>>> US Research Calls

Research Calls I

  • Upgrades:
    • Calumet Specialty Products (CLMT) upgraded to Buy from Neutral at Goldman; tgt raised to $23
    • Celestica (CLS) upgraded to Buy from Hold at Argus; tgt $14
    • Essential Utilities (WTRG) upgraded to Buy from Hold at HSBC Securities; tgt raised to $57
    • First Bancorp (FBNC) upgraded to Overweight from Neutral at Piper Sandler; tgt lowered to $47
    • First Solar (FSLR) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt raised to $136
    • MGIC Investment (MTG) upgraded to Buy from Neutral at BofA Securities; tgt $18
    • Radian Group (RDN) upgraded to Neutral from Underperform at BofA Securities; tgt raised to $24
  • Downgrades:
    • 10x Genomics (TXG) downgraded to Sell from Neutral at Goldman; tgt lowered to $35
    • Amcor (AMCR) downgraded to Underperform from Hold at Jefferies
    • Analog Devices (ADI) downgraded to Hold from Buy at Needham
    • Array Tech (ARRY) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $15
    • Bed Bath & Beyond (BBBY) downgraded to Underperform from Neutral at Wedbush; tgt $5
    • Brinker (EAT) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
    • Clarus Corporation (CLAR) downgraded to Mkt Perform from Outperform at Raymond James
    • DCP Midstream (DCP) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $38
    • Elanco Animal Health (ELAN) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $22
    • Enact Holdings (ACT) downgraded to Underperform from Neutral at BofA Securities; tgt $25
    • Franklin BSP Realty Trust (FBRT) downgraded to Mkt Perform from Mkt Outperform at JMP Securities
    • Hawaiian Electric (HE) downgraded to Underperform from Neutral at BofA Securities; tgt $43
    • Jack Henry (JKHY) downgraded to Neutral from Buy at DA Davidson; tgt $210
    • Krispy Kreme, Inc. (DNUT) downgraded to In-line from Outperform at Evercore ISI; tgt lowered to $15
    • Par Pacific (PARR) downgraded to Neutral from Buy at Goldman; tgt raised to $20
    • PerkinElmer (PKI) downgraded to Hold from Buy at Stifel; tgt lowered to $170
    • Principal Fincl (PFG) downgraded to Neutral from Outperform at Credit Suisse; tgt raised to $86
    • Stronghold Digital Mining (SDIG) downgraded to Market Perform from Outperform at Cowen; tgt lowered to $2.25
    • United Rentals (URI) downgraded to Underperform from Mkt Perform at Bernstein; tgt lowered to $269
    • Verizon (VZ) downgraded to Underperform from Market Perform at MoffettNathanson; tgt $41
    • World Wrestling (WWE) downgraded to Neutral from Buy at Northcoast
    • Wolverine (WWW) downgraded to Hold from Buy at Argus
  • Others:
    • Advanced Drainage Systems (WMS) initiated with a Buy at Deutsche Bank; tgt $182
    • American Woodmark (AMWD) initiated with a Sell at Deutsche Bank; tgt $45
    • Armstrong World Industries (AWI) initiated with a Buy at Deutsche Bank; tgt $125
    • AZEK (AZEK) initiated with a Buy at Deutsche Bank; tgt $29
    • Beacon Roofing Supply (BECN) initiated with a Buy at Deutsche Bank; tgt $90
    • Builders FirstSource (BLDR) initiated with a Buy at Deutsche Bank; tgt $93
    • Carvana (CVNA) initiated with a Hold at Argus
    • Casey's General (CASY) initiated with an Outperform at Wolfe Research; tgt $228
    • Core & Main (CNM) initiated with a Buy at Deutsche Bank; tgt $40
    • Cummins (CMI) resumed with a Neutral at JP Morgan; tgt lowered to $245
    • Enhabit Inc. (EHAB) initiated with a Neutral at Citigroup; tgt $17
    • ESAB Corp. (ESAB) initiated with an Overweight at JP Morgan; tgt $55
    • Fate Therapeutics (FATE) resumed with an Overweight at Wells Fargo; tgt $90
    • Fortune Brands Home & Security (FBHS) initiated with a Buy at Deutsche Bank; tgt $100
    • Freshpet (FRPT) initiated with an Overweight at Piper Sandler; tgt $69
    • Hasbro (HAS) resumed with a Buy at BofA Securities; tgt $96
    • Installed Building Products (IBP) initiated with a Hold at Deutsche Bank; tgt $108
    • Iovance Biotherapeutics (IOVA) resumed with an Equal Weight at Wells Fargo; tgt $14
    • Ivanhoe Electric (IE) initiated with a Neutral at JP Morgan; tgt $12
    • JELD-WEN (JELD) initiated with a Hold at Deutsche Bank; tgt $15
    • Karuna Therapeutics (KRTX) removed from Best Ideas List at Wedbush
    • Masco (MAS) initiated with a Hold at Deutsche Bank; tgt $61
    • Masonite International (DOOR) initiated with a Buy at Deutsche Bank; tgt $135
    • Mohawk (MHK) initiated with a Hold at Deutsche Bank; tgt $122
    • Mueller Water (MWA) initiated with a Hold at Deutsche Bank; tgt $12
    • NuScale Power (SMR) initiated with a Buy at Guggenheim; tgt $18
    • OneConnect Financial (OCFT) resumed with a Hold at HSBC Securities
    • Owens Corning (OC) initiated with a Hold at Deutsche Bank; tgt $103
    • PGT Inc. (PGTI) initiated with a Buy at Deutsche Bank; tgt $38
    • Pool (POOL) initiated with a Hold at Deutsche Bank; tgt $431
    • SiteOne Landscape Supply (SITE) initiated with a Buy at Deutsche Bank; tgt $189
    • Sutro Biopharma (STRO) resumed with an Overweight at Wells Fargo; tgt $15
    • TopBuild (BLD) initiated with a Hold at Deutsche Bank; tgt $236
    • Trex (TREX) initiated with a Buy at Deutsche Bank; tgt $87
    • Wabtec (WAB) initiated with an Outperform at Raymond James; tgt $103
    • Watsco (WSO) initiated with a Hold at Deutsche Bank; tgt $311
    • Watts Water Tech. (WTS) initiated with a Buy at Deutsche Bank; tgt $192