Research Calls I
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Upgrades:
- Erasca (ERAS) upgraded to Neutral from Underperform at BofA Securities, tgt $16
- Essent Group (ESNT) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $73
- Expro Group (XPRO) upgraded to Buy from Neutral at Goldman
- Karat Packaging (KRT) upgraded to Outperform from Market Perform at William Blair
- Medtronic (MDT) upgraded to Buy from Neutral at BTIG Research, tgt $90
- Murphy Oil (MUR) upgraded to Overweight from Sector Weight at KeyBanc, tgt $48
- Oscar Health (OSCR) upgraded to Equal Weight from Underweight at Wells Fargo, tgt $20
- Plains All American (PAA) upgraded to Neutral from Sell at Goldman, tgt $24
- Plains GP Holdings (PAGP) upgraded to Neutral from Sell at Goldman, tgt $24
- RTX (RTX) upgraded to Buy from Hold at Jefferies, tgt $220
- UnitedHealth Group (UNH) upgraded to Buy from Neutral at BofA Securities, tgt $450
- Venture Global (VG) upgraded to Overweight from Neutral at JPMorgan, tgt $17
- Erasca (ERAS) upgraded to Neutral from Underperform at BofA Securities, tgt $16
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Downgrades:
- ADC Therapeutics (ADCT) downgraded to Sector Perform from Outperform at RBC Capital, tgt $2
- Broadcom (AVGO) downgraded to Neutral from Outperform at Macquarie, tgt $437
- CMS Energy (CMS) downgraded to Hold from Buy at Jefferies, tgt $74
- Commercial Metals (CMC) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $77
- Ecopetrol (EC) downgraded to Neutral from Buy at Citigroup, tgt $18
- EHang (EH) downgraded to Neutral from Buy at UBS, tgt $11.10
- Ollie's Bargain Outlet (OLLI) downgraded to Accumulate from Buy at Gordon Haskett
- PVH Corp. (PVH) downgraded to In Line from Outperform at Evercore ISI, tgt $79
- Smith & Nephew (SNN) downgraded to Hold from Buy at Kepler Cheuvreux
- ADC Therapeutics (ADCT) downgraded to Sector Perform from Outperform at RBC Capital, tgt $2
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Others:
- Absci (ABSI) initiated with an Outperform at Leerink, tgt $12
- Axalta Coating Systems (AXTA) reinstated with a Buy at Citigroup, tgt $44
- Cipher Mining (CIFR) initiated with an Outperform at Bernstein, tgt $32
- CoStar Group (CSGP) initiated with a Buy at Benchmark, tgt $45
- FedEx Freight (FDXF) initiated with an Outperform at Evercore ISI, tgt $168
- Opus Genetics (IRD) initiated with a Buy at Guggenheim, tgt $16
- Pulse Biosciences (PLSE) initiated with a Buy at Canaccord, tgt $32
- Radiopharm Theranostics (RADX) initiated with a Buy at H.C. Wainwright, tgt $6
- Sherwin-Williams (SHW) reinstated with a Buy at Citigroup, tgt $355
- TeraWulf (WULF) initiated with an Outperform at Bernstein, tgt $46
- Absci (ABSI) initiated with an Outperform at Leerink, tgt $12