>>> US Research Calls II

Research Calls II
  • Upgrades:
    • Natl Bankshares (NKSH) upgraded to Buy from Neutral at Janney
    • Pebblebrook Hotel Trust (PEB) upgraded to Buy from Hold at Stifel; tgt $15
    • RBC Bearings (RBC) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $375
    • Sonic Automotive (SAH) upgraded to Buy from Neutral at Seaport Research Partners; tgt $74
    • Waystar Holding Corp. (WAY) upgraded to Strong Buy from Outperform at Raymond James; tgt $40
    • XPeng (XPEV) upgraded to Buy from Hold at China Renaissance; tgt $16.70
  • Downgrades:
    • NVIDIA (NVDA) downgraded to Accumulate from Buy at Phillip Securities
    • Palo Alto Networks (PANW) downgraded to Reduce from Hold at HSBC Securities; tgt lowered to $291
    • Pinduoduo (PDD) downgraded to Hold from Buy at DBS Bank
    • Root, Inc. (ROOT) downgraded to Mkt Perform from Mkt Outperform at JMP Securities
    • Sunrun (RUN) downgraded to Neutral from Overweight at Piper Sandler; tgt lowered to $11
    • Tenet Healthcare (THC) downgraded to Outperform from Strong Buy at Raymond James; tgt $195
    • Timken (TKR) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
    • TransMedics Group (TMDX) downgraded to Hold from Buy at Needham
  • Others:
    • CPI Card Group (PMTS) initiated with a Buy at DA Davidson; tgt $36
    • NXP Semi (NXPI) initiated with an Overweight at Wells Fargo; tgt $250
    • ON Semiconductor (ON) initiated with an Overweight at Wells Fargo; tgt $85
    • On (ONON) initiated with a Buy at Needham; tgt $64
    • PayPal (PYPL) resumed with a Neutral at Piper Sandler; tgt $88
    • Roku (ROKU) initiated with a Neutral at UBS; tgt $73
    • Skechers USA (SKX) initiated with a Hold at Needham
    • Steven Madden (SHOO) initiated with a Hold at Needham
    • Synopsys (SNPS) initiated with an Equal Weight at Wells Fargo; tgt $570
    • Texas Instruments (TXN) initiated with an Equal Weight at Wells Fargo; tgt $215
    • TFS Financial (TFSL) resumed with a Neutral at Piper Sandler; tgt $15
    • UMB Financial Corporation (UMBF) initiated with a Sector Perform at RBC Capital Mkts; tgt $130
    • Under Armour (UAA) initiated with a Hold at Needham
    • Viking Therapeutics (VKTX) initiated with a Buy at B. Riley Securities; tgt $109
    • Zegna Group (ZGN) initiated with an Underweight at Morgan Stanley; tgt $7.20