Research Calls I
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Upgrades:
- BNY Mellon (BK) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt raised to $70
- Petrobras (PBR) upgraded to Buy from Neutral at BofA Securities
- Qiagen (QGEN) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $50
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Downgrades:
- 10x Genomics (TXG) downgraded to Peer Perform from Outperform at Wolfe Research
- Agilent (A) downgraded to Peer Perform from Outperform at Wolfe Research
- Centuri Holdings (CTRI) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $21
- Lyell Immunopharma (LYEL) downgraded to Neutral from Buy at H.C. Wainwright; tgt lowered to $1
- Rio Tinto (RIO) downgraded to Hold from Buy at Berenberg
- U.S. Bancorp (USB) downgraded to Neutral from Overweight at JP Morgan; tgt $43.50
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Others:
- ACADIA Pharmaceuticals (ACAD) initiated with an Outperform at BMO Capital Markets; tgt $31
- Arcadium Lithium (ALTM) initiated with a Neutral at Goldman; tgt $4.30
- BWX Technologies (BWXT) initiated with a Buy at Janney; tgt $113
- CARGO Therapeutics (CRGX) initiated with an Overweight at Piper Sandler; tgt $37
- Crescent Energy Company (CRGY) initiated with an Overweight at KeyBanc Capital Markets; tgt $16
- Denison Mines (DNN) initiated with a Buy at ROTH MKM
- Dianthus Therapeutics (DNTH) initiated with an Overweight at Cantor Fitzgerald
- Dynatrace (DT) initiated with a Neutral at Piper Sandler; tgt $50
- Exact Sciences (EXAS) initiated with a Sector Outperform at Scotiabank; tgt $70
- Grab (GRAB) initiated with an Outperform at Mizuho; tgt $5
- Hologic (HOLX) initiated with an Overweight at Stephens; tgt $87
- Jasper Therapeutics (JSPR) initiated with a Buy at Stifel; tgt $86
- Kyndryl (KD) initiated with an Outperform at Oppenheimer; tgt $33
- Myriad Genetics (MYGN) initiated with a Sector Outperform at Scotiabank; tgt $29
- Nautilus Biotechnology (NAUT) initiated with a Buy at Guggenheim; tgt $6
- Neurogene (NGNE) initiated with an Outperform at BMO Capital Markets; tgt $65
- PagerDuty (PD) initiated with a Neutral at JP Morgan; tgt $24
- SOPHiA GENETICS SA (SOPH) initiated with a Buy at Guggenheim; tgt $6
- Taysha Gene Therapies (TSHA) initiated with an Outperform at BMO Capital Markets; tgt $5
- Vertex Pharma (VRTX) initiated with a Buy at Redburn Atlantic; tgt $545
- Viking Therapeutics (VKTX) initiated with an Overweight at Morgan Stanley; tgt $105