>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Banc of California (BANC) upgraded to Outperform from Neutral at Wedbush; tgt raised to $18
    • BioNTech (BNTX) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $145
    • CNH Industrial (CNH) upgraded to Outperform from Mkt Perform at Raymond James; tgt $14
    • Columbia Banking (COLB) upgraded to Outperform from Neutral at Wedbush; tgt raised to $31
    • Comerica (CMA) upgraded to Outperform from Neutral at Wedbush; tgt raised to $75
    • Salesforce (CRM) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $325
  • Downgrades:
    • Baidu (BIDU) downgraded to Hold from Buy at HSBC Securities; tgt $100
    • BP (BP) downgraded to Neutral from Buy at Redburn Atlantic
    • Costco (COST) downgraded to Hold from Buy at Truist; tgt $873
    • Customers Bancorp (CUBI) downgraded to Neutral from Outperform at Wedbush; tgt lowered to $53
    • DouYu (DOYU) downgraded to Reduce from Hold at HSBC Securities
    • Equity Residential (EQR) downgraded to Neutral from Buy at BofA Securities; tgt raised to $82
    • Essex Property (ESS) downgraded to Neutral from Buy at BofA Securities; tgt raised to $321
    • First Citizens BancShares (FCNCA) downgraded to Neutral from Outperform at Wedbush; tgt lowered to $2150
    • First Horizon (FHN) downgraded to Neutral from Outperform at Wedbush; tgt lowered to $17
    • Invitation Homes (INVH) downgraded to Neutral from Buy at BofA Securities; tgt $37
    • Kenvue (KVUE) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt $24
    • Leonardo DRS (DRS) downgraded to Neutral from Buy at BofA Securities; tgt raised to $30
  • Others:
    • Church & Dwight (CHD) initiated with an Overweight at Piper Sandler; tgt $120
    • Colgate-Palmolive (CL) initiated with an Overweight at Piper Sandler; tgt $121
    • Crescent Energy Company (CRGY) resumed with an Outperform at Evercore ISI; tgt $17
    • Dayforce (DAY) initiated with an Overweight at KeyBanc Capital Markets; tgt $70
    • DoorDash (DASH) resumed with an Outperform at Raymond James; tgt $155
    • EHang (EH) initiated with a Buy at China Renaissance
    • GE Vernova (GEV) initiated with a Buy at Guggenheim; tgt $300
    • Instacart (CART) initiated with a Mkt Perform at Raymond James
    • Juniper Networks (JNPR) resumed with a Neutral at Citigroup; tgt $40
    • Kenvue (KVUE) initiated with a Buy at Jefferies; tgt $27