>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Altria Group (MO) upgraded to Buy from Neutral at UBS, tgt $63
    • Allogene Therapeutics (ALLO) upgraded to Outperform from Market Perform at Citizens, tgt $5
    • American Airlines (AAL) upgraded to Positive from Neutral at Susquehanna, tgt $20
    • Antofagasta (ANFGY) upgraded to Buy from Neutral at Goldman
    • Ardelyx (ARDX) upgraded to Overweight from Neutral at Piper Sandler
    • Array Technologies (ARRY) upgraded to Buy from Hold at TD Cowen, tgt $12
    • Cardinal Health (CAH) upgraded to Buy from Neutral at Citigroup
    • CareTrust REIT (CTRE) upgraded to Outperform from Market Perform at BMO Capital, tgt $43
    • Choice Hotels (CHH) upgraded to Buy from Hold at Truist, tgt $126
    • Cleveland-Cliffs (CLF) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $17
    • Cousins Properties (CUZ) upgraded to Outperform from Market Perform at BMO Capital, tgt $31
    • CrowdStrike (CRWD) upgraded to Buy from Hold at Berenberg, tgt $600
    • DiamondRock Hospitality (DRH) upgraded to Buy from Hold at Truist, tgt $11
    • Donaldson (DCI) upgraded to Buy from Hold at Jefferies, tgt $120
    • Edwards Lifesciences (EW) upgraded to Buy from Hold at TD Cowen, tgt $97
    • Expeditors (EXPD) upgraded to Buy from Neutral at BofA Securities
    • FedEx (FDX) upgraded to Buy from Neutral at BofA Securities, tgt $365
    • Generac (GNRC) upgraded to Outperform from Neutral at Robert W. Baird
    • H2O America (HTO) upgraded to Buy from Neutral at BTIG Research, tgt $61
    • Host Hotels (HST) upgraded to Buy from Hold at Truist, tgt $21
    • Independence Realty Trust (IRT) upgraded to Outperform from Market Perform at BMO Capital, tgt $22
    • Lockheed Martin (LMT) upgraded to Buy from Hold at Truist, tgt $605
    • L'Oreal (LRLCY) upgraded to Buy from Neutral at UBS
    • Marks & Spencer (MAKSY) upgraded to Buy from Hold at Berenberg
    • Marriott International (MAR) upgraded to Outperform from Market Perform at BMO Capital, tgt $370
    • MoonLake Immunotherapeutics (MLTX) upgraded to Buy from Neutral at BTIG Research, tgt $24
    • NuScale Power (SMR) upgraded to Neutral from Underperform at BofA Securities, tgt $28
    • Ormat Technologies (ORA) upgraded to Buy from Hold at TD Cowen, tgt $130
    • Oscar Health (OSCR) upgraded to Neutral from Sell at UBS, tgt $17
    • Quanta Services (PWR) upgraded to Buy from Neutral at Seaport Research
    • RPM International (RPM) upgraded to Overweight from Neutral at JPMorgan, tgt $115
    • Schneider National (SNDR) upgraded to Buy from Neutral at BofA Securities, tgt $32
    • SiteOne Landscape Supply (SITE) upgraded to Outperform from Sector Perform at RBC Capital, tgt $151
    • SolarEdge Technologies (SEDG) upgraded to Buy from Hold at TD Cowen, tgt $38
    • Sotera Health (SHC) upgraded to Overweight from Neutral at Piper Sandler, tgt $24
    • Southwest Airlines (LUV) upgraded to Overweight from Underweight at JPMorgan, tgt $60
    • Sun Country Airlines (SNCY) upgraded to Positive from Neutral at Susquehanna, tgt $20
    • UPS (UPS) upgraded to Neutral from Underperform at BofA Securities, tgt $114
    • Waste Management (WM) upgraded to Buy from Neutral at UBS, tgt $260
  • Downgrades:
    • Adobe (ADBE) downgraded to Market Perform from Outperform at BMO Capital, tgt $375
    • Alcon (ALC) downgraded to Hold from Buy at Stifel
    • American Homes 4 Rent (AMH) downgraded to Market Perform from Outperform at BMO Capital, tgt $37
    • American Tower (AMT) downgraded to Market Perform from Outperform at BMO Capital, tgt $185
    • AXT Inc. (AXTI) downgraded to Neutral from Buy at B. Riley, tgt $18
    • Ballard Power Systems (BLDP) downgraded to Hold from Buy at TD Cowen
    • Beta Bionics (BBNX) downgraded to Neutral from Buy at BofA Securities
    • BMW (BMWYY) downgraded to Underweight from Equal Weight at Barclays
    • Confluent (CFLT) downgraded to Market Perform from Outperform at Citizens
    • Emerson (EMR) downgraded to Hold from Buy at TD Cowen, tgt $150
    • Equity Residential (EQR) downgraded to Market Perform from Outperform at BMO Capital, tgt $68
    • Essex Property Trust (ESS) downgraded to Market Perform from Outperform at BMO Capital, tgt $280
    • GE Vernova (GEV) downgraded to Neutral from Outperform at Robert W. Baird
    • HealthEquity (HQY) downgraded to Sell from Neutral at Goldman, tgt $89
    • Hudson Pacific Properties (HPP) downgraded to Market Perform from Outperform at BMO Capital, tgt $11
    • iHeartMedia (IHRT) downgraded to Sell from Neutral at Goldman, tgt $3.50
    • Intuitive Machines (LUNR) downgraded to Hold from Buy at Stifel, tgt $20
    • Mattel (MAT) downgraded to Neutral from Buy at Goldman, tgt $21
    • Northrop Grumman (NOC) downgraded to Hold from Buy at Truist, tgt $623
    • Nucor (NUE) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $180
    • Omega Healthcare Investors (OHI) downgraded to Market Perform from Outperform at BMO Capital, tgt $45
    • On Holding (ONON) downgraded to Hold from Buy at Williams Trading, tgt $47
    • Plug Power (PLUG) downgraded to Hold from Buy at TD Cowen, tgt $2
    • Qualcomm (QCOM) downgraded to Neutral from Outperform at Mizuho, tgt $175
    • Regency Centers (REG) downgraded to Neutral from Outperform at Mizuho, tgt $74
    • Scorpio Tankers (STNG) downgraded to Underperform from Buy at BofA Securities
    • Societe Generale (SCGLY) downgraded to Reduce from Buy at Kepler Cheuvreux
    • Steel Dynamics (STLD) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $194
    • Zimmer Biomet (ZBH) downgraded to Sell from Neutral at Goldman, tgt $93
    • Zillow Group (ZG) downgraded to Neutral from Outperform at Mizuho, tgt $70
  • Others:
    • Alexandria Real Estate (ARE) initiated with an Equal Weight at Morgan Stanley, tgt not specified
    • Autodesk (ADSK) initiated with a Buy at Rothschild Redburn, tgt $375
    • Bowman Consulting Group (BWMN) initiated with a Neutral at JPMorgan, tgt $40
    • BridgeBio Oncology (BBOT) initiated with an Outperform at Raymond James, tgt $24
    • Casey's General Stores (CASY) initiated with a Buy at BofA Securities
    • CAVA Group (CAVA) initiated with an Outperform at Telsey Advisory, tgt $85
    • Claritev (CTEV) initiated with an Equal Weight at Wells Fargo, tgt $33
    • Consolidated Edison (ED) initiated with a Hold at TD Cowen, tgt $105
    • Constellation Energy (CEG) initiated with a Buy at TD Cowen, tgt $440
    • Crescent Energy (CRGY) initiated with a Market Perform at BMO Capital, tgt $10
    • Dominion Energy (D) initiated with a Hold at TD Cowen, tgt $65
    • Doximity (DOCS) initiated with an Outperform at RBC Capital, tgt $59
    • DraftKings (DKNG) initiated with a Hold at Texas Capital, tgt $39
    • Entergy (ETR) initiated with a Buy at TD Cowen, tgt $108
    • Fennec Pharmaceuticals (FENC) initiated with an Overweight at Piper Sandler
    • Flutter Entertainment (FLUT) initiated with a Buy at Texas Capital, tgt $294
    • Healthpeak Properties (DOC) initiated with a Neutral at Goldman, tgt $17
    • Hinge Health (HNGE) initiated with an Overweight at Wells Fargo, tgt $68
    • LB Pharmaceuticals (LBRX) initiated with a Buy at Roth Capital
    • Magnolia Oil & Gas (MGY) initiated with an Outperform at BMO Capital, tgt $27
    • Monopar Therapeutics (MNPR) initiated with an Overweight at Morgan Stanley, tgt $115
    • Murphy USA (MUSA) initiated with an Underperform at BofA Securities
    • National Energy Services Reunited (NESR) initiated with a Buy at BofA Securities
    • Omega Healthcare Investors (OHI) initiated with a Buy at Goldman, tgt $54
    • Omada Health (OMDA) initiated with an Equal Weight at Wells Fargo, tgt $17
    • Palisade Bio (PALI) initiated with a Buy at B. Riley, tgt $7
    • Phreesia (PHR) initiated with an Overweight at Wells Fargo, tgt $30
    • RadNet (RDNT) initiated with an Overweight at KeyBanc, tgt $92
    • Rapt Therapeutics (RAPT) initiated with an Overweight at Piper Sandler, tgt $95
    • Scholar Rock (SRRK) initiated with a Buy at Citigroup, tgt $55
    • Sonida Senior Living (SNDA) initiated with a Neutral at Robert W. Baird
    • TIC Solutions (TIC) initiated with an Overweight at JPMorgan, tgt $16
    • Ventas (VTR) initiated with a Buy at Goldman, tgt $94
    • Vor Biopharma (VOR) initiated with a Buy at Citigroup, tgt $50
    • Waystar Holding (WAY) initiated with an Overweight at Wells Fargo, tgt $41
    • Wynn Resorts (WYNN) initiated with a Buy at Texas Capital, tgt $155