Research Calls
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Upgrades:
- Automatic Data (ADP) upgraded to Neutral from Underperform at BofA Securities; tgt raised to $243
- Burlington Stores (BURL) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $240
- CNH Industrial (CNHI) upgraded to Buy from Neutral at Goldman; tgt $19
- ExlService (EXLS) upgraded to Buy from Neutral at Citigroup; tgt raised to $36
- Futu Holdings (FUTU) upgraded to Overweight from Neutral at JP Morgan; tgt $64
- Instacart (CART) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $35
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Downgrades:
- Allakos (ALLK) downgraded to Hold from Buy at Jefferies; tgt lowered to $1.50
- American Axle (AXL) downgraded to Sell from Neutral at UBS; tgt lowered to $6.50
- CrowdStrike (CRWD) downgraded to Hold from Buy at WestPark Capital
- DXC Technology (DXC) downgraded to Sell from Neutral at Citigroup; tgt lowered to $21
- Fisker (FSR) downgraded to Market Perform from Outperform at TD Cowen; tgt lowered to $1
- Ford Motor (F) downgraded to Neutral from Buy at UBS; tgt $12
- Fortinet (FTNT) downgraded to Equal Weight from Overweight at CapitalOne
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Others:
- Accolade (ACCD) resumed with a Neutral at DA Davidson; tgt lowered to $14
- American Coastal Insurance Corporation (ACIC) initiated with an Outperform at Raymond James; tgt $15
- Aramark (ARMK) initiated with a Buy at Goldman; tgt $33
- AutoNation (AN) initiated with an Outperform at Evercore ISI; tgt $185
- E2open (ETWO) initiated with an Equal-Weight at Morgan Stanley; tgt $4
- Global-E Online (GLBE) initiated with an Overweight at Wells Fargo; tgt $50