>>> US Research Calls I

Research Calls I
  • Upgrades
    • Archer Daniels Midland (ADM) upgraded to Neutral from Underperform at BofA Securities
    • Autoliv (ALV) upgraded to Overweight from Equal Weight at Barclays
    • Church & Dwight (CHD) upgraded to Buy from Neutral at BofA Securities
    • DuPont (DD) upgraded to Neutral from Underperform at BofA Securities
    • Element Solutions (ESI) upgraded to Buy from Neutral at BofA Securities
    • Expand Energy (EXE) upgraded to Overweight from Equal Weight at Barclays, tgt $122
    • Hormel Foods (HRL) upgraded to Neutral from Underperform at BofA Securities
    • HubSpot (HUBS) upgraded to Buy from Neutral at UBS
    • KKR (KKR) upgraded to Buy from Hold at HSBC, tgt $119
    • Neurocrine (NBIX) upgraded to Buy from Hold at Needham, tgt $138
    • TotalEnergies (TTE) upgraded to Outperform from Neutral at Exane BNP Paribas
    • Triumph Group (TGI) upgraded to Neutral from Underweight at JPMorgan, tgt $26
    • Verve Therapeutics (VERV) upgraded to Overweight from Neutral at Cantor Fitzgerald
    • Victory Capital (VCTR) upgraded to Buy from Neutral at B. Riley Securities, tgt $70
    • Westlake (WLK) upgraded to Buy from Neutral at BofA Securities, tgt $75
  • Downgrades
    • Air Products (APD) downgraded to Underperform from Neutral at BofA Securities
    • Ameresco (AMRC) downgraded to Neutral from Outperform at Robert W. Baird
    • Aptiv (APTV) downgraded to Equal Weight from Overweight at Barclays
    • Cemex (CX) downgraded to Neutral from Outperform at Bradesco BBI, tgt $7.50
    • Chevron (CVX) downgraded to Neutral from Outperform at Exane BNP Paribas, tgt $140
    • Church & Dwight (CHD) downgraded to Buy from Neutral at BofA Securities
    • Coty (COTY) downgraded to Underperform from Buy at BofA Securities, tgt $4.50
    • Daqo New Energy (DQ) downgraded to Neutral from Buy at Goldman
    • Dentsply Sirona (XRAY) downgraded to Equal Weight from Overweight at Morgan Stanley
    • Dow Inc. (DOW) downgraded to Underperform from Buy at BofA Securities
    • Elevance Health (ELV) downgraded to Neutral from Outperform at Robert W. Baird
    • Exelon (EXC) downgraded to In Line from Outperform at Evercore ISI
    • General Motors (GM) downgraded to Equal Weight from Overweight at Barclays
    • Green Plains (GPRE) downgraded to Neutral from Buy at BofA Securities
    • HCA Healthcare (HCA) downgraded to Neutral from Outperform at Robert W. Baird
    • Howmet Aerospace (HWM) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $118
    • Hexcel (HXL) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $55
    • Huntsman (HUN) downgraded to Neutral from Buy at BofA Securities
    • Ironwood (IRWD) downgraded to Hold from Buy at Jefferies, tgt $0.70
    • Ironwood (IRWD) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $1
    • Littelfuse (LFUS) downgraded to Neutral from Outperform at Robert W. Baird
    • Mobileye (MBLY) downgraded to Equal Weight from Overweight at Barclays
    • Molina Healthcare (MOH) downgraded to Neutral from Outperform at Robert W. Baird
    • Paramount Group (PGRE) downgraded to Underweight from Equal Weight at Morgan Stanley, tgt $3.25
    • PepsiCo (PEP) downgraded to Neutral from Buy at BofA Securities, tgt $155
    • PPG (PPG) downgraded to Neutral from Buy at BofA Securities
    • Rallybio (RLYB) downgraded to Hold from Buy at JonesResearch
    • Tenet Healthcare (THC) downgraded to Neutral from Outperform at Robert W. Baird
    • Universal Health (UHS) downgraded to Neutral from Outperform at Robert W. Baird
    • Visteon (VC) downgraded to Equal Weight from Overweight at Barclays
  • Others
    • Amentum (AMTM) initiated with a Buy at BTIG Research, tgt $30
    • Arm (ARM) initiated with a Neutral at KGI Securities, tgt $130
    • Aurora Innovation (AUR) initiated with a Buy at Needham, tgt $10
    • Heico (HEI) initiated with an Equal Weight at Wells Fargo, tgt $244
    • MercadoLibre (MELI) initiated with a Buy at The Benchmark Company, tgt $2,500
    • Nike (NKE) initiated with a Hold at Berenberg, tgt $58
    • RedCloud (RCT) initiated with a Buy at Clear Street, tgt $7
    • RedCloud (RCT) initiated with a Buy at Roth Capital, tgt $5
    • RxSight (RXST) initiated with a Neutral at Piper Sandler, tgt $18
    • SiriusPoint (SPNT) initiated with a Hold at Jefferies, tgt $17