Research Calls I
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Upgrades:
- Affirm (AFRM) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt raised to $37
- Home Depot upgraded to Buy from Hold at Loop Capital; tgt raised to $460
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Downgrades:
- ArcBest (ARCB) downgraded to Peer Perform from Outperform at Wolfe Research
- BP (BP) downgraded to Neutral from Outperform at Exane BNP Paribas
- Blackstone (BX) downgraded to Neutral from Overweight at Piper Sandler; tgt $149
- Ciena (CIEN) downgraded to Neutral from Outperform at Exane BNP Paribas; tgt raised to $67
- Commercial Metals (CMC) downgraded to Peer Perform from Outperform at Wolfe Research
- FactSet (FDS) downgraded to Sell from Neutral at Redburn Atlantic; tgt lowered to $380
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Others:
- AFC Gamma (AFCG) initiated with a Buy at Seaport Research Partners; tgt $13
- Aflac (AFL) initiated with a Hold at TD Cowen; tgt $102
- ArcBest (ARCB) initiated with a Neutral at Citigroup; tgt $111
- Blue Bird (BLBD) initiated with a Buy at BTIG Research; tgt $55
- Canadian Nat'l Rail (CNI) initiated with a Neutral at Citigroup; tgt $125
- Canadian Pacific Kansas City Ltd. (CP) initiated with a Buy at Citigroup; tgt $97
- C.H. Robinson (CHRW) initiated with a Neutral at Citigroup; tgt $115
- Chewy (CHWY) initiated with a Buy at TD Cowen; tgt $38
- Corebridge Financial (CRBG) initiated with a Buy at TD Cowen; tgt $35
- Crocs (CROX) initiated with a Buy at Guggenheim; tgt $182
- CSX (CSX) initiated with a Buy at Citigroup; tgt $42
- Deckers Outdoor (DECK) initiated with a Neutral at Guggenheim
- FedEx (FDX) initiated with a Buy at Citigroup; tgt $301
- G-III Apparel (GIII) initiated with a Buy at Guggenheim; tgt $36
- GitLab (GTLB) initiated with an Overweight at Morgan Stanley; tgt $70
- Globe Life (GL) initiated with a Buy at TD Cowen; tgt $150
- GXO Logistics (GXO) initiated with a Buy at Citigroup; tgt $60
- Shift4 Payments (FOUR) initiated with an Overweight at Barclays; tgt $120