>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Air Products (APD) upgraded to Neutral from Sell at Redburn Atlantic; tgt $330
    • Denny's (DENN) upgraded to Buy from Neutral at Citigroup; tgt raised to $7.50
    • Element Solutions (ESI) upgraded to Outperform from Peer Perform at Wolfe Research
    • Taylor Morrison Home (TMHC) upgraded to Outperform from Neutral at Wedbush; tgt $85
    • TC Energy (TRP) upgraded to Overweight from Underweight at Morgan Stanley
    • Tesla (TSLA) upgraded to Reduce from Sell at Phillip Securities
    • Toll Brothers (TOL) upgraded to Outperform from Neutral at Wedbush; tgt $175
    • Volvo (VLVLY) upgraded to Neutral from Sell at UBS
  • Downgrades:
    • Alexandria RE (ARE) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $125
    • Apple (AAPL) downgraded to Underweight from Sector Weight at KeyBanc Capital Markets; tgt $200
    • Beyond, Inc. (BYON) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $6
    • Boston Beer Co (SAM) downgraded to Hold from Buy at Jefferies; tgt lowered to $325
    • Bristol-Myers (BMY) downgraded to Neutral from Buy at Citigroup; tgt lowered to $55
    • Honeywell (HON) downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $217
    • J.M. Smucker (SJM) downgraded to Hold from Buy at Stifel; tgt lowered to $125
    • Kraft Heinz (KHC) downgraded to Hold from Buy at Stifel; tgt lowered to $38
    • Newmont Corporation (NEM) downgraded to Sector Perform from Sector Outperform at Scotiabank
    • Plains All American (PAA) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $19
    • Plains GP (PAGP) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $19
    • Rexford Industrial Realty (REXR) downgraded to Sector Perform from Sector Outperform at Scotiabank; tgt lowered to $48
    • Teck Resources (TECK) downgraded to Hold from Buy at Deutsche Bank; tgt $50
    • T-Mobile US (TMUS) downgraded to Mkt Perform from Outperform at Raymond James
    • Western Midstream (WES) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $40
    • World Kinect Corporation (WKC) downgraded to Hold from Buy at Stifel; tgt lowered to $32
  • Others:
    • Apellis Pharmaceuticals (APLS) initiated with a Sector Perform at RBC Capital Mkts; tgt $25
    • BKV Corporation (BKV) initiated with a Buy at Truist; tgt $24
    • Builders FirstSource (BLDR) initiated with a Buy at UBS; tgt $232
    • Enbridge (ENB) resumed with an Equal-Weight at Morgan Stanley
    • Lyft (LYFT) initiated with a Hold at The Benchmark Company
    • National Energy Services Reunited (NESR) initiated with a Buy at BTIG Research; tgt $15
    • Pfizer (PFE) resumed with a Neutral at Citigroup; tgt $30
    • PPL Corp (PPL) initiated with an Overweight at JP Morgan; tgt $37
    • Regency Centers (REG) initiated with an Overweight at KeyBanc Capital Markets; tgt $80
    • South Bow Corporation (SOBO) initiated with an Underweight at Morgan Stanley
    • Uber (UBER) initiated with a Hold at The Benchmark Company
    • Waldencast plc (WALD) initiated with a Buy at Canaccord Genuity; tgt $5