>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Acuity Brands (AYI) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $370
    • Aon (AON) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $410
    • A.O. Smith (AOS) upgraded to Outperform from Perform at Oppenheimer; tgt $88
    • APi Group (APG) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt $45
    • Capital One (COF) upgraded to Hold from Reduce at HSBC Securities; tgt $176
    • Celanese (CE) upgraded to Buy from Underperform at BofA Securities; tgt lowered to $88
    • Commscope (COMM) upgraded to Neutral from Underweight at JP Morgan; tgt $5
    • Cummins (CMI) upgraded to Neutral from Underperform at BofA Securities; tgt $358
    • CVRx, Inc. (CVRX) upgraded to Outperform from Mkt Perform at William Blair
    • Devon Energy (DVN) upgraded to Buy from Hold at The Benchmark Company; tgt $44
    • Eastman Chemical (EMN) upgraded to Buy from Neutral at BofA Securities; tgt lowered to $109
    • First Citizens BancShares (FCNCA) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt $2500
    • FMC Corp (FMC) upgraded to Neutral from Underperform at BofA Securities; tgt lowered to $61
    • Hesai Group (HSAI) upgraded to Buy from Neutral at Goldman; tgt raised to $18.40
    • Instacart (CART) upgraded to Buy from Neutral at BTIG Research; tgt $58
    • Monarch Casino & Resort (MCRI) upgraded to Buy from Hold at Truist; tgt raised to $100
    • Olin (OLN) upgraded to Buy from Neutral at BofA Securities; tgt lowered to $40
    • PACCAR (PCAR) upgraded to Buy from Neutral at BofA Securities; tgt raised to $121.50
    • United Rentals (URI) upgraded to Neutral from Underperform at Robert W. Baird; tgt $658
    • Visa (V) upgraded to Buy from Neutral at Seaport Research Partners; tgt $359
  • Downgrades:
    • Archer-Daniels (ADM) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $54
    • B2Gold (BTG) downgraded to Underperform from Buy at BofA Securities
    • BCE Inc (BCE) downgraded to Underperform from Neutral at BofA Securities
    • Chegg (CHGG) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $1.25
    • Choice Hotels (CHH) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $129
    • Element Solutions (ESI) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $28
    • Flywire (FLYW) downgraded to Neutral from Buy at Seaport Research Partners
    • Fortinet (FTNT) downgraded to Mkt Perform from Outperform at Raymond James
    • General Dynamics (GD) downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $283
    • Las Vegas Sands (LVS) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $51
    • Mastercard (MA) downgraded to Neutral from Buy at Seaport Research Partners
    • Match Group (MTCH) downgraded to Neutral from Buy at BTIG Research
    • Origin Materials (ORGN) downgraded to Underperform from Buy at BofA Securities; tgt lowered to $1.50
    • Rogers Comms (RCI) downgraded to Neutral from Buy at BofA Securities
    • RumbleOn (RMBL) downgraded to Neutral from Buy at DA Davidson; tgt lowered to $5
    • Sunstone Hotel (SHO) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt $10
    • Voya Financial (VOYA) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $76
  • Others:
    • Advanced Micro Devices (AMD) initiated with a Buy at Loop Capital; tgt $175
    • Albemarle (ALB) initiated with a Buy at Clarksons Platou; tgt $112
    • Appian (APPN) resumed with a Sector Weight at KeyBanc Capital Markets
    • EastGroup (EGP) initiated with a Buy at Deutsche Bank; tgt $180
    • Fidelity Nat'l Info (FIS) initiated with an Equal Weight at Wells Fargo; tgt $88
    • First Industrial Realty (FR) initiated with a Hold at Deutsche Bank; tgt $52
    • Fiserv (FI) upgraded to Buy from Neutral at Seaport Research Partners; tgt $240
    • Instacart (CART) initiated with an Outperform at Mizuho; tgt $55
    • Jack Henry (JKHY) initiated with an Underweight at Wells Fargo; tgt $155
    • Lockheed Martin (LMT) initiated with a Buy at Truist; tgt $579
    • Mister Car Wash (MCW) initiated with an Equal-Weight at Stephens; tgt $8
    • Mr. Cooper Group (COOP) initiated with a Mkt Outperform at JMP Securities; tgt $115
    • Northrop Grumman (NOC) initiated with a Buy at Truist; tgt $544
    • Pegasystems (PEGA) resumed with an Overweight at KeyBanc Capital Markets; tgt $118
    • Pony AI (PONY) initiated with a Buy at Deutsche Bank; tgt $20
    • Rexford Industrial Realty (REXR) initiated with a Hold at Deutsche Bank; tgt $40
    • Southwest Gas (SWX) initiated with a Hold at Jefferies; tgt $73
    • Terreno Realty (TRNO) initiated with a Hold at Deutsche Bank; tgt $60