>>> US Research Calls

Research Calls I
  • Upgrades:
    • Celestica (CLS) upgraded to Buy from Neutral at UBS, tgt $430
    • Darden Restaurants (DRI) upgraded to Outperform from Neutral at Baird, tgt $250
    • Janux Therapeutics (JANX) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $23
    • PulteGroup (PHM) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $158
  • Downgrades:
    • Banco Santander Brasil (BSBR) downgraded to Neutral from Buy at UBS
    • Black Rock Coffee Bar (BRCB) downgraded to Neutral from Outperform at Baird, tgt $10
    • Canada Goose (GOOS) downgraded to Underweight from Overweight at Wells Fargo
    • Chipotle Mexican Grill (CMG) downgraded to Neutral from Outperform at Baird, tgt $40
    • Domino's Pizza (DPZ) downgraded to Neutral from Outperform at Baird, tgt $350
    • Klarna (KLAR) downgraded to Neutral from Buy at UBS, tgt $16
  • Others:
    • Aeva Technologies (AEVA) initiated with a Neutral at Goldman Sachs, tgt $20
    • Alvotech (ALVO) initiated with a Buy at BofA Securities, tgt $7
    • ArcelorMittal (MT) initiated with an Overweight at Morgan Stanley, tgt $82
    • Brinker International (EAT) initiated with an Outperform at Baird, tgt $325
    • Clear Secure (YOU) assumed with an Overweight at JPMorgan, tgt $55
    • Cummins (CMI) initiated with an Outperform at CICC, tgt $781
    • EverQuote (EVER) assumed with an Overweight at JPMorgan, tgt $29
    • Fortune Brands Innovations (FBIN) initiated with an Overweight at Wells Fargo, tgt $52
    • Frontdoor (FTDR) assumed with a Neutral at JPMorgan, tgt $95
    • Funko (FNKO) initiated with a Buy at Seaport Research, tgt $8
    • Inhibrx Biosciences (INBX) initiated with a Buy at H.C. Wainwright, tgt $245
    • Insight Molecular Diagnostics (IMDX) initiated with a Buy at Lucid Capital, tgt $8
    • Ionic Digital (IOND) initiated with a Buy at BTIG, tgt $85
    • Ionic Digital (IOND) initiated with a Buy at Jefferies, tgt $85
    • Jersey Mike's Subs (JMKE) initiated with an Outperform at Baird, tgt $27
    • Jersey Mike's Subs (JMKE) initiated with a Market Perform at Bernstein, tgt $26
    • Jersey Mike's Subs (JMKE) initiated with a Buy at BTIG, tgt $28
    • Jersey Mike's Subs (JMKE) initiated with a Buy at Guggenheim, tgt $28
    • Jersey Mike's Subs (JMKE) initiated with a Buy at Jefferies, tgt $29
    • Jersey Mike's Subs (JMKE) initiated with an Overweight at JPMorgan, tgt $26
    • Jersey Mike's Subs (JMKE) initiated with an Outperform at Mizuho, tgt $31
    • Jersey Mike's Subs (JMKE) initiated with an Overweight at Morgan Stanley, tgt $29
    • Jersey Mike's Subs (JMKE) initiated with an Overweight at Piper Sandler
    • Jersey Mike's Subs (JMKE) initiated with an Outperform at Raymond James, tgt $29
    • Jersey Mike's Subs (JMKE) initiated with an Outperform at RBC Capital, tgt $28
    • Jersey Mike's Subs (JMKE) initiated with a Buy at Stifel, tgt $27
    • Jersey Mike's Subs (JMKE) initiated with a Buy at TD Cowen, tgt $26
    • Jersey Mike's Subs (JMKE) initiated with a Buy at Truist, tgt $30
    • Jersey Mike's Subs (JMKE) initiated with a Buy at UBS, tgt $27
    • Jersey Mike's Subs (JMKE) initiated with an Equal Weight at Wells Fargo, tgt $25
    • Jersey Mike's Subs (JMKE) initiated with a Peer Perform at Wolfe Research
    • Match Group (MTCH) assumed with a Neutral at JPMorgan, tgt $43
    • MediaAlpha (MAX) assumed with a Neutral at JPMorgan, tgt $15
    • nCino (NCNO) assumed with an Overweight at Piper Sandler, tgt $25
    • Nuvectis Pharma (NVCT) initiated with an Overweight at Cantor Fitzgerald
    • Q32 Bio (QTTB) initiated with an Overweight at Morgan Stanley, tgt $34
    • Reformation (REF) initiated with an Outperform at Baird, tgt $19
    • Reformation (REF) initiated with a Buy at BTIG, tgt $20
    • Reformation (REF) initiated with a Buy at Citi, tgt $20
    • Reformation (REF) initiated with a Buy at Guggenheim, tgt $20
    • Reformation (REF) initiated with an Overweight at JPMorgan, tgt $21
    • Reformation (REF) initiated with an Equal Weight at Morgan Stanley, tgt $16
    • Reformation (REF) initiated with an Outperform at RBC Capital, tgt $18
    • Reformation (REF) initiated with an Outperform at William Blair
    • Rio Tinto (RIO) initiated with an Underweight at Morgan Stanley, tgt $90
    • Roku (ROKU) assumed with a Neutral at JPMorgan, tgt $160
    • Shattuck Labs (STTK) initiated with a Strong Buy at Raymond James, tgt $18
    • Talen Energy (TLN) initiated with an Outperform at Mizuho, tgt $405
    • Veeva Systems (VEEV) assumed with an Overweight at Piper Sandler, tgt $295
    • Vistra (VST) initiated with an Outperform at Mizuho, tgt $169
    • Whirlpool (WHR) initiated with an Equal Weight at Wells Fargo, tgt $42
    • Xometry (XMTR) assumed with an Overweight at JPMorgan, tgt $120