Research Calls
- Upgrades:
- Avis Budget (CAR) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $230
- Baidu (BIDU) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $190
- EPR Properties (EPR) upgraded to Mkt Outperform from Mkt Perform at JMP Securities; tgt $54
- Melco Resorts & Entertainment (MLCO) upgraded to Outperform from Neutral at Credit Suisse; tgt raised to $18.20
- Philip Morris International (PM) upgraded to Buy from Neutral and placed on 90-day Positive Catalyst Watch at Citigroup; tgt raised to $117
- Studio City (MSC) upgraded to Outperform from Neutral at Credit Suisse; tgt raised to $11
- Universal Stainless/Alloy (USAP) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $16
- US Foods (USFD) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $54
- Downgrades:
- Abcam (ABCM) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $22
- Gates Industrial (GTES) downgraded to Neutral from Buy at Goldman; tgt $14.50
- Milestone Pharmaceuticals (MIST) downgraded to Hold from Buy at Jefferies; tgt lowered to $4
- Palantir Technologies (PLTR) downgraded to Outperform from Strong Buy at Raymond James; tgt raised to $18
- Performance Food Group (PFGC) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $66
- Portland Gen Elec (POR) downgraded to Neutral from Buy at Guggenheim
- Public Service (PEG) downgraded to Neutral from Buy at Seaport Research Partners
- Others:
- Allstate (ALL) initiated with an Equal-Weight at Morgan Stanley; tgt $117
- Arch Capital (ACGL) initiated with an Overweight at Morgan Stanley; tgt $92
- Amazon (AMZN) placed on US 1 List at BofA Securities
- American Intl (AIG) initiated with an Equal-Weight at Morgan Stanley; tgt $57
- Aon (AON) initiated with an Equal-Weight at Morgan Stanley; tgt $340
- Atmus Filtration Technologies (ATMU) initiated with a Buy at BofA Securities; tgt $25
- Atmus Filtration Technologies (ATMU) initiated with a Buy at Goldman; tgt $30
- Atmus Filtration Technologies (ATMU) initiated with an Outperform at Robert W. Baird; tgt $24
- Atmus Filtration Technologies (ATMU) initiated with an Overweight at JP Morgan; tgt $28
- Atmus Filtration Technologies (ATMU) initiated with an Overweight at Wells Fargo; tgt $24
- Calliditas Therapeutics AB (CALT) initiated with a Buy at H.C. Wainwright; tgt $60
- Centene (CNC) initiated with a Neutral at UBS; tgt $72
- Chubb (CB) initiated with an Equal-Weight at Morgan Stanley; tgt $192
- Confluent (CFLT) initiated with a Peer Perform at Wolfe Research
- Delta Air Lines (DAL) placed on 30-day Positive Catalyst Watch at Citigroup
- Element Solutions (ESI) initiated with an Outperform at BMO Capital Markets; tgt $23
- Enhabit Inc. (EHAB) initiated with an Underperform at SVB Securities; tgt $10
- Entegris (ENTG) initiated with an Outperform at BMO Capital Markets; tgt $129
- Everest Re (RE) initiated with an Overweight at Morgan Stanley; tgt $429
- GitLab (GTLB) initiated with a Peer Perform at Wolfe Research
- Hartford Financial (HIG) initiated with an Equal-Weight at Morgan Stanley; tgt $71
- Lemonade (LMND) initiated with an Underweight at Morgan Stanley; tgt $14
- Manpower (MAN) initiated with a Buy at Redburn; tgt $94
- Marsh McLennan (MMC) initiated with an Equal-Weight at Morgan Stanley; tgt $202
- Molina Healthcare (MOH) initiated with a Neutral at UBS; tgt $310
- Progressive (PGR) initiated with an Equal-Weight at Morgan Stanley; tgt $135
- RenaissanceRe (RNR) initiated with an Equal-Weight at Morgan Stanley; tgt $222
- Robert Half (RHI) initiated with a Neutral at Redburn; tgt $76
- Travelers (TRV) initiated with an Equal-Weight at Morgan Stanley; tgt $185
- Willis Towers Watson (WTW) initiated with an Equal-Weight at Morgan Stanley; tgt $251