Research Calls I
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Upgrades:
- Allison Transmission (ALSN) upgraded to Buy from Neutral at Citi, tgt $135
- Allstate (ALL) upgraded to Equal Weight from Underweight at Wells Fargo, tgt $236
- AST SpaceMobile (ASTS) upgraded to Buy from Hold at Deutsche Bank, tgt $93
- Biogen (BIIB) upgraded to Overweight from Neutral at JPMorgan, tgt $300
- Blackstone Digital Infrastructure Trust (BXDC) upgraded to Buy from Neutral at Citi, tgt $20
- Brown & Brown (BRO) upgraded to Outperform from Market Perform at Keefe, Bruyette & Woods, tgt $77
- C3.ai (AI) upgraded to Outperform from Market Perform at Northland, tgt $16
- First Solar (FSLR) upgraded to Buy from Hold at Truist, tgt $270
- Hexcel (HXL) upgraded to Buy from Neutral at Seaport Research, tgt $104
- Hub Group (HUBG) upgraded to Outperform from Neutral at Baird, tgt $29
- Humana (HUM) upgraded to Outperform from Market Perform at Raymond James, tgt $520
- Manhattan Associates (MANH) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $250
- Mattel (MAT) upgraded to Buy from Neutral at Seaport Research, tgt $20
- Salesforce (CRM) upgraded to Buy from Underperform at BofA Securities, tgt $285
- SLM (SLM) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $30
- T-Mobile (TMUS) upgraded to Outperform from Market Perform at Raymond James, tgt $170
- Terreno Realty (TRNO) upgraded to Outperform from Market Perform at BMO Capital, tgt $75
- Tyler Technologies (TYL) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $400
- Allison Transmission (ALSN) upgraded to Buy from Neutral at Citi, tgt $135
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Downgrades:
- Adobe (ADBE) downgraded to Underweight from Overweight at Wells Fargo, tgt $225
- Alexandria Real Estate (ARE) downgraded to Underperform at BMO Capital, tgt $41
- Ally Financial (ALLY) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $43
- Baldwin Group (BWIN) downgraded to Market Perform from Outperform at Keefe, Bruyette & Woods, tgt $32.50
- Enact Holdings (ACT) downgraded to Underweight from Neutral at JPMorgan, tgt $44
- Fannie Mae (FNMA) downgraded to Neutral from Outperform at Mizuho, tgt $5
- Freddie Mac (FMCC) downgraded to Neutral from Outperform at Mizuho, tgt $4
- GoDaddy (GDDY) downgraded to Sector Perform from Outperform at RBC Capital, tgt $95
- HubSpot (HUBS) downgraded to Equal Weight from Overweight at Barclays, tgt $240
- Insmed (INSM) downgraded to Peer Perform from Outperform at Wolfe Research
- Microsoft (MSFT) downgraded to Neutral from Accumulate at Phillip Securities, tgt $515
- Monday.com (MNDY) downgraded to Equal Weight from Overweight at Barclays, tgt $100
- Palantir (PLTR) downgraded to Neutral from Buy at Phillip Securities, tgt $215
- Palo Alto Networks (PANW) downgraded to Neutral at Phillip Securities
- Roivant Sciences (ROIV) downgraded to Peer Perform from Outperform at Wolfe Research
- Snowflake (SNOW) downgraded to Accumulate from Buy at Phillip Securities, tgt $423
- UWM Holdings (UWMC) downgraded to Neutral from Buy at BTIG
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Others:
- AbCellera Biologics (ABCL) initiated with a Buy at UBS, tgt $18
- American Bitcoin (ABTC) assumed with a Buy at H.C. Wainwright, tgt $22
- American Savings Bank (ASBH) initiated with a Buy at DA Davidson, tgt $20
- American Savings Bank (ASBH) initiated with a Market Perform at Keefe, Bruyette & Woods, tgt $19
- American Savings Bank (ASBH) initiated with an Overweight at Piper Sandler, tgt $20
- AxoGen (AXGN) initiated with a Buy at BofA Securities, tgt $52
- Beta Bionics (BBNX) initiated with a Buy at Jefferies, tgt $30
- BioAge Labs (BIOA) initiated with a Neutral at UBS, tgt $8
- Butterfly Network (BFLY) initiated with a Buy at Canaccord, tgt $10
- Charles Schwab (SCHW) initiated with an In Line at Evercore ISI, tgt $107
- Connect Biopharma (CNTB) assumed with an Outperform at Leerink, tgt $4
- Equillium (EQ) assumed with an Outperform at Leerink, tgt $6
- Evommune (EVMN) initiated with a Neutral at UBS, tgt $8
- First Financial (THFF) initiated with an Outperform at Hovde Group, tgt $85
- Hartford Financial Services (HIG) initiated with a Hold at Truist, tgt $137
- IDEXX Laboratories (IDXX) initiated with a Sector Weight at KeyBanc
- Interactive Brokers (IBKR) initiated with an Outperform at Evercore ISI, tgt $100
- Kardigan (KARD) initiated with a Buy at UBS, tgt $25
- Mineralys Therapeutics (MLYS) initiated with a Neutral at UBS, tgt $29
- MiniMed (MMED) initiated with a Hold at Jefferies, tgt $22
- Nektar Therapeutics (NKTR) initiated with an Outperform at Leerink, tgt $130
- Nektar Therapeutics (NKTR) initiated with a Neutral at UBS, tgt $53
- Ocular Therapeutix (OCUL) initiated with a Buy at UBS, tgt $14
- Odyssey Therapeutics (ODTX) initiated with a Buy at UBS, tgt $27
- Prenetics (PRE) initiated with a Buy at Lucid Capital Markets, tgt $54
- Protagonist Therapeutics (PTGX) initiated with a Buy at UBS, tgt $184
- Q32 Bio (QTTB) initiated with an Outperform at Leerink, tgt $40
- Quoin Pharmaceuticals (QNRX) initiated with a Buy at BTIG, tgt $14
- Robinhood (HOOD) initiated with an Outperform at Evercore ISI, tgt $130
- Shattuck Labs (STTK) initiated with a Buy at UBS, tgt $17
- Spyre Therapeutics (SYRE) initiated with a Buy at UBS, tgt $120
- Tectonic Therapeutics (TECX) initiated with a Neutral at UBS, tgt $26
- TeraWulf (WULF) initiated with a Buy at TD Cowen, tgt $21
- Vera Therapeutics (VERA) initiated with a Market Perform at Leerink, tgt $34
- Vylor (VYLR) initiated with a Buy at UBS, tgt $89
- AbCellera Biologics (ABCL) initiated with a Buy at UBS, tgt $18