>>> US Research Calls II

Research Calls II
  • Upgrades:
    • Advanced Drainage Systems (WMS) upgraded to Buy from Neutral at UBS; tgt $155
    • NASDAQ (NDAQ) upgraded to Buy from Hold at Deutsche Bank; tgt raised to $98
    • NetEase (NTES) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $108
    • Phreesia (PHR) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $32
    • PulteGroup (PHM) upgraded to Buy from Neutral at UBS; tgt lowered to $148
    • Reliance, Inc. (RS) upgraded to Peer Perform from Underperform at Wolfe Research
    • RH (RH) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $515
    • RPM Inc (RPM) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $140
    • Sana Biotechnology (SANA) upgraded to Buy from Hold at TD Cowen
    • Shake Shack (SHAK) upgraded to Buy from Hold at Gordon Haskett; tgt $154
    • Symbotic (SYM) upgraded to Buy from Neutral at DA Davidson; tgt $35
    • Tapestry (TPR) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $87
    • Taylor Morrison Home (TMHC) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $76
    • Travelers (TRV) upgraded to Buy from Sell at Goldman; tgt $278
    • Twilio (TWLO) upgraded to Outperform from Neutral at Mizuho; tgt raised to $140
    • UPS (UPS) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $147
    • Vale S.A. (VALE) upgraded to Peer Perform from Underperform at Wolfe Research
    • Willis Towers Watson (WTW) upgraded to Outperform from In-line at Evercore ISI; tgt raised to $373
    • Winnebago (WGO) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $58
    • Workday (WDAY) upgraded to Buy from Hold at Deutsche Bank; tgt raised to $300
  • Downgrades:
    • J.M. Smucker (SJM) downgraded to Hold from Buy at TD Cowen; tgt $121
    • Nestle (NSRGY) downgraded to Underperform from Hold at Jefferies
    • Olo Inc. (OLO) downgraded to Neutral from Overweight at Piper Sandler; tgt $8
    • OptimizeRx (OPRX) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $6
    • Palo Alto Networks (PANW) downgraded to Hold from Buy at Deutsche Bank
    • Polaris Industries (PII) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
    • Payoneer (PAYO) downgraded to Peer Perform from Outperform at Wolfe Research
    • Science Applications (SAIC) downgraded to Hold from Buy at TD Cowen; tgt lowered to $120
    • SolarEdge Technologies (SEDG) downgraded to Sell from Neutral at Citigroup; tgt lowered to $9
    • Texas Roadhouse (TXRH) downgraded to Hold from Buy at Gordon Haskett; tgt $192
  • Others:
    • MasTec (MTZ) initiated with a Buy at Guggenheim; tgt $195
    • Norwood Financial Corp. (NWFL) initiated with a Neutral at Piper Sandler; tgt $28
    • Primoris Services (PRIM) initiated with a Buy at Guggenheim; tgt $102
    • Quanta Services (PWR) initiated with a Neutral at Guggenheim
    • Solid Biosciences (SLDB) initiated with a Buy at Truist; tgt $16
    • Summit Therapeutics (SMMT) initiated with a Buy at Truist; tgt $35
    • West Pharm (WST) initiated with a Buy at Citigroup; tgt $400