Research Calls
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Upgrades:
- Banco Santander Chile (BSAC) upgraded to Outperform from Market Perform at Itau BBA; tgt $22
- Ciena (CIEN) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $55
- Darling Ingredients (DAR) upgraded to Buy from Neutral at Citigroup; tgt $48
- Haemonetics (HAE) upgraded to Buy from Hold at Needham; tgt $112
- Klaviyo (KVYO) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $29
- McCormick (MKC) upgraded to Neutral from Sell at Citigroup; tgt raised to $69
- National Grid (NGG) upgraded to Buy from Neutral at Goldma
- PagerDuty (PD) upgraded to Buy from Hold at Craig Hallum; tgt $
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Downgrades:
- Academy Sports + Outdoors (ASO) downgraded to Neutral from Buy at UBS; tgt lowered to $58
- Banco Bilbao Vizcaya Argentaria (BBVA) downgraded to Underperform from Neutral at Exane BNP Paribas
- Birkenstock Holding Plc (BIRK) downgraded to Neutral from Buy at Goldman; tgt raised to $58
- NextEra Energy (NEE) downgraded to Neutral from Buy at Mizuho; tgt $71
- NextEra Energy Partners (NEP) downgraded to Neutral from Buy at Mizuho; tgt $33
- Paramount Global (PARA) downgraded to Underweight from Equal Weight at Wells Fargo; tgt lowered to $9
- Pure Storage (PSTG) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt $60
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Others:
- Avadel Pharmaceuticals (AVDL) initiated with a Buy at Rodman & Renshaw; tgt $27
- Broadstone Net Lease (BNL) initiated with a Sector Weight at KeyBanc Capital Markets
- Farmers and Merchants (FMAO) resumed with a Neutral at Piper Sandler; tgt $24
- Fiserv (FI) initiated with an Overweight at Wells Fargo; tgt $180
- Global Payments (GPN) initiated with an Equal Weight at Wells Fargo; tgt $100
- Meta Platforms (META) reiterated with a Market Perform at BMO Capital Markets; tgt $450
- NCR Voyix Corporation (VYX) initiated with a Buy at Stifel; tgt $16
- Realty Income (O) initiated with a Sector Weight at KeyBanc Capital Markets
- Tesla (TSLA) reiterated with a Neutral at Citigroup
- Valvoline (VVV) initiated with an Overweight at Piper Sandler; tgt $49