Research Calls
- Upgrades:
- BNY Mellon (BK) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt lowered to $58
- BASF AG (BASFY) upgraded to Buy from Hold at HSBC Securities
- Deere (DE) upgraded to Neutral from Underweight at JP Morgan; tgt raised to $440
- Illinois Tool (ITW) upgraded to Overweight from Neutral at JP Morgan; tgt lowered to $255
- KLA Corporation (KLAC) upgraded to Buy from Neutral at Goldman; tgt $430
- The Duckhorn Portfolio (NAPA) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt $23
- Downgrades:
- Advanced Micro (AMD) downgraded to Buy from Conviction Buy at Goldman; tgt $127
- Adecco S.A. (AHEXY) downgraded to Underweight from Neutral at JP Morgan
- Alliance Data (ADS) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $67
- Altria (MO) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt $53
- Beyond Meat (BYND) downgraded to Underweight from Neutral at Piper Sandler; tgt lowered to $29
- Buzzi Unicem SpA (BZZUY) downgraded to Hold from Buy at HSBC Securities
- Campbell Soup (CPB) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $46
- Citigroup (C) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $60
- Fifth Third (FITB) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $50
- Foot Locker (FL) downgraded to Market Perform from Outperform at Cowen; tgt $34
- Guild Holdings (GHLD) downgraded to Equal Weight from Overweight at Wells Fargo; tgt $11
- Honest Company (HNST) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $6.50
- Heineken (HEINY) downgraded to Underweight from Equal Weight at Barclays
- ITT (ITT) downgraded to Perform from Outperform at Oppenheimer
- KB Home (KBH) downgraded to Peer Perform from Outperform at Wolfe Research
- Kennametal (KMT) downgraded to Underweight from Neutral at JP Morgan; tgt lowered to $31
- M&T Bank (MTB) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt lowered to $179
- Microchip (MCHP) downgraded to Neutral from Buy at Goldman; tgt $79
- Qorvo (QRVO) downgraded to Neutral from Buy at Goldman; tgt $138
- SEI Investments (SEIC) downgraded to Neutral from Buy at Goldman; tgt lowered to $65
- Synchrony Financial (SYF) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $40
- Teradyne (TER) downgraded to Neutral from Buy at Goldman; tgt $127
- Trex (TREX) downgraded to Underperform from Neutral at Exane BNP Paribas; tgt $81
- Others:
- BigBear.ai (BBAI) initiated with an Outperform at Oppenheimer; tgt $10
- Brookfield Renewable Partners (BEP) initiated with a Buy at UBS; tgt $46
- Globus Medical (GMED) initiated with an Overweight at Wells Fargo; tgt $80
- NuVasive (NUVA) initiated with an Overweight at Wells Fargo; tgt $58
- Roblox (RBLX) initiated with an Outperform at Daiwa Securities; tgt $56
- Toast (TOST) initiated with a Neutral at Credit Suisse; tgt $22
- Unity Software (U) initiated with an Outperform at Daiwa Securities; tgt $110