>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Ally Financial (ALLY) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $52
    • Church & Dwight (CHD) upgraded to Neutral from Sell at Citigroup, tgt $87
    • Church & Dwight (CHD) upgraded to Buy from Hold at Jefferies, tgt $102
    • FactSet (FDS) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $307
    • Gap (GAP) upgraded to Outperform from Market Perform at Telsey Advisory Group, tgt $32
    • Gap (GAP) upgraded to Outperform from Neutral at Robert W. Baird, tgt $33
    • Gaming and Leisure Properties (GLPI) upgraded to Outperform from Neutral at Mizuho, tgt $50
    • Guidewire (GWRE) upgraded to Buy from Neutral at DA Davidson, tgt $250
    • Herc Holdings (HRI) upgraded to Overweight from Sector Weight at KeyBanc, tgt $200
    • Hyatt Hotels (H) upgraded to Overweight from Equal Weight at Barclays, tgt $200
    • Invesco (IVZ) upgraded to Buy from Hold at Deutsche Bank, tgt $31
    • Motorola Solutions (MSI) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $436
    • New Jersey Resources (NJR) upgraded to Outperform from Neutral at Mizuho, tgt $54
    • Procter & Gamble (PG) upgraded to Buy from Hold at Jefferies, tgt $179
    • Recursion Pharmaceuticals (RXRX) upgraded to Overweight from Neutral at JPMorgan, tgt $11
    • Rollins (ROL) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $72
    • SQM (SQM) upgraded to Overweight from Neutral at JPMorgan, tgt $79
    • Summit Therapeutics (SMMT) upgraded to Equal Weight from Underweight at Barclays, tgt $18
    • Texas Roadhouse (TXRH) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $195
    • Travel + Leisure (TNL) upgraded to Equal Weight from Underweight at Barclays, tgt $70
    • UL Solutions (ULS) upgraded to Outperform from Neutral at Robert W. Baird, tgt $97
    • Urban Outfitters (URBN) upgraded to Outperform from Market Perform at Telsey Advisory Group, tgt $98
    • Victoria's Secret (VSCO) upgraded to Outperform from Market Perform at Telsey Advisory Group, tgt $66
  • Downgrades:
    • Avantor (AVTR) downgraded to Underperform from Hold at Jefferies, tgt $9
    • Bally's (BALY) downgraded to Underweight from Equal Weight at Barclays, tgt $11
    • Brown-Forman (BF.B) downgraded to Sell from Neutral at Citigroup, tgt $27
    • Clarivate (CLVT) downgraded to Underweight from Equal Weight at Morgan Stanley, tgt $3
    • Constellation Brands (STZ) downgraded to Hold from Buy at Jefferies, tgt $154
    • Essential Utilities (WTRG) downgraded to Underweight from Overweight at Barclays, tgt $38
    • Fortinet (FTNT) downgraded to Underweight from Neutral at JPMorgan, tgt $75
    • Keurig Dr Pepper (KDP) downgraded to Hold from Buy at Jefferies, tgt $32
    • MGM Resorts (MGM) downgraded to Equal Weight from Overweight at Barclays, tgt $38
    • Palo Alto Networks (PANW) downgraded to Neutral from Overweight at JPMorgan, tgt $235
    • PVH Corp. (PVH) downgraded to Market Perform from Outperform at Telsey Advisory Group, tgt $82
  • Others:
    • AAR Corp. (AIR) initiated with a Buy at Jefferies, tgt $100
    • Airbnb (ABNB) upgraded to Outperform from Sector Perform at RBC Capital
    • Agilysys (AGYS) initiated with a Neutral at BTIG Research
    • Amicus Therapeutics (FOLD) initiated with a Buy at Citigroup, tgt $17
    • Amplitude (AMPL) initiated with a Buy at BTIG Research, tgt $14
    • Apogee Therapeutics (APGE) initiated with an Overweight at Stephens, tgt $95
    • Asana (ASAN) initiated with a Neutral at BTIG Research
    • Atlassian (TEAM) assumed with a Buy at BTIG Research, tgt $220
    • Autodesk (ADSK) initiated with a Buy at BTIG Research, tgt $365
    • Bloomin' Brands (BLMN) initiated with a Buy at Freedom Capital, tgt $10
    • Braze (BRZE) assumed with a Buy at BTIG Research, tgt $45
    • Celsius Holdings (CELH) initiated with a Sector Weight at KeyBanc
    • Cheesecake Factory (CAKE) initiated with a Hold at Freedom Capital, tgt $56
    • Coinbase Global (COIN) initiated with a Buy at Deutsche Bank
    • CyberArk Software (CYBR) reinstated with a Neutral at JPMorgan
    • DLocal (DLO) initiated with an Outperform at Itau BBA, tgt $21
    • DocuSign (DOCU) initiated with a Buy at BTIG Research, tgt $88
    • D-Wave Quantum (QBTS) initiated with an Outperform at Wedbush, tgt $35
    • Eastern Bankshares (EBC) initiated with an Equal Weight at Barclays, tgt $22
    • Enovis (ENOV) initiated with a Buy at Freedom Capital, tgt $45
    • Eos Energy Enterprises (EOSE) initiated with a Neutral at JPMorgan, tgt $16
    • First Commonwealth Financial (FCF) assumed with an Overweight at Piper Sandler
    • Freshworks (FRSH) initiated with a Neutral at BTIG Research
    • Garrett Motion (GTX) initiated with an Overweight at JPMorgan, tgt $23
    • GitLab (GTLB) initiated with a Buy at BTIG Research, tgt $52
    • Globus Medical (GMED) initiated with a Hold at Freedom Capital, tgt $87
    • Grupo Aeromexico (AERO) initiated with a Buy at Citigroup, tgt $27
    • Grupo Aeromexico (AERO) initiated with a Buy at Deutsche Bank, tgt $25
    • Grupo Aeromexico (AERO) initiated with a Buy at Goldman, tgt $35
    • Grupo Aeromexico (AERO) initiated with an Overweight at Barclays, tgt $27
    • Grupo Aeromexico (AERO) initiated with an Overweight at Morgan Stanley, tgt $30
    • Hancock Whitney (HWC) initiated with an Overweight at Barclays, tgt $76
    • HubSpot (HUBS) initiated with a Buy at BTIG Research, tgt $500
    • Independent Bank Corp. (INDB) initiated with an Equal Weight at Barclays, tgt $80
    • Inspired Entertainment (INSE) initiated with a Buy at Texas Capital, tgt $17
    • IonQ (IONQ) initiated with an Outperform at Wedbush, tgt $60
    • JFrog (FROG) initiated with a Buy at BTIG Research, tgt $83
    • Malibu Boats (MBUU) initiated with a Buy at Seaport Research, tgt $36
    • monday.com (MNDY) initiated with a Buy at BTIG Research, tgt $210
    • nCino (NCNO) initiated with a Neutral at BTIG Research
    • NorthWest Bancshares (NWBI) assumed with a Neutral at Piper Sandler
    • OneStream (OS) initiated with a Buy at BTIG Research, tgt $25
    • Pacs Group (PACS) reinstated with an Overweight at JPMorgan, tgt $44
    • Paycom Software (PAYC) assumed with a Buy at BTIG Research, tgt $195
    • Paylocity (PCTY) assumed with a Buy at BTIG Research, tgt $180
    • Philips (PHG) initiated with a Sector Perform at RBC Capital
    • Pony AI (PONY) initiated with an Equal Weight at Barclays, tgt $15
    • Procore Technologies (PCOR) initiated with a Buy at BTIG Research, tgt $88
    • Quantum Computing (QUBT) initiated with a Neutral at Wedbush, tgt $12
    • Rigetti Computing (RGTI) initiated with an Outperform at Wedbush, tgt $35
    • Robinhood Markets (HOOD) initiated with a Buy at Truist, tgt $15
    • Samsara (IOT) initiated with a Buy at BTIG Research, tgt $88
    • ServiceNow (NOW) assumed with a Buy at BTIG Research, tgt $1,000
    • ServiceTitan (TTAN) initiated with a Buy at BTIG Research, tgt $13
    • Shake Shack (SHAK) initiated with a Buy at Freedom Capital, tgt $120
    • Spotify (SPOT) initiated with an Outperform at Citizens, tgt $800
    • Spyre Therapeutics (SYRE) initiated with a Buy at Citigroup
    • Tyler Technologies (TYL) assumed with a Buy at BTIG Research, tgt $560
    • Vicor (VICR) initiated with a Buy at Roth Capital, tgt $115
    • Vor Bio (VOR) initiated with a Buy at TD Cowen
    • WesBanco (WSBC) assumed with an Overweight at Piper Sandler
    • Wingstop (WING) initiated with a Buy at Freedom Capital, tgt $320
    • Workday (WDAY) assumed with a Buy at BTIG Research, tgt $285
    • Workiva (WK) initiated with a Buy at BTIG Research, tgt $105
    • Zoom Communications (ZM) assumed with a Buy at BTIG Research, tgt $105
    • ZoomInfo (GTM) initiated with a Buy at BTIG Research, tgt $13