Analyst Upgrades and Downgrades For the Week of August 19th

Friday, August 23rd

Upgrades

• Bilibili (BILI): Barclays upgraded from Equal Weight to Overweight with a price target increase from $14 to $19.
• BJ’s Wholesale (BJ): Wells Fargo upgraded from Equal Weight to Overweight, raising the price target from $75 to $92.
• Gaming and Leisure Properties (GLPI): Wolfe Research upgraded from Peer Perform to Outperform with a price target of $57.
• Hawaiian Electric (HE): Wells Fargo upgraded from Underweight to Equal Weight with a price target of $14.
• Roku (ROKU): Guggenheim upgraded from Neutral to Buy with a price target of $75.
• Snowflake (SNOW): HSBC Securities upgraded from Reduce to Hold, raising the price target from $119 to $121.
• BBB Foods (TBBB): HSBC Securities upgraded from Reduce to Hold with no change in the price target of $31.
• Westlake Corporation (WLK): RBC Capital Markets upgraded from Sector Perform to Outperform, increasing the price target from $157 to $174.
• Warby Parker (WRBY): JMP Securities upgraded from Market Perform to Market Outperform, raising the price target to $20.
• Lyft (LYFT): Nomura upgraded from Reduce to Neutral.

Downgrades

• Bill.com (BILL): Goldman downgraded from Buy to Neutral with a price target reduction from $86 to $54.
• iQIYI (IQ): The Benchmark Company downgraded from Buy to Hold.
• KORE Group (KORE): TD Cowen downgraded from Buy to Hold with a price target of $2.
• Las Vegas Sands (LVS): UBS downgraded from Buy to Neutral, cutting the price target from $70 to $49.
• Topgolf Callaway Brands (MODG): Raymond James downgraded from Outperform to Underperform.
• Peloton (PTON): JP Morgan downgraded from Overweight to Neutral, reducing the price target from $7 to $5.
• Baidu (BIDU): Bernstein downgraded from Outperform to Market Perform, lowering the price target from $130 to $97.

Coverage Initiated

• Smurfit Westrock plc (SW): Redburn Atlantic initiated coverage with a Buy rating and a price target of $60.
• Varex Imaging (VREX): B. Riley Securities initiated coverage with a Buy rating and a price target of $21.

Coverage Resumed

• Autodesk (ADSK): Morgan Stanley resumed coverage with an Overweight rating and a price target of $305.
• Chewy (CHWY): Piper Sandler resumed coverage with an Overweight rating and a price target of $35.
• Crocs (CROX): Piper Sandler resumed coverage with an Overweight rating and a price target of $170.
• Deckers Outdoor (DECK): Piper Sandler resumed coverage with a Neutral rating and a price target of $1000.
• EQT Corp. (EQT): Citigroup resumed coverage with a Neutral rating and a price target of $37.
• Etsy (ETSY): Piper Sandler resumed coverage with a Neutral rating and a price target of $56.
• Foot Locker (FL): Piper Sandler resumed coverage with a Neutral rating and a price target of $30.
• lululemon athletica (LULU): Piper Sandler resumed coverage with a Neutral rating and a price target of $250.
• NIKE (NKE): Piper Sandler resumed coverage with a Neutral rating and a price target of $80.
• On (ONON): Piper Sandler resumed coverage with an Overweight rating and a price target of $52.
• Revolve Group (RVLV): Piper Sandler resumed coverage with an Overweight rating and a price target of $30.
• Steven Madden (SHOO): Piper Sandler resumed coverage with a Neutral rating and a price target of $45.
• Warby Parker (WRBY): Piper Sandler resumed coverage with an Overweight rating and a price target of $18.
• Wolverine (WWW): Piper Sandler resumed coverage with an Overweight rating and a price target of $18.
• LifeMD (LFMD): B. Riley Securities initiated coverage with a Buy rating and a price target of $11.

Tuesday, August 20th

Upgrades

1. Antero Resources (AR)
   • Brokerage Firm: Scotiabank
   • Ratings Change: Sector Perform to Sector Outperform
   • Price Target: $44
2. Braskem SA (BAK)
   • Brokerage Firm: Citigroup
   • Ratings Change: Neutral to Buy
3. BioMarin Pharmaceutical (BMRN)
   • Brokerage Firm: Bernstein
   • Ratings Change: Market Perform to Outperform
   • Price Target: $94 to $110
4. Banco Santander Chile (BSAC)
   • Brokerage Firm: Goldman Sachs
   • Ratings Change: Sell to Neutral
   • Price Target: $18 to $21
5. Range Resources (RRC)
   • Brokerage Firm: Scotiabank
   • Ratings Change: Sector Perform to Sector Outperform
   • Price Target: $45
6. FUJIFILM (FUJIY)
   • Brokerage Firm: Jefferies
   • Ratings Change: Hold to Buy
7. Vornado Realty Trust (VNO)
   • Brokerage Firm: Evercore ISI
   • Ratings Change: Underperform to Outperform
8. SFL Corporation (SFL)
   • Brokerage Firm: Pareto
   • Ratings Change: Hold to Buy

Downgrades

1. AbCellera Biologics (ABCL)
   • Brokerage Firm: The Benchmark Company
   • Ratings Change: Buy to Hold
2. Alight (ALIT)
   • Brokerage Firm: JP Morgan
   • Ratings Change: Overweight to Neutral
   • Price Target: $8
3. AvidXchange (AVDX)
   • Brokerage Firm: JP Morgan
   • Ratings Change: Overweight to Neutral
   • Price Target: $11 to $9
4. Bancolombia S.A. (CIB)
   • Brokerage Firm: Goldman Sachs
   • Ratings Change: Neutral to Sell
   • Price Target: $34 to $32
5. JPMorgan Chase (JPM)
   • Brokerage Firm: Daiwa Securities
   • Ratings Change: Buy to Outperform
   • Price Target: $240
6. Stride (LRN)
   • Brokerage Firm: Citigroup
   • Ratings Change: Buy to Neutral
   • Price Target: $77 to $90
7. Woodside Energy Group (WDS)
   • Brokerage Firm: Bernstein
   • Ratings Change: Outperform to Market Perform
8. Cousins Properties (CUZ)
   • Brokerage Firm: Evercore ISI
   • Ratings Change: Outperform to In-line
   • Price Target: $29
9. Vontier (VNT)
   • Brokerage Firm: Argus
   • Ratings Change: Buy to Hold
10. Globant (GLOB)
    • Brokerage Firm: UBS
    • Ratings Change: Buy to Neutral
11. Genmab (GMAB)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight to Neutral
12. Titan Machinery (TITN)
    • Brokerage Firm: Northland Capital
    • Ratings Change: Outperform to Market Perform
13. Agora (API)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Buy to Neutral
    • Price Target: $4 to $2.63

Coverage Initiated

1. Advanced Micro Devices (AMD)
   • Brokerage Firm: Edward Jones
   • Rating: Buy
2. Concentra Group Holdings Parent (CON)
   • Brokerage Firm: RBC Capital Markets
   • Rating: Outperform
   • Price Target: $33
3. MediaAlpha (MAX)
   • Brokerage Firm: Goldman Sachs
   • Rating: Buy
   • Price Target: $20
4. Sonic Automotive (SAH)
   • Brokerage Firm: Needham
   • Rating: Buy
   • Price Target: $73
5. Vista Energy (VIST)
   • Brokerage Firm: JP Morgan
   • Rating: Overweight
   • Price Target: $68
6. Lineage Cell Therapeutics (LCTX)
   • Brokerage Firm: Craig Hallum
   • Rating: Buy
   • Price Target: $4
7. ARS Pharmaceuticals (SPRY)
   • Brokerage Firm: Cantor Fitzgerald
   • Rating: Overweight

Monday, August 19th

Upgrades (Monday, August 19, 2024)

• Banco Bradesco (BBD): Goldman
  • Rating Change: Neutral to Buy
  • Price Target: $2.50 to $3.20
• Burlington Stores (BURL): Gordon Haskett
  • Rating Change: Hold to Buy
  • Price Target: $300
• Gates Industrial (GTES): RBC Capital Markets
  • Rating Change: Sector Perform to Outperform
  • Price Target: $20 to $22
• Taylor Morrison Home (TMHC): BTIG Research
  • Rating Change: Neutral to Buy
  • Price Target: $78
• CareDx (CDNA): BTIG Research
  • Rating Change: Neutral to Buy
  • Price Target: $40
• Newmont Corporation (NEM): Scotiabank
  • Rating Change: Sector Perform to Sector Outperform
  • Price Target: $48 to $59
• Mercury (MRCY): Alembic Global Advisors
  • Rating Change: Neutral to Overweight
• Onto Innovation (ONTO): Needham
  • Rating Change: Hold to Buy
• ArcelorMittal (MT): Barclays
  • Rating Change: Equal Weight to Overweight
• Liquidia Technologies (LQDA): Raymond James
  • Rating Change: Outperform to Strong Buy

Downgrades (Monday, August 19, 2024)

• Dutch Bros (BROS): Piper Sandler
  • Rating Change: Overweight to Neutral
  • Price Target: $41 to $36
• HP Inc. (HPQ): Morgan Stanley
  • Rating Change: Overweight to Equal-Weight
  • Price Target: $37 (unchanged)
• Terran Orbital (LLAP): H.C. Wainwright
  • Rating Change: Buy to Neutral
  • Price Target: $3 to $0.25
• Shake Shack (SHAK): Piper Sandler
  • Rating Change: Overweight to Neutral
  • Price Target: $121 to $114
• Sol-Gel (SLGL): Raymond James
  • Rating Change: Strong Buy to Outperform
  • Price Target: $6 to $4
• AngloGold Ashanti (AU): Scotiabank
  • Rating Change: Sector Perform to Sector Underperform
  • Price Target: $27 to $30
• Codexis (CDXS): The Benchmark Company
  • Rating Change: Buy to Hold
• Chuy’s (CHUY): The Benchmark Company
  • Rating Change: Buy to Hold
  • Price Target: $37.50
• Gogoro (GGR): The Benchmark Company
  • Rating Change: Buy to Hold
• Hamilton Insurance Group, Ltd. (HG): Morgan Stanley
  • Rating Change: Overweight to Equal-Weight
  • Price Target: $19
• Ulta Beauty (ULTA): Cleveland Research
  • Rating Change: Buy to Neutral
• Sweetgreen (SG): Piper Sandler
  • Rating Change: Overweight to Neutral
  • Price Target: $33 to $39
• Kimco Realty (KIM): Mizuho
  • Rating Change: Outperform to Neutral
• Deere (DE): HSBC Securities
  • Rating Change: Buy to Hold
• Himalaya Shipping Ltd. (HSHP): DNB Markets
  • Rating Change: Hold to Sell
• fuboTV (FUBO): Seaport Research Partners
  • Rating Change: Buy to Neutral

Coverage Initiated (Monday, August 19, 2024)

• Aligos Therapeutics (ALGS): H.C. Wainwright
  • Rating: Buy
  • Price Target: $75
• Foghorn Therapeutics (FHTX): Evercore ISI
  • Rating: Outperform
  • Price Target: $20
• Predictive Oncology (POAI): H.C. Wainwright
  • Rating: Buy
  • Price Target: $3
• Pure Storage (PSTG): Piper Sandler
  • Rating: Neutral
  • Price Target: $60
• Rubrik (RBRK): Piper Sandler
  • Rating: Overweight
  • Price Target: $42
• Skyward Specialty Insurance Group (SKWD): William Blair
  • Rating: Outperform
• OneStream (OS):
  • H.C. Wainwright: Outperform, Price Target: $32
  • Truist: Buy, Price Target: $35
  • Scotiabank: Sector Outperform, Price Target: $34
  • Wolfe Research: Outperform, Price Target: $32
  • Morgan Stanley: Equal-Weight, Price Target: $29
  • BTIG Research: Buy, Price Target: $37
  • Citigroup: Neutral, Price Target: $34
  • JP Morgan: Overweight, Price Target: $30
  • Needham: Buy, Price Target: $33
  • BofA Securities: Buy, Price Target: $35
  • TD Cowen: Buy, Price Target: $34
  • Loop Capital: Buy, Price Target: $35
  • Guggenheim: Buy
• Lineage (LINE):
  • UBS: Neutral, Price Target: $88
  • Scotiabank: Sector Outperform, Price Target: $95
  • Evercore ISI: In-line, Price Target: $88
  • Truist: Buy, Price Target: $94
  • Wells Fargo: Equal Weight, Price Target: $86
  • Morgan Stanley: Overweight, Price Target: $100
  • Robert W. Baird: Outperform, Price Target: $91
  • Mizuho: Neutral, Price Target: $86
  • JP Morgan: Overweight, Price Target: $93
  • Goldman: Buy, Price Target: $105
• Concentra Group Holdings Parent (CON):
  • Truist: Buy, Price Target: $29
  • Wells Fargo: Overweight, Price Target: $27
  • Mizuho: Outperform, Price Target: $28
  • Goldman: Buy, Price Target: $32
  • JP Morgan: Overweight, Price Target: $29
  • Deutsche Bank: Buy, Price Target: $29
  • BofA Securities: Buy
• Apple (AAPL): MoffettNathanson
  • Rating: Neutral
  • Price Target: $211
• Athira Pharma (ATHA): Rodman & Renshaw
  • Rating: Buy
  • Price Target: $22
• HEICO (HEI): Barclays
  • Rating: Equal Weight
  • Price Target: $250
• Lineage (LINE): Deutsche Bank
  • Rating: Hold
  • Price Target: $90
• Lineage (LINE): Piper Sandler
  • Rating: Overweight
  • Price Target: $102
• NETSTREIT (NTST): Wedbush
  • Rating: Neutral
• Broadstone Net Lease (BNL): Wedbush
  • Rating: Outperform
• Essential Properties Realty Trust (EPRT): Wedbush
  • Rating: Outperform
• Realty Income (O): Wedbush
  • Rating: Neutral
• Clearwater Analytics (CWAN): Citigroup
  • Rating: Buy
  • Price Target: $28