>>> US Research Calls IResearch Calls I

Research Calls I
  • Upgrades:
    • BorgWarner (BWA) upgraded to Neutral from Sell at UBS, tgt $55
    • Ciena (CIEN) upgraded to Buy from Neutral at BofA Securities, tgt $355
    • Dow Inc. (DOW) upgraded to Overweight from Neutral at JPMorgan, tgt $40
    • First Advantage (FA) upgraded to Overweight from Equal Weight at Barclays, tgt $15
    • Hayward (HAYW) upgraded to Buy from Underperform at BofA Securities, tgt $19
    • Intercontinental Exchange (ICE) upgraded to Buy from Hold at Deutsche Bank, tgt $188
    • Intuit (INTU) upgraded to Buy from Neutral at Northcoast, tgt $575
    • Iqvia (IQV) upgraded to Overweight from Equal Weight at Barclays, tgt $210
    • Karman (KRMN) upgraded to Overweight from Neutral at Piper Sandler, tgt $127
    • Marvell (MRVL) upgraded to Buy from Neutral at BofA Securities, tgt $110
    • Marvell (MRVL) upgraded to Outperform from Neutral at KGI Securities, tgt $110
    • Marvell (MRVL) upgraded to Buy from Hold at Benchmark, tgt $130
    • Medpace (MEDP) upgraded to Equal Weight from Underweight at Barclays, tgt $500
    • Okta (OKTA) upgraded to Outperform from Market Perform at BMO Capital, tgt $97
    • Stock Yards Bancorp (SYBT) upgraded to Outperform from Market Perform at Hovde Group, tgt $75
    • Tencent Music (TME) upgraded to Buy from Hold at 86 Research, tgt $17.40
    • UniFirst (UNF) upgraded to Equal Weight from Underweight at Barclays, tgt $250
    • Union Pacific (UNP) upgraded to Outperform from Neutral at Robert W. Baird, tgt $311
  • Downgrades:
    • ADT Inc. (ADT) downgraded to Underweight from Equal Weight at Barclays, tgt $7
    • AES Corp. (AES) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $15
    • Avantor (AVTR) downgraded to Underweight from Equal Weight at Barclays, tgt $8.50
    • Brilliant Earth (BRLT) downgraded to Neutral from Buy at B. Riley, tgt $1.50
    • Brilliant Earth (BRLT) downgraded to Sector Weight from Overweight at KeyBanc
    • Certara (CERT) downgraded to Equal Weight from Overweight at Barclays, tgt $8
    • Delek Logistics (DKL) downgraded to Neutral from Buy at Citigroup, tgt $52
    • Enhabit (EHAB) downgraded to Hold from Buy at TD Cowen, tgt $13.80
    • PacBio (PACB) downgraded to Underweight from Equal Weight at Barclays, tgt $1.50
    • Tanger (SKT) downgraded to Neutral from Buy at BofA Securities, tgt $39
    • Trade Desk (TTD) downgraded to Underperform from Neutral at Wedbush, tgt $23
    • Zealand Pharma (ZLDPF) downgraded to Market Perform at William Blair
    • Zealand Pharma (ZLDPF) downgraded to Neutral at Cantor Fitzgerald
    • Zoetis (ZTS) downgraded to Hold from Buy at Nephron Research, tgt $131
  • Others:
    • BJ's Restaurants (BJRI) initiated with a Neutral at DA Davidson, tgt $38
    • Black Rock Coffee (BRCB) initiated with a Buy at DA Davidson, tgt $21
    • Brinker (EAT) initiated with a Neutral at DA Davidson, tgt $155
    • Cava Group (CAVA) initiated with a Neutral at DA Davidson, tgt $80
    • Chipotle (CMG) initiated with a Buy at DA Davidson, tgt $51
    • CoreWeave (CRWV) initiated with an Outperform at Oppenheimer, tgt $140
    • Customers Bancorp (CUBI) initiated with an Overweight at JPMorgan, tgt $90
    • Dutch Bros (BROS) initiated with a Buy at DA Davidson, tgt $67
    • El Pollo Loco (LOCO) initiated with a Neutral at DA Davidson, tgt $11
    • Energy Recovery (ERII) initiated with a Buy at Northcoast, tgt $14
    • First Watch Restaurant (FWRG) initiated with a Buy at DA Davidson, tgt $17
    • InvenTrust Properties (IVT) initiated with an Overweight at KeyBanc, tgt $35
    • Itron (ITRI) initiated with a Buy at Needham, tgt $124
    • Kura Sushi (KRUS) initiated with a Buy at DA Davidson, tgt $90
    • Motorcar Parts of America (MPAA) initiated with an Outperform at Oppenheimer, tgt $18
    • NRG Energy (NRG) reinstated with a Buy at Goldman, tgt $197
    • Portillo's (PTLO) initiated with a Neutral at DA Davidson, tgt $5.50
    • Procept BioRobotics (PRCT) initiated with a Neutral at Robert W. Baird, tgt $30
    • Regeneron (REGN) initiated with an Overweight at Barclays, tgt $923
    • SBC Medical Group (SBC) initiated with a Buy at BTIG Research, tgt $8
    • Sensus Healthcare (SRTS) initiated with a Buy at Alliance Global Partners, tgt $7.50
    • Shattuck Labs (STTK) assumed with a Buy at Needham, tgt $25
    • Shake Shack (SHAK) initiated with a Buy at DA Davidson, tgt $125
    • Starbucks (SBUX) initiated with a Neutral at DA Davidson, tgt $97
    • Sweetgreen (SG) initiated with a Neutral at DA Davidson, tgt $5.50
    • Wingstop (WING) initiated with a Buy at DA Davidson, tgt $330