>>> US Research Calls II

Research Calls II
  • Upgrades:
    • Infosys (INFY) upgraded to Outperform from Hold at CLSA
    • Jazz Pharma (JAZZ) upgraded to Buy from Neutral at UBS; tgt raised to $179
    • JPMorgan Chase (JPM) upgraded to Neutral from Underperform at Robert W. Baird; tgt raised to $220
    • Logitech Int'l SA (LOGI) upgraded to Outperform from Neutral at Wedbush; tgt $125
    • Sea Limited (SE) upgraded to Neutral from Reduce at Phillip Securities
    • Steel Dynamics (STLD) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $158
    • Surmodics (SRDX) upgraded to Buy from Hold at Lake Street; tgt $43
    • Tesla (TSLA) upgraded to Buy from Hold at TD Cowen; tgt raised to $388
    • The Trade Desk (TTD) upgraded to Hold from Sell at The Benchmark Company
    • Ventas (VTR) upgraded to Buy from Hold at Argus
    • Viavi (VIAV) upgraded to Buy from Neutral at Rosenblatt; tgt $14
    • Vodafone PLC (VOD) upgraded to Buy from Hold at DZ Bank
    • Wayfair (W) upgraded to Buy from Hold at Jefferies; tgt raised to $47
    • Zscaler (ZS) upgraded to Buy from Neutral at BofA Securities; tgt raised to $240
  • Downgrades:
    • BigBear.ai (BBAI) downgraded to Market Perform from Outperform at Northland Capital; tgt raised to $4
    • Lear (LEA) downgraded to Hold from Buy at TD Cowen; tgt $95
    • Neumora Therapeutics (NMRA) downgraded to Neutral from Buy at Guggenheim
    • Neumora Therapeutics (NMRA) downgraded to Hold from Buy at Stifel; tgt lowered to $2
    • South Bow Corporation (SOBO) downgraded to Peer Perform from Outperform at Wolfe Research
    • South Bow Corporation (SOBO) downgraded to Neutral from Sector Outperform at CIBC
  • Others:
    • Ardelyx (ARDX) resumed with a Buy at Ladenburg Thalmann
    • ARS Pharmaceuticals (SPRY) initiated with a Sector Outperform at Scotiabank; tgt $30
    • Avidity Biosciences (RNA) initiated with a Sector Outperform at Scotiabank; tgt $70
    • Blueprint Medicines (BPMC) initiated with a Sector Outperform at Scotiabank; tgt $150
    • C.H. Robinson (CHRW) initiated with a Buy at Deutsche Bank; tgt $129
    • Cogent Biosciences (COGT) initiated with a Sector Outperform at Scotiabank; tgt $17
    • CSX (CSX) initiated with a Hold at Deutsche Bank; tgt $34
    • Denali Therapeutics (DNLI) resumed with an Overweight at Morgan Stanley; tgt lowered to $33
    • Dyne Therapeutics (DYN) initiated with a Sector Outperform at Scotiabank; tgt $50
    • Edgewise Therapeutics (EWTX) initiated with a Sector Outperform at Scotiabank; tgt $50
    • FedEx (FDX) initiated with a Buy at Deutsche Bank; tgt $337
    • Gain Therapeutics (GANX) initiated with a Sector Outperform at Scotiabank; tgt $12
    • GXO Logistics (GXO) initiated with a Hold at Deutsche Bank; tgt $45
    • Hub Group (HUBG) initiated with a Hold at Deutsche Bank; tgt $41
    • Innoviva (INVA) initiated with a Sector Outperform at Scotiabank; tgt $55
    • J.B. Hunt Transport (JBHT) initiated with a Hold at Deutsche Bank; tgt $167
    • Lucid Group (LCID) initiated with a Hold at TD Cowen; tgt $2.30
    • MARA Holdings Inc. (MARA) initiated with a Buy at Rosenblatt; tgt $19
    • Nexxen International (NEXN) resumed with a Buy at Needham; tgt $12
    • Norfolk Southern (NSC) initiated with a Buy at Deutsche Bank; tgt $293
    • Old Dominion (ODFL) initiated with a Buy at Deutsche Bank; tgt $236
    • Palvella Therapeutics (PVLA) initiated with a Sector Outperform at Scotiabank; tgt $50
    • Perspective Therapeutics (CATX) initiated with a Sector Outperform at Scotiabank; tgt $15
    • PTC Therapeutics (PTCT) initiated with a Sector Perform at Scotiabank; tgt $55
    • Rivian Automotive (RIVN) initiated with a Hold at TD Cowen; tgt $12.70
    • RXO, Inc. (RXO) initiated with a Hold at Deutsche Bank; tgt $19
    • Saia (SAIA) initiated with a Buy at Deutsche Bank; tgt $570
    • Sandisk (SNDK) initiated with an Overweight at Cantor Fitzgerald; tgt $60
    • Sprott Inc. (SII) initiated with an Outperform at BMO Capital Markets
    • Stellantis (STLA) initiated with a Hold at TD Cowen; tgt $13
    • Teradyne (TER) initiated with a Buy at Vertical Research; tgt $135
    • Under Armour (UAA) initiated with a Neutral at KGI Securities
    • Union Pacific (UNP) initiated with a Buy at Deutsche Bank; tgt $295
    • UPS (UPS) initiated with a Hold at Deutsche Bank; tgt $119
    • Vertiv (VRT) initiated with an Outperform at RBC Capital Mkts; tgt $121
    • Visteon (VC) resumed with a Buy at TD Cowen; tgt $108
    • Werner Enterprises (WERN) initiated with a Hold at Deutsche Bank; tgt $33
    • XPO, Inc. (XPO) initiated with a Buy at Deutsche Bank; tgt $156
    • Zai Lab (ZLAB) initiated with a Sector Outperform at Scotiabank; tgt $55