Research Calls I
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Upgrades:
- Acuity Brands (AYI) upgraded to Market Perform from Outperform at William Blair
- CF Industries (CF) upgraded to Neutral from Sell at Rothschild & Co Redburn, tgt $110
- First Solar (FSLR) upgraded to Sector Weight from Underweight at KeyBanc
- Park Hotels & Resorts (PK) upgraded to Strong Buy from Market Perform at Raymond James, tgt $19
- Royal Caribbean Cruises (RCL) upgraded to Buy from Hold at Deutsche Bank, tgt $330
- Sweetgreen (SG) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $11
- Teleflex (TFX) upgraded to Buy from Neutral at BofA Securities, tgt $158
- Acuity Brands (AYI) upgraded to Market Perform from Outperform at William Blair
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Downgrades:
- Braskem (BAK) downgraded to Hold from Buy at HSBC, tgt $1.50
- Manhattan Associates (MANH) downgraded to Neutral from Buy at DA Davidson, tgt $210
- PepsiCo (PEP) downgraded to Hold from Buy at Deutsche Bank, tgt $138
- RLJ Lodging Trust (RLJ) downgraded to Market Perform from Outperform at Raymond James
- Roblox (RBLX) downgraded to Underperform from Hold at Jefferies, tgt $38
- UiPath (PATH) downgraded to Underperform from Neutral at DA Davidson, tgt $10
- Pegasystems (PEGA) downgraded to Neutral from Buy at DA Davidson, tgt $32
- Braskem (BAK) downgraded to Hold from Buy at HSBC, tgt $1.50
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Others:
- ADI Global Distribution (ADIG) initiated with an In Line at Evercore ISI, tgt $23
- Agenus (AGEN) initiated with a Buy at Rodman & Renshaw, tgt $19
- American Bitcoin (ABTC) initiated with a Buy at Jones Trading, tgt $14
- Applied Digital (APLD) initiated with a Buy at Jones Trading, tgt $70
- Argo Blockchain (ARBK) initiated with a Hold at Jones Trading
- Axe Compute (AGPU) initiated with a Buy at Jones Trading, tgt $20
- Big Digital Energy (BGDE) initiated with a Buy at Jones Trading, tgt $10
- Bit Digital (BTBT) initiated with a Buy at Jones Trading, tgt $3.50
- Bitdeer (BTDR) initiated with a Buy at Jones Trading, tgt $22
- BitFuFu (FUFU) initiated with a Buy at Jones Trading, tgt $3
- Buda Juice (BUDA) initiated with a Buy at Roth Capital, tgt $12
- Canaan (CAN) initiated with a Buy at Jones Trading, tgt $1
- Cango (CANG) initiated with a Buy at Jones Trading, tgt $4
- Cipher Mining (CIFR) initiated with a Buy at Jones Trading, tgt $35
- CleanSpark (CLSK) initiated with a Buy at Jones Trading, tgt $25
- Coinbase (COIN) resumed with an Outperform at Keefe Bruyette, tgt $237
- CoinShares (CSHR) initiated with a Buy at Jones Trading, tgt $8
- Core Scientific (CORZ) initiated with a Buy at Jones Trading, tgt $25
- CoreWeave (CRWV) initiated with a Buy at Jones Trading, tgt $160
- DarkHorse Technologies (DRK) initiated with a Buy at Jones Trading, tgt $5
- DeFi Technologies (DEFT) initiated with a Buy at Jones Trading, tgt $1
- Digi Power X (DGXX) initiated with a Buy at Jones Trading, tgt $8
- Exodus Movement (EXOD) initiated with a Hold at Jones Trading
- Fold Holdings (FLD) initiated with a Buy at Jones Trading, tgt $1
- Fortive (FTV) initiated with an In Line at Evercore ISI, tgt $60
- Hive Digital Technologies (HIVE) initiated with a Buy at Jones Trading,t gt $6
- Hut 8 (HUT) initiated with a Buy at Jones Trading, tgt $130
- IonQ (IONQ) initiated with a Buy at BofA Securities, tgt $60
- IREN (IREN) initiated with a Hold at Jones Trading
- Jack Henry (JKHY) initiated with a Buy at Seaport Research Partners, tgt $193
- Keel Infrastructure (KEEL) initiated with a Buy at Jones Trading, tgt $7.50
- Korsana Biosciences (KRSA) initiated with a Buy at Guggenheim, tgt $70
- LENSAR (LNSR) initiated with a Buy at Lucid Capital Markets, tgt $11
- Lexicon Pharmaceuticals (LXRX) initiated with an Overweight at Cantor Fitzgerald, tgt $8
- MARA Holdings (MARA) initiated with a Buy at Jones Trading, tgt $22
- MBody AI (MBAI) initiated with an Outperform at Northland, tgt $10
- Mobility Global (MBGL) initiated with a Neutral at JPMorgan, tgt $21
- Procore Technologies (PCOR) assumed with an Overweight at Piper Sandler, tgt $68
- Q32 Bio (QTTB) initiated with a Buy at Jefferies, tgt $29
- Resideo Technologies (REZI) initiated with an Outperform at Evercore ISI, tgt $30
- Riot Platforms (RIOT) initiated with a Buy at Jones Trading, tgt $30
- SharonAI Holdings (SHAZ) initiated with a Buy at Jones Trading, tgt $80
- SharpLink Gaming (SBET) initiated with a Buy at Jones Trading, tgt $13
- Snowflake (SNOW) initiated with a Buy at Phillip Securities, tgt $423
- TeraWulf (WULF) initiated with a Buy at Jones Trading, tgt $30
- WaterBridge Infrastructure (WBI) assumed with an Overweight at Piper Sandler, tgt $37
- WhiteFiber (WYFI) initiated with a Buy at Jones Trading, tgt $40
- ADI Global Distribution (ADIG) initiated with an In Line at Evercore ISI, tgt $23