>>> US Research Calls II

Research Calls II
  • Upgrades:
    • Gartner (IT) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $600
    • Intercontinental Hotels Group (IHG) upgraded to Mkt Perform from Underperform at Bernstein
    • KB Home (KBH) upgraded to Sector Perform from Underperform at RBC Capital Mkts; tgt lowered to $67
    • Lennar (LEN) upgraded to Sector Perform from Underperform at RBC Capital Mkts; tgt $130
    • McDonald's (MCD) upgraded to Buy from Neutral at Citigroup; tgt raised to $334
    • National Storage Affiliates (NSA) upgraded to Hold from Sell at Deutsche Bank; tgt lowered to $38
    • NIKE (NKE) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $90
    • Nordstrom (JWN) upgraded to Neutral from Sell at UBS; tgt raised to $24
    • NXP Semi (NXPI) upgraded to Buy from Neutral at Goldman; tgt lowered to $257
    • Plains All American (PAA) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $22
    • Plains GP (PAGP) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $22
    • Public Storage (PSA) upgraded to Hold from Sell at Deutsche Bank; tgt raised to $299
    • Snowflake (SNOW) upgraded to Overweight from Equal Weight at Barclays; tgt $190
    • Sunrun (RUN) upgraded to Buy from Neutral at UBS; tgt raised to $17
    • Sweetgreen (SG) upgraded to Buy from Neutral at Citigroup; tgt raised to $49
    • Thermo Fisher (TMO) upgraded to Outperform from Mkt Perform at Bernstein; tgt $630
    • Waters (WAT) upgraded to Outperform from Mkt Perform at Bernstein; tgt $430
    • YPF Soc. Anonima (YPF) upgraded to Overweight from Neutral at JP Morgan
  • Downgrades:
    • Haleon plc (HLN) downgraded to Equal-Weight from Overweight at Morgan Stanley
    • IGM Biosciences (IGMS) downgraded to Neutral from Buy at Guggenheim
    • IGM Biosciences (IGMS) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $1.50
    • IGM Biosciences (IGMS) downgraded to Hold from Buy at Stifel; tgt lowered to $2.50
    • IGM Biosciences (IGMS) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $2
    • IGM Biosciences (IGMS) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt lowered to $2
    • Joby Aviation (JOBY) downgraded to Underweight from Neutral at JP Morgan; tgt raised to $6
    • Lightspeed (LSPD) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $18
    • NetEase (NTES) downgraded to Neutral from Buy at Arete
    • ON Semiconductor (ON) downgraded to Hold from Buy at Truist; tgt lowered to $60
    • Q2 Holdings (QTWO) downgraded to Neutral from Outperform at Robert W. Baird; tgt raised to $99
    • Revvity (RVTY) downgraded to Mkt Perform from Outperform at Bernstein; tgt $130
    • Roku (ROKU) downgraded to Sell from Neutral at MoffettNathanson; tgt $55
    • Ross Stores (ROST) downgraded to Equal Weight from Overweight at Wells Fargo; tgt $165
    • Sunnova Energy (NOVA) downgraded to Neutral from Positive at Susquehanna; tgt $4.50
    • Verisk Analytics (VRSK) downgraded to Equal Weight from Overweight at Barclays; tgt $310
    • Yum! Brands (YUM) downgraded to Neutral from Buy at Citigroup; tgt lowered to $141
  • Others:
    • Cheniere Energy (LNG) initiated with a Sector Outperform at Scotiabank; tgt $242
    • ImmunityBio (IBRX) initiated with a Buy at BTIG Research; tgt $6
    • Kinder Morgan (KMI) initiated with a Sector Perform at Scotiabank; tgt $26
    • Kinetik (KNTK) initiated with a Sector Outperform at Scotiabank; tgt $64
    • Matador Resources (MTDR) initiated with a Equal-Weight at Morgan Stanley; tgt $78
    • Monopar Therapeutics (MNPR) initiated with an Overweight at Piper Sandler; tgt $72
    • News Corp. (NWSA) initiated with a Buy at Citigroup; tgt $36
    • ONEOK (OKE) initiated with a Sector Outperform at Scotiabank; tgt $109
    • Permian Resources (PR) initiated with an Overweight at Morgan Stanley; tgt $19
    • Plains All American (PAA) resumed with a Sector Outperform at Scotiabank; tgt $23
    • ResMed (RMD) initiated with a Neutral at Piper Sandler; tgt $252
    • Targa Resources (TRGP) resumed with a Sector Outperform at Scotiabank; tgt $218
    • Tyson Foods (TSN) initiated with a Neutral at UBS; tgt $62
    • Verona Pharma (VRNA) initiated with a Buy at ROTH MKM; tgt $68
    • Williams Cos (WMB) resumed with a Sector Perform at Scotiabank; tgt $51