>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Airbnb (ABNB) upgraded to Neutral from Underweight at Cantor Fitzgerald, tgt $141
    • Air Products & Chemicals (APD) upgraded to Neutral from Underperform at BofA Securities, tgt $275
    • Alphabet (GOOGL) upgraded to Overweight from Neutral at Cantor Fitzgerald, tgt $370
    • Chubb (CB) upgraded to Buy from Neutral at Goldman, tgt $351
    • Coinbase Global (COIN) upgraded to Buy from Neutral at BofA Securities, tgt $340
    • Elevance Health (ELV) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $425
    • Enhabit Home Health & Hospice (EHAB) upgraded to Buy from Neutral at UBS, tgt $12
    • Figma (FIG) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $52
    • Ford Motor (F) upgraded to Overweight from Neutral at Piper Sandler, tgt $16
    • Fortrea (FTRE) upgraded to Buy from Hold at Truist, tgt $22
    • Gap (GAP) upgraded to Buy from Neutral at UBS, tgt $41
    • Generac Holdings (GNRC) upgraded to Buy from Neutral at Citigroup, tgt $207
    • General Motors (GM) upgraded to Overweight from Neutral at Piper Sandler, tgt $98
    • HF Sinclair (DINO) upgraded to Overweight from Neutral at Piper Sandler, tgt $68
    • J.B. Hunt Transport Services (JBHT) upgraded to Positive from Neutral at Susquehanna, tgt $240
    • Jack Henry (JKHY) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $220
    • Merck (MRK) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $135
    • Nurix Therapeutics (NRIX) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $36
    • Omnicell (OMCL) upgraded to Overweight from Sector Weight at KeyBanc, tgt $60
    • PBF Energy (PBF) upgraded to Overweight from Underweight at Piper Sandler, tgt $40
    • Progressive (PGR) upgraded to Overweight from Equal Weight at Barclays, tgt $265
    • Repsol (REPYY) upgraded to Buy from Hold at Jefferies
    • Roku (ROKU) upgraded to Outperform from In Line at Evercore ISI, tgt $145
    • Steven Madden (SHOO) upgraded to Buy from Hold at Needham, tgt $50
    • Stellantis (STLA) upgraded to Overweight from Neutral at Piper Sandler, tgt $15
    • Terreno Realty (TRNO) upgraded to Outperform from Neutral at Robert W. Baird, tgt $64
    • TotalEnergies (TTE) upgraded to Buy from Hold at Jefferies
    • Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital, tgt $67
    • Wabtec (WAB) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $245
    • Yum! Brands (YUM) upgraded to Buy from Hold at Gordon Haskett
  • Downgrades:
    • AbbVie (ABBV) downgraded to Peer Perform from Outperform at Wolfe Research
    • Absci (ABSI) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $4.32
    • Alcoa (AA) downgraded to Underweight from Neutral at JPMorgan, tgt $50
    • AMH (AMH) downgraded to Neutral from Outperform at Mizuho, tgt $32
    • Arcus Biosciences (RCUS) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $20
    • Axsome Therapeutics (AXSM) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $204
    • Ball Corp. (BALL) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $63
    • BorgWarner (BWA) downgraded to Neutral from Overweight at Piper Sandler, tgt $51
    • Clarivate (CLVT) downgraded to Neutral from Buy at Goldman, tgt $3.60
    • Contineum Therapeutics (CTNM) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $14
    • Darden Restaurants (DRI) downgraded to Hold from Buy at Truist, tgt $207
    • Digital Realty Trust (DLR) downgraded to Neutral from Buy at BofA Securities, tgt $170
    • Euronet Worldwide (EEFT) downgraded to Underperform from Peer Perform at Wolfe Research, tgt $80
    • Exelixis (EXEL) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $48
    • ICON plc (ICLR) downgraded to Hold from Buy at Truist, tgt $222
    • Intuit (INTU) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $700
    • Invitation Homes (INVH) downgraded to Neutral from Outperform at Mizuho, tgt $27
    • IO Biotech (IOBT) downgraded to Underweight from Equal Weight at Morgan Stanley, tgt $0.36
    • J.B. Hunt Transport Services (JBHT) downgraded to Neutral from Buy at Citigroup, tgt $221
    • Leidos Holdings (LDOS) downgraded to Hold from Buy at Stifel, tgt $220
    • Logitech International (LOGI) downgraded to Neutral from Outperform at BNP Paribas Exane, tgt $106
    • Marqeta (MQ) downgraded to Peer Perform from Outperform at Wolfe Research
    • Marqeta (MQ) downgraded to Neutral from Outperform at Mizuho, tgt $4.50
    • Neurocrine Biosciences (NBIX) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $175
    • Nike (NKE) downgraded to Hold from Buy at Needham
    • PotlatchDeltic (PCH) downgraded to Market Perform from Outperform at BMO Capital, tgt $45
    • Prologis (PLD) downgraded to Neutral from Outperform at Robert W. Baird, tgt $130
    • Ryder System (R) downgraded to Peer Perform from Outperform at Wolfe Research
    • Saia (SAIA) downgraded to Peer Perform from Outperform at Wolfe Research
    • Sigma Lithium (SGML) downgraded to Underperform from Neutral at BofA Securities, tgt $13
    • Toast (TOST) downgraded to Peer Perform from Outperform at Wolfe Research
    • Tractor Supply (TSCO) downgraded to Hold from Accumulate at Gordon Haskett, tgt $50
    • Travelers (TRV) downgraded to Neutral from Buy at Goldman, tgt $304
    • Unilever (UL) downgraded to Neutral from Outperform at BNP Paribas Exane, tgt $71
    • UPS (UPS) downgraded to Peer Perform from Outperform at Wolfe Research
    • Vale (VALE) downgraded to Sector Perform from Outperform at Scotiabank, tgt $15
    • Vestis (VSTS) downgraded to Sell from Neutral at Goldman, tgt $5.30
    • XPO (XPO) downgraded to Peer Perform from Outperform at Wolfe Research
    • XPO (XPO) downgraded to Neutral from Buy at Citigroup, tgt $171
  • Others:
    • Bicara Therapeutics (BCAX) initiated with a Buy at BTIG Research, tgt $28
    • Bread Financial Holdings (BFH) initiated with a Buy at UBS, tgt $92
    • Capri Holdings (CPRI) resumed with a Neutral at Goldman, tgt $27
    • Equinor (EQNR) reinstated with a Hold at Jefferies
    • Evommune (EVMN) initiated with a Strong Buy at Raymond James, tgt $40
    • Figma (FIG) initiated with a Hold at Stifel, tgt $40
    • Intuit (INTU) initiated with a Buy at TD Cowen, tgt $802
    • Polaris Industries (PII) initiated with a Buy at Seaport Research, tgt $83
    • Reddit (RDDT) initiated with a Neutral at Cantor Fitzgerald, tgt $240
    • Rithm Capital (RITM) resumed with a Buy at UBS, tgt $16
    • Tyler Technologies (TYL) initiated with a Buy at Stifel, tgt $550