>>> US Research Calls

Research Calls I
  • Upgrades:
    • Advanced Micro (AMD) upgraded to Buy from Hold at Melius
    • Algonquin Power & Utilities (AQN) upgraded to Outperform from Market Perform at BMO Capital Markets; tgt raised to $7.50
    • American Airlines (AAL) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt $20
    • Aon (AON) upgraded to Overweight from Neutral at JP Morgan; tgt lowered to $321
    • Beacon Roofing Supply (BECN) upgraded to Outperform from Mkt Perform at William Blair
    • Blink Charging (BLNK) upgraded to Buy from Hold at Needham; tgt $7
    • Brown & Brown (bRO) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt $81
    • Brown & Brown (BRO) upgraded to Buy from Neutral at Goldman; tgt lowered to $83
    • Cboe Global Markets (CBOE) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $204
    • Chevron (CVX) upgraded to Buy from Hold at Jefferies; tgt $184
    • Core & Main (CNM) upgraded to Buy from Neutral at Citigroup; tgt raised to $48
    • Dell (DELL) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $90
    • DoorDash (DASH) upgraded to Buy from Hold at Jefferies; tgt raised to $130
    • Equifax (EFX) upgraded to Buy from Underperform at BofA Securities; tgt raised to $300
    • Eagle Materials (EXP) upgraded to Buy from Hold at Loop Capital; tgt raised to $240
    • Enphase Energy (ENPH) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $141
    • EPAM Systems (EPAM) upgraded to Buy from Hold at HSBC Securities
    • Fastly (FSLY) upgraded to Sector Perform from Underperform at RBC Capital Mkts; tgt raised to $18
    • FedEx (FDX) upgraded to Buy from Hold at Melius
    • Fiserv (FI) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $180
    • Franklin Resources (BEN) upgraded to Equal Weight from Underweight at Wells Fargo; tgt raised to $30
    • Freeport-McMoRan (FCX) upgraded to Outperform from Mkt Perform at Bernstein; tgt raised to $48.50
    • GitLab (GTLB) upgraded to Buy from Neutral at Mizuho; tgt $73
  • Downgrades:
    • Agilon Health (AGL) downgraded to Peer Perform from Outperform at Wolfe Research
    • Alaska Air (ALK) downgraded to Hold from Buy at Melius
    • American Express (AXP) downgraded to Underperform from Neutral at Robert W. Baird; tgt $190
    • Apple Hospitality REIT (APLE) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $18
    • Ardagh Metal Packaging S.A. (AMBP) downgraded to Equal Weight from Overweight at Barclays; tgt $4
    • Array Tech (ARRY) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $19
    • Axalta Coating Systems (AXTA) downgraded to Neutral from Buy at UBS; tgt raised to $36
    • Barrick (GOLD) downgraded to Mkt Perform from Outperform at Bernstein
    • Cabot (CBT) downgraded to Neutral from Buy at UBS; tgt lowered to $87
    • Capital One (COF) downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $145
    • Chubb (CB) downgraded to Neutral from Buy at Goldman; tgt $222
    • CME Group (CME) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $222
    • Exelon (EXC) downgraded to Neutral from Buy at Seaport Research Partners
    • Fabrinet (FN) downgraded to Neutral from Overweight at JP Morgan; tgt raised to $210
    • Ferguson plc (FERG) downgraded to Mkt Perform from Outperform at Raymond James
    • Fidelis Insurance Holdings Limited (FIHL) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $15
    • First Solar (FSLR) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $187
    • Fresenius Medical (FMS) downgraded to Underweight from Equal-Weight at Morgan Stanley
    • Garmin (GRMN) downgraded to Neutral from Overweight at JP Morgan; tgt $135
    • Southwest Air (LUV) downgraded to Underperform from Mkt Perform at Bernstein; tgt $24
  • Others:
    • Allison Transmission (ALSN) initiated with an Equal-Weight at Morgan Stanley; tgt $62
    • American Intl (AIG) resumed with a Neutral at JP Morgan; tgt $73
    • Aramark (ARMK) initiated with a Buy at Truist; tgt $33
    • CNH Industrial (CNHI) initiated with an Equal-Weight at Morgan Stanley
    • Complete Solaria (CSLR) initiated with an Overweight at Cantor Fitzgerald; tgt $6
    • Couchbase (BASE) initiated with an Overweight at Wells Fargo; tgt $26
    • Cummins (CMI) initiated with an Overweight at Morgan Stanley; tgt $278
    • Caterpillar (CAT) initiated with an Equal-Weight at Morgan Stanley; tgt $270
    • Deere (DE) initiated with an Overweight at Morgan Stanley; tgt $430
    • Donaldson (DCI) initiated with an Underweight at Morgan Stanley; tgt $59