Research Calls
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Upgrades:
- AllianceBernstein (AB) upgraded to Buy from Neutral at Goldman; tgt lowered to $36.75
- Booz Allen Hamilton (BAH) upgraded to Buy from Neutral at BofA Securities; tgt raised to $130
- Clean Energy Fuels (CLNE) upgraded to Strong Buy from Outperform at Raymond James; tgt $6
- Dow (DOW) upgraded to Sector Weight from Underweight at KeyBanc Capital Markets
- Evergy (EVRG) upgraded to Neutral from Underperform at BofA Securities; tgt lowered to $49
- Fiverr (FVRR) upgraded to Buy from Neutral at ROTH MKM; tgt $33
- LyondellBasell (LYB) upgraded to Sector Weight from Underweight at KeyBanc Capital Markets
- Warby Parker (WRBY) upgraded to Outperform from In-line at Evercore ISI; tgt $20
- Warner Music Group (WMG) upgraded to Buy from Neutral at UBS; tgt raised to $37
- Westlake Corporation (WLK) upgraded to Sector Weight from Underweight at KeyBanc Capital Markets
- Wingstop (WING) upgraded to Hold from Underperform at Jefferies; tgt raised to $170
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Downgrades:
- Airbnb (ABNB) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
- Emerson (EMR) downgraded to Neutral from Buy at UBS; tgt raised to $104
- Ingevity (NGVT) downgraded to Hold from Buy at Loop Capital; tgt lowered to $53
- Reynolds Consumer Products (REYN) upgraded to Neutral from Sell at Goldman; tgt raised to $30
- SunPower (SPWR) downgraded to Outperform from Strong Buy at Raymond James; tgt lowered to $9
- TPI Composites (TPIC) downgraded to Mkt Perform from Outperform at Raymond James
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Others:
- Alexandria RE (ARE) initiated with an Outperform at Wedbush; tgt $120
- Apartment Income REIT Corp. (AIRC) initiated with an Outperform at Wedbush; tgt $37
- Applied Digital Corporation (APLD) initiated with a Buy at ROTH MKM; tgt $14
- AvalonBay (AVB) initiated with a Neutral at Wedbush; tgt $179
- Boston Properties (BXP) initiated with a Neutral at Wedbush; tgt $62
- Camden Property (CPT) initiated with an Outperform at Wedbush; tgt $110
- CDW (CDW) initiated with a Buy at UBS; tgt $237
- Cognex (CGNX) initiated with a Sector Weight at KeyBanc Capital Markets
- Douglas Emmett (DEI) initiated with a Neutral at Wedbush; tgt $13
- Dycom (DY) initiated with a Buy at BofA Securities; tgt $120
- East West Banc (EWBC) initiated with a Buy at Janney; tgt $68
- EastGroup (EGP) initiated with a Neutral at Wedbush; tgt $175
- Emerson (EMR) initiated with an Overweight at KeyBanc Capital Markets; tgt $120
- Equity Residential (EQR) initiated with a Neutral at Wedbush; tgt $62
- Essex Property (ESS) initiated with a Neutral at Wedbush; tgt $225
- First Industrial Realty (FR) initiated with an Outperform at Wedbush; tgt $55
- Gaming and Leisure Properties (GLPI) initiated with an Outperform at Wedbush; tgt $51
- Healthcare Realty (HR) initiated with an Outperform at Wedbush; tgt $17
- Healthpeak (PEAK) initiated with a Neutral at Wedbush; tgt $19
- Host Hotels (HST) initiated with an Outperform at Wedbush; tgt $19
- Hudson Pacific Properties (HPP) initiated with an Outperform at Wedbush; tgt $8
- Interactive Brokers (IBKR) initiated with a Buy at UBS; tgt $113
- LTC Properties (LTC) initiated with an Outperform at Wedbush; tgt $36
- Mid-America Aptmt (MAA) initiated with a Neutral at Wedbush; tgt $137
- National Health (NHI) initiated with a Neutral at Wedbush; tgt $54
- Omega Health (OHI) initiated with a Neutral at Wedbush; tgt $34
- Otis Worldwide (OTIS) initiated with a Neutral at UBS; tgt $87
- Park Hotels & Resorts (PK) initiated with a Neutral at Wedbush; tgt $13
- Pebblebrook Hotel Trust (PEB) initiated with a Neutral at Wedbush; tgt $14
- PJT Partners (PJT) initiated with a Neutral at UBS; tgt $84
- Rockwell Automation (ROK) initiated with a Sector Weight at KeyBanc Capital Markets
- Ryman Hospitality (RHP) initiated with an Outperform at Wedbush; tgt $94
- Sabra Health Care REIT (SBRA) initiated with an Outperform at Wedbush; tgt $16
- Safehold (SAFE) initiated with a Neutral at Wedbush; tgt $19
- Symbotic (SYM) initiated with an Overweight at KeyBanc Capital Markets; tgt $50
- Terreno Realty (TRNO) initiated with a Neutral at Wedbush; tgt $60
- Trex (TREX) initiated with a Buy at Goldman; tgt $78
- UDR (UDR) initiated with an Outperform at Wedbush; tgt $41
- Ventas (VTR) initiated with a Neutral at Wedbush; tgt $44
- Vestis (VSTS) initiated with an Outperform at Robert W. Baird; tgt $24
- VICI Properties (VICI) initiated with a Neutral at Wedbush; tgt $31
- Welltower (WELL) initiated with a Neutral at Wedbush; tgt $83
- WK Kellogg Co (KLG) initiated with a Sell at Goldman; tgt $11
- Zebra Tech (ZBRA) initiated with a Sector Weight at KeyBanc Capital Markets