Research Calls
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Upgrades:
- Adidas AG (ADDYY) upgraded to Outperform from Sector Perform at RBC Capital Mkts
- Apellis Pharmaceuticals (APLS) upgraded to Buy from Hold at Jefferies; tgt raised to $80
- The Cigna Group (CI) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $354
- The Cigna Group (CI) upgraded to Overweight from Neutral at Cantor Fitzgerald; tgt raised to $372
- Citizens Financial Group (CFG) upgraded to Buy from Neutral at Citigroup; tgt $36
- Klaviyo (KVYO) upgraded to Buy from Neutral at Goldman; tgt $36
- LyondellBasell (LYB) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $100
- Minerals Tech (MTX) upgraded to Buy from Neutral at Seaport Research Partners; tgt $90
- National Grid (NGG) upgraded to Buy from Hold at Jefferies
- SkyWest (SKYW) upgraded to Outperform from Market Perform at TD Cowen; tgt raised to $68
- Tapestry (TPR) upgraded to Outperform from In-line at Evercore ISI; tgt raised to $50
- Warner Music Group (WMG) upgraded to Neutral from Sell at Redburn Atlantic; tgt raised to $21
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Downgrades:
- BigCommerce (BIGC) downgraded to Neutral from Buy at Goldman; tgt lowered to $9.50
- Charter Comm (CHTR) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $370
- Charter Comm (CHTR) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $340
- Clorox (CLX) downgraded to Neutral from Buy at DA Davidson; tgt $162
- GlobalFoundries (GFS) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $56
- Hilton (HLT) downgraded to In-line from Outperform at Evercore ISI; tgt $200
- Hyatt Hotels (H) downgraded to In-line from Outperform at Evercore ISI; tgt $135
- JinkoSolar (JKS) downgraded to Hold from Buy at HSBC Securities
- Markel Group (MKL) downgraded to Hold from Buy at Jefferies; tgt lowered to $1500
- Mattel (MAT) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $19
- Portland Gen Elec (POR) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $43
- Schneider National (SNDR) downgraded to Equal-Weight from Overweight at Stephens; tgt $28
- Six Flags (SIX) downgraded to Neutral from Buy at B. Riley Securities; tgt $30
- Take-Two (TTWO) downgraded to Neutral from Buy at MoffettNathanson; tgt lowered to $167
- TJX (TJX) downgraded to Neutral from Buy at Redburn Atlantic; tgt $100
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Others:
- Addus HomeCare (ADUS) resumed with an Outperform at William Blair
- Cabaletta Bio (CABA) initiated with a Buy at Jefferies; tgt $36
- Montrose Environmental Group (MEG) resumed with a Buy at Stifel; tgt $36
- Riskified (RSKD) initiated with a Neutral at DA Davidson; tgt $5
- SharkNinja (SN) initiated with a Buy at Guggenheim; tgt $60
- Skye Bioscience (SKYE) initiated with an Overweight at Piper Sandler; tgt $12
- Smith Douglas Homes Corp (SDHC) initiated with a Neutral at Wedbush; tgt $23
- Smith Douglas Homes Corp (SDHC) initiated with an Overweight at JP Morgan; tgt $31.50
- Smith Douglas Homes Corp (SDHC) initiated with a Peer Perform at Wolfe Research
- SpringWorks Therapeutics (SWTX) initiated with a Buy at Guggenheim; tgt $75
- Smith Douglas Homes Corp (SDHC) initiated with a Neutral at BofA Securities; tgt $28
- Smith Douglas Homes Corp (SDHC) initiated with an Equal Weight at Wells Fargo; tgt $25
- Smith Douglas Homes Corp (SDHC) initiated with a Sector Perform at RBC Capital Mkts; tgt $26
- Soleno Therapeutics (SLNO) initiated with an Overweight at Piper Sandler; tgt $93
- Tencent Music (TME) initiated with a Buy at Redburn Atlantic; tgt $12
- Tencent Music (TME) initiated with an Outperform at CLSA; tgt $10.50
- United Therapeutics (UTHR) initiated with an Outperform at Leerink Partners; tgt $330