>>> US Research Calls II

Research Calls II
  • Upgrades:
    • Emcore (EMKR) upgraded to Buy from Hold at Craig Hallum; tgt $3
    • M&T Bank (MTB) upgraded to Outperform from In-line at Evercore ISI; tgt raised to $210
    • Par Pacific (PARR) upgraded to Overweight from Neutral at JP Morgan; tgt lowered to $30
    • Range Resources (RRC) upgraded to Equal Weight from Underweight at Barclays; tgt lowered to $34
    • Rio Tinto (RIO) upgraded to Buy from Hold at Berenberg
    • Science Applications (SAIC) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $170
    • Sphere Entertainment Co. (SPHR) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $60
    • Tompkins Finl (TMP) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt raised to $68
    • Towne Bank (TOWN) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt raised to $40
  • Downgrades:
    • Bank of N.T. Butterfield & Son (NTB) downgraded to Mkt Perform from Outperform at Keefe Bruyette; tgt lowered to $41
    • Kellanova (K) downgraded to Hold from Buy at Argus
    • MercadoLibre (MELI) downgraded to Neutral from Overweight at JP Morgan; tgt $2400
    • PBF Energy (PBF) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $40
    • Primo Water (PRMW) downgraded to Mkt Perform from Outperform at Raymond James
    • PVH (PVH) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $107
    • Shattuck Labs (STTK) downgraded to Neutral from Buy at Citigroup; tgt lowered to $2
    • SITE Centers (SITC) downgraded to Equal Weight from Overweight at Wells Fargo; tgt $19
    • Tempus AI (TEM) downgraded to Neutral from Buy at BofA Securities; tgt raised to $60
    • T-Mobile US (TMUS) downgraded to Outperform from Strong Buy at Raymond James; tgt raised to $221
    • ZIM Integrated Shipping (ZIM) downgraded to Hold from Buy at Jefferies; tgt $25
  • Others:
    • BlackSky Technology (BKSY) initiated with an Outperform at Oppenheimer; tgt $10
    • Miller Industries (MLR) initiated with a Buy at DA Davidson; tgt $82
    • MSCI (MSCI) initiated with an Outperform at Evercore ISI; tgt $690
    • NCR Atleos (NATL) initiated with a Hold at Stifel; tgt $31
    • Occidental Petro (OXY) resumed with a Neutral at Goldman; tgt $55
    • S&P Global (SPGI) initiated with an Outperform at Evercore ISI; tgt $599
    • Tandem Diabetes Care (TNDM) initiated with an Outperform at RBC Capital Mkts; tgt $65
    • Thryv (THRY) initiated with a Buy at Craig Hallum; tgt $25
    • TXNM Energy (TXNM) initiated with a Buy at Jefferies; tgt $50
    • Verisk Analytics (VRSK) resumed with an In-line at Evercore ISI; tgt $279