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Analyst Upgrades and Downgrades For the Week of May 6th

Analyst upgrades, downgrades, and more

By Justin Nugent · April 1, 2024
Analyst Upgrades and Downgrades For the Week of May 6th

Wednesday, May 8th:

Upgrades:

  • Alignment Healthcare (ALHC)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Neutral >> Overweight
    • Price Target: $6 >> $8
  • Datadog (DDOG)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Neutral >> Outperform
    • Price Target: $130 >> $140
  • Energizer (ENR)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Underweight >> Equal-Weight
    • Price Target: $33
  • Envestnet (ENV)
    • Brokerage Firm: Jefferies
    • Ratings Change: Underperform >> Hold
    • Price Target: $47 >> $59
  • HireRight Holdings (HRT)
    • Brokerage Firm: William Blair
    • Ratings Change: Mkt Perform >> Outperform
  • Hexcel (HXL)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Equal Weight >> Overweight
    • Price Target: $81 >> $95
  • Intl Flavors (IFF)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral >> Overweight
    • Price Target: $75 >> $100
  • Nutanix (NTNX)
    • Brokerage Firm: Raymond James
    • Ratings Change: Mkt Perform >> Outperform
    • Price Target: $72
  • Old Dominion (ODFL)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Neutral >> Outperform
    • Price Target: $205
  • Orthofix (OFIX)
    • Brokerage Firm: ROTH MKM
    • Ratings Change: Neutral >> Buy
    • Price Target: $15 >> $20
  • Boston Beer Co (SAM)
    • Brokerage Firm: Deutsche Bank
    • Ratings Change: Sell >> Hold
    • Price Target: $273
  • Confluent (CFLT)
    • Brokerage Firm: Canaccord Genuity
    • Ratings Change: Hold >> Buy
    • Price Target: $35
  • Crexendo (CXDO)
    • Brokerage Firm: B. Riley Securities
    • Ratings Change: Neutral >> Buy
    • Price Target: $6.75 >> $5.75
  • ExlService (EXLS)
    • Brokerage Firm: Wedbush
    • Ratings Change: Neutral >> Outperform
    • Price Target: $34 >> $40
  • Redfin (RDFN)
    • Brokerage Firm: Stephens
    • Ratings Change: Equal-Weight >> Overweight
    • Price Target: $8 >> $9
  • ADTRAN (ADTN)
    • Brokerage Firm: Northland Capital
    • Ratings Change: Market Perform >> Outperform
    • Price Target: $7.5
  • Myriad Genetics (MYGN)
    • Brokerage Firm: Leerink Partners
    • Ratings Change: Market Perform >> Outperform
    • Price Target: $25 >> $35
  • SK Telecom (SKM)
    • Brokerage Firm: Nomura
    • Ratings Change: Reduce >> Neutral

Downgrades:

  • Definitive Healthcare (DH)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight >> Equal-Weight
    • Price Target: $11.5 >> $9
  • DoubleVerify (DV)
    • Brokerage Firm: KeyBanc Capital Markets
    • Ratings Change: Overweight >> Sector Weight
  • Golub Capital (GBDC)
    • Brokerage Firm: Raymond James
    • Ratings Change: Outperform >> Mkt Perform
  • WK Kellogg Co (KLG)
    • Brokerage Firm: Exane BNP Paribas
    • Ratings Change: Neutral >> Underperform
    • Price Target: $20
  • NASDAQ (NDAQ)
    • Brokerage Firm: Rosenblatt
    • Ratings Change: Buy >> Neutral
    • Price Target: $76 >> $64
  • Nuvei Corporation (NVEI)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight >> Neutral
    • Price Target: $32 >> $34
  • Premier (PINC)
    • Brokerage Firm: Canaccord Genuity
    • Ratings Change: Buy >> Hold
    • Price Target: $27 >> $21
  • Runway Growth Finance (RWAY)
    • Brokerage Firm: Compass Point
    • Ratings Change: Buy >> Neutral
    • Price Target: $12.75
  • Rhythm Pharmaceuticals (RYTM)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Buy >> Neutral
    • Price Target: $49 >> $42
  • Saratoga Investment (SAR)
    • Brokerage Firm: Oppenheimer
    • Ratings Change: Outperform >> Perform
  • Shoals Technologies (SHLS)
    • Brokerage Firm: ROTH MKM
    • Ratings Change: Buy >> Neutral
    • Price Target: $15 >> $8
  • Treace Medical Concepts (TMCI)
    • Brokerage Firm: BTIG Research
    • Ratings Change: Buy >> Neutral
  • Treace Medical Concepts (TMCI)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight >> Neutral
    • Price Target: $15 >> $8
  • Vishay Precision (VPG)
    • Brokerage Firm: B. Riley Securities
    • Ratings Change: Buy >> Neutral
    • Price Target: $37 >> $36
  • Victoria’s Secret (VSCO)
    • Brokerage Firm: Barclays
    • Ratings Change: Equal Weight >> Underweight
    • Price Target: $14
  • WideOpenWest (WOW)
    • Brokerage Firm: Raymond James
    • Ratings Change: Outperform >> Mkt Perform
  • ZoomInfo (ZI)
    • Brokerage Firm: Goldman
    • Ratings Change: Neutral >> Sell
    • Price Target: $19.5 >> $12
  • ZoomInfo (ZI)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Overweight >> Neutral
    • Price Target: $24 >> $15
  • Treace Medical Concepts (TMCI)
    • Brokerage Firm: Stifel
    • Ratings Change: Buy >> Hold
    • Price Target: $15 >> $6
  • ZoomInfo (ZI)
    • Brokerage Firm: Mizuho
    • Ratings Change: Buy >> Neutral
    • Price Target: $23

Coverage Initiated:

  • Sutro Biopharma (STRO):
    • Brokerage Firm: BofA Securities
    • Ratings Change: Buy
    • Price Target: $12
  • Advanced Drainage Systems (WMS):
    • Brokerage Firm: Northcoast
    • Ratings Change: Buy
    • Price Target: $190

Tuesday, May 7th:

Upgrades

  • Advanced Micro (AMD)
    • Brokerage Firm: DZ Bank
    • Ratings Change: Hold >> Buy
    • Price Target: $190
  • Design Therapeutics (DSGN)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Neutral >> Overweight
    • Price Target: $6 >> $12
  • Gap (GPS)
    • Brokerage Firm: Citigroup
    • Ratings Change: Neutral >> Buy
    • Price Target: $21 >> $28
  • Cloudflare (NET)
    • Brokerage Firm: DZ Bank
    • Ratings Change: Hold >> Buy
    • Price Target: $95
  • Omnicom (OMC)
    • Brokerage Firm: Barclays
    • Ratings Change: Equal Weight >> Overweight
    • Price Target: $100 >> $110
  • Philips (PHG)
    • Brokerage Firm: Exane BNP Paribas
    • Ratings Change: Underperform >> Neutral
  • Insulet (PODD)
    • Brokerage Firm: Wolfe Research
    • Ratings Change: Peer Perform >> Outperform
    • Price Target: $200
  • Sunstone Hotel (SHO)
    • Brokerage Firm: Compass Point
    • Ratings Change: Sell >> Neutral
    • Price Target: $10 >> $12
  • Target (TGT)
    • Brokerage Firm: Citigroup
    • Ratings Change: Neutral >> Buy
    • Price Target: $180
  • Ubisoft (UBSFY)
    • Brokerage Firm: Stifel
    • Ratings Change: Hold >> Buy
  • Vale S.A. (VALE)
    • Brokerage Firm: UBS
    • Ratings Change: Neutral >> Buy
    • Price Target: $13 >> $15
  • Cognex (CGNX)
    • Brokerage Firm: HSBC Securities
    • Ratings Change: Hold >> Buy

Downgrades

  • CVS Health (CVS)
    • Brokerage Firm: TD Cowen
    • Ratings Change: Buy >> Hold
    • Price Target: $99 >> $59
  • Integra (IART)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Overweight >> Equal Weight
    • Price Target: $45 >> $25
  • Lyra Therapeutics (LYRA)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Buy >> Underperform
  • Lyra Therapeutics (LYRA)
    • Brokerage Firm: Jefferies
    • Ratings Change: Buy >> Hold
    • Price Target: $10 >> $0.5
  • Lyra Therapeutics (LYRA)
    • Brokerage Firm: H.C. Wainwright
    • Ratings Change: Buy >> Neutral
    • Price Target: $12 >> $2
  • Teradata (TDC)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Neutral >> Underperform
    • Price Target: $48 >> $39
  • Vestis (VSTS)
    • Brokerage Firm: Redburn Atlantic
    • Ratings Change: Buy >> Neutral
    • Price Target: $13.4
  • Integra (IART)
    • Brokerage Firm: Oppenheimer
    • Ratings Change: Outperform >> Perform

Coverage Initiated

  • Corning (GLW)
    • Brokerage Firm: Mizuho
    • Ratings Change: Neutral
    • Price Target: $36
  • Metagenomi (MGX)
    • Brokerage Firm: H.C. Wainwright
    • Ratings Change: Buy
    • Price Target: $10
  • Summit Therapeutics (SMMT)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy
    • Price Target: $7
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Buy
    • Price Target: $42
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Overweight
    • Price Target: $40
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy
    • Price Target: $41
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: Stifel
    • Ratings Change: Buy
    • Price Target: $40
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight
    • Price Target: $39
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform
    • Price Target: $40
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: Jefferies
    • Ratings Change: Buy
    • Price Target: $42
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: UBS
    • Ratings Change: Neutral
    • Price Target: $38
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: Goldman
    • Ratings Change: Neutral
    • Price Target: $39
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: Raymond James
    • Ratings Change: Outperform
    • Price Target: $42
  • UL Solutions Inc. (ULS)
    • Brokerage Firm: William Blair
    • Ratings Change: Outperform
  • Ares Management (ARES)
    • Brokerage Firm: TD Cowen
    • Ratings Change: Buy
    • Price Target: $154
  • LanzaTech (LNZA)
    • Brokerage Firm: TD Cowen
    • Ratings Change: Hold
    • Price Target: $3

Monday, May 6th:

Upgrades

  • Bausch + Lomb (BLCO)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight >> Overweight
    • Price Target: $16 >> $18
  • Blueprint Medicines (BPMC)
    • Brokerage Firm: Leerink Partners
    • Ratings Change: Underperform >> Market Perform
    • Price Target: $50 >> $97
  • Banco Santander Brasil (BSBR)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Neutral >> Buy
  • Camden Property (CPT)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Underweight >> Neutral
    • Price Target: $90 >> $110
  • CytomX Therapeutics (CTMX)
    • Brokerage Firm: Jefferies
    • Ratings Change: Hold >> Buy
    • Price Target: $2.5 >> $8
  • Glaukos (GKOS)
    • Brokerage Firm: Jefferies
    • Ratings Change: Hold >> Buy
    • Price Target: $84 >> $125
  • Mid-America Aptmt (MAA)
    • Brokerage Firm: Wedbush
    • Ratings Change: Neutral >> Outperform
    • Price Target: $135 >> $154
  • Melco Resorts & Entertainment (MLCO)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight >> Overweight
    • Price Target: $8.3 >> $9.6
  • Micron (MU)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Neutral >> Outperform
    • Price Target: $115 >> $150
  • Silicon Motion (SIMO)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight >> Overweight
    • Price Target: $59 >> $88
  • Sensata Tech (ST)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: In-line >> Outperform
    • Price Target: $44 >> $60
  • Wolverine (WWW)
    • Brokerage Firm: Seaport Research Partners
    • Ratings Change: Neutral >> Buy
    • Price Target: $15
  • U.S. Steel (X)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight >> Overweight
    • Price Target: $51 >> $48
  • Chemomab Therapeutics (CMMB)
    • Brokerage Firm: Oppenheimer
    • Ratings Change: Perform >> Outperform
    • Price Target: $6
  • ModivCare (MODV)
    • Brokerage Firm: Lake Street
    • Ratings Change: Hold >> Buy
    • Price Target: $50

Downgrades

  • Comerica (CMA)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral
    • Price Target: $56
  • Johnson Controls (JCI)
    • Brokerage Firm: UBS
    • Ratings Change: Buy >> Neutral
    • Price Target: $74 >> $68
  • Peloton (PTON)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral
    • Price Target: $8 >> $4
  • Ryan Specialty Group (RYAN)
    • Brokerage Firm: Wolfe Research
    • Ratings Change: Outperform >> Peer Perform
  • Victoria’s Secret (VSCO)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight >> Underweight
    • Price Target: $19 >> $15
  • Uniti Group (UNIT)
    • Brokerage Firm: Raymond James
    • Ratings Change: Strong Buy >> Outperform
    • Price Target: $8 >> $6
  • Carpenter Tech (CRS)
    • Brokerage Firm: Northcoast
    • Ratings Change: Buy >> Neutral
  • Daqo New Energy (DQ)
    • Brokerage Firm: HSBC Securities
    • Ratings Change: Hold >> Reduce
    • Price Target: $23.5 >> $17.5
  • LuxUrban Hotels (LUXH)
    • Brokerage Firm: Northland Capital
    • Ratings Change: Outperform >> Market Perform
  • Lyra Therapeutics (LYRA)
    • Brokerage Firm: William Blair
    • Ratings Change: Outperform >> Mkt Perform

Coverage Initiated

  • EHang (EH)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight
    • Price Target: $27.5
  • enCore Energy Corp. (EU)
    • Brokerage Firm: H.C. Wainwright
    • Ratings Change: Buy
    • Price Target: $7.5
  • Flutter Entertainment (FLUT)
    • Brokerage Firm: MoffettNathanson
    • Ratings Change: Buy
    • Price Target: $240
  • Jasper Therapeutics (JSPR)
    • Brokerage Firm: H.C. Wainwright
    • Ratings Change: Buy
    • Price Target: $65
  • PACS Group (PACS)
    • Brokerage Firms: RBC Capital Mkts, Truist, Oppenheimer, Citigroup, JP Morgan, Stephens
    • Ratings Change: Outperform, Buy, Outperform, Buy, Overweight, Overweight
    • Price Targets: $30, $32, $31, $32, $27, $31
  • Eton Pharmaceuticals (ETON)
    • Brokerage Firm: Craig Hallum
    • Ratings Change: Buy
    • Price Target: $8