Research Calls
- Upgrades:
- Arista Networks (ANET) upgraded to Overweight from Equal Weight at Barclays; tgt $131
- Oxford Industries (OXM) upgraded to Neutral from Sell at Citigroup; tgt raised to $105
- PBF Energy (PBF) upgraded to Overweight from Neutral at JP Morgan; tgt $43
- Downgrades:
- Arthur J. Gallagher (AJG) downgraded to Neutral from Overweight at Piper Sandler; tgt $195
- Associated British Foods (ASBFY) downgraded to Neutral from Buy at UBS
- Block (SQ) downgraded to Neutral from Outperform at SMBC Nikko; tgt lowered to $70
- Cisco (CSCO) downgraded to Equal Weight from Overweight at Barclays
- Micron (MU) downgraded to Neutral from Buy at Mizuho; tgt lowered to $56
- Sotera Health (SHC) downgraded to Underweight from Overweight at JP Morgan; tgt lowered to $9
- Others:
- ADC Therapeutics (ADCT) initiated with an Overweight at JP Morgan; tgt $5
- Adicet Bio (ACET) initiated with an Overweight at JP Morgan; tgt $23
- Apollo Medical (AMEH) initiated with an Outperform at William Blair
- Crocs (CROX) initiated with a Neutral at Exane BNP Paribas
- Datadog (DDOG) assumed with an Outperform at Robert W. Baird; tgt $120
- Dynatrace (DT) assumed with an Outperform at Robert W. Baird; tgt $49
- Gossamer Bio (GOSS) initiated with a Neutral at JP Morgan; tgt $17
- Intellia Therapeutics (NTLA) initiated with an Overweight at JP Morgan; tgt $85
- Micron (MU) initiated with a Hold at Stifel; tgt $56
- On (ONON) initiated with an Outperform at Exane BNP Paribas
- PayPal (PYPL) added to US 1 List at BofA Securities
- Steven Madden (SHOO) initiated with an Outperform at Exane BNP Paribas
- Xencor (XNCR) initiated with an Overweight at JP Morgan; tgt $37