>>> US Research Calls I

Research Calls I
  • Upgrades:
    • American Airlines (AAL) upgraded to Neutral from Underperform at BofA Securities; tgt raised to $20
    • Applied Materials (AMAT) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $225
    • AT&T (T) upgraded to Neutral from Sell at Arete
    • Axalta Coating Systems (AXTA) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $41
    • Clearwater Analytics (CWAN) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $34
    • Cloudflare (NET) upgraded to Buy from Neutral at Citigroup; tgt raised to $145
    • DuPont (DD) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $91
    • Enersys (ENS) upgraded to Outperform from Perform at Oppenheimer; tgt $115
    • Lam Research (LRCX) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $95
    • Life360 (LIF) upgraded to Buy from Neutral at UBS; tgt raised to $55
    • Lumentum (LITE) upgraded to Overweight from Underweight at Barclays; tgt raised to $125
    • MoonLake Immunotherapeutics (MLTX) upgraded to Buy from Neutral at Goldman; tgt raised to $82
    • Salesforce (CRM) upgraded to Buy from Hold at TD Cowen; tgt raised to $400
    • SAP SE (SAP) upgraded to Buy from Hold at TD Cowen; tgt raised to $305
    • Ultrapar Participacoes (UGP) upgraded to Buy from Hold at HSBC Securities
    • Ventas (VTR) upgraded to Outperform from Neutral at Robert W. Baird; tgt lowered to $65
  • Downgrades:
    • AmBev (ABEV) downgraded to Neutral from Buy at BofA Securities
    • Avantor (AVTR) downgraded to Neutral from Buy at UBS; tgt lowered to $25
    • Charles River (CRL) downgraded to Neutral from Buy at UBS; tgt lowered to $185
    • H&E Equipment (HEES) downgraded to Neutral from Buy at UBS; tgt raised to $92
    • HubSpot (HUBS) downgraded to Hold from Buy at TD Cowen; tgt raised to $725
    • JetBlue Airways (JBLU) downgraded to Underperform from Neutral at BofA Securities; tgt $6.50
    • Lucky Strike Entertainment (LUCK) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $12
    • Rapid7 (RPD) downgraded to Hold from Buy at Stifel; tgt lowered to $42
    • Southwest Air (LUV) downgraded to Underperform from Neutral at BofA Securities; tgt $31
    • Spotify (SPOT) downgraded to Peer Perform from Outperform at Wolfe Research
    • Tenable (TENB) downgraded to Hold from Buy at Stifel; tgt lowered to $45
    • Tenaris (TS) downgraded to Hold from Buy at Kepler
    • Warby Parker (WRBY) downgraded to In-line from Outperform at Evercore ISI; tgt $23
  • Others:
    • Atlassian (TEAM) initiated with a Neutral at Cantor Fitzgerald; tgt $264
    • Builders FirstSource (BLDR) initiated with an Outperform at Raymond James; tgt $180
    • Cloudflare (NET) initiated with a Neutral at Cantor Fitzgerald; tgt $111
    • Commvault Systems (CVLT) initiated with a Neutral at Cantor Fitzgerald; tgt $159
    • ConocoPhillips (COP) initiated with a Buy at TD Cowen; tgt $125
    • Crocs (CROX) downgraded to Hold from Buy at Williams Trading
    • Datadog (DDOG) initiated with an Overweight at Cantor Fitzgerald; tgt $180
    • DigitalOcean (DOCN) initiated with a Neutral at Cantor Fitzgerald; tgt $39
    • Dynatrace (DT) initiated with a Neutral at Cantor Fitzgerald; tgt $58
    • Elastic (ESTC) initiated with a Neutral at Cantor Fitzgerald; tgt $108
    • Expand Energy Corporation (EXE) initiated with a Hold at TD Cowen; tgt $108
    • Five9 (FIVN) initiated with an Overweight at Cantor Fitzgerald; tgt $46
    • Flutter Entertainment (FLUT) initiated with a Buy at Stifel; tgt $320
    • Informatica (INFA) initiated with a Neutral at Cantor Fitzgerald; tgt $29
    • Microsoft (MSFT) initiated with an Overweight at Cantor Fitzgerald; tgt $509
    • Monday.com (MNDY) initiated with an Overweight at Cantor Fitzgerald; tgt $292
    • MongoDB (MDB) initiated with an Overweight at Cantor Fitzgerald; tgt $344
    • NICE (NICE) initiated with a Neutral at Cantor Fitzgerald; tgt $176
    • Oracle (ORCL) initiated with an Overweight at Cantor Fitzgerald; tgt $214
    • Orion Group (ORN) initiated with a Buy at DA Davidson; tgt $11
    • Palantir Technologies (PLTR) initiated with a Neutral at Cantor Fitzgerald; tgt $72
    • Semtech (SMTC) initiated with a Buy at UBS; tgt $85
    • ServiceNow (NOW) initiated with an Overweight at Cantor Fitzgerald; tgt $1332
    • Snowflake (SNOW) initiated with an Overweight at Cantor Fitzgerald; tgt $201
    • Sterling Infrastructure (STRL) initiated with an Outperform at William Blair
    • Watsco (WSO) initiated with a Mkt Perform at Raymond James
    • Zoom Communications (ZM) initiated with a Neutral at Cantor Fitzgerald; tgt $87