Research Calls
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Upgrades:
- Carnival (CCL) upgraded to Buy from Neutral at Redburn Atlantic; tgt $23
- Etsy (ETSY) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $100
- First Bancorp (FBNC) upgraded to Buy from Neutral at DA Davidson; tgt lowered to $34
- First Solar (FSLR) upgraded to Outperform from Market Perform at BMO Capital Markets; tgt $237
- JFrog (FROG) upgraded to Outperform from Mkt Perform at William Blair
- MetLife (MET) upgraded to Buy from Hold at Jefferies; tgt raised to $72
- Norwegian Cruise Line (NCLH) upgraded to Buy from Neutral at Redburn Atlantic; tgt $25
- Oracle (ORCL) upgraded to Buy from Hold at DZ Bank; tgt $125
- Prudential (PRU) upgraded to Hold from Underperform at Jefferies; tgt raised to $93
- Rio Tinto (RIO) upgraded to Overweight from Neutral at JP Morgan
- Semtech (SMTC) upgraded to Buy from Hold at Summit Insights
- Semtech (SMTC) upgraded to Positive from Neutral at Susquehanna; tgt $30
- Virtu Financial (VIRT) upgraded to Buy from Neutral at Citigroup; tgt $20
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Downgrades:
- Arco Platform (ARCE) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $14
- CS Disco (LAW) downgraded to Market Perform from Outperform at MoffettNathanson; tgt $9
- Carrier Global (CARR) downgraded to Neutral from Buy at Mizuho; tgt lowered to $61
- Digital Turbine (APPS) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $8
- Frontier Group Holdings (ULCC) downgraded to Market Perform from Outperform at TD Cowen; tgt lowered to $8
- IBEX Ltd. (IBEX) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $18
- J.M. Smucker (SJM) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $145
- MSCI (MSCI) downgraded to Neutral from Buy at Redburn Atlantic; tgt lowered to $554
- RTX (RTX) downgraded to Hold from Buy at DZ Bank; tgt $79
- RTX (RTX) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $75
- Semtech (SMTC) downgraded to Hold from Buy at The Benchmark Company
- Telefonica S.A. (TEF) downgraded to Underperform from Neutral at Exane BNP Paribas
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Others:
- BJ's Wholesale (BJ) initiated with an Outperform at TD Cowen; tgt $80
- Dragonfly Energy (DFLI) initiated with a Buy at ROTH MKM; tgt $4
- Fortrea (FTRE) initiated with an In-line at Evercore ISI; tgt $31
- First Advantage Corp. (FA) initiated with an Outperform at Wolfe Research; tgt $17
- Hecla Mining (HL) resumed with an Outperform at BMO Capital Markets; tgt $5.50
- Herbalife Nutrition (HLF) initiated with a Neutral at DA Davidson; tgt $13.50
- HireRight Holdings (HRT) initiated with a Peer Perform at Wolfe Research
- Moody's (MCO) initiated with an Outperform at Wolfe Research; tgt $390
- RAPT Therapeutics (RAPT) initiated with a Buy at Berenberg; tgt $34
- S&P Global (SPGI) initiated with an Outperform at Wolfe Research; tgt $453
- Sterling Check Corp. (STER) assumed with a Peer Perform at Wolfe Research