Research Calls
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Upgrades:
- Aurora Cannabis (ACB) upgraded to Buy from Hold at Canaccord Genuity
- Bunge (BG) upgraded to Buy from Hold at HSBC Securities; tgt lowered to $105
- Equity Lifestyle Properties (ELS) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $75
- FEMSA (FMX) upgraded to Buy from Hold at HSBC Securities; tgt raised to $152
- IGM Biosciences (IGMS) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $21
- Inotiv (NOTV) upgraded to Buy from Hold at Jefferies; tgt raised to $11.50
- Liberty Global (LBTYA) upgraded to Buy from Neutral at Citigroup; tgt raised to $24, opens 90-day positive catalyst watch
- United Airlines (UAL) upgraded to Outperform from In-line at Evercore ISI; tgt raised to $65
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Downgrades:
- Albemarle (ALB) downgraded to Neutral from Buy at Citigroup; tgt lowered to $120
- Banco Bradesco (BBD) downgraded to Hold from Buy at Jefferies
- CEMEX S.A. (CX) downgraded to Equal Weight from Overweight at Barclays; tgt $9
- Enersys (ENS) downgraded to Perform from Outperform at Oppenheimer
- Envista (NVST) downgraded to Hold from Buy at Jefferies; tgt lowered to $23
- Everest Group (EG) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $402
- Expedia Group (EXPE) downgraded to Neutral from Buy at BofA Securities; tgt $156
- lululemon athletica (LULU) downgraded to Underperform from Neutral at Exane BNP Paribas; tgt lowered to $415
- PayPal (PYPL) downgraded to Hold from Buy at DZ Bank; tgt $60
- Prudential (PRU) downgraded to Mkt Perform from Strong Buy at Raymond James
- Spectrum Brands (SPB) downgraded to Hold from Buy at Canaccord Genuity; tgt raised to $86
- Zurn Elkay Water Solutions (ZWS) downgraded to Neutral from Buy at Mizuho; tgt $34
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Others:
- Allurion Technologies (ALUR) initiated with a Buy at Jefferies; tgt $5
- Cleveland-Cliffs (CLF) resumed with an Overweight at JP Morgan; tgt $24
- Laboratory Corp (LH) initiated with an In-line at Evercore ISI; tgt $240
- Ocular Therapeutix (OCUL) initiated with a Buy at BofA Securities; tgt $15
- Pyxis Oncology (PYXS) initiated with a Buy at BTIG Research; tgt $8
- Tidewater (TDW) initiated with a Buy at Johnson Rice; tgt $88
- U.S. Steel (X) resumed with a Neutral at JP Morgan; tgt lowered to $47
- Citigroup opens 30-day positive catalyst watch on Zimmer Biomet (ZBH