>>> US Research Calls I

Research Calls I
  • Upgrades
    • Bitcoin Depot (BTM) upgraded to Outperform from Market Perform at Northland, tgt $5
    • Carnival (CCL) upgraded to Hold from Reduce at HSBC, tgt $24
    • Caterpillar (CAT) upgraded to Neutral from Sell at UBS, tgt $357
    • Martin Marietta (MLM) upgraded to Buy from Neutral at UBS, tgt $634
    • Paysafe (PSFE) upgraded to Neutral from Underperform at BofA Securities, tgt $14.30
    • Pentair (PNR) upgraded to Overweight from Neutral at JPMorgan, tgt $113
    • Seagate (STX) upgraded to Neutral from Underperform at BNP Paribas Exane, tgt $100
    • Sunstone Hotel (SHO) upgraded to Outperform from In Line at Evercore ISI, tgt $10
    • Terex (TEX) upgraded to Neutral from Sell at UBS, tgt $48
    • United Rentals (URI) upgraded to Neutral from Sell at UBS, tgt $780
    • Vulcan Materials (VMC) upgraded to Buy from Neutral at UBS, tgt $318
  • Downgrades
    • Crescent Capital (CCAP) downgraded to Market Perform from Outperform at Keefe Bruyette, tgt $17
    • Dick's Sporting (DKS) downgraded to Reduce from Buy at Gordon Haskett, tgt $170
    • Globant (GLOB) downgraded to Neutral from Overweight at Piper Sandler, tgt $116
    • Iovance Biotherapeutics (IOVA) downgraded to Neutral from Buy at UBS, tgt $2
    • National CineMedia (NCMI) downgraded to Neutral from Buy at B. Riley Securities, tgt $6
    • Neurogene (NGNE) downgraded to Neutral from Outperform at Robert W. Baird, tgt $24
    • Park Hotels & Resorts (PK) downgraded to In Line from Outperform at Evercore ISI, tgt $13
    • Ree Automotive (REE) downgraded to Neutral from Buy at H.C. Wainwright
    • Ree Automotive (REE) downgraded to Neutral from Buy at Roth Capital, tgt $1
  • Others
    • Establishment Labs (ESTA) initiated with a Buy at BTIG Research, tgt $62
    • HNI Corporation (HNI) initiated with a Buy at Longbow, tgt $70
    • Legacy Housing (LEGH) initiated with a Neutral at B. Riley Securities, tgt $26
    • Royalty Pharma (RPRX) resumed with an Overweight at Morgan Stanley, tgt $51
    • Topgolf Callaway (MODG) initiated with a Neutral at B. Riley Securities, tgt $7
    • Uniti Group (UNIT) resumed with a Neutral at Citigroup, tgt $5.30