>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Air Products (APD) upgraded to Outperform from Market Perform at BMO Capital, tgt $360
    • Caterpillar (CAT) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $915
    • Hershey (HSY) upgraded to Buy from Hold at TD Cowen, tgt $210
    • Pilgrim's Pride (PPC) upgraded to Overweight from Equal Weight at Barclays, tgt $42
    • Roblox (RBLX) upgraded to Hold from Sell at TD Cowen
    • TKO Group (TKO) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $225
    • WTW (WTW) upgraded to Outperform from Market Perform at BMO Capital, tgt $300
  • Downgrades:
    • Avis Budget (CAR) downgraded to Hold from Buy at Jefferies, tgt $160
    • Beacon Financial (BBT) downgraded to Market Perform from Strong Buy at Raymond James
    • e.l.f. Beauty (ELF) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $67
    • KalVista (KALV) downgraded to Neutral from Buy at H.C. Wainwright, tgt $27
    • Methanex (MEOH) downgraded to Neutral from Overweight at JPMorgan, tgt $65
    • Roblox (RBLX) downgraded to Neutral from Buy at BofA Securities, tgt $48
    • Roblox (RBLX) downgraded to Market Perform from Outperform at Raymond James
    • Ryan Specialty (RYAN) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $31
    • Sunbelt Rentals (SUNB) downgraded to Underweight from Neutral at JPMorgan, tgt $75
    • Truist Financial (TFC) downgraded to Neutral from Outperform at Robert W. Baird, tgt $55
  • Others:
    • Apogee Therapeutics (APGE) initiated with a Buy at Rothschild & Co Redburn, tgt $140
    • Arrowhead (ARWR) initiated with an Overweight at JPMorgan, tgt $88
    • Astera Labs (ALAB) initiated with a Neutral at Rothschild & Co Redburn, tgt $153
    • Celestica (CLS) initiated with a Buy at Rothschild & Co Redburn, tgt $460
    • Ciena (CIEN) initiated with a Neutral at Rothschild & Co Redburn, tgt $416
    • Coherent (COHR) initiated with a Buy at Rothschild & Co Redburn, tgt $455
    • Commvault (CVLT) initiated with a Peer Perform at Wolfe Research
    • Credo Technology (CRDO) initiated with a Buy at Rothschild & Co Redburn, tgt $206
    • Dutch Bros (BROS) initiated with an Outperform at Oppenheimer, tgt $72
    • Evommune (EVMN) initiated with a Buy at Stifel, tgt $54
    • Lumentum (LITE) initiated with a Buy at Rothschild & Co Redburn, tgt $1,270
    • Lyell Immunopharma (LYEL) initiated with an Outperform at Robert W. Baird, tgt $49
    • MGM Resorts (MGM) resumed with Hold from Buy at Jefferies, tgt $44
    • Paramount Skydance (PSKY) assumed at Overweight from Underweight at Morgan Stanley, tgt $14
    • Rubrik (RBRK) initiated with an Outperform at Wolfe Research, tgt $70
    • Septerna (SEPN) initiated with a Buy at Stifel, tgt $43
    • Suncrete (RMIX) initiated with a Buy at Jefferies, tgt $19
    • Toyota (TM) resumed with an Equal Weight at Morgan Stanley