>>> US Research Calls I

Research Calls I
  • Upgrades
    • Acadian (AAMI) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $26
    • Ally Financial (ALLY) upgraded to Buy from Neutral at Compass Point, tgt $41
    • Ameriprise Financial (AMP) upgraded to Strong Buy from Market Perform at Raymond James, tgt $518
    • Apollo Commercial Real Estate Finance (ARI) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $10
    • Axalta Coating Systems (AXTA) upgraded to Buy from Neutral at UBS, tgt $40
    • Bank of America (BAC) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $47
    • Commerce Bancshares (CBSH) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $58
    • Cousins Properties (CUZ) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $31
    • Diamondback Energy (FANG) upgraded to Buy from Neutral at Citigroup, tgt $180
    • Dollar General (DG) upgraded to Neutral from Sell at Citigroup, tgt $101
    • Dollar Tree (DLTR) upgraded to Buy from Neutral at Citigroup, tgt $103
    • Fifth Third Bancorp (FITB) upgraded to Outperform from Neutral at Robert W. Baird, tgt $47
    • First Horizon National (FHN) upgraded to Outperform from Neutral at Robert W. Baird, tgt $22
    • Five Below (FIVE) upgraded to Neutral from Underweight at JPMorgan, tgt $57
    • JetBlue Airways (JBLU) upgraded to Outperform from Market Perform at Raymond James, tgt $5
    • KeyCorp (KEY) upgraded to Outperform from Neutral at Robert W. Baird, tgt $18
    • Mettler-Toledo (MTD) upgraded to Buy from Neutral at Citigroup, tgt $1,400
    • One Gas Inc. (OGS) upgraded to Buy from Hold at Jefferies, tgt $84
    • Roku Inc. (ROKU) upgraded to Buy from Neutral at Redburn Atlantic, tgt $100
    • Saia Inc. (SAIA) upgraded to Outperform from Market Perform at BMO Capital, tgt $455
    • Scotts Miracle-Gro (SMG) upgraded to Buy from Hold at Jefferies, tgt $69
    • Sealed Air (SEE) upgraded to Buy from Neutral at UBS, tgt $38
    • UWM Holdings Corp. (UWMC) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $6.50
  • Downgrades
    • AdvanSix (ASIX) downgraded to Neutral from Overweight at Piper Sandler, tgt $26
    • Alaska Air (ALK) downgraded to Neutral from Buy at UBS, tgt $54
    • Babcock & Wilcox Enterprises (BW) downgraded to Neutral from Buy at DA Davidson, tgt $1
    • Bread Financial Holdings (BFH) downgraded to Underweight from Overweight at Morgan Stanley, tgt $33
    • California Resources (CRC) downgraded to Neutral from Buy at Citigroup, tgt $36
    • Caterpillar (CAT) downgraded to Sell from Neutral at UBS, tgt $243
    • Comerica (CMA) downgraded to Underweight from Equal Weight at Morgan Stanley, tgt $55
    • Cummins (CMI) downgraded to Sell from Buy at UBS, tgt $240
    • Delta Air Lines (DAL) downgraded to Neutral from Buy at UBS, tgt $42
    • EastGroup Properties (EGP) downgraded to Neutral from Overweight at Piper Sandler, tgt $175
    • East West Bancorp (EWBC) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $90
    • FOX Corp. (FOXA) downgraded to Underperform from Peer Perform at Wolfe Research
    • General Motors (GM) downgraded to Underperform from Market Perform at Bernstein, tgt $35
    • Goldman Sachs (GS) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $558
    • KKR Real Estate Financial Trust (KREF) downgraded to Market Perform from Outperform at Keefe Bruyette, tgt $10.75
    • LyondellBasell Industries (LYB) downgraded to Sell from Neutral at UBS, tgt $51
    • Martin Marietta Materials (MLM) downgraded to Neutral from Buy at UBS, tgt $491
    • Methanex (MEOH) downgraded to Neutral from Overweight at Piper Sandler, tgt $36
    • Navitas Semiconductor (NVTS) downgraded to Underweight from Equal Weight at Morgan Stanley, tgt $1.50
    • Northern Trust (NTRS) downgraded to Underweight from Equal Weight at Morgan Stanley, tgt $95
    • PACCAR (PCAR) downgraded to Sell from Neutral at UBS, tgt $78
    • Pinterest Inc. (PINS) downgraded to Market Perform from Outperform at Raymond James
    • Portillo's, Inc (PTLO) downgraded to Neutral from Outperform at Robert W. Baird, tgt $12
    • ProLogis (PLD) downgraded to Underperform from Sector Perform at Scotiabank, tgt $97
    • Q2 Holdings (QTWO) downgraded to Neutral from Buy at Compass Point, tgt $60
    • Sony (SONY) downgraded to Peer Perform from Outperform at Wolfe Research
    • Starbucks (SBUX) downgraded to Neutral from Outperform at Robert W. Baird, tgt $85
    • Synchrony Financial (SYF) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $44
    • Terex (TEX) downgraded to Sell from Neutral at UBS, tgt $32
    • Terreno Realty Corp (TRNO) downgraded to Neutral from Overweight at Piper Sandler, tgt $61
    • Udemy Inc (UDMY) downgraded to Hold from Buy at Truist, tgt $7
    • United Airlines (UAL) downgraded to Neutral from Buy at UBS, tgt $59
    • United Rentals (URI) downgraded to Sell from Neutral at UBS, tgt $485
    • VF Corp. (VFC) downgraded to Neutral from Buy at Citigroup, tgt $12
    • Vital Energy (VTLE) downgraded to Neutral from Buy at Citigroup, tgt $17
    • Vulcan Materials Company (VMC) downgraded to Neutral from Buy at UBS, tgt $258
  • Others
    • Axsome Therapeutics (AXSM) initiated with a Buy at Jefferies, tgt $200
    • BeiGene Ltd. (ONC) initiated with an Outperform at RBC Capital, tgt $312
    • HighPeak Energy (HPK) initiated with an Underperform at BofA Securities, tgt $10
    • Ionis Pharmaceuticals (IONS) initiated with a Buy at H.C. Wainwright, tgt $45
    • Netstreit Corp. (NTST) initiated with an Overweight at Wells Fargo, tgt $18
    • Semtech Corp. (SMTC) initiated with an Equal Weight at Morgan Stanley, tgt $30