Research Calls
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Upgrades:
- Adobe (ADBE) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $580
- Bank of America (BAC) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt raised to $46
- Hasbro (HAS) upgraded to Buy from Neutral at BofA Securities; tgt raised to $80
- Ionis Pharma (IONS) upgraded to Mkt Perform from Underperform at Bernstein; tgt $44
- Ovintiv (OVV) upgraded to Outperform from In-line at Evercore ISI; tgt $60
- Ryder System (R) upgraded to Buy from Hold at Vertical Research; tgt raised to $145
- Shopify (SHOP) upgraded to Outperform from In-line at Evercore ISI; tgt $75
- Tutor Perini (TPC) upgraded to Buy from Neutral at UBS; tgt raised to $27
- Varonis Systems (VRNS) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $54
- Zscaler (ZS) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $230
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Downgrades:
- 8x8 (EGHT) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $2
- APA Corp. (APA) downgraded to In-line from Outperform at Evercore ISI; tgt lowered to $39
- Bandwidth (BAND) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $15
- Huntington Banc (HBAN) downgraded to Underweight from Neutral at Piper Sandler; tgt lowered to $11.50
- Twilio (TWLO) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $60
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Others:
- AZZ (AZZ) initiated with a Outperform at Evercore ISI; tgt $90
- Chord Energy (CHRD) resumed with a Buy at BofA Securities; tgt $201
- ConocoPhillips (COP) resumed with a Buy at BofA Securities; tgt $147
- Coterra Energy (CTRA) resumed with a Buy at BofA Securities; tgt $34
- Five Below (FIVE) resumed with a Neutral at BofA Securities; tgt $125
- GDEV Inc. (GDEV) initiated with a Perform at Oppenheimer
- Granite Ridge Resources (GRNT) resumed with a Neutral at BofA Securities; tgt $7
- MicroStrategy (MSTR) initiated with a Outperform at Bernstein; tgt $2890
- Permian Resources (PR) resumed with a Buy at BofA Securities; tgt $20
- Roblox (RBLX) initiated with a Outperform at Macquarie; tgt $46
- Red Cat Holdings (RCAT) initiated with a Buy at Ladenburg Thalmann; tgt $4
- Signet Jewelers (SIG) reiterated with a Buy at Citigroup; tgt $119
- Vital Energy (VTLE) reiterated with a Underperform at BofA Securities