>>> US Research Calls I

Research Calls I
  • Upgrades
    • BCE Inc (BCE) upgraded to Sector Outperform from Neutral at CIBC
    • Colgate-Palmolive (CL) upgraded to Outperform from Sector Perform at RBC Capital, tgt $88
    • Eaton (ETN) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $413
    • Intel (INTC) upgraded to Outperform from Hold at KGI Securities, tgt $52
    • Lyell Immunopharma (LYEL) upgraded to Buy from Neutral at H.C. Wainwright, tgt $45
    • Otis Worldwide (OTIS) upgraded to Outperform from Neutral at BNP Paribas Exane, tgt $105
    • RELX (RELX) upgraded to Buy from Hold at Deutsche Bank
    • RPM International (RPM) upgraded to Outperform from Sector Perform at RBC Capital, tgt $132
    • Synopsys (SNPS) upgraded to Buy from Neutral at Rosenblatt, tgt $560
    • Viking Holdings (VIK) upgraded to Buy from Neutral at Goldman, tgt $78
    • WAVE Life Sciences (WVE) upgraded to Outperform from Sector Perform at RBC Capital, tgt $27
  • Downgrades
    • Alibaba (BABA) downgraded to Neutral from Buy at Arete, tgt $172
    • Alexander & Baldwin (ALEX) downgraded to Neutral from Overweight at Piper Sandler, tgt $21
    • FMC (FMC) downgraded to Underweight from Equal Weight at Barclays, tgt $13
    • JD.com (JD) downgraded to Neutral from Buy at Arete, tgt $32
    • Norwegian Cruise Line (NCLH) downgraded to Neutral from Buy at Goldman, tgt $21
    • PDD Holdings (PDD) downgraded to Neutral from Buy at Arete, tgt $130
    • Sanofi (SNY) downgraded to Neutral from Buy at Guggenheim
    • SLM Corp. (SLM) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $31
    • Vertiv (VRT) downgraded to Peer Perform from Outperform at Wolfe Research
    • Volvo (VLVLY) downgraded to Hold from Buy at Deutsche Bank
    • Warner Bros. Discovery (WBD) downgraded to Neutral from Buy at Seaport Research
  • Others
    • Affirm (AFRM) initiated with a Peer Perform at Wolfe Research
    • Agilent (A) initiated with a Buy at Goldman, tgt $170
    • AerCap (AER) initiated with a Buy at Truist, tgt $159
    • Align Technology (ALGN) initiated with an Equal Weight at Barclays, tgt $170
    • Alvotech (ALVO) initiated with an Underweight at Barclays, tgt $5
    • Amneal Pharmaceuticals (AMRX) initiated with an Overweight at Barclays, tgt $15
    • Amer Sports (AS) initiated with an Overweight at Barclays, tgt $49
    • Amphastar Pharmaceuticals (AMPH) initiated with an Equal Weight at Barclays, tgt $30
    • American Airlines (AAL) initiated with a Market Perform at BMO Capital, tgt $16.75
    • Bausch Health (BHC) initiated with an Equal Weight at Barclays, tgt $8
    • Bruker (BRKR) initiated with a Sell at Goldman, tgt $40
    • Cardinal Health (CAH) initiated with an Overweight at Barclays, tgt $243
    • Cencora (COR) initiated with an Overweight at Barclays, tgt $400
    • Collegium Pharmaceutical (COLL) initiated with an Overweight at Barclays, tgt $58
    • Danaher (DHR) initiated with a Buy at Goldman, tgt $265
    • Dentsply Sirona (XRAY) initiated with an Underweight at Barclays, tgt $12
    • Delta Air Lines (DAL) initiated with an Outperform at BMO Capital, tgt $80
    • Doximity (DOCS) initiated with an Overweight at Barclays, tgt $63
    • Elanco (ELAN) initiated with an Overweight at Barclays, tgt $30
    • Envista (NVST) initiated with an Overweight at Barclays, tgt $24
    • Galaxy Digital (GLXY) initiated with an Outperform at Citizens JMP, tgt $60
    • GoodRx (GDRX) initiated with an Underweight at Barclays, tgt $3
    • HealthEquity (HQY) initiated with an Overweight at Barclays, tgt $118
    • Henry Schein (HSIC) initiated with an Overweight at Barclays, tgt $86
    • Hims & Hers (HIMS) initiated with an Overweight at Barclays, tgt $48
    • IDEXX Laboratories (IDXX) initiated with an Overweight at Barclays, tgt $850
    • LifeStance (LFST) initiated with an Overweight at Barclays, tgt $8
    • Ligand Pharmaceuticals (LGND) initiated with a Buy at Citigroup, tgt $270
    • McKesson (MCK) initiated with an Overweight at Barclays, tgt $960
    • Mettler-Toledo (MTD) initiated with a Neutral at Goldman, tgt $1,475
    • Micron (MU) initiated with a Buy at HSBC, tgt $330
    • NRG Energy (NRG) initiated with a Buy at UBS
    • Organon (OGN) initiated with an Underweight at Barclays, tgt $7.50
    • Owlet (OWLT) initiated with an Outperform at William Blair
    • Pacira (PCRX) initiated with an Equal Weight at Barclays, tgt $27
    • Penske Automotive (PAG) resumed with a Buy at BofA Securities, tgt $195
    • Phathom Pharmaceuticals (PHAT) initiated with an Equal Weight at Barclays, tgt $16
    • Phreesia (PHR) initiated with an Overweight at Barclays, tgt $26
    • Progyny (PGNY) initiated with an Overweight at Barclays, tgt $29
    • Reddit (RDDT) initiated with a Buy at China Renaissance; tgt $300
    • Revvity (RVTY) initiated with a Neutral at Goldman, tgt $105
    • Roblox (RBLX) initiated with a Hold at Freedom Capital, tgt $99
    • Sarepta (SRPT) initiated with an Outperform at Wedbush, tgt $32
    • Southwest (LUV) initiated with a Market Perform at BMO Capital, tgt $43
    • Talkspace (TALK) initiated with an Equal Weight at Barclays, tgt $3.50
    • Tarsus Pharmaceuticals (TARS) initiated with an Overweight at Barclays, tgt $100
    • Teladoc (TDOC) initiated with an Equal Weight at Barclays, tgt $8.50
    • T1 Energy (TE) initiated with a Buy at Alliance Global Partners, tgt $8.50
    • Teva (TEVA) initiated with an Overweight at Barclays, tgt $35
    • Thermo Fisher (TMO) initiated with a Buy at Goldman, tgt $685
    • United Airlines (UAL) initiated with an Outperform at BMO Capital, tgt $125
    • Urban Outfitters (URBN) initiated with a Neutral at Goldman, tgt $83
    • Viatris (VTRS) initiated with an Overweight at Barclays, tgt $15
    • Vor Biopharma (VOR) initiated with an Overweight at JPMorgan, tgt $43
    • Xeris Biopharma (XERS) initiated with an Overweight at Barclays; tgt $9
    • XOMA (XOMA) initiated with a Buy at Lucid Capital, tgt $76
    • Zoetis (ZTS) initiated with an Equal Weight at Barclays, tgt $136