Research Calls
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Upgrades:
- Bank First Corporation (BFC) upgraded to Outperform from Market Perform at Hovde Group; tgt raised to $100
- Bank of Montreal (BMO) upgraded to Outperform from Sector Perform at National Bank Financial
- Blend Labs (BLND) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $3.50
- CIBC (CM) upgraded to Outperform from Sector Perform at National Bank Financial
- Clear Channel Outdoor (CCO) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $2.75
- Discover Financial Services (DFS) upgraded to Buy from Neutral at Citigroup; tgt raised to $133
- Guidewire Software (GWRE) upgraded to Overweight from Equal Weight at Wells Fargo
- KeyCorp (KEY) upgraded to Overweight from Equal-Weight at Stephens
- MacroGenics (MGNX) upgraded to Buy from Neutral at Citigroup; tgt raised to $13
- Newmark Group (NMRK) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $13
- Paramount Global (PARA) upgraded to Equal Weight from Underweight at Wells Fargo; tgt raised to $18
- Spirit Aerosystems (SPR) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt raised to $35
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Downgrades:
- argenx (ARGX) downgraded to Hold from Buy at Deutsche Bank
- Cinemark (CNK) downgraded to Underweight from Equal Weight at Wells Fargo; tgt lowered to $13
- Clear Secure (YOU) downgraded to Underweight from Equal Weight at Wells Fargo; tgt $20
- Costco (COST) downgraded to Neutral from Buy at Northcoast; tgt $620
- Coupang (CPNG) downgraded to Neutral from Buy at UBS; tgt lowered to $18.50
- DocuSign (DOCU) downgraded to Underweight from Equal Weight at Wells Fargo
- Everbridge (EVBG) downgraded to Underweight from Equal Weight at Wells Fargo
- Floor & Decor (FND) downgraded to Hold from Buy at Stifel; tgt raised to $115
- Grainger (GWW) downgraded to Hold from Buy at Jefferies; tgt $825
- Hayward Holdings (HAYW) downgraded to Hold from Buy at Stifel; tgt raised to $13.50
- HEICO (HEI) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $174
- Kaltura (KLTR) downgraded to Underweight from Equal Weight at Wells Fargo; tgt lowered to $1.50
- Lowe's (LOW) downgraded to Hold from Buy at Stifel; tgt raised to $240
- NexPoint Residential (NXRT) downgraded to Neutral from Buy at Janney; tgt $36
- Opendoor Technologies (OPEN) downgraded to Neutral from Buy at BTIG Research
- RingCentral (RNG) downgraded to Equal Weight from Overweight at Wells Fargo; tgt $36
- Sonder (SOND) downgraded to Neutral from Buy at Citigroup; tgt $4
- Salesforce (CRM) downgraded to Equal Weight from Overweight at Wells Fargo; tgt $280
- Terex (TEX) downgraded to Hold from Buy at Jefferies; tgt lowered to $63
- Timken (TKR) downgraded to Hold from Buy at Jefferies; tgt lowered to $85
- Toronto-Dominion Bank (TD) downgraded to Sector Perform from Sector Outperform at Scotiabank
- U.S. Bancorp (USB) downgraded to Equal-Weight from Overweight at Stephens
- Zoom Video (ZM) downgraded to Underweight from Equal Weight at Wells Fargo; tgt $70
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Others:
- Alphabet (GOOG/L) resumed with an Outperform at Raymond James; tgt $150
- Amazon (AMZN) resumed with a Strong Buy at Raymond James; tgt $185
- Apogee Therapeutics (APGE) initiated with a Buy at BTIG Research; tgt $43
- Asana (ASAN) resumed with a Neutral at DA Davidson; tgt $20
- Ascendis Pharma (ASND) initiated with a Buy at Jefferies; tgt $150
- ATS Corp (ATS) initiated with a Neutral at JP Morgan; tgt $45
- Biogen (BIIB) resumed with an Overweight at Cantor Fitzgerald; tgt $311
- Bitcoin Depot (BTM) initiated with a Market Perform at Northland Capital; tgt $3.50
- Blackstone (BX) resumed with an Overweight at Piper Sandler; tgt $150
- Blue Owl Capital (OWL) resumed with an Overweight at Piper Sandler; tgt $18
- Celldex Therapeutics (CLDX) initiated with an Outperform at TD Cowen
- Donegal Group (DGIC/A) initiated with a Neutral at Janney; tgt $15
- Domino's Pizza (DPZ) initiated with a Buy at HSBC Securities; tgt $466
- Forian (FORA) initiated with a Buy at ROTH MKM; tgt $5
- GCM Grosvenor (GCMG) resumed with a Neutral at Piper Sandler; tgt $10
- Kanzhun Limited (BZ) initiated with a Neutral at New Street; tgt $17
- Monday.com (MNDY) resumed with a Neutral from Buy at DA Davidson; tgt $190
- McDonald's (MCD) initiated with a Buy at HSBC Securities; tgt $317
- Meta Platforms (META) resumed with a Strong Buy at Raymond James; tgt $425
- Natural Gas Services (NGS) initiated with a Buy at Stifel; tgt $18
- Nuvei Corporation (NVEI) initiated with an Overweight at Barclays; tgt $34
- Pacira BioSciences (PCRX) initiated with an Outperform at Raymond James; tgt $42
- Pinterest (PINS) resumed with an Outperform at Raymond James; tgt $45
- Shake Shack (SHAK) initiated with a Hold at HSBC Securities; tgt $74
- Snap (SNAP) resumed with an Outperform at Raymond James; tgt $20
- Starbucks (SBUX) initiated with a Hold at HSBC Securities; tgt $107
- SilverBow Resources (SBOW) initiated with a Neutral at Citigroup; tgt $34
- Smartsheet (SMAR) resumed with a Buy at DA Davidson; tgt $65
- Travelers (TRV) initiated with a Buy at Janney; tgt $215
- Utz Brands (UTZ) initiated with a Buy at Mizuho; tgt $19
- Virtus Investment Partners (VRTS) resumed with an Overweight at Piper Sandler; tgt $264
- WW (WW) resumed with a Buy at Guggenheim; tgt $14
- Yelp (YELP) resumed with a Buy at William O'Neil