>>> US Research Calls I

Research Calls I
  • Upgrades:
    • Asbury Automotive (ABG) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt raised to $240
    • AutoNation (AN) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $200
    • Baker Hughes (BKR) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $42
    • Denison Mines (DNN) upgraded to Outperform from Market Perform at BMO Capital Markets
    • DoorDash (DASH) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt $177
    • Group 1 Auto (GPI) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $430
    • Grupo Aeroportuario (OMAB) upgraded to Sector Perform from Sector Underperform at Scotiabank
    • Hewlett Packard Enterprise (HPE) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $24
    • Light & Wonder (LNW) upgraded to Buy from Neutral at UBS
    • Penske Auto (PAG) upgraded to Overweight from Underweight at Morgan Stanley; tgt raised to $180
    • Petrobras (PBR) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $19
    • Sonic Automotive (SAH) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt raised to $58
  • Downgrades:
    • Ecopetrol (EC) downgraded to Underweight from Neutral at JP Morgan; tgt lowered to $8.50
    • Expedia Group (EXPE) downgraded to Hold from Buy at TD Cowen; tgt raised to $150
    • Ford Motor (F) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $12
    • Fortrea (FTRE) downgraded to Hold from Buy at Jefferies; tgt lowered to $21
    • General Motors (GM) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $42
    • Global Payments (GPN) downgraded to Neutral from Buy at BTIG Research
    • Global Payments (GPN) downgraded to Mkt Perform from Outperform at William Blair
    • Global Payments (GPN) downgraded to Neutral from Buy at Seaport Research Partners
    • Grupo Aeroportuario del Pacifico (PAC) downgraded to Sector Perform from Sector Outperform at Scotiabank; tgt lowered to $185
    • HBT Financial (HBT) downgraded to Neutral from Buy at DA Davidson; tgt lowered to $24
    • Magna (MGA) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $43
    • Medpace (MEDP) downgraded to Hold from Buy at Jefferies; tgt lowered to $345
    • Miniso Group (MNSO) downgraded to Hold from Buy at DBS Group
    • Miniso Group (MNSO) downgraded to Neutral from Overweight at JP Morgan
    • NOV Inc. (NOV) downgraded to Underweight from Equal Weight at Wells Fargo; tgt lowered to $16
    • Old Second Bancorp Inc. (OSBC) downgraded to Neutral from Buy at DA Davidson; tgt lowered to $17
    • PHINIA (PHIN) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt $50
    • Rivian Automotive (RIVN) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $13
    • Textron (TXT) downgraded to Hold from Buy at TD Cowen; tgt lowered to $95
    • Tyson Foods (TSN) downgraded to Underweight from Neutral at Piper Sandler; tgt lowered to $50
    • Union Pacific (UNP) downgraded to In-line from Outperform at Evercore ISI; tgt lowered to $247
  • Others:
    • Alcoa (AA) resumed with a Neutral at JP Morgan; tgt raised to $36
    • Apollo Global Management (APO) initiated with an Outperform at Wolfe Research; tgt $139
    • Archrock (AROC) initiated with an Outperform at Evercore ISI; tgt $24
    • Cadence Design (CDNS) initiated with an Underperform at Oppenheimer; tgt $225
    • Cipher Mining (CIFR) initiated with an Outperform at Macquarie; tgt $6
    • CleanSpark (CLSK) initiated with an Outperform at Macquarie; tgt $20
    • Core Scientific (CORZ) initiated with an Outperform at Macquarie; tgt $16
    • ICHOR Corporation (ICHR) initiated with a Perform at Oppenheimer
    • KLA Corporation (KLAC) initiated with a Perform at Oppenheimer
    • McGrath RentCorp (MGRC) resumed with an Outperform at Oppenheimer; tgt $120
    • Marathon Digital Holdings (MARA) initiated with an Outperform at Macquarie; tgt $22
    • Onto Innovation (ONTO) initiated with an Outperform at Oppenheimer; tgt $260
    • Perspective Therapeutics (CATX) initiated with a Buy at Truist; tgt $21
    • Portland Gen Elec (POR) initiated with an Outperform at Evercore ISI; tgt $54
    • Riot Platforms (RIOT) initiated with an Outperform at Macquarie; tgt $15
    • Sallie Mae (SLM) initiated with a Buy at BofA Securities; tgt $27
    • Ultra Clean Holdings (UCTT) initiated with an Outperform at Oppenheimer; tgt $70