>>> US Research Calls I

Research Calls I
  • Upgrades
    • Accelerant (ARX) upgraded to Buy from Neutral at Goldman, tgt $19.50
    • Affirm (AFRM) upgraded to Buy from Neutral at Rothschild & Co Redburn, tgt $101
    • Axalta Coating (AXTA) upgraded to Buy from Neutral at Citigroup, tgt $34
    • Blackstone Secured Lending Fund (BXSL) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $30
    • Blue Owl Technology Finance (OTF) upgraded to Overweight at Wells Fargo, tgt $15
    • Brinker (EAT) upgraded to Buy from Neutral at BofA Securities, tgt $192
    • Charles River (CRL) upgraded to Outperform from Market Perform at William Blair
    • Fidus Investment (FDUS) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $21.50
    • Ford (F) upgraded to Hold from Underperform at Jefferies, tgt $12
    • FS KKR Capital (FSK) upgraded to Equal Weight from Underweight at Wells Fargo, tgt $15
    • Intellia (NTLA) upgraded to Outperform from Market Perform at Citizens JMP, tgt $33
    • Kayne Anderson BDC (KBDC) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $16.50
    • Lennox (LII) upgraded to Equal Weight from Underweight at Wells Fargo, tgt $575
    • Micron (MU) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $220
    • Mobileye (MBLY) upgraded to Buy from Hold at Deutsche Bank, tgt $19
    • Morgan Stanley Direct Lending (MSDL) upgraded to Overweight at Wells Fargo, tgt $17
    • MSC Income Fund (MSIF) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $16.50
    • PennantPark Floating Rate (PFLT) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $10.50
    • TPG (TPG) upgraded to Overweight from Neutral at JPMorgan, tgt $78
  • Downgrades
    • Abercrombie & Fitch (ANF) downgraded to Neutral from Overweight at JPMorgan, tgt $103
    • AT&T (T) downgraded to Sector Perform from Outperform at Scotiabank, tgt $30.25
    • Bath & Body Works (BBWI) downgraded to Neutral from Overweight at JPMorgan, tgt $26
    • Boston Beer (SAM) downgraded to Neutral from Buy at Citigroup, tgt $235
    • Check Point (CHKP) downgraded to Sector Perform from Outperform at Scotiabank, tgt $205
    • Elastic (ESTC) downgraded to Sector Perform from Outperform at Scotiabank, tgt $90
    • Emerson (EMR) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $140
    • Lithium Americas (LAC) downgraded to Underperform from Sector Perform at Scotiabank, tgt $5
    • OR Royalties (OR) downgraded to Hold from Buy at Jefferies, tgt $40
    • Papa John's (PZZA) downgraded to Neutral from Buy at BofA Securities, tgt $50
    • Portillo's (PTLO) downgraded to Neutral from Buy at BofA Securities, tgt $7
    • Rambus (RMBS) downgraded to Neutral from Positive at Susquehanna, tgt $100
    • Shake Shack (SHAK) downgraded to Underperform from Neutral at BofA Securities, tgt $86
    • Sociedad Quimica y Minera (SQM) downgraded to Hold from Buy at Jefferies, tgt $50
    • Sweetgreen (SG) downgraded to Neutral from Buy at BofA Securities, tgt $9.50
  • Others
    • AvePoint (AVPT) initiated with a Buy at DBS Bank
    • Cassava Sciences (SAVA) initiated with a Buy at Lucid Capital, tgt $8
    • Charter (CHTR) resumed with a Buy at Citigroup, tgt $325
    • Commerce Bancshares (CBSH) initiated with an Outperform at Hovde Group, tgt $70
    • Figure (FIGR) initiated with a Buy at Goldman, tgt $42
    • Figure (FIGR) initiated with a Buy at Needham, tgt $51
    • Figure (FIGR) initiated with an Outperform at Keefe Bruyette, tgt $48.50
    • Figure (FIGR) initiated with an Outperform at Mizuho, tgt $47
    • Figure (FIGR) initiated with an Outperform at Bernstein, tgt $54
    • Figure (FIGR) initiated with an Overweight at Piper Sandler, tgt $50
    • Figure (FIGR) initiated with a Neutral at BofA Securities, tgt $41
    • Figure (FIGR) initiated with a Neutral at Autonomous, tgt $41
    • Figure (FIGR) initiated with a Hold at Jefferies, tgt $40
    • Invivyd (IVVD) initiated with an Overweight at Cantor Fitzgerald, tgt $10
    • Klarna (KLAR) initiated with a Buy at Goldman, tgt $55
    • Klarna (KLAR) initiated with a Buy at BofA Securities, tgt $51
    • Klarna (KLAR) initiated with a Buy at Deutsche Bank, tgt $48
    • Klarna (KLAR) initiated with a Buy at Citigroup, tgt $58
    • Klarna (KLAR) initiated with a Buy at UBS, tgt $48
    • Klarna (KLAR) initiated with an Outperform at Keefe Bruyette, tgt $52
    • Klarna (KLAR) initiated with an Outperform at Wolfe Research, tgt $50
    • Klarna (KLAR) initiated with an Outperform at Autonomous, tgt $51
    • Klarna (KLAR) initiated with an Overweight at JPMorgan, tgt $50
    • Klarna (KLAR) initiated with an Equal Weight at Morgan Stanley, tgt $43
    • Klarna (KLAR) initiated with a Neutral at Rothschild & Co Redburn, tgt $46
    • Klarna (KLAR) initiated with a Neutral at BNP Paribas Exane, tgt $46
    • Klarna (KLAR) initiated with a Market Perform at Bernstein, tgt $45
    • LB Pharmaceuticals (LBRX) initiated with an Outperform at Leerink, tgt $34
    • LB Pharmaceuticals (LBRX) initiated with an Overweight at Piper Sandler, tgt $78
    • LB Pharmaceuticals (LBRX) initiated with a Buy at Stifel, tgt $27
    • M&T Bank (MTB) assumed with an Overweight at Piper Sandler, tgt $225
    • Ondas (ONDS) initiated with a Buy at H.C. Wainwright, tgt $12
    • Skyward Specialty Insurance (SKWD) initiated with a Buy at Janney
    • TG Therapeutics (TGTX) assumed with a Buy at H.C. Wainwright, tgt $60