>>> US Research Calls I

Research Calls I
  • Upgrades
    • Allegiant Travel (ALGT) upgraded to Buy from Hold at Deutsche Bank, tgt $105
    • American Airlines (AAL) upgraded to Buy from Neutral at UBS
    • Baldwin Group (BWIN) upgraded to Equal Weight from Underweight at Wells Fargo, tgt $25
    • Bristol Myers (BMY) upgraded to Buy from Neutral at Guggenheim, tgt $62
    • BrightSpring Health (BTSG) upgraded to Overweight from Sector Weight at KeyBanc, tgt $45
    • Cboe Global Markets (CBOE) upgraded to Overweight from Equal Weight at Barclays, tgt $302
    • CenterPoint Energy (CNP) upgraded to Overweight from Sector Weight at KeyBanc, tgt $41
    • Choice Hotels (CHH) upgraded to Neutral from Underweight at JPMorgan, tgt $95
    • Citigroup (C) upgraded to Overweight from Neutral at JPMorgan, tgt $124
    • Clear Secure (YOU) upgraded to Overweight from Neutral at JPMorgan, tgt $42
    • Cousins Properties (CUZ) upgraded to Outperform from Neutral at Mizuho
    • Devon Energy (DVN) upgraded to Buy from Neutral at UBS
    • EastGroup Properties (EGP) upgraded to Overweight from Neutral at Piper Sandler, tgt $220
    • Gaming and Leisure (GLPI) upgraded to Overweight from Neutral at JPMorgan, tgt $53
    • InterContinental (IHG) upgraded to Buy from Hold at Jefferies
    • Lantheus (LNTH) upgraded to Buy from Hold at Truist, tgt $80
    • Lululemon (LULU) upgraded to Hold from Underperform at Jefferies, tgt $170
    • Magnolia Oil & Gas (MGY) upgraded to Outperform from Neutral at Mizuho
    • Relay Therapeutics (RLAY) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $13
    • SoundHound (SOUN) upgraded to Overweight from Neutral at Cantor Fitzgerald, tgt $15
    • Zymeworks (ZYME) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $33
  • Downgrades
    • Air Products (APD) downgraded to Neutral from Buy at UBS, tgt $250
    • Ameren (AEE) downgraded to Sector Weight from Overweight at KeyBanc
    • BOK Financial (BOKF) downgraded to Market Perform from Outperform at Hovde Group, tgt $129
    • Ciena (CIEN) downgraded to Market Perform from Outperform at Northland, tgt $190
    • easyJet (ESYJY) downgraded to Hold from Buy at Kepler Cheuvreux
    • Forge Global (FRGE) downgraded to Market Perform from Outperform at Citizens JMP
    • M&T Bank (MTB) downgraded to Hold from Buy at Truist, tgt $217
    • Nike (NKE) downgraded to Mixed from Positive view at BWG Global
    • PayPal (PYPL) downgraded to Neutral from Outperform at Robert W. Baird, tgt $66
    • Pinnacle West (PNW) downgraded to Sector Weight from Overweight at KeyBanc
    • Roblox (RBLX) downgraded to Neutral from Overweight at JPMorgan, tgt $100
    • RH (RH) downgraded to Hold from Buy at Stifel, tgt $165
    • SQM (SQM) downgraded to Neutral from Buy at Citigroup, tgt $74
    • Tradeweb Markets (TW) downgraded to Equal Weight from Overweight at Barclays, tgt $121
    • Valero (VLO) downgraded to Neutral from Outperform at Mizuho, tgt $192
    • Veeva (VEEV) downgraded to Sector Weight from Overweight at KeyBanc
  • Others
    • Aardvark Therapeutics (AARD) initiated with Outperform at William Blair
    • AppFolio (APPF) initiated with Buy at UBS, tgt $285
    • Astrana Health (ASTH) initiated with Buy at Needham, tgt $28
    • Boeing (BA) initiated with Buy at Citigroup, tgt $265
    • Booz Allen (BAH) initiated with Neutral at Citigroup, tgt $93
    • Badger Meter (BMI) initiated with Buy at Jefferies, tgt $220
    • British American Tobacco (BTI) initiated with Buy at Kepler Cheuvreux
    • CACI (CACI) initiated with Neutral at Citigroup, tgt $642
    • Celcuity (CELC) initiated with Overweight at Wells Fargo, tgt $126
    • Delta Air Lines (DAL) assumed with Buy at UBS, tgt $90
    • Ducommun (DCO) initiated with Buy at Citigroup, tgt $110
    • General Dynamics (GD) initiated with Neutral at Citigroup, tgt $371
    • GE Aerospace (GE) initiated with Buy at Citigroup, tgt $386
    • Gran Tierra (GTE) initiated with Buy at Roth MKM, tgt $5.45
    • Heico (HEI) initiated with Buy at Citigroup, tgt $367
    • HII (HII) initiated with Buy at Citigroup, tgt $376
    • Howmet Aerospace (HWM) initiated with Buy at Citigroup, tgt $246
    • Karman (KRMN) initiated with Buy at Citigroup, tgt $84
    • Leidos (LDOS) initiated with Buy at Citigroup, tgt $218
    • L3Harris Technologies (LHX) initiated with Buy at Citigroup, tgt $331
    • Life360 (LIF) initiated with Buy at DA Davidson, tgt $94
    • Lockheed Martin (LMT) initiated with Neutral at Citigroup, tgt $505
    • Loar Holdings (LOAR) initiated with Buy at Citigroup, tgt $83
    • Magnum Ice Cream (MICC) initiated with Neutral at Goldman, tgt $16
    • Moderna (MRNA) initiated with Hold at Jefferies, tgt $30
    • National Grid (NGG) initiated with Overweight at Morgan Stanley, tgt $85.50
    • Northrop Grumman (NOC) initiated with Buy at Citigroup, tgt $654
    • Palatin (PTN) initiated with Buy at Laidlaw, tgt $60
    • Parsons (PSN) initiated with Buy at Citigroup, tgt $86
    • Phathom Pharmaceuticals (PHAT) initiated with Strong Buy at Raymond James, tgt $28
    • Pitney Bowes (PBI) initiated with Hold at Truist, tgt $11
    • Planet Labs (PL) initiated with Buy at Citigroup, tgt $19
    • Procept BioRobotics (PRCT) initiated with Buy at UBS, tgt $62
    • QXO (QXO) initiated with Buy at Loop Capital, tgt $31
    • Ralliant (RAL) initiated with Buy at Truist, tgt $62
    • RTX (RTX) initiated with Buy at Citigroup, tgt $211
    • SAIC (SAIC) initiated with Buy at Citigroup, tgt $122
    • South State (SSB) initiated with Overweight at JPMorgan, tgt $115
    • Teledyne (TDY) initiated with Neutral at Citigroup, tgt $567
    • Textron (TXT) initiated with Neutral at Citigroup, tgt $91
    • Tyler Technologies (TYL) initiated with Buy at TD Cowen, tgt $650
    • United Airlines (UAL) assumed with Buy at UBS, tgt $142
    • VSE Corp. (VSEC) initiated with Buy at Citigroup, tgt $215
    • V2X (VVX) initiated with Neutral at Citigroup, tgt $62
    • Watts Water (WTS) initiated with Hold at Jefferies, tgt $300
    • Zurn Elkay (ZWS) initiated with Buy at Jefferies, tgt $58