>>> US Research Calls I

Research Calls I
  • Upgrades
    • Allison Transmission (ALSN) upgraded to Strong Buy from Outperform at Raymond James, tgt $110
    • Bayer (BAYRY) upgraded to Overweight from Neutral at JPMorgan
    • Cemex (CX) upgraded to Sector Perform from Underperform at RBC Capital, tgt $11.25
    • Canadian Pacific (CP) upgraded to Overweight from Equal Weight at Morgan Stanley
    • CNX Resources (CNX) upgraded to Neutral from Underweight at JPMorgan, tgt $38
    • Compass (COMP) upgraded to Overweight from Equal Weight at Barclays, tgt $13
    • Devon Energy (DVN) upgraded to Overweight from Neutral at JPMorgan, tgt $44
    • Equity Lifestyle (ELS) upgraded to Outperform from Sector Perform at RBC Capital, tgt $70
    • Exxon Mobil (XOM) upgraded to Neutral from Underperform at BNP Paribas Exane, tgt $114
    • Five Below (FIVE) upgraded to Buy from Hold at Truist, tgt $216
    • Generac (GNRC) upgraded to Overweight from Neutral at JPMorgan, tgt $200
    • General Motors (GM) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $90
    • Incyte (INCY) upgraded to Outperform from Neutral at Mizuho, tgt $121
    • Inspire Medical (INSP) upgraded to Outperform from Perform at Oppenheimer, tgt $175
    • Jack Henry (JKHY) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $215
    • Jefferies Financial (JEF) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $78
    • KB Home (KBH) upgraded to Overweight from Equal Weight at Barclays, tgt $71
    • MasterCard (MA) upgraded to Buy from Hold at HSBC, tgt $633
    • Novartis (NVS) upgraded to Overweight from Neutral at JPMorgan
    • Old Dominion (ODFL) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $190
    • Oklo (OKLO) upgraded to Buy from Neutral at Seaport Research, tgt $150
    • Quanta Services (PWR) upgraded to Overweight from Neutral at JPMorgan, tgt $515
    • Ralliant (RAL) upgraded to Buy from Neutral at Citigroup, tgt $61
    • Roche (RHHBY) upgraded to Neutral from Underweight at JPMorgan
    • SiteOne Landscape (SITE) upgraded to Equal Weight from Underweight at Barclays, tgt $134
    • Synopsys (SNPS) upgraded to Neutral from Underperform at BofA Securities, tgt $500
    • Champion Homes (SKY) upgraded to Overweight from Equal Weight at Barclays, tgt $100
    • Thermo Fisher (TMO) upgraded to Overweight from Sector Weight at KeyBanc, tgt $750
    • Ulta Beauty (ULTA) upgraded to Buy from Hold at TD Cowen, tgt $725
    • Visa (V) upgraded to Buy from Hold at HSBC, tgt $389
    • Vodafone (VOD) upgraded to Overweight from Equal Weight at Barclays
  • Downgrades
    • 3M (MMM) downgraded to Hold from Buy at Deutsche Bank, tgt $178
    • Amrize (AMRZ) downgraded to Sector Perform from Outperform at RBC Capital, tgt $60
    • Antero Resources (AR) downgraded to Neutral from Overweight at JPMorgan, tgt $39
    • Enlight Renewable (ENLT) downgraded to Underweight from Neutral at JPMorgan, tgt $35
    • Ero Copper (ERO) downgraded to Hold from Buy at Jefferies
    • Evercore (EVR) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $373
    • Ferrari (RACE) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $425
    • Fluence Energy (FLNC) downgraded to Underperform from Neutral at Mizuho, tgt $15
    • Knot Offshore Partners (KNOP) downgraded to Neutral from Buy at Alliance Global
    • Lennar (LEN) downgraded to Underweight from Equal Weight at Barclays, tgt $98
    • Lucid Group (LCID) downgraded to Underweight from Equal Weight at Morgan Stanley, tgt $10
    • Marvell (MRVL) downgraded to Hold from Buy at Benchmark
    • Masco (MAS) downgraded to Equal Weight from Overweight at Barclays, tgt $71
    • Netflix (NFLX) downgraded to Hold from Buy at Pivotal Research, tgt $105
    • Novo Nordisk (NVO) downgraded to Hold from Buy at Argus
    • Occidental (OXY) downgraded to Underweight from Neutral at JPMorgan, tgt $44
    • PBF Energy (PBF) downgraded to Underperform from Peer Perform at Wolfe Research, tgt $23
    • Peoples Financial (PFIS) downgraded to Equal Weight from Overweight at Stephens, tgt $50
    • Primoris (PRIM) downgraded to Neutral from Overweight at JPMorgan, tgt $143
    • Procept BioRobotics (PRCT) downgraded to Neutral from Buy at BofA Securities, tgt $38
    • Range Resources (RRC) downgraded to Underweight from Neutral at JPMorgan, tgt $39
    • Rivian (RIVN) downgraded to Underweight from Equal Weight at Morgan Stanley, tgt $12
    • Sanofi (SNY) downgraded to Neutral from Overweight at JPMorgan
    • Tesla (TSLA) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $425
    • W.P. Carey (WPC) downgraded to Sector Perform from Outperform at RBC Capital, tgt $69
  • Others
    • Aveanna Healthcare (AVAH) initiated with an Outperform at William Blair
    • Blue Owl Technology Finance (OTF) initiated with an Outperform at Citizens JMP, tgt $17
    • BrightSpring Health (BTSG) initiated with an Outperform at William Blair
    • Canaan (CAN) initiated with a Buy at BTIG Research, tgt $3
    • Carlyle Secured Lending (CGBD) initiated with a Market Perform at Citizens JMP
    • Capital One (COF) assumed with an Outperform at Wolfe Research, tgt $270
    • Commvault (CVLT) initiated with an Outperform at Mizuho, tgt $190
    • Customers Bancorp (CUBI) initiated with an Equal Weight at Morgan Stanley, tgt $90
    • HeartBeam (BEAT) initiated with a Buy at H.C. Wainwright, tgt $2.50
    • Integra Resources (ITRG) initiated with a Buy at Roth Capital, tgt $5.75
    • Main Street Capital (MAIN) initiated with an Outperform at Citizens JMP, tgt $70
    • Matador Resources (MTDR) initiated with a Buy at Citigroup, tgt $53
    • LP Building Solutions (LPX) initiated with an Overweight at Barclays, tgt $100
    • Pasithea Therapeutics (KTTA) initiated with a Buy at H.C. Wainwright, tgt $3
    • Okyo Pharma (OKYO) initiated with a Buy at B. Riley, tgt $5
    • OneMain (OMF) initiated with a Buy at Truist, tgt $75
    • Pennant Group (PNTG) initiated with an Outperform at William Blair
    • Pinnacle Financial (PNFP) initiated with a Buy at BofA Securities, tgt $113
    • SanDisk (SNDK) initiated with a Neutral at JPMorgan, tgt $235
    • South Bow (SOBO) initiated with an Equal Weight at Barclays, tgt $27
    • Trinity Capital (TRIN) initiated with an Outperform at Citizens JMP, tgt $17.50