>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Borr Drilling (BORR) upgraded to Outperform from In-line at Evercore ISI; tgt $9
    • Federal Realty (FRT) upgraded to Buy from Neutral at Citigroup; tgt raised to $135
    • Medical Properties Trust (MPW) upgraded to Buy from Neutral at Colliers Securities; tgt $6.50
    • Roche Hldg (RHHBY) upgraded to Buy from Neutral at BofA Securities
    • Sabra Health Care REIT (SBRA) upgraded to Buy from Neutral at Citigroup; tgt raised to $20
    • SL Green Realty (SLG) upgraded to Neutral from Sell at Citigroup; tgt raised to $66
    • Sunstone Hotel (SHO) upgraded to Equal Weight from Underweight at Wells Fargo; tgt $10.50
    • Xenia Hotels (XHR) upgraded to Overweight from Equal Weight at Wells Fargo; tgt lowered to $15
  • Downgrades:
    • Alexandria RE (ARE) downgraded to Neutral from Buy at Citigroup; tgt lowered to $125
    • AstraZeneca (AZN) downgraded to Sell from Hold at Deutsche Bank
    • Capri Holdings (CPRI) downgraded to Neutral from Buy at Citigroup; tgt $41
    • CubeSmart (CUBE) downgraded to Neutral from Buy at UBS; tgt raised to $54
    • Fulcrum Therapeutics (FULC) downgraded to Neutral from Buy at H.C. Wainwright; tgt lowered to $4
    • Garmin (GRMN) downgraded to Underweight from Equal Weight at Barclays; tgt lowered to $133
    • Halliburton (HAL) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $37
    • Moderna (MRNA) downgraded to Perform from Outperform at Oppenheimer
    • Moderna (MRNA) downgraded to Underweight from Neutral at JP Morgan; tgt lowered to $70
    • Moderna (MRNA) downgraded to Hold from Buy at Jefferies; tgt lowered to $65
    • Nabors Industries (NBR) downgraded to Neutral from Buy at Citigroup; tgt lowered to $75
    • RLJ Lodging Trust (RLJ) downgraded to Underweight from Equal Weight at Wells Fargo; tgt lowered to $9
    • Sendas Distribuidora S.A. (ASAI) downgraded to Neutral from Buy at BofA Securities
    • Voya Financial (VOYA) downgraded to Mkt Perform from Strong Buy at Raymond James
  • Others:
    • Arm Holdings plc (ARM) initiated with an Outperform at Raymond James; tgt $160
    • Constellation Energy (CEG) initiated with a Hold at Jefferies; tgt $186
    • Eli Lilly (LLY) resumed with a Buy at Citigroup; tgt $1060
    • GE Vernova (GEV) initiated with an Outperform at BMO Capital Markets; tgt $245
    • Kiniksa Pharmaceuticals (KNSA) initiated with a Buy at Jefferies; tgt $40
    • Nature's Sunshine (NATR) initiated with a Buy at Canaccord Genuity; tgt $18
    • NRG Energy (NRG) initiated with a Hold at Jefferies; tgt $82
    • NuScale Power (SMR) initiated with an Outperform at CLSA; tgt $11
    • Oruka Therapeutics (ORKA) initiated with a Buy at Jefferies; tgt $40
    • Public Service (PEG) initiated with a Hold at Jefferies; tgt $85
    • SolarWinds (SWI) initiated with a Sector Perform at Scotiabank
    • Talen Energy (TLN) initiated with a Buy at Jefferies; tgt $226
    • TKO Group Holdings (TKO) initiated with a Buy at Pivotal Research Group; tgt $170
    • Vistra Corp. (VST) initiated with a Buy at Jefferies; tgt $99