Research Calls
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Upgrades:
- Adobe (ADBE) upgraded to Buy from Neutral at BofA Securities; tgt raised to $630
- Alcon (ALC) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $89.30
- America Movil SA (AMX) upgraded to Buy from Neutral at Citigroup; tgt $23.50
- Coherent (COHR) upgraded to Buy from Neutral at Rosenblatt; tgt $45
- Hexcel (HXL) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $83
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Downgrades:
- BorgWarner (BWA) downgraded to Neutral from Buy at Nomura; tgt $44
- Crestwood Equity Partners (CEQP) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $29
- Crestwood Equity Partners (CEQP) downgraded to Sector Perform from Sector Outperform at Scotiabank; tgt lowered to $27
- Denbury (DEN) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
- Invitation Homes (INVH) downgraded to Neutral from Buy at BTIG Research
- JBG SMITH Properties (JBGS) downgraded to Underperform from In-line at Evercore ISI; tgt lowered to $15
- SL Green Realty (SLG) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt raised to $35
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Others:
- AppFolio (APPF) initiated with an Overweight at JP Morgan; tgt $200
- BeiGene (BGNE) initiated with a Buy at Jefferies; tgt $287
- Commvault Systems (CVLT) initiated with a Buy at DA Davidson; tgt $85
- Cryoport (CYRX) initiated with an Equal-Weight at Morgan Stanley; tgt $16
- First Business Financial (FBIZ) initiated with an Overweight at Piper Sandler; tgt $37
- Cryoport (CYRX) initiated with an Equal-Weight at Morgan Stanley; tgt $16
- MAC Limited (MTAL) initiated with an Outperform at BMO Capital Markets; tgt $14