Research Calls
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Upgrades:
- Cintas (CTAS) upgraded to Conviction Buy from Buy at Goldman
- Clorox (CLX) upgraded to Buy from Neutral at DA Davidson; tgt $152
- Datadog (DDOG) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $115
- FedEx (FDX) upgraded to Positive from Neutral at Susquehanna; tgt raised to $315
- Insulet (PODD) upgraded to Buy from Hold at Jefferies; tgt lowered to $240
- LGI Homes (LGIH) upgraded to Neutral from Sell at BTIG Research
- Macerich (MAC) upgraded to Neutral from Underweight at Piper Sandler; tgt raised to $12
- Mr. Cooper Group (COOP) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt raised to $65
- NVIDIA (NVDA) upgraded to Conviction Buy from Buy at Goldman
- Okta (OKTA) upgraded to Conviction Buy from Buy at Goldman
- PennyMac (PFSI) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt raised to $81
- Quanterix (QTRX) upgraded to Conviction Buy from Buy at Goldman
- Rivian Automotive (RIVN) upgraded to Outperform from In-line at Evercore ISI; tgt $35
- U.S. Steel (X) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $40
- Zscaler (ZS) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $190
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Downgrades:
- Adecoagro S.A. (AGRO) downgraded to Market Perform from Outperform at Itau BBA; tgt $12
- Bread Financial (BFH) downgraded to Sell from Neutral at Goldman; tgt lowered to $32
- Chubb (CB) downgraded to Neutral from Overweight at JP Morgan; tgt $250
- Fidelity National (FNF) downgraded to Mkt Perform from Outperform at Keefe Bruyette; tgt lowered to $43
- Johnson Controls (JCI) downgraded to Buy from Conviction Buy at Goldman
- NatWest Group plc (NWG) downgraded to Equal-Weight from Overweight at Morgan Stanley
- NextEra Energy Partners (NEP) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $33
- Norfolk Southern (NSC) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $215
- Salesforce (CRM) downgraded to Buy from Conviction Buy at Goldman
- Sandy Spring Banc (SASR) downgraded to Neutral from Buy at DA Davidson; tgt lowered to $22
- SolarEdge Technologies (SEDG) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $152
- Toast (TOST) downgraded to Neutral from Buy at Mizuho; tgt lowered to $16
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Others:
- pellis Pharmaceuticals (APLS) added to Q4 2023 Tactical Ideas List at Wells Fargo
- Atlassian (TEAM) initiated with a Neutral at UBS; tgt $225
- BigBear.ai (BBAI) initiated with a Market Perform at TD Cowen; tgt $2
- Caesars Entertainment (CZR) added to Q4 2023 Tactical Ideas List at Wells Fargo
- Carnival (CCL) resumed with an Outperform at William Blair
- Celldex Therapeutics (CLDX) added to Q4 2023 Tactical Ideas List at Wells Fargo
- Credo Technology Group (CRDO) initiated with an Overweight at Barclays; tgt $18
- Datadog (DDOG) initiated with a Neutral at UBS; tgt $100
- Etsy (ETSY) initiated with a Neutral at Wedbush
- Everest Group (EG) added to Q4 2023 Tactical Ideas List at Wells Fargo
- L3Harris (LHX) added to Q4 2023 Tactical Ideas List at Wells Fargo
- Maxeon Solar (MAXN) initiated with a Neutral at UBS; tgt $13
- Microsoft (MSFT) added to Q4 2023 Tactical Ideas List at Wells Fargo
- Nextracker (NXT) initiated with a Buy at UBS; tgt $50
- Sunnova Energy (NOVA) initiated with a Buy at UBS; tgt $16
- SunOpta (STKL) initiated with a Buy at Mizuho; tgt $9
- UnitedHealth (UNH) added to Q4 2023 Tactical Ideas List at Wells Fargo
- Western Digital (WDC) added to Q4 2023 Tactical Ideas List at Wells Fargo
- WK Kellogg Co (KLG) initiated with a Hold at Jefferies; tgt $15
- Xenon Pharmaceuticals (XENE) added to Q4 2023 Tactical Ideas List at Wells Fargo