Research Calls
- Upgrades:
- Agree Realty (ADC) upgraded to Buy from Neutral at Mizuho; tgt $70
- Anheuser-Busch InBev (BUD) upgraded to Buy from Hold at Deutsche Bank
- DiaMedica Therapeutics (DMAC) upgraded to Outperform from Perform at Oppenheimer; tgt $7
- Grab (GRAB) upgraded to Neutral from Underweight at JP Morgan; tgt raised to $3.10
- Kellogg (K) upgraded to Mkt Perform from Underperform at Bernstein; tgt $62
- SAP SE (SAP) upgraded to Hold from Underperform at Jefferies
- Shell plc (SHEL) upgraded to Equal-Weight from Underweight at Morgan Stanley
- XP (XP) upgraded to Buy from Neutral at BofA Securities
- Downgrades:
- AES (AES) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $23
- Alcoa (AA) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $33
- Celanese (CE) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $116
- Chemours (CC) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $37
- DigitalOcean (DOCN) downgraded to Underweight from Neutral at Piper Sandler; tgt $35
- Dow (DOW) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $55
- Eneti (NETI) downgraded to Neutral from Buy at Citigroup; tgt $14
- Equinix (EQIX) downgraded to Perform from Outperform at Oppenheimer
- Equinor (EQNR) downgraded to Underweight from Equal-Weight at Morgan Stanley
- Mercury (MRCY) downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $40
- PagSeguro Digital (PAGS) downgraded to Neutral from Buy at New Street; tgt lowered to $14
- Tesla (TSLA) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt raised to $250
- Others:
- Andersons (ANDE) initiated with a Buy at ROTH MKM; tgt $55
- Archer-Daniels (ADM) initiated with a Buy at ROTH MKM; tgt $92
- Boston Scientific (BSX) placed on 90-day Positive Catalyst Watch; tgt raised to $63
- Burford Capital (BUR) resumed with a Buy at Berenberg
- Bunge (BG) initiated with a Buy at ROTH MKM; tgt $138
- Caterpillar (CAT) initiated with a Neutral at DA Davidson; tgt $263
- Despegar.com (DESP) initiated with a Buy at B. Riley Securities; tgt $10
- Expedia Group (EXPE) initiated with a Buy at B. Riley Securities; tgt $160
- Humacyte (HUMA) initiated with an Overweight at Cantor Fitzgerald; tgt $6
- Outbrain Inc. (OB) initiated with a Neutral at B. Riley Securities; tgt $5
- Pembina Pipeline (PBA) initiated with a Buy at Stifel
- Sea Limited (SE) resumed with a Buy at DZ Bank; tgt $75
- Taboola (TBLA) initiated with a Buy at B. Riley Securities; tgt $5
- Terns Pharmaceuticals (TERN) initiated with a Buy at Mizuho; tgt $16
- Toro (TTC) initiated with a Buy at DA Davidson; tgt $117
- TripAdvisor (TRIP) initiated with a Buy at B. Riley Securities; tgt $25
- trivago (TRVG) initiated with a Neutral at B. Riley Securities; tgt $2
- TScan Therapeutics (TCRX) initiated with an Outperform at Wedbush; tgt $8
- Zura Bio Limited (ZURA) initiated with a Buy at Guggenheim; tgt $20