>>> US Research Calls I

Research Calls I
  • Upgrades
    • AppFolio (APPF) upgraded to Overweight from Neutral at Piper Sandler, tgt $350
    • Canada Goose (GOOS) upgraded to Overweight from Equal Weight at Wells Fargo
    • Citizens Financial (CFG) upgraded to Overweight from Neutral at JPMorgan, tgt $52
    • Cognex (CGNX) upgraded to Overweight from Sector Weight at KeyBanc, tgt $50
    • DoubleVerify (DV) upgraded to Overweight from Neutral at JPMorgan, tgt $19
    • Fortune Brands (FBIN) upgraded to Outperform from Sector Perform at RBC Capital, tgt $65
    • Independence Realty Trust (IRT) upgraded to Buy from Neutral at Compass Point, tgt $24
    • Methanex (MEOH) upgraded to Outperform from Sector Perform at RBC Capital, tgt $50
    • MP Materials (MP) upgraded to Buy from Hold at Jefferies, tgt $80
    • Nestle (NSRGY) upgraded to Hold from Underperform at Jefferies
    • Nio (NIO) upgraded to Outperform from Neutral at Macquarie, tgt $5.50
    • Sprouts Farmers Market (SFM) upgraded to Buy from Hold at Jefferies, tgt $190
    • Thor Industries (THO) upgraded to Sector Weight from Underweight at KeyBanc
    • Toyota Motor (TM) upgraded to Outperform from Underperform at CLSA (yesterday)
    • Upland Software (UPLD) upgraded to Buy from Hold at Craig-Hallum, tgt $3.50
    • XPO, Inc (XPO) upgraded to Buy from Neutral at Citigroup, tgt $140
  • Downgrades
    • Albany International (AIN) downgraded to Hold from Buy at Truist, tgt $55
    • American Superconductor (AMSC) downgraded to Hold from Buy at Clear Street, tgt $52
    • Avis Budget (CAR) downgraded to Sell from Neutral at Goldman, tgt $105
    • Baxter (BAX) downgraded to Neutral from Buy at Goldman, tgt $25
    • Bloom Energy (BE) downgraded to Hold from Buy at Clear Street, tgt $32
    • Builders FirstSource (BLDR) downgraded to Neutral from Outperform at Robert W. Baird, tgt $130
    • Builders FirstSource (BLDR) downgraded to Sector Perform from Outperform at RBC Capital, tgt $129
    • Chubb (CB) downgraded to Hold from Buy at HSBC, tgt $300
    • Murphy USA (MUSA) downgraded to Hold from Buy at Jefferies, tgt $350
    • Procore (PCOR) downgraded to Market Perform from Outperform at Citizens JMP
    • Trane (TT) downgraded to Neutral from Buy at Northcoast
    • Zynex (ZYXI) downgraded to Neutral from Buy at H.C. Wainwright
  • Others
    • Affirm (AFRM) initiated with a Neutral at Rothschild & Co Redburn, tgt $74
    • Capital One (COF) initiated with a Buy at Rothschild & Co Redburn, tgt $290
    • Incyte (INCY) initiated with an Overweight at Barclays, tgt $90
    • MeridianLink (MLNK) assumed with a Buy at BTIG Research, tgt $20
    • SoFi Technologies (SOFI) initiated with a Neutral at Rothschild & Co Redburn, tgt $20.50
    • Synchrony (SYF) initiated with a Neutral at Rothschild & Co Redburn, tgt $72
    • Turning Point Brands (TPB) initiated with a Hold at Needham
    • USA Rare Earth (USAR) initiated with an Overweight at Cantor Fitzgerald, tgt $16