Research Calls I
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Upgrades:
- 3M (MMM) upgraded to Peer Perform from Underperform at Wolfe Research
- AT&T (T) upgraded to Buy from Neutral at Citigroup; tgt $17
- First Bancshares (FBMS) upgraded to Buy from Neutral at DA Davidson; tgt $34
- Forward Air (FWRD) upgraded to Buy from Hold at Jefferies; tgt lowered to $85
- Heineken (HEINY) upgraded to Overweight from Neutral at JP Morgan
- NextEra Energy Partners (NEP) upgraded to Outperform from Mkt Perform at Raymond James; tgt $60
- Oracle (ORCL) upgraded to Buy from Neutral at UBS; tgt raised to $140
- Rockwell Automation (ROK) upgraded to Equal Weight from Underweight at Wells Fargo; tgt raised to $317
- Verizon (VZ) upgraded to Buy from Neutral at Citigroup; tgt raised to $40
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Downgrades:
- Celanese (CE) downgraded to Underweight from Neutral at Piper Sandler; tgt lowered to $112
- Dr. Reddy's (RDY) downgraded to Hold from Buy at HSBC Securities
- Emergent BioSolutions (EBS) downgraded to Hold from Buy at The Benchmark Company
- Farfetch (FTCH) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $5
- HSBC Holdings (HSBC) downgraded to Neutral from Buy at UBS
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Others:
- BigBear.ai (BBAI) initiated with a Buy at H.C. Wainwright; tgt $4
- Crane NXT (CXT) initiated with a Neutral at UBS; tgt $65
- Navitas Semiconductor (NVTS) initiated with an Equal-Weight at Morgan Stanley; tgt $9.20
- Xylem (XYL) initiated with a Neutral at Seaport Research Partners