>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Arista Networks (ANET) upgraded to Buy from Neutral at Rosenblatt, tgt $180
    • Associated Banc-Corp (ASB) upgraded to Overweight from Equal Weight at Barclays, tgt $33
    • Axos Financial (AX) upgraded to Strong Buy from Outperform at Raymond James, tgt $100
    • Centerspace (CSR) upgraded to Overweight from Neutral at Piper Sandler, tgt $72
    • East West Bancorp (EWBC) upgraded to Buy from Neutral at UBS, tgt $125
    • FB Financial (FBK) upgraded to Strong Buy from Market Perform at Raymond James, tgt $62
    • Flagstar Bank (FLG) upgraded to Buy from Hold at Truist, tgt $17
    • MercadoLibre (MELI) upgraded to Buy from Hold at Jefferies, tgt $2,600
    • Morgan Stanley (MS) upgraded to Buy from Neutral at UBS, tgt $196
    • Old Dominion Freight Line (ODFL) upgraded to Equal Weight from Underweight at Wells Fargo, tgt $200
    • Pinnacle Financial Partners (PNFP) upgraded to Buy from Neutral at UBS, tgt $110
    • Q2 Holdings (QTWO) upgraded to Outperform from Neutral at Robert W. Baird, tgt $70
    • Rocket Lab (RKLB) upgraded to Outperform from Market Perform at Citizens, tgt $85
    • Third Coast Bancshares (TCBX) upgraded to Outperform from Market Perform at Raymond James, tgt $45
    • Wingstop (WING) upgraded to Buy from Neutral at Citigroup, tgt $230
  • Downgrades:
    • Arm (ARM) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $150
    • Bio-Rad Laboratories (BIO) downgraded to Neutral from Buy at Citigroup, tgt $300
    • D.R. Horton (DHI) downgraded to Neutral from Buy at Seaport Research
    • Equinix (EQIX) downgraded to Sector Perform from Outperform at Scotiabank, tgt $1,050
    • First Horizon National (FHN) downgraded to Neutral from Buy at UBS, tgt $25
    • First Interstate BancSystem (FIBK) downgraded to Sell from Neutral at UBS, tgt $35
    • Insulet (PODD) downgraded to Neutral from Buy at Citigroup, tgt $230
    • Lennar (LEN) downgraded to Sell from Buy at Seaport Research, tgt $74
    • LSB Industries (LXU) downgraded to Sector Perform from Outperform at RBC Capital, tgt $14
    • M/I Homes (MHO) downgraded to Neutral from Buy at Seaport Research
    • NVR (NVR) downgraded to Sell from Neutral at Seaport Research, tgt $5,664
    • Park Hotels & Resorts (PK) downgraded to Equal Weight from Overweight at Barclays, tgt $9
    • PulteGroup (PHM) downgraded to Sell from Buy at Seaport Research, tgt $100
    • Red River Bancshares (RRBI) downgraded to Market Perform from Outperform at Raymond James
    • Suzano (SUZ) downgraded to Neutral from Buy at BofA Securities, tgt $11
    • Toll Brothers (TOL) downgraded to Neutral from Buy at Seaport Research
    • TopBuild (BLD) downgraded to Neutral from Buy at Seaport Research
    • Wix.com (WIX) downgraded to Market Perform from Outperform at Citizens
  • Others:
    • Bank OZK (OZK) assumed with a Neutral at UBS, tgt $48
    • Columbia Banking System (COLB) assumed with a Neutral at UBS, tgt $30
    • Equillium (EQ) initiated with an Overweight at Cantor Fitzgerald, tgt $10
    • Fifth Third Bancorp (FITB) reinstated with a Buy at Goldman, tgt $55
    • Forum Markets (FRMM) initiated with a Speculative Buy at Benchmark, tgt $5
    • Global Business Travel Group (GBTG) initiated with a Neutral at BofA Securities, tgt $6.50
    • Madison Square Garden Entertainment (MSGE) initiated with a Buy at BTIG Research, tgt $70
    • MapLight Therapeutics (MPLT) initiated with a Buy at TD Cowen
    • National Fuel Gas (NFG) initiated with an Overweight at KeyBanc, tgt $110
    • Navan (NAVN) initiated with a Buy at BofA Securities, tgt $17
    • OptimumBank Holdings (OPHC) initiated with a Buy at Alliance Global Partners, tgt $6.50
    • PayPay (PAYP) initiated with a Buy at Goldman, tgt $29
    • Permian Resources (PR) initiated with an Overweight at KeyBanc, tgt $25
    • PicPay (PICS) initiated with an Outperform at Bradesco BBI, tgt $21
    • Quad/Graphics (QUAD) initiated with a Buy at Benchmark, tgt $10
    • Rank One Computing (ROC) initiated with a Buy at Benchmark, tgt $9
    • SharpLink Gaming (SBET) initiated with a Buy at H.C. Wainwright, tgt $10
    • Sutro Biopharma (STRO) initiated with an Outperform at Leerink, tgt $38
    • Tractor Supply Company (TSCO) reinstated with a Neutral at BofA Securities, tgt $47
    • Webster Financial (WBS) assumed with a Neutral at UBS, tgt $69