Research Calls
- Upgrades:
- Emerson (EMR) upgraded to Buy from Neutral at UBS; tgt lowered to $97
- HashiCorp (HCP) upgraded to Buy from Hold at Needham; tgt $39
- Meritage (MTH) upgraded to Overweight from Neutral at JP Morgan; tgt $129
- Monster Beverage (MNST) upgraded to Buy from Neutral at Redburn; tgt $120
- REV Group (REVG) upgraded to Outperform from Neutral at Robert W. Baird; tgt $16
- Ternium S.A. (TX) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $52
- Vir Biotechnology (VIR) upgraded to Overweight from Neutral at JP Morgan; tgt lowered to $34
- Downgrades:
- Allbirds (BIRD) downgraded to Neutral from Outperform at Wedbush; tgt $3
- D.R. Horton (DHI) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $102.50
- Energy Vault (NRGV) downgraded to Neutral from Buy at Guggenheim
- Healthcare Realty (HR) downgraded to Neutral from Outperform at Credit Suisse; tgt lowered to $20
- Intercontinental Hotels Group (IHG) downgraded to Equal Weight from Overweight at Barclays
- KB Home (KBH) downgraded to Underweight from Overweight at JP Morgan; tgt lowered to $32.50
- Silvergate Capital (SI) downgraded to Underperform from Neutral at Wedbush; tgt lowered to $4
- Wendy's (WEN) downgraded to Neutral from Buy at Northcoast
- Others:
- Apple (AAPL) initiated with a Buy at Goldman; tgt $199
- Bristol-Myers (BMY) initiated with a Hold at Jefferies; tgt $62
- Eli Lilly (LLY) initiated with a Hold at Jefferies; tgt $290
- General Electric (GE) assumed with a Neutral at JP Morgan; tgt $88
- Merck (MRK) initiated with a Buy at Jefferies; tgt $125
- Nextracker (NXT) initiated with a Buy at ROTH MKM; tgt $45
- Nextracker (NXT) initiated with a Buy at Truist; tgt $40
- Nextracker (NXT) initiated with a Neutral at BofA Securities; tgt $36
- Nextracker (NXT) initiated with a Neutral at Citigroup; tgt $36
- Nextracker (NXT) initiated with a Sector Outperform at Scotiabank
- Nextracker (NXT) initiated with a Sector Weight at KeyBanc Capital Markets
- Nextracker (NXT) initiated with an Outperform at Exane BNP Paribas
- Nextracker (NXT) initiated with an Overweight at Barclays; tgt $42
- Nextracker (NXT) initiated with an Overweight at JP Morgan; tgt $42
- Pfizer (PFE) initiated with a Hold at Jefferies; tgt $43
- SolarEdge Technologies (SEDG) initiated with a Sector Weight at KeyBanc Capital Markets