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

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
