Analyst Upgrades and Downgrades For the Week of 1/13/2025

Upgrades

• American Electric (AEP): BofA Securities – Underperform >> Buy, Price Target: $98 >> $104
• Ardagh Metal Packaging S.A. (AMBP): Morgan Stanley – Underweight >> Equal-Weight, Price Target: $3.1
• Amwell (AMWL): Wells Fargo – Equal Weight >> Overweight, Price Target: $15
• Banco Bradesco (BBD): HSBC Securities – Hold >> Buy, Price Target: $2.8
• Instacart (CART): Needham – Hold >> Buy, Price Target: $56
• Caterpillar (CAT): Evercore ISI – Underperform >> In-line, Price Target: $365
• Crown Castle (CCI): Barclays – Equal Weight >> Overweight, Price Target: $117 >> $104
• Crown (CCK): Morgan Stanley – Equal-Weight >> Overweight, Price Target: $109 >> $105
• Chewy (CHWY): Evercore ISI – In-line >> Outperform, Price Target: $34 >> $47
• Douglas Emmett (DEI): Piper Sandler – Neutral >> Overweight, Price Target: $20
• e.l.f. Beauty (ELF): Morgan Stanley – Equal-Weight >> Overweight, Price Target: $139 >> $153
• Essex Property (ESS): BMO Capital Markets – Market Perform >> Outperform, Price Target: $323 >> $310
• Etsy (ETSY): Jefferies – Underperform >> Hold, Price Target: $45 >> $55
• Gulfport Energy (GPOR): BofA Securities – Neutral >> Buy, Price Target: $164 >> $227
• Itau Unibanco Holding SA (ITUB): HSBC Securities – Hold >> Buy
• KLA Corporation (KLAC): Needham – Hold >> Buy, Price Target: $750
• LegalZoom.com (LZ): JP Morgan – Underweight >> Overweight, Price Target: $8 >> $9
• Nutrien (NTR): JP Morgan – Underweight >> Neutral, Price Target: $40 >> $50
• Ovintiv (OVV): BofA Securities – Neutral >> Buy, Price Target: $55 >> $54
• RH (RH): Morgan Stanley – Equal-Weight >> Overweight, Price Target: $435 >> $530
• Range Resources (RRC): BofA Securities – Neutral >> Buy, Price Target: $34 >> $45
• SEMRush (SEMR): Morgan Stanley – Equal-Weight >> Overweight, Price Target: $17 >> $20
• Wix.com (WIX): Morgan Stanley – Equal-Weight >> Overweight, Price Target: $248 >> $276
• Kratos Defense and Security (KTOS): B. Riley Securities – Neutral >> Buy, Price Target: $26 >> $35
• Linde plc (LIN): TD Cowen – Hold >> Buy
• Amplitude (AMPL): Morgan Stanley – Underweight >> Equal-Weight, Price Target: $10 >> $11
• CF Industries (CF): Piper Sandler – Underweight >> Overweight, Price Target: $79 >> $105
• Capital One (COF): UBS – Neutral >> Buy, Price Target: $168 >> $235
• Discover Financial Services (DFS): UBS – Neutral >> Buy, Price Target: $150 >> $239
• LSB Industries (LXU): Piper Sandler – Underweight >> Overweight, Price Target: $9 >> $11
• Mosaic (MOS): Piper Sandler – Underweight >> Neutral, Price Target: $26 >> $30
• Nutrien (NTR): Piper Sandler – Underweight >> Overweight, Price Target: $50 >> $58
• U.S. Bancorp (USB): Piper Sandler – Neutral >> Overweight, Price Target: $58
• Xcel Energy (XEL): Wells Fargo – Equal Weight >> Overweight, Price Target: $70 >> $72
• Option Care Health (OPCH): BofA Securities – Neutral >> Buy, Price Target: $26 >> $33

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Downgrades

• Atlas Energy Solutions (AESI): BofA Securities – Buy >> Neutral, Price Target: $22.5
• Chord Energy (CHRD): BofA Securities – Buy >> Neutral, Price Target: $208 >> $138
• Cohu (COHU): Needham – Buy >> Hold
• Definitive Healthcare (DH): Barclays – Equal Weight >> Underweight, Price Target: $4
• EOG Resources (EOG): BofA Securities – Buy >> Neutral, Price Target: $151 >> $144
• 4D Molecular Therapeutics (FDMT): BMO Capital Markets – Outperform >> Market Perform, Price Target: $40 >> $15
• FormFactor (FORM): Needham – Buy >> Hold
• Hesai Group (HSAI): Morgan Stanley – Overweight >> Equal-Weight, Price Target: $5.8 >> $15
• ICHOR Corporation (ICHR): Needham – Buy >> Hold
• Magnolia Oil & Gas (MGY): BofA Securities – Buy >> Neutral, Price Target: $29 >> $28
• NextEra Energy Partners (NEP): BMO Capital Markets – Outperform >> Market Perform, Price Target: $26 >> $18
• Pinterest (PINS): Jefferies – Buy >> Hold, Price Target: $40 >> $32
• PJT Partners (PJT): JMP Securities – Mkt Outperform >> Mkt Perform
• STMicroelectronics (STM): TD Cowen – Buy >> Hold, Price Target: $32 >> $25
• Constellation Brands (STZ): JP Morgan – Overweight >> Neutral, Price Target: $262 >> $203
• Constellation Brands (STZ): Jefferies – Buy >> Hold, Price Target: $310 >> $201
• Terreno Realty (TRNO): Barclays – Overweight >> Equal Weight, Price Target: $68 >> $60
• LiveRamp (RAMP): Morgan Stanley – Overweight >> Equal-Weight, Price Target: $35
• Richardson Electronics (RELL): Northland Capital – Outperform >> Market Perform
• Ethan Allen (ETD): Argus – Buy >> Hold
• NeoGenomics (NEO): The Benchmark Company – Buy >> Hold

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Coverage Initiated

• AXIS Capital (AXS): BMO Capital Markets – Market Perform, Price Target: $93
• Camtek (CAMT): Cantor Fitzgerald – Neutral, Price Target: $100
• California Resources Corp (CRC): Truist – Buy, Price Target: $75
• Nova Measuring (NVMI): Cantor Fitzgerald – Overweight, Price Target: $275
• Onto Innovation (ONTO): Cantor Fitzgerald – Overweight, Price Target: $250
• PG&E (PCG): BMO Capital Markets – Outperform, Price Target: $21
• Compugen (CGEN): Oppenheimer – Outperform, Price Target: $4
• Skyward Specialty Insurance Group (SKWD): TD Cowen – Hold, Price Target: $43
• Cormedix (CRMD): D. Boral Capital – Buy, Price Target: $15
• Checkpoint Therapeutics (CKPT): D. Boral Capital – Buy, Price Target: $9
• Cadence Design (CDNS): Redburn Atlantic – Buy, Price Target: $350
• Newmont Corporation (NEM): Goldman – Buy, Price Target: $47.2
• Synopsys (SNPS): Redburn Atlantic – Buy, Price Target: $600
• Nebius Group N.V. (NBIS): BWS Financial – Buy, Price Target: $51