>>> USResearch Calls I

Research Calls I
  • Upgrades:
    • Alcoa (AA) upgraded to Peer Perform from Underperform at Wolfe Research
    • Atlassian (TEAM) upgraded to Buy from Neutral at Goldman; tgt raised to $230
    • Blue Owl Capital (OWL) upgraded to Outperform from Perform at Oppenheimer; tgt $21
    • Ferrari (RACE) upgraded to Overweight from Equal Weight at Barclays
    • First Bancshares (FBMS) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt raised to $40
    • Frontdoor (FTDR) upgraded to Outperform from Mkt Perform at William Blair
    • Grid Dynamics (GDYN) upgraded to Buy from Hold at TD Cowen; tgt raised to $16
    • Intuitive Surgical (ISRG) upgraded to Buy from Neutral at Redburn Atlantic; tgt raised to $510
    • Kellanova (K) upgraded to Buy from Neutral at BofA Securities; tgt raised to $70
    • Mobileye Global (MBLY) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt lowered to $18
    • Omnicell (OMCL) upgraded to Equal Weight from Underweight at Barclays; tgt raised to $39
    • Qualcomm (QCOM) upgraded to Buy from Hold at DZ Bank; tgt $210
    • RingCentral (RNG) upgraded to Buy from Neutral at Rosenblatt; tgt $45
  • Downgrades:
    • Alexandria RE (ARE) downgraded to Hold from Buy at Jefferies; tgt lowered to $127
    • Altair Engineering (ALTR) downgraded to Sell from Neutral at Goldman; tgt lowered to $71
    • Altice USA (ATUS) downgraded to Neutral from Buy at UBS; tgt lowered to $2
    • Amazon (AMZN) downgraded to Market Perform from Outperform at Itau BBA; tgt $186
    • Appian (APPN) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
    • Atlassian (TEAM) downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $175
    • Bausch Health (BHC) downgraded to Underweight from Neutral at Piper Sandler; tgt lowered to $3
    • Builders FirstSource (BLDR) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $180
    • CenterPoint (CNP) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $29
    • CenterPoint (CNP) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
    • CenterPoint (CNP) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt lowered to $28
    • Clarus Corporation (CLAR) downgraded to Neutral from Buy at ROTH MKM
    • Crocs (CROX) downgraded to Outperform from Strong Buy at Raymond James; tgt $164
    • Intel (INTC) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $23
    • Intel (INTC) downgraded to Reduce from Hold at HSBC Securities
    • Intel (INTC) downgraded to Hold from Buy at The Benchmark Company
    • Intel (INTC) downgraded to Mkt Perform from Outperform at Raymond James
    • Intercontinental Exchange (ICE) downgraded to Hold from Buy at Deutsche Bank; tgt lowered to $152
    • Ionis Pharma (IONS) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt lowered to $60
    • lululemon athletica (LULU) downgraded to Neutral from Buy at Goldman; tgt lowered to $286
    • Microchip (MCHP) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $90
    • Morgan Stanley (MS) downgraded to Underweight from Equal Weight at Wells Fargo; tgt lowered to $95
    • Nu Holdings (NU) downgraded to Neutral from Buy at UBS; tgt $13.50
    • Oaktree Specialty Lending Corp (OSCL) downgraded to Perform from Outperform at Oppenheimer
    • Procore Technologies (PCOR) downgraded to Neutral from Buy at DA Davidson; tgt lowered to $60
    • Procore Technologies (PCOR) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $54
    • SmartRent (SMRT) downgraded to Neutral from Buy at BTIG Research
    • Southern (SO) downgraded to Peer Perform from Outperform at Wolfe Research
    • Telefonica S.A. (TEF) downgraded to Neutral from Buy at BofA Securities
  • Others:
    • Brookfield Asset Mgmt (BAM) initiated with a Hold at Jefferies; tgt $43
    • California Resources Corp (CRC) initiated with a Buy at TD Cowen; tgt $65
    • Lion's Gate B (LGF.B) resumed with an Overweight at Morgan Stanley; tgt $10.50
    • Lionsgate Studios (LION) initiated with an Overweight at Morgan Stanley; tgt $9.50
    • Rani Therapeutics (RANI) initiated with an Outperform at Oppenheimer; tgt $17
    • Regulus Therapeutics (RGLS) initiated with an Outperform at Oppenheimer; tgt $7
    • Seven Hills Realty Trust (SEVN) initiated with a Buy at Janney; tgt $15