Research Calls I
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Upgrades:
- Deutsche Bank (DB) upgraded to Overweight from Equal-Weight at Morgan Stanley
- GXO Logistics (GXO) upgraded to Neutral from Underperform at Exane BNP Paribas; tgt $50
- Outlook Therapeutics (OTLK) upgraded to Buy from Neutral at BTIG Research; tgt $50
- SL Green Realty (SLG) upgraded to Equal Weight from Underweight at Barclays; tgt raised to $48
- Tenet Healthcare (THC) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $122
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Downgrades:
- BMW Group (BMWYY) downgraded to Hold from Buy at Jefferies
- C.H. Robinson (CHRW) downgraded to Neutral from Outperform at Exane BNP Paribas; tgt $76
- Crown (CCK) downgraded to Hold from Buy at Truist; tgt lowered to $88
- HSBC Holdings (HSBC) downgraded to Equal Weight from Overweight at Barclays
- FedEx (FDX) downgraded to Underperform from Neutral at Exane BNP Paribas; tgt $250
- Visa (V) downgraded to Neutral from Buy at Redburn Atlantic; tgt $307
- Wells Fargo (WFC) downgraded to Mkt Perform from Outperform at Keefe Bruyette; tgt raised to $62
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Others:
- CubeSmart (CUBE) initiated with an Equal Weight at Barclays; tgt $48
- Extra Space Storage (EXR) initiated with an Overweight at Barclays; tgt $157
- Citigroup opened 30-Day Positive Catalyst Watch on Marvell (MRVL)
- Spotify (SPOT) initiated with a Buy at HSBC Securities; tgt $310