Research Calls I
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Upgrades:
- ACV Auctions (ACVA) upgraded to Overweight from Neutral at JP Morgan; tgt $21
- Krispy Kreme, Inc. (DNUT) upgraded to Buy from Hold at Truist; tgt raised to $15
- Enphase Energy (ENPH) upgraded to Buy from Hold at HSBC Securities; tgt $166
- Lithia Motors (LAD) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $280
- Lions Gate Entertainment (LGF.A) upgraded to Peer Perform from Underperform at Wolfe Research
- Mohawk (MHK) upgraded to Strong Buy from Mkt Perform at Raymond James; tgt $140
- PG&E (PCG) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $22
- Planet Fitness (PLNT) upgraded to Buy from Hold at Jefferies; tgt raised to $100
- Sonic Automotive (SAH) upgraded to Neutral from Underweight at JP Morgan; tgt raised to $58
- Walmart (WMT) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $81
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Downgrades:
- Asbury Automotive (ABG) downgraded to Neutral from Overweight at JP Morgan; tgt $230
- Adobe (ADBE) downgraded to Hold from Buy at Melius; tgt $510
- Advanced Micro (AMD) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt $176
- Delek US Holdings (DK) downgraded to Sell from Hold at TD Cowen; tgt $20
- MidCap Financial Investment Corporation (MFIC) downgraded to Neutral from Buy at Compass Point; tgt raised to $16
- PowerSchool (PWSC) downgraded to Neutral from Outperform at Macquarie; tgt $22.80
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Others:
- American Express (AXP) initiated with a Neutral at Citigroup; tgt $250
- Blue Owl Capital (OWL) resumed with a Buy at Deutsche Bank; tgt $21
- Dave, Inc. (DAVE) initiated with a Buy at Seaport Research Partners; tgt $54
- DraftKings (DKNG) added as a Top Pick at Morgan Stanley
- Microsoft (MSFT) initiated with a Buy at New Street; tgt $570
- Sunoco LP (SUN) resumed with an Overweight at Barclays; tgt $61
- Tenaya Therapeutics (TNYA) initiated with an Outperform at William Blair
- Solitario Resources (XPL) initiated with a Buy at ROTH MKM; tgt $2