>>> US Research Calls I

Research Calls I
  • Upgrades:
    • AngloGold Ashanti (AU) upgraded to Sector Perform from Sector Underperform at Scotiabank
    • Bank of Nova Scotia (BNS) upgraded to Equal Weight from Underweight at Barclays
    • Buenaventura SA (BVN) upgraded to Sector Perform from Sector Underperform at Scotiabank
    • DT Midstream (DTM) upgraded to Buy from Neutral at Citigroup; tgt raised to $115
    • EVERTEC (EVTC) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt raised to $35
    • Franco-Nevada (FNV) upgraded to Buy from Reduce at Veritas
    • On (ONON) upgraded to Strong Buy from Outperform at Raymond James; tgt raised to $63
    • Palo Alto Networks (PANW) upgraded to Buy from Neutral at Rosenblatt; tgt raised to $430
    • Pebblebrook Hotel Trust (PEB) upgraded to Buy from Neutral at Compass Point; tgt $17
    • Piedmont Lithium (PLL) upgraded to Neutral from Underperform at Macquarie; tgt $13.50
    • Royal Bank of Canada (RY) upgraded to Overweight from Equal Weight at Barclays
    • SAGE Therapeutics (SAGE) upgraded to Sector Perform from Underperform at RBC Capital Mkts; tgt $4
    • SFL Corporation (SFL) upgraded to Buy from Hold at Fearnley
  • Downgrades:
    • Adient (ADNT) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $24
    • Golden Ocean (GOGL) downgraded to Hold from Buy at Pareto
    • Grab (GRAB) downgraded to Hold from Buy at China Renaissance; tgt $5.40
    • Hanover Insurance (THG) downgraded to Neutral from Buy at Janney; tgt $176
    • Pyxis Oncology (PYXS) downgraded to Mkt Perform from Outperform at William Blair
    • RBC Bearings (RBC) downgraded to Neutral from Buy at BofA Securities; tgt raised to $335
    • Shopify (SHOP) downgraded to Sell from Hold at DZ Bank
    • Toronto-Dominion Bank (TD) downgraded to Underweight from Equal Weight at Barclays
    • Travelers (TRV) downgraded to Neutral from Buy at Janney; tgt $280
    • Ulta Beauty (ULTA) downgraded to Mkt Perform from Outperform at William Blair
    • Walmart (WMT) downgraded to Hold from Buy at DZ Bank; tgt $91
    • XPeng (XPEV) downgraded to Neutral from Buy at Goldman; tgt $12.50
    • ZIM Integrated Shipping (ZIM) downgraded to Sell from Hold at Fearnley
  • Others:
    • 4D Molecular Therapeutics (FDMT) initiated with an Underweight at Morgan Stanley; tgt $8
    • AerCap (AER) resumed with a Buy at Goldman; tgt $119
    • Air Lease (AL) resumed with a Buy at Goldman; tgt $65
    • Amentum Holdings (AMTM) initiated with an Outperform at Raymond James; tgt $30
    • Apellis Pharmaceuticals (APLS) initiated with an Equal-Weight at Morgan Stanley; tgt $31
    • Broadridge Financial (BR) initiated with a Neutral at UBS; tgt $250
    • Ensign Group (ENSG) initiated with a Buy at UBS; tgt $175
    • Farmers National (FMNB) resumed with a Neutral at Piper Sandler; tgt $17
    • GE Vernova (GEV) initiated with an Overweight at Wells Fargo; tgt $385
    • International General Insurance (IGIC) initiated with an Outperform at Oppenheimer; tgt $30
    • Marex Group plc (MRX) initiated with a Buy at HSBC Securities; tgt $33
    • Merus (MRUS) initiated with a Buy at Goldman; tgt $73
    • Northeast Bancorp (NBN) initiated with a Mkt Perform at Keefe Bruyette; tgt $102
    • Nutex Health (NUTX) initiated with a Buy at Freedom Capital, tgt $56
    • NVIDIA (NVDA) added to 90-day positive catalyst watch at Citigroup
    • Stardust Power (SDST) initiated with a Buy at ROTH MKM; tgt $13
    • Sunrise Communications AG (SNRE) initiated with a Buy at Deutsche Bank
    • Thermo Fisher (TMO) initiated with a Buy at CMB Int'l
    • UMB Financial Corporation (UMBF) initiated with an Overweight at Morgan Stanley; tgt $156
    • Vera Therapeutics (VERA) initiated with an Overweight at Wells Fargo; tgt $70