>>> US Research Calls I

Research Calls I
  • Upgrades
    • Affiliated Managers (AMG) upgraded to Buy from Hold at TD Cowen, tgt $255
    • Aimco (AIV) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $10
    • Air France-KLM (AFLYY) upgraded to Equal Weight from Underweight at Barclays
    • Alamo Group (ALG) upgraded to Outperform from Neutral at Robert W. Baird, tgt $260
    • Alnylam (ALNY) upgraded to Outperform from Perform at Oppenheimer, tgt $490
    • Alnylam (ALNY) upgraded to Peer Perform from Underperform at Wolfe Research, tgt $368
    • BJ's Restaurants (BJRI) upgraded to Buy from Hold at The Benchmark Company , tgt $44
    • Deutsche Lufthansa (DLAKY) upgraded to Equal Weight from Underweight at Barclays
    • Federated Hermes (FHI) upgraded to Neutral from Underweight at JPMorgan, tgt $54
    • Fortrea (FTRE) upgraded to Outperform from Neutral at Robert W. Baird, tgt $9
    • IAG (ICAGY) upgraded to Equal Weight from Underweight at Barclays
    • Kimberly-Clark (KMB) upgraded to Neutral from Underweight at JPMorgan, tgt $138
    • Lloyds Banking (LYG) upgraded to Outperform from Sector Perform at RBC Capital
    • MasTec (MTZ) upgraded to Outperform from Neutral at Robert W. Baird, tgt $210
    • Spotify (SPOT) upgraded to Neutral from Reduce at Phillip Securities, tgt $600
    • Zevia (ZVIA) upgraded to Outperform from Market Perform at Telsey Advisory Group, tgt $5
  • Downgrades
    • AvalonBay (AVB) downgraded to Neutral from Overweight at Piper Sandler, tgt $200
    • Baxter (BAX) downgraded to Hold from Buy at Stifel, tgt $25
    • Coinbase (COIN) downgraded to Sell from Neutral at Compass Point, tgt $248
    • EPR Properties (EPR) downgraded to Sector Perform from Outperform at RBC Capital, tgt $58
    • Essex Property Trust (ESS) downgraded to Neutral from Overweight at Piper Sandler, tgt $275
    • Shell (SHEL) downgraded to Hold from Buy at HSBC
    • Tronox (TROX) downgraded to Neutral from Buy at UBS, tgt $3.60
    • Vera Therapeutics (VERA) downgraded to Peer Perform from Outperform at Wolfe Research
  • Others
    • AeroVironment (AVAV) initiated with an Outperform at Citizens JMP, tgt $325
    • Akero Therapeutics (AKRO) initiated with a Buy at TD Cowen, tgt $76
    • Chevron (CVX) resumed with an Overweight at Morgan Stanley, tgt $174
    • Kinross Gold (KGC) initiated with a Buy at UBS, tgt $20
    • Liberty Formula One (FWONK) initiated with a Neutral at BofA Securities, tgt $110
    • Mind Medicine (MNMD) resumed with an Outperform at Oppenheimer, tgt $25
    • Philip Morris (PM) initiated with an Outperform at KGI Securities, tgt $188
    • Pony AI (PONY) initiated with a Buy at UBS, tgt $20
    • Wave Life Sciences (WVE) initiated with a Buy at Canaccord, tgt $19
    • WeRide (WRD) initiated with a Buy at UBS, tgt $12