Research Calls I
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Upgrades:
- Autoliv (ALV) upgraded to Buy from Hold at Berenberg; tgt $120
- Carlsberg A/S (CABGY) upgraded to Outperform from Neutral at Exane BNP Paribas
- CF Industries (CF) upgraded to Equal Weight from Underweight at Barclays; tgt $85
- Chesapeake Energy (CHK) upgraded to Buy from Neutral at Mizuho; tgt raised to $104
- Chesapeake Energy (CHK) upgraded to Buy from Neutral at Citigroup; tgt raised to $95
- Ciena (CIEN) upgraded to Outperform from In-line at Evercore ISI; tgt raised to $57
- Coca-Cola European Partners (CCEP) upgraded to Outperform from Neutral at Exane BNP Paribas
- Intl Flavors (IFF) upgraded to Buy from Hold at Jefferies; tgt raised to $112
- Live Nation (LYV) upgraded to Buy from Neutral at ROTH MKM; tgt raised to $114
- Mohawk (MHK) upgraded to Sector Perform from Underperform at RBC Capital Mkts; tgt raised to $101
- Pegasystems (PEGA) upgraded to Equal Weight from Underweight at Barclays; tgt $52
- Pentair (PNR) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $79
- Potbelly (PBPB) upgraded to Buy from Hold at The Benchmark Company; tgt $15
- PROS Holdings (PRO) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $43
- Qualcomm (QCOM) upgraded to Buy from Neutral at Citigroup; tgt $160
- Regeneron Pharma (REGN) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $1076
- SGS SA (SGSOY) upgraded to Equal-Weight from Underweight at Morgan Stanley
- Taylor Morrison Home (TMHC) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $57
- Tenable (TENB) upgraded to Buy from Hold at WestPark Capital
- Twilio (TWLO) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $82
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Downgrades:
- 89bio (ETNB) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $15
- Anheuser-Busch InBev (BUD) downgraded to Neutral from Outperform at Exane BNP Paribas
- Diageo plc (DEO) downgraded to Underperform from Neutral at Exane BNP Paribas
- Elastic (ESTC) downgraded to Equal Weight from Overweight at Barclays; tgt raised to $110
- First Financial Northwest (FFNW) downgraded to Neutral from Buy at DA Davidson; tgt raised to $22
- Great Ajax (AJX) downgraded to Mkt Perform from Mkt Outperform at JMP Securities
- ICL Group (ICL) downgraded to Underweight from Overweight at Barclays; tgt lowered to $4
- Jamf Holding (JAMF) downgraded to Equal Weight from Overweight at Barclays; tgt $20
- Johnson Controls (JCI) downgraded to Underperform from Sector Perform at RBC Capital Mkts; tgt lowered to $50
- Nevro (NVRO) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $20
- Outset Medical (OM) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $6
- Snowflake (SNOW) downgraded to Equal Weight from Overweight at Barclays; tgt $198
- Summit Materials (SUM) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $38
- Vulcan Materials (VMC) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt raised to $236
- WalkMe Ltd. (WKME) downgraded to Underweight from Equal Weight at Barclays; tgt $10
- ZoomInfo (ZI) downgraded to Equal Weight from Overweight at Barclays; tgt $18
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Others:
- Anglo American (NGLOY) initiated with a Neutral at Goldman
- Cleveland-Cliffs (CLF) resumed with an Overweight at JP Morgan; tgt raised to $23
- Nokia (NOK) initiated with a Neutral at Exane BNP Paribas
- Rio Tinto (RIO) initiated with a Buy at Goldman
- RPM Inc (RPM) initiated with a Buy at Mizuho; tgt $128
- TKO Group Holdings (TKO) initiated with a Market Perform at TD Cowen; tgt $92
- U.S. Steel (X) resumed with a Neutral at JP Morgan; tgt $52