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Analyst Upgrades and Downgrades For the Week of April 22nd

Analyst upgrades, downgrades, and more

By Justin Nugent · April 22, 2024
Analyst Upgrades and Downgrades For the Week of April 22nd

Friday, April 26th:

Upgrades:

  • Citizens Financial Group (CFG)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Neutral to Overweight
    • Price Target: $35 to $41
  • Compass Minerals (CMP)
    • Brokerage Firm: Loop Capital
    • Ratings Change: Hold to Buy
    • Price Target: $26 to $23
  • Dow (DOW)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral to Overweight
    • Price Target: $55 to $61
  • Enphase Energy (ENPH)
    • Brokerage Firm: Barclays
    • Ratings Change: Equal Weight to Overweight
    • Price Target: $115 to $134
  • EPAM Systems (EPAM)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Underweight to Equal-Weight
    • Price Target: $236 to $225
  • Kratos Defense and Security (KTOS)
    • Brokerage Firm: Raymond James
    • Ratings Change: Outperform to Strong Buy
    • Price Target: $20 to $27
  • Lemaitre Vascular (LMAT)
    • Brokerage Firm: Stifel
    • Ratings Change: Hold to Buy
    • Price Target: $59 to $75
  • Sonic Automotive (SAH)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Underperform to Buy
    • Price Target: $55 to $68
  • Visteon (VC)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Underweight to Equal Weight
    • Price Target: $106 to $108
  • Western Digital (WDC)
    • Brokerage Firm: The Benchmark Company
    • Ratings Change: Hold to Buy
    • Price Target: $85
  • Snap (SNAP)
    • Brokerage Firm: HSBC Securities
    • Ratings Change: Reduce to Buy
  • Palantir Technologies (PLTR)
    • Brokerage Firm: Monness Crespi & Hardt
    • Ratings Change: Sell to Neutral
  • Healthpeak Properties (DOC)
    • Brokerage Firm: Exane BNP Paribas
    • Ratings Change: Neutral to Outperform
    • Price Target: $19 to $21

Downgrades:

  • AssetMark (AMK)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight to Neutral
    • Price Target: $37
  • Argo Blockchain Plc (ABRK)
    • Brokerage Firm: H.C. Wainwright
    • Ratings Change: Buy to Neutral
  • Boyd Gaming (BYD)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight to Neutral
    • Price Target: $80 to $67
    • Brokerage Firm: Deutsche Bank
    • Ratings Change: Buy to Hold
    • Price Target: $78 to $71
  • Caterpillar (CAT)
    • Brokerage Firm: Stifel
    • Ratings Change: Buy to Hold
    • Price Target: $293 to $350
  • First Citizens BancShares (FCNCA)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Overweight to Neutral
    • Price Target: $1850 to $1950
  • Hertz Global (HTZ)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Neutral to Underperform
    • Price Target: $9 to $3
  • Knight-Swift (KNX)
    • Brokerage Firm: Stifel
    • Ratings Change: Buy to Hold
    • Price Target: $53 to $47
  • Mobileye Global (MBLY)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight to Underweight
    • Price Target: $26 to $25
  • Envista (NVST)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight to Equal-Weight
    • Price Target: $33 to $21
  • Range Resources (RRC)
    • Brokerage Firm: RBC Capital Mkts
    • Ratings Change: Outperform to Sector Perform
    • Price Target: $36 to $39
  • Teledyne Tech (TDY)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Buy to Neutral
    • Price Target: $490 to $400
  • WNS (WNS)
    • Brokerage Firm: Deutsche Bank
    • Ratings Change: Buy to Hold
    • Price Target: $64 to $44
  • Celestica (CLS)
    • Brokerage Firm: CIBC
    • Ratings Change: Sector Outperform to Neutral
  • Nextracker (NXT)
    • Brokerage Firm: Northland Capital
    • Ratings Change: Outperform to Market Perform
    • Price Target: $60 to $44

Coverage Initiated:

  • Napco Security Systems (NSSC)
    • Brokerage Firm: DA Davidson
    • Ratings Change: Buy
    • Price Target: $52
  • Qualys (QLYS)
    • Brokerage Firm: Scotiabank
    • Ratings Change: Sector Perform
    • Price Target: $172
  • Rapid7 (RPD)
    • Brokerage Firm: Scotiabank
    • Ratings Change: Sector Perform
    • Price Target: $46
  • Spire (SR)
    • Brokerage Firm: Ladenburg Thalmann
    • Ratings Change: Neutral
    • Price Target: $57.5
  • Tenable (TENB)
    • Brokerage Firm: Scotiabank
    • Ratings Change: Sector Perform
    • Price Target: $47
  • MacroGenics (MGNX)
    • Brokerage Firm: B. Riley Securities
    • Ratings Change: Buy
    • Price Target: $25

Thursday, April 25th:

Upgrades:

  • Akzo Nobel N.V. (AKZOY) – Goldman: Sell to Neutral
  • Doximity (DOCS) – JP Morgan: Underweight to Neutral, Price Target: $25
  • Five Below (FIVE) – Wells Fargo: Equal Weight to Overweight, Price Target: $180
  • MAG Silver (MAG) – Canaccord Genuity: Speculative Buy to Buy
  • Manhattan Assoc (MANH) – DA Davidson: Neutral to Buy, Price Target: $220 to $240
  • Sherwin-Williams (SHW) – KeyBanc Capital Markets: Sector Weight to Overweight, Price Target: $400
  • Silicon Labs (SLAB) – Needham: Hold to Buy, Price Target: $150
  • TJX (TJX) – Goldman: Neutral to Buy, Price Target: $100 to $110
  • Tandem Diabetes Care (TNDM) – Leerink Partners: Market Perform to Outperform, Price Target: $34 to $45
  • Trustmark (TRMK) – Keefe Bruyette: Mkt Perform to Outperform, Price Target: $30 to $36
  • UDR (UDR) – UBS: Neutral to Buy, Price Target: $38 to $44
  • UPS (UPS) – HSBC Securities: Hold to Buy, Price Target: $170
  • Acadia Healthcare (ACHC) – Deutsche Bank: Sell to Hold, Price Target: $70

Downgrades:

  • Calix Networks (CALX) – Jefferies: Buy to Hold, Price Target: $48 to $30
  • Carrefour SA (CRRFY) – Morgan Stanley: Overweight to Equal-Weight
  • Deckers Outdoor (DECK) – BofA Securities: Buy to Neutral, Price Target: $875 to $860
  • First Industrial Realty (FR) – Wedbush: Outperform to Neutral, Price Target: $59 to $49
  • Li Auto (LI) – Barclays: Overweight to Equal Weight, Price Target: $25
  • Monster Beverage (MNST) – JP Morgan: Overweight to Neutral, Price Target: $66 to $59
  • Monster Beverage (MNST) – Truist: Buy to Sell, Price Target: $65 to $46
  • CureVac (CVAC) – Leerink Partners: Outperform to Market Perform, Price Target: $12 to $4
  • AssetMark (AMK) – William Blair: Outperform to Market Perform

Coverage Initiated:

  • General Motors (GM) – Bernstein: Outperform, Price Target: $55
  • Lloyds Banking (LYG) – Berenberg: Hold, Price Target: $2.75
  • Processa Pharmaceuticals (PCSA) – H.C. Wainwright: Buy, Price Target: $8
  • Victoria’s Secret (VSCO) – Goldman: Sell, Price Target: $14
  • Americold Realty Trust (COLD) – Wells Fargo: Equal Weight, Price Target: $24
  • Red Robin Gourmet (RRGB) – Craig Hallum: Buy, Price Target: $20

Wednesday, April 24th:

Upgrades:

  • Airbnb (ABNB)
    • Brokerage Firm: Mizuho
    • Ratings Change: Neutral to Buy
    • Price Target: $150 to $200
  • Crane (CR)
    • Brokerage Firm: Vertical Research
    • Ratings Change: Hold to Buy
  • Globe Life (GL)
    • Brokerage Firm: Keefe Bruyette
    • Ratings Change: Mkt Perform to Outperform
    • Price Target: $130 to $110
  • MSCI (MSCI)
    • Brokerage Firm: Deutsche Bank
    • Ratings Change: Hold to Buy
    • Price Target: $613 to $569
  • Neurocrine Biosciences (NBIX)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Equal Weight to Overweight
    • Price Target: $140 to $170
  • The Children’s Place (PLCE)
    • Brokerage Firm: B. Riley Securities
    • Ratings Change: Sell to Neutral
    • Price Target: $12 to $7
  • Sea Limited (SE)
    • Brokerage Firm: Loop Capital
    • Ratings Change: Hold to Buy
    • Price Target: $59 to $92
  • Sirius XM (SIRI)
    • Brokerage Firm: Citigroup
    • Ratings Change: Sell to Neutral
    • Price Target: $4.1 to $3.3
  • Sirius XM (SIRI)
    • Brokerage Firm: Pivotal Research Group
    • Ratings Change: Hold to Buy
    • Price Target: $5.05 to $4.9
  • SmartFinancial (SMBK)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Neutral to Overweight
    • Price Target: $25 to $26
  • Tesla (TSLA)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Neutral to Buy
    • Price Target: $220
  • Adidas AG (ADDYY)
    • Brokerage Firm: Stifel
    • Ratings Change: Hold to Buy
  • Packaging Corp (PKG)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Equal Weight to Overweight
    • Price Target: $187 to $191
  • Cadence Bank (CADE)
    • Brokerage Firm: Hovde Group
    • Ratings Change: Market Perform to Outperform
    • Price Target: $32.5 to $33
  • United Micro (UMC)
    • Brokerage Firm: Citigroup
    • Ratings Change: Neutral to Buy
  • Gilead Sciences (GILD)
    • Brokerage Firm: HSBC Securities
    • Ratings Change: Reduce to Hold
    • Price Target: $69

Downgrades:

  • CEMEX S.A. (CX)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Buy to Neutral
    • Price Target: $9
  • Independent Bank Group (IBTX)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Neutral to Underweight
    • Price Target: $48 to $38
  • HashiCorp (HCP)
    • Brokerage Firm: BTIG Research
    • Ratings Change: Buy to Neutral
  • Liberty Media (LSXMA)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy to Neutral
    • Price Target: $35 to $28
  • Molson Coors Brewing (TAP)
    • Brokerage Firm: Citigroup
    • Ratings Change: Neutral to Sell
    • Price Target: $66 to $56
  • Enphase Energy (ENPH)
    • Brokerage Firm: Guggenheim
    • Ratings Change: Neutral to Sell
    • Price Target: $92
  • MSCI (MSCI)
    • Brokerage Firm: Oppenheimer
    • Ratings Change: Outperform to Perform
  • Silicon Labs (SLAB)
    • Brokerage Firm: Summit Insights
    • Ratings Change: Buy to Hold
  • Enphase Energy (ENPH)
    • Brokerage Firm: Jefferies
    • Ratings Change: Buy to Hold
    • Price Target: $135 to $111
  • Peapack-Gladstone Financial (PGC)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Overweight to Neutral

Coverage Initiated:

  • Kura Sushi (KRUS)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Neutral
    • Price Target: $114
  • Super Micro Computer (SMCI)
    • Brokerage Firm: KeyBanc Capital Markets
    • Ratings Change: Sector Weight
  • Materialise (MTLS)
    • Brokerage Firm: Cantor Fitzgerald
    • Ratings Change: Overweight
    • Price Target: $9.5
  • GE Vernova (GEV)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Neutral
    • Price Target: $150
  • Lakeland Industries (LAKE)
    • Brokerage Firm: Maxim Group
    • Ratings Change: Buy
    • Price Target: $22

Tuesday, April 23rd:

Upgrades

  • Sendas Distribuidora S.A. (ASAI)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral >> Overweight
    • Price Target: $15 >> $17
  • BlackLine (BL)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Underweight >> Neutral
    • Price Target: $55 >> $62
  • Sierra Bancorp (BSRR)
    • Brokerage Firm: Janney
    • Ratings Change: Neutral >> Buy
    • Price Target: $23
  • Datadog (DDOG)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Equal Weight >> Overweight
    • Price Target: $130 >> $150
  • PENN Entertainment (PENN)
    • Brokerage Firm: Truist
    • Ratings Change: Hold >> Buy
    • Price Target: $23
  • Roblox (RBLX)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral >> Overweight
    • Price Target: $41 >> $48
  • STMicroelectronics (STM)
    • Brokerage Firm: Berenberg
    • Ratings Change: Hold >> Buy
  • AtriCure (ATRC)
    • Brokerage Firm: Oppenheimer
    • Ratings Change: Perform >> Outperform
    • Price Target: $32
  • First Solar (FSLR)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: In-line >> Outperform
    • Price Target: $227
  • BCE Inc (BCE)
    • Brokerage Firm: CIBC
    • Ratings Change: Neutral >> Sector Outperform
  • Gatos Silver (GATO)
    • Brokerage Firm: Canaccord Genuity
    • Ratings Change: Hold >> Buy
    • Price Target: $6.5 >> $12.5
  • Thomson Reuters (TRI)
    • Brokerage Firm: National Bank Financial
    • Ratings Change: Underperform >> Sector Perform
  • Medpace (MEDP)
    • Brokerage Firm: Jefferies
    • Ratings Change: Hold >> Buy
    • Price Target: $340 >> $450
  • MercadoLibre (MELI)
    • Brokerage Firm: DZ Bank
    • Ratings Change: Hold >> Buy
    • Price Target: $1685
  • Perficient (PRFT)
    • Brokerage Firm: Alliance Global Partners
    • Ratings Change: Neutral >> Buy
    • Price Target: $67
  • Albertsons (ACI)
    • Brokerage Firm: ROTH MKM
    • Ratings Change: Neutral >> Buy
    • Price Target: $24
  • Dave, Inc. (DAVE)
    • Brokerage Firm: Barrington Research
    • Ratings Change: Mkt Perform >> Outperform
    • Price Target: $45
  • Truist (TFC)
    • Brokerage Firm: Compass Point
    • Ratings Change: Neutral >> Buy
    • Price Target: $42

Downgrades:

  • Five Below (FIVE)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight >> Neutral
    • Price Target: $170
  • MP Materials (MP)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight >> Neutral
    • Price Target: $20 >> $16
  • Sunnova Energy (NOVA)
    • Brokerage Firm: KeyBanc Capital Markets
    • Ratings Change: Overweight >> Sector Weight
  • Warner Bros. Discovery (WBD)
    • Brokerage Firm: Wolfe Research
    • Ratings Change: Peer Perform >> Underperform
    • Price Target: $7
  • XP (XP)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight >> Equal-Weight
    • Price Target: $31 >> $24
  • SunPower (SPWR)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: Outperform >> In-line
    • Price Target: $6
  • Canadian Natrl Res (CNQ)
    • Brokerage Firm: Desjardins
    • Ratings Change: Buy >> Hold
  • Addus HomeCare (ADUS)
    • Brokerage Firm: Barclays
    • Ratings Change: Equal Weight >> Underweight
    • Price Target: $83
  • UBS AG (UBS)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral

Coverage Initiated:

  • Auna S.A. (AUNA)
    • Brokerage Firm: HSBC Securities
    • Ratings Change: Buy
    • Price Target: $12.6
  • MongoDB (MDB)
    • Brokerage Firm: Loop Capital
    • Ratings Change: Buy
    • Price Target: $415
  • Incyte (INCY)
    • Brokerage Firm: Cantor Fitzgerald
    • Ratings Change: Neutral
  • Qualcomm (QCOM)
    • Brokerage Firm: The Benchmark Company
    • Ratings Change: Buy
    • Price Target: $200
  • Cartesian Therapeutics (RNAC)
    • Brokerage Firm: Leerink Partners
    • Ratings Change: Outperform
    • Price Target: $39
  • Insmed (INSM)
    • Brokerage Firm: Truist
    • Ratings Change: Buy
    • Price Target: $48
  • Heron Therapeutics (HRTX)
    • Brokerage Firm: CapitalOne
    • Ratings Change: Overweight
    • Price Target: $6
  • First Advantage Corp. (FA)
    • Brokerage Firm: William Blair
    • Ratings Change: Outperform
  • NICE (NICE)
    • Brokerage Firm: Rosenblatt
    • Ratings Change: Buy
    • Price Target: $285
  • Life Time (LTH)
    • Brokerage Firm: Northland Capital
    • Ratings Change: Outperform
    • Price Target: $23

Monday, April 22nd:

Upgrades

  • Alcoa (AA)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Underweight >> Equal-Weight
    • Price Target: $28.5 >> $36.5
  • CytomX Therapeutics (CTMX)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Underweight >> Neutral
  • Euronet (EEFT)
    • Brokerage Firm: Citigroup
    • Ratings Change: Neutral >> Buy
    • Price Target: $116 >> $120
  • Equity Residential (EQR)
    • Brokerage Firm: BMO Capital Markets
    • Ratings Change: Market Perform >> Outperform
    • Price Target: $68 >> $70
  • Federal Realty (FRT)
    • Brokerage Firm: Deutsche Bank
    • Ratings Change: Hold >> Buy
    • Price Target: $109 >> $110
  • L3Harris (LHX)
    • Brokerage Firm: Alembic Global Advisors
    • Ratings Change: Neutral >> Overweight
    • Price Target: $238
  • Ingevity (NGVT)
    • Brokerage Firm: Jefferies
    • Ratings Change: Hold >> Buy
    • Price Target: $52 >> $62
  • Northrop Grumman (NOC)
    • Brokerage Firm: Alembic Global Advisors
    • Ratings Change: Neutral >> Overweight
    • Price Target: $532
  • Provident Financial (PFS)
    • Brokerage Firm: DA Davidson
    • Ratings Change: Neutral >> Buy
    • Price Target: $15 >> $20
  • Papa John’s (PZZA)
    • Brokerage Firm: Stifel
    • Ratings Change: Sell >> Hold
    • Price Target: $65 >> $60
  • Robert Half (RHI)
    • Brokerage Firm: Truist
    • Ratings Change: Sell >> Hold
    • Price Target: $72
  • Sea Limited (SE)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Neutral >> Buy
    • Price Target: $62 >> $70
  • PPG Industries (PPG)
    • Brokerage Firm: Seaport Research Partners
    • Ratings Change: Neutral >> Buy
  • Sea Limited (SE)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight >> Overweight
    • Price Target: $65 >> $70

Downgrades

  • CNH Industrial (CNHI)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Buy >> Neutral
  • CVB Financial (CVBF)
    • Brokerage Firm: Hovde Group
    • Ratings Change: Outperform >> Market Perform
    • Price Target: $18
  • OGE Energy (OGE)
    • Brokerage Firm: Barclays
    • Ratings Change: Overweight >> Equal Weight
    • Price Target: $34
  • Pacific Biosciences (PACB)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight >> Neutral
  • Prologis (PLD)
    • Brokerage Firm: BMO Capital Markets
    • Ratings Change: Outperform >> Market Perform
    • Price Target: $145 >> $112
  • PPG Industries (PPG)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: Outperform >> In-line
    • Price Target: $152
  • UBS AG (UBS)
    • Brokerage Firm: Exane BNP Paribas
    • Ratings Change: Outperform >> Neutral
  • Western Digital (WDC)
    • Brokerage Firm: Raymond James
    • Ratings Change: Outperform >> Mkt Perform
  • Southern Copper (SCCO)
    • Brokerage Firm: HSBC Securities
    • Ratings Change: Hold >> Reduce
    • Price Target: $80

Coverage Initiated

  • Agilon Health (AGL)
    • Brokerage Firm: Citigroup
    • Ratings Change: Neutral
    • Price Target: $6
  • Boundless Bio (BOLD)
    • Brokerage Firms: Leerink Partners, Guggenheim, Piper Sandler
    • Ratings Change: Outperform, Buy, Overweight
    • Price Targets: $25, $24, $20
  • BellRing Brands (BRBR)
    • Brokerage Firm: TD Cowen
    • Ratings Change: Buy
    • Price Target: $64
  • Cardiol Therapeutics (CRDL)
    • Brokerage Firm: H.C. Wainwright
    • Ratings Change: Buy
    • Price Target: $9
  • EastGroup (EGP)
    • Brokerage Firm: BMO Capital Markets
    • Ratings Change: Outperform
    • Price Target: $190
  • enGene Holdings (ENGN)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Overweight
    • Price Target: $30
  • Evolent Health (EVH)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy
    • Price Target: $40
  • GE Vernova (GEV)
    • Brokerage Firm: Melius
    • Ratings Change: Hold
    • Price Target: $147
  • Hut 8 Mining (HUT)
    • Brokerage Firm: The Benchmark Company
    • Ratings Change: Buy
    • Price Target: $12
  • Kirby (KEX)
    • Brokerage Firm: Wolfe Research
    • Ratings Change: Outperform
    • Price Target: $126
  • Kinetik (KNTK)
    • Brokerage Firm: Barclays
    • Ratings Change: Equal Weight
    • Price Target: $40
  • Madrigal Pharmaceuticals (MDGL)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Underperform
    • Price Target: $150
  • Privia Health (PRVA)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy
    • Price Target: $25
  • Palmer Square Capital BDC (PSBD)
    • Brokerage Firm: Janney
    • Ratings Change: Neutral
    • Price Target: $17.5
  • Ultragenyx Pharma (RARE)
    • Brokerage Firm: RBC Capital Mkts
    • Ratings Change: Outperform
    • Price Target: $77