Research Calls
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Upgrades:
- Alvotech (ALVO) upgraded to Neutral from Sell at Citigroup; tgt raised to $10
- America Movil SA (AMX) upgraded to Buy from Hold at HSBC Securities; tgt $21.50
- Cognizant Tech (CTSH) upgraded to Buy from Neutral at Citigroup; tgt raised to $80
- Merck (MRK) upgraded to Buy from Neutral at UBS; tgt raised to $122
- Morgan Stanley (MS) upgraded to Peer Perform from Underperform at Wolfe Research
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Downgrades:
- Beam Therapeutics (BEAM) downgraded to Market Perform from Outperform at Leerink Partners; tgt lowered to $20
- Blue Owl Capital (OWL) downgraded to Neutral from Buy at UBS; tgt lowered to $14
- CNH Industrial (CNHI) downgraded to Perform from Outperform at Oppenheimer
- Columbia Sportswear (COLM) downgraded to Neutral from Buy at Seaport Research Partners
- Millicom International Cellular (TIGO) downgraded to Hold from Buy at HSBC Securities; tgt lowered to $17
- Yum! Brands (YUM) downgraded to Neutral from Buy at Redburn Atlantic; tgt $115
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Others:
- AbbVie (ABBV) assumed with a Neutral at UBS; tgt lowered to $150
- Affirm (AFRM) assumed with a Neutral at UBS; tgt $18
- Agilon Health (AGL) initiated with a Buy at The Benchmark Company; tgt $28
- Alphatec (ATEC) initiated with a Buy at ROTH MKM; tgt $22
- Avery Dennison (AVY) assumed with an Outperform at Raymond James; tgt raised to $208
- AvidXchange (AVDX) initiated with a Buy at UBS; tgt $11.50
- Berry Global (BERY) assumed with a Mkt Perform at Raymond James
- Bill.com (BILL) assumed with a Buy at UBS; tgt $126
- Block (SQ) assumed with a Buy at UBS; tgt $70
- Bristol-Myers (BMY) assumed with a Neutral at UBS; tgt lowered to $60
- Eli Lilly (LLY) assumed with a Buy at UBS; tgt raised to $710
- Enovis Corporation (ENOV) initiated with a Buy at ROTH MKM; tgt $75
- Fidelity Nat'l Info (FIS) assumed with a Neutral at UBS; tgt $58
- Fiserv (FI) assumed with a Buy at UBS; tgt $140
- FleetCor (FLT) assumed with a Neutral at UBS; tgt $280
- Flywire (FLYW) assumed with a Buy at UBS; tgt $36
- Globus Medical (GMED) initiated with a Buy at ROTH MKM; tgt $75
- Global Payments (GPN) assumed with a Neutral at UBS; tgt $130
- Graphic Packaging (GPK) assumed with a Strong Buy at Raymond James; tgt $30
- Hasbro (HAS) initiated with a Neutral at Citigroup; tgt $62
- International Money Express (IMXI) initiated with a Neutral at UBS; tgt $18
- Invesco Mortgage Capital (IVR) initiated with a Neutral at BTIG Research
- Jack Henry (JKHY) assumed with a Neutral at UBS; tgt $165
- Lightspeed (LSPD) initiated with a Neutral at UBS; tgt $16
- Marqeta (MQ) assumed with a Buy at UBS; tgt $7.50
- Mastercard (MA) assumed with a Buy at UBS; tgt $475
- Mattel (MAT) initiated with a Buy at Citigroup; tgt $26
- MeridianLink (MLNK) initiated with a Sell at UBS; tgt $17
- Nuvei Corporation (NVEI) initiated with a Buy at UBS; tgt $20
- Orthofix (OFIX) initiated with a Neutral at ROTH MKM; tgt $12
- PayPal (PYPL) assumed with a Neutral at UBS; tgt $63
- Paysafe (PSFE) initiated with a Sell at UBS; tgt $10
- Pfizer (PFE) assumed with a Neutral at UBS; tgt lowered to $34
- Repay Holdings (RPAY) initiated with a Neutral at UBS; tgt $8
- Riskified (RSKD) initiated with a Buy at UBS; tgt $5.75
- Sealed Air (SEE) assumed with a Mkt Perform at Raymond James
- Shift4 Payments (FOUR) assumed with a Buy at UBS; tgt $75
- Shopify (SHOP) asumed with a Neutral at UBS; tgt $55
- Silgan Holdings (SLGN) assumed with an Outperform at Raymond James; tgt raised to $55
- SoFi Technologies (SOFI) initiated with a Neutral at UBS; tgt $7
- Stryker (SYK) initiated with a Buy at ROTH MKM; tgt $345
- Toast (TOST) assumed with a Buy at UBS; tgt $24
- Verra Mobility (VRRM) initiated with a Buy at UBS; tgt $25
- Visa (V) initiated with a Buy at UBS; tgt $295
- Western Union (WU) assumed with a Neutral at UBS; tgt $14
- WEX (WEX) assumed with a Neutral at UBS; tgt $210
- Wix.com (WIX) assumed with a Buy at UBS; tgt $120
- Zimmer Biomet (ZBH) initiated with a Neutral at ROTH MKM; tgt $120