Research Calls
- Upgrades:
- Fortinet (FTNT) upgraded to Outperform from Market Perform at BMO Capital Markets; tgt $70
- Microchip (MCHP) upgraded to Buy from Hold at Stifel; tgt raised to $75
- Molson Coors Brewing (TAP) upgraded to Neutral from Sell at Goldman; tgt raised to $54
- Ovintiv (OVV) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $64
- Riot Blockchain (RIOT) upgraded to Buy from Neutral at Compass Point; tgt $14
- Snowflake (SNOW) upgraded to Buy from Hold at Jefferies; tgt raised to $200
- Downgrades:
- eBay (EBAY) downgraded to Neutral from Buy at UBS; tgt lowered to $48
- Epizyme (EPZM) downgraded to Market Perform from Outperform at Cowen; tgt $1.50
- Farfetch (FTCH) downgraded to Neutral from Buy at UBS; tgt lowered to $10
- Henkel AG (HENKY) downgraded to Underweight from Equal-Weight at Morgan Stanley
- JELD-WEN (JELD) downgraded to Equal Weight from Overweight at Wells Fargo
- Smart Share Global (EM) downgraded to Neutral from Buy at Goldman; tgt lowered to $1.40
- Novo Nordisk A/S (NVO) downgraded to Sell from Neutral at UBS
- Portland Gen Elec (POR) downgraded to Neutral from Buy at Mizuho; tgt lowered to $50
- Shenandoah Telecom (SHEN) downgraded to Mkt Perform from Strong Buy at Raymond James
- State Street (STT) downgraded to Hold from Buy at Deutsche Bank; tgt $67
- Wesfarmers (WFAFY) downgraded to Underweight from Neutral at JP Morgan
- Others:
- American Equity Investment Life (AEL) assumed with an Outperform at Credit Suisse; tgt $43
- ArcBest (ARCB) initiated with an Outperform at Credit Suisse; tgt $102
- argenx (ARGX) resumed with a Buy at Stifel; tgt $460
- Bally's Corporation (BALY) initiated with a Mkt Perform at JMP Securities
- C.H. Robinson (CHRW) initiated with an Underperform at Credit Suisse; tgt $102
- Canadian Nat'l Rail (CNI) initiated with a Neutral at Credit Suisse; tgt $122
- Canadian Pacific (CP) initiated with a Neutral at Credit Suisse; tgt $74
- Chinook Therapeutics (KDNY) initiated with a Buy at Stifel; tgt $30
- Cogent Biosciences (COGT) initiated with a Buy at Guggenheim; tgt $15
- CSX (CSX) initiated with an Outperform at Credit Suisse; tgt $35
- DraftKings (DKNG) initiated with a Mkt Outperform at JMP Securities; tgt $25
- Golden Entertainment (GDEN) initiated with a Mkt Outperform at JMP Securities; tgt $63
- GXO Logistics (GXO) initiated with an Outperform at Credit Suisse; tgt $65
- J.B. Hunt Transport (JBHT) initiated with a Neutral at Credit Suisse; tgt $178
- Knight-Swift (KNX) initiated with an Outperform at Credit Suisse; tgt $70
- MGM Resorts (MGM) initiated with a Mkt Outperform at JMP Securities; tgt $55
- Norfolk Southern (NSC) initiated with an Outperform at Credit Suisse; tgt $267
- Old Dominion (ODFL) initiated with a Neutral at Credit Suisse; tgt $282
- Penn Natl Gaming (PENN) initiated with a Mkt Outperform at JMP Securities; tgt $52
- Portillo's (PTLO) initiated with an Equal-Weight at Morgan Stanley; tgt $19
- Rush Street Interactive (RSI) initiated with a Mkt Outperform at JMP Securities; tgt $12
- Saia (SAIA) initiated with an Outperform at Credit Suisse; tgt $234
- Schneider National (SNDR) initiated with an Outperform at Credit Suisse; tgt $32
- TFI International (TFII) initiated with an Outperform at Credit Suisse; tgt $103
- W.P. Carey (WPC) initiated with a Peer Perform at Wolfe Research; tgt $88
- Werner Enterprises (WERN) initiated with an Outperform at Credit Suisse; tgt $51
- XPO Logistics (XPO) initiated with an Outperform at Credit Suisse; tgt $65