>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Advanced Drainage Systems (WMS) upgraded to Overweight from Equal Weight at Stephens, tgt $175
    • BioNTech (BNTX) upgraded to Buy from Neutral at UBS, tgt $135
    • CDW (CDW) upgraded to Overweight from Neutral at JPMorgan, tgt $130
    • Ecolab (ECL) upgraded to Buy from Neutral at UBS, tgt $325
    • FedEx (FDX) upgraded to Overweight from Neutral at JPMorgan, tgt $460
    • Gulfport Energy (GPOR) upgraded to Outperform from Neutral at Mizuho, tgt $252
    • GXO Logistics (GXO) upgraded to Overweight from Equal Weight at Barclays, tgt $65
    • H.B. Fuller (FUL) upgraded to Neutral from Underweight at JPMorgan, tgt $58
    • ICU Medical (ICUI) upgraded to Buy from Hold at Needham, tgt $165
    • Ingram Micro (INGM) upgraded to Neutral from Underweight at JPMorgan, tgt $27
    • Insight Enterprises (NSIT) upgraded to Neutral from Underweight at JPMorgan, tgt $105
    • MGM Resorts (MGM) upgraded to Buy from Hold at Truist, tgt $55
    • MGM Resorts (MGM) upgraded to Overweight from Neutral at JPMorgan, tgt $46
    • MSCI (MSCI) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $700
    • Nayax (NYAX) upgraded to Outperform from Perform at Oppenheimer, tgt $86
    • Par Pacific (PARR) upgraded to Outperform from Neutral at Mizuho, tgt $79
    • Pebblebrook Hotel (PEB) upgraded to Buy from Hold at Truist, tgt $17
    • Phillips 66 (PSX) upgraded to Outperform from Neutral at Mizuho, tgt $212
    • RPM Inc (RPM) upgraded to Buy from Neutral at UBS, tgt $130
    • SanDisk (SNDK) upgraded to Overweight from Equal Weight at Barclays, tgt $2,300
    • TD Synnex (SNX) upgraded to Overweight from Neutral at JPMorgan, tgt $298
  • Downgrades:
    • ACNB Corp. (ACNB) downgraded to Market Perform from Outperform at Hovde Group, tgt $57
    • Dollar General (DG) downgraded to Hold from Buy at Deutsche Bank,t gt $110
    • Endava (DAVA) downgraded to Neutral from Buy at Guggenheim
    • Ferrovial (FER) downgraded to Neutral from Buy at Citigroup, tgt $70
    • First Interstate (FIBK) downgraded to Neutral from Buy at DA Davidson, tgt $39
    • Genesco (GCO) downgraded to Neutral from Buy at Seaport Research
    • Here Group (HERE) downgraded to Neutral from Buy at Citigroup, tgt $2.50
    • HF Sinclair (DINO) downgraded to Neutral from Outperform at Mizuho
    • Kennametal (KMT) downgraded to Underweight from Equal Weight at Barclays, tgt $33
    • Kosmos (KOS) downgraded to Underperform from Neutral at Mizuho, tgt $3
    • Ralliant (RAL) downgraded to Hold from Buy at Vertical Research, tgt $65
    • Sportradar (SRAD) downgraded to Neutral from Overweight at JPMorgan, tgt $16
    • Verra Mobility (VRRM) downgraded to Hold from Buy at Deutsche Bank, tgt $9
    • Verra Mobility (VRRM) downgraded to Market Perform from Outperform at William Blair
    • Verra Mobility (VRRM) downgraded to Neutral from Outperform at Robert W. Baird, tgt $8
    • Verra Mobility (VRRM) downgraded to Underweight from Neutral at JPMorgan, tgt $8
    • Vinci (VCISY) downgraded to Neutral from Buy at Citigroup
    • Westlake (WLK) downgraded to Neutral from Buy at Citigroup, tgt $95
    • Winnebago (WGO) downgraded to Neutral from Buy at Citigroup, tgt $30
    • Xiaomi (XIACF) downgraded to Underperform from Hold at Jefferies
    • Zscaler (ZS) downgraded to In Line from Outperform at Evercore ISI, tgt $155
  • Others:
    • Agilent (A) initiated with an Outperform at RBC Capital, tgt $153
    • Asbury Automotive (ABG) initiated with a Neutral at UBS, tgt $202
    • AutoNation (AN) initiated with a Buy at UBS, tgt $234
    • BioAge Labs (BIOA) initiated with a Buy at Roth Capital, tgt $36
    • CarMax (KMX) initiated with a Neutral at UBS, tgt $42
    • Cellebrite (CLBT) initiated with a Buy at DA Davidson, tgt $20
    • Century Therapeutics (IPSC) initiated with an Outperform at Mizuho, tgt $8
    • Dave (DAVE) initiated with an In Line at Evercore ISI, tgt $260
    • Fervo Energy (FRVO) initiated with a Hold at Jefferies, tgt $42
    • GE Aerospace (GE) initiated with a Buy at Seaport Research, tgt $375
    • Group 1 Automotive (GPI) initiated with a Neutral at UBS, tgt $338
    • Intuit (INTU) resumed with a Buy at BofA Securities, tgt $400
    • Kodiak Gas Services (KGS) initiated with an Overweight at Wells Fargo, tgt $93
    • Lamb Weston (LW) initiated with an Equal Weight at Stephens, tgt $46
    • Larimar Therapeutics (LRMR) initiated with an Overweight at JPMorgan, tgt $9
    • LB Pharmaceuticals (LBRX) initiated with a Buy at Clear Street, tgt $45
    • LeonaBio (LONA) initiated with an Overweight at Piper Sandler, tgt $20
    • Lithia & Driveway (LAD) initiated with a Buy at UBS, tgt $348
    • MapLight Therapeutics (MPLT) initiated with a Buy at UBS, tgt $48
    • MaxLinear (MXL) assumed with a Buy at Benchmark, tgt $125
    • Penske Automotive (PAG) initiated with a Neutral at UBS, tgt $167
    • Pershing Square Inc. (PS) initiated with a Buy at Loop Capital, tgt $49
    • Red Cat (RCAT) initiated with a Buy at H.C. Wainwright, tgt $20
    • Sonic Automotive (SAH) initiated with a Buy at UBS, tgt $90
    • Vertex Pharmaceuticals (VRTX) assumed with a Buy at Truist, tgt $542
    • Workday (WDAY) resumed with a Neutral at BofA Securities, tgt $140