered to $23
- Costamare (CMRE) downgraded to Hold from Buy at Stifel; tgt lowered to $11
- Dream Finders Homes (DFH) downgraded to Underperform from Sector Perform at RBC Capital Mkts; tgt $8
- D.R. Horton (DHI) downgraded to Underperform from Sector Perform at RBC Capital Mkts; tgt raised to $76
- Evolution Mining (CAHPF) downgraded to Sell from Buy at Citigroup
- Fortinet (FTNT) downgraded to Neutral from Buy at BTIG Research
- Fortune Brands Innovations (FBIN) downgraded to Sector Perform from Outperform at RBC Capital; tgt raised to $63
- Gladstone Commercial (GOOD) downgraded to Neutral from Buy at Janney; tgt $17.50
- Hugo Boss AG (BOSSY) downgraded to Underperform from Neutral at BofA Securities
- Int'l Consolidated Airlines (ICAGY) downgraded to Neutral from Buy at UBS
- Jacobs Engineering (J) downgraded to Neutral from Buy at BofA Securities; tgt $137
- KB Home (KBH) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt $34
- Lennar (LEN) downgraded to Underperform from Sector Perform at RBC Capital Mkts; tgt lowered to $76
- Lithia Motors (LAD) downgraded to Equal Weight from Overweight at Wells Fargo; tgt raised to $233
- Lockheed Martin (LMT) downgraded to Sell from Neutral at Goldman; tgt lowered to $332
- Mosaic (MOS) downgraded to Underperform from Neutral at Exane BNP Paribas; tgt $42
- Masonite International (DOOR) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $89
- NN Group (NNGPF) downgraded to Hold from Buy at HSBC Securities
- Northrop Grumman (NOC) downgraded to Sell from Neutral at Goldman; tgt lowered to $375
- Polaris Industries (PII) downgraded to Neutral from Buy at Northcoast
- Raytheon Technologies (RTX) downgraded to Neutral from Conviction Buy at Goldman; tgt lowered to $105
- Shaw Comms (SJR) downgraded to Sector Perform from Sector Outperform at Scotiabank
- Syneos Health (SYNH) downgraded to Underweight from Overweight at Barclays; tgt $25
- Shaw Comms (SJR) downgraded to Hold from Buy at Desjardins
- Sunlight Financial (SUNL) downgraded to Neutral from Outperform at Credit Suisse; tgt lowered to $1.60
- Tesla (TSLA) downgraded to Sell from Neutral at Guggenheim
- Warner Music Group (WMG) downgraded to Neutral from Buy at Guggenheim; tgt $35
- Wendy's (WEN) downgraded to In-line from Outperform at Evercore ISI; tgt $25
- Others:
- Advantage Oil and Gas (AAV) resumed with a Buy at Stifel
- Aon (AON) initiated with an Outperform at Credit Suisse; tgt $363
- ARC Resources (AETUF) resumed with a Buy at Stifel
- Birchcliff Energy (BIREF) resumed with a Buy at Stifel
- Canadian Natrl Res (CNQ) resumed with a Buy at Stifel
- Crew Energy (CWEGF) resumed with a Buy at Stifel
- Domino's Pizza (DPZ) added to Tactical Underperform list at Evercore ISI
- FormFactor (FORM) initiated with a Hold at Jefferies
- International Petroleum Corp (IPCFF) resumed with a Buy at Stifel
- Kelt Exploration (KELTF) resumed with a Buy at Stifel
- Overstock.com (OSTK) initiated with a Hold at Jefferies; tgt $20
- Pagaya (PGY) initiated with a Neutral at UBS; tgt $1.25
- Procore Technologies (PCOR) named Top Small-Cap Idea at Piper Sandler
- Peyto Exploration (PEYUF) resumed with a Buy at Stifel
- PrairaSky Royalty (PREKF) resumed with a Buy at Stifel
- Rapid7 (RPD) initiated with a Neutral at DA Davidson; tgt $34
- Summit Materials (SUM) initiated with a Buy at Truist; tgt $40
- Surge Energy (ZPTAF) resumed with a Buy at Stifel
- Tencent Music (TME) initiated with a Buy at Daiwa Securities
- Teradyne (TER) initiated with a Buy at Jefferies
- Tourmaline Oil (TRMLF) resumed with a Buy at Stifel
- Workday (WDAY) initiated with an Overweight at CapitalOne; tgt $200