>>> US Research Calls I

Research Calls I
  • Upgrades
    • Alignment Healthcare (ALHC) upgraded to Overweight from Neutral at JPMorgan, tgt $20
    • Baidu (BIDU) upgraded to Overweight from Neutral at JPMorgan, tgt $188
    • Barrick Mining (B) upgraded to Buy from Neutral at BofA Securities, tgt $48
    • Booking Holdings (BKNG) upgraded to Buy from Neutral at BofA Securities, tgt $6,000
    • Carvana (CVNA) upgraded to Outperform from Neutral at Wedbush, tgt $400
    • Cipher Mining (CIFR) upgraded to Overweight from Neutral at JPMorgan, tgt $18
    • CleanSpark (CLSK) upgraded to Overweight from Neutral at JPMorgan, tgt $14
    • Cummins (CMI) upgraded to Buy from Hold at Truist, tgt $628
    • Eversource Energy (ES) upgraded to Buy from Neutral at Janney
    • Flutter Entertainment (FLUT) upgraded to Buy from Hold at HSBC, tgt $228
    • Inspire Medical Systems (INSP) upgraded to Buy from Hold at Stifel
    • International Paper (IP) upgraded to Outperform from Underperform at BNP Paribas Exane, tgt $44
    • Magnera Corporation (MAGN) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $16
    • Merck (MRK) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $125
    • MP Materials (MP) upgraded to Outperform from Market Perform at BMO Capital, tgt $75
    • RB Global (RBA) upgraded to Outperform from Sector Perform at National Bank, tgt $124
    • Tractor Supply (TSCO) upgraded to Buy from Hold at Jefferies, tgt $64
    • Vornado (VNO) upgraded to Neutral from Underweight at JPMorgan, tgt $41
  • Downgrades
    • Argenx (ARGX) downgraded to Peer Perform from Outperform at Wolfe Research
    • BASF (BASFY) downgraded to Hold from Buy at Deutsche Bank
    • Brandywine Realty (BDN) downgraded to Underweight from Neutral at JPMorgan
    • JFrog (FROG) downgraded to Neutral from Buy at UBS, tgt $65
    • Jazz Pharmaceuticals (JAZZ) downgraded to Neutral from Buy at UBS, tgt $188
    • Kimbell Royalty Partners (KRP) downgraded to Sector Weight from Overweight at KeyBanc
    • PureCycle Technologies (PCT) downgraded to Hold from Buy at TD Cowen, tgt $9
    • QuantumScape (QS) downgraded to In Line from Outperform at Evercore ISI, tgt $12
  • Others
    • Airbnb (ABNB) initiated with a Neutral at BNP Paribas Exane
    • Adagene (ADAG) initiated with a Buy at Guggenheim, tgt $9
    • Amazon (AMZN) initiated with an Outperform at BNP Paribas Exane
    • Cadence Design (CDNS) initiated with a Buy at Citigroup, tgt $385
    • Clean Harbors (CLH) initiated with a Neutral at Goldman, tgt $228
    • eBay (EBAY) initiated with a Neutral at BNP Paribas Exane
    • Enlight Renewable Energy (ENLT) initiated with a Buy at UBS, tgt $47
    • Etsy (ETSY) initiated with a Neutral at BNP Paribas Exane
    • Expedia (EXPE) initiated with a Neutral at BNP Paribas Exane
    • GFL Environmental (GFL) initiated with a Neutral at Goldman, tgt $50
    • Granite Construction (GVA) initiated with a Neutral at Goldman, tgt $109
    • Hyatt Hotels (H) initiated with an Overweight at JPMorgan, tgt $178
    • Jacobs Engineering (J) initiated with a Buy at Goldman, tgt $158
    • Marvell (MRVL) initiated with a Hold at HSBC, tgt $85
    • MeiraGTx (MGTX) initiated with a Buy at H.C. Wainwright, tgt $20
    • Meta Platforms (META) initiated with an Outperform at BNP Paribas Exane, tgt $800
    • Navan (NAVN) initiated with an Outperform at Mizuho, tgt $25
    • Navan (NAVN) initiated with an Overweight at Morgan Stanley, tgt $19
    • Navan (NAVN) initiated with a Buy at Needham, tgt $25
    • Navan (NAVN) initiated with an Outperform at Oppenheimer, tgt $25
    • Navan (NAVN) initiated with a Buy at Goldman, tgt $29
    • Navan (NAVN) initiated with a Buy at Citigroup, tgt $26
    • Navan (NAVN) initiated with an Outperform at Citizens JMP, tgt $25
    • Navan (NAVN) initiated with a Buy at Jefferies, tgt $25
    • Passage Bio (PASG) initiated with a Buy at Lucid Capital, tgt $68
    • Primoris Services (PRIM) initiated with a Sell at Goldman, tgt $117
    • Qnity Electronics (Q) initiated with a Buy at Deutsche Bank, tgt $92
    • Regeneron Pharma (REGN) initiated with a Buy at HSBC, tgt $890
    • Republic Services (RSG) initiated with a Buy at Goldman, tgt $255
    • Shopify (SHOP) initiated with a Neutral at BNP Paribas Exane
    • Silgan Holdings (SLGN) initiated with a Neutral at UBS, tgt $42
    • Synopsys (SNPS) initiated with a Buy at Citigroup, tgt $580
    • Stellantis (STLA) initiated with a Neutral at Goldman, tgt $10
    • T1 Energy (TE) initiated with a Buy at Roth Capital, tgt $7
    • Voyager Technologies (VOYG) reinstated with an Overweight at JPMorgan, tgt $43
    • Volkswagen (VWAGY) initiated with a Neutral at Goldman
    • Waste Connections (WCN) initiated with a Buy at Goldman, tgt $202
    • Waste Management (WM) initiated with a Buy at Goldman, tgt $256