← Back to News

Various

Analyst Upgrades and Downgrades For the Week of July 15th

Analyst upgrades, downgrades, and more

By Justin Nugent · July 16, 2024
Analyst Upgrades and Downgrades For the Week of July 15th

JULY 19TH:

Upgrades (Friday, July 19, 2024)

  • Accenture (ACN)
    • Brokerage Firm: UBS
    • Ratings Change: Neutral >> Buy
    • Price Target: $400
  • AnaptysBio (ANAB)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral >> Overweight
    • Price Target: $29 >> $69
  • Arm Holdings plc (ARM)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight >> Overweight
    • Price Target: $107 >> $190
  • Infosys (INFY)
    • Brokerage Firm: Macquarie
    • Ratings Change: Underperform >> Neutral
  • Owens & Minor (OMI)
    • Brokerage Firm: Citigroup
    • Ratings Change: Neutral >> Buy
    • Price Target: $24 >> $19
  • Ultrapar Participacoes (UGP)
    • Brokerage Firm: HSBC Securities
    • Ratings Change: Reduce >> Hold
  • Wolverine (WWW)
    • Brokerage Firm: UBS
    • Ratings Change: Neutral >> Buy
    • Price Target: $13 >> $20
  • Kinder Morgan (KMI)
    • Brokerage Firm: Argus
    • Ratings Change: Hold >> Buy
    • Price Target: $24

Downgrades (Friday, July 19, 2024)

  • Agenus (AGEN)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform >> Neutral
    • Price Target: $35 >> $8
  • Banner (BANR)
    • Brokerage Firm: Janney
    • Ratings Change: Buy >> Neutral
  • Choice Hotels (CHH)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral >> Underweight
    • Price Target: $120
  • Cintas (CTAS)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform >> Neutral
    • Price Target: $750 >> $775
  • Eni S.p.A. (E)
    • Brokerage Firm: Stifel
    • Ratings Change: Buy >> Hold
  • Edison (EIX)
    • Brokerage Firm: UBS
    • Ratings Change: Buy >> Neutral
    • Price Target: $83 >> $82
  • Host Hotels (HST)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral >> Underweight
    • Price Target: $20 >> $18
  • PepsiCo (PEP)
    • Brokerage Firm: DZ Bank
    • Ratings Change: Buy >> Hold
    • Price Target: $183
  • Pentair (PNR)
    • Brokerage Firm: Northcoast
    • Ratings Change: Buy >> Neutral
  • Sealed Air (SEE)
    • Brokerage Firm: RBC Capital Mkts
    • Ratings Change: Outperform >> Sector Perform
    • Price Target: $43 >> $40
  • Triumph Financial (TFIN)
    • Brokerage Firm: Keefe Bruyette
    • Ratings Change: Mkt Perform >> Underperform
    • Price Target: $75 >> $70
  • WNS (WNS)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight >> Neutral
    • Price Target: $60
  • Wintrust Fin (WTFC)
    • Brokerage Firm: Keefe Bruyette
    • Ratings Change: Outperform >> Mkt Perform
    • Price Target: $110 >> $115
  • Novartis AG (NVS)
    • Brokerage Firm: Deutsche Bank
    • Ratings Change: Buy >> Hold
  • Autohome (ATHM)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral
    • Price Target: $31 >> $28
  • SunPower (SPWR)
    • Brokerage Firm: Mizuho
    • Ratings Change: Neutral >> Underperform

Coverage Initiated (Friday, July 19, 2024)

  • Columbia Sportswear (COLM)
    • Brokerage Firm: Wedbush
    • Ratings Change: Neutral
    • Price Target: $80
  • Greif (GEF)
    • Brokerage Firm: Raymond James
    • Ratings Change: Mkt Perform
  • CGI Group (GIB)
    • Brokerage Firm: UBS
    • Ratings Change: Neutral
    • Price Target: $112
  • Canada Goose (GOOS)
    • Brokerage Firm: Wedbush
    • Ratings Change: Outperform
  • Lilium N.V. (LILM)
    • Brokerage Firm: Cantor Fitzgerald
    • Ratings Change: Overweight
    • Price Target: $2
  • Sonoco Products (SON)
    • Brokerage Firm: Raymond James
    • Ratings Change: Outperform
    • Price Target: $62
  • Teradata (TDC)
    • Brokerage Firm: UBS
    • Ratings Change: Sell
    • Price Target: $32
  • Trupanion (TRUP)
    • Brokerage Firm: William Blair
    • Ratings Change: Outperform
  • HIVE Digital Technologies (HIVE)
    • Brokerage Firm: B. Riley Securities
    • Ratings Change: Buy
    • Price Target: $6
  • Smurfit Westrock plc (SW)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight
    • Price Target: $60
  • Life Time (LTH)
    • Brokerage Firm: Craig Hallum
    • Ratings Change: Buy
    • Price Target: $30
  • Constellation Energy (CEG)
    • Brokerage Firm: Argus
    • Ratings Change: Buy
    • Price Target: $240

JULY 17TH:

Upgrades (Wednesday, July 17, 2024)

  • Adidas AG (ADDYY)
    • Brokerage Firm: Telsey Advisory Group
    • Ratings Change: Market Perform >> Outperform
  • Core Scientific (CORZ)
    • Brokerage Firm: B. Riley Securities
    • Ratings Change: Neutral >> Buy
    • Price Target: $13
  • Fluor (FLR)
    • Brokerage Firm: KeyBanc Capital Markets
    • Ratings Change: Sector Weight >> Overweight
    • Price Target: $57
  • Genpact (G)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Underweight >> Neutral
    • Price Target: $43 >> $40
  • Progressive (PGR)
    • Brokerage Firm: Keefe Bruyette
    • Ratings Change: Mkt Perform >> Outperform
    • Price Target: $210 >> $245
  • UnitedHealth (UNH)
    • Brokerage Firm: Jefferies
    • Ratings Change: Hold >> Buy
    • Price Target: $481 >> $647
  • Valero Energy (VLO)
    • Brokerage Firm: Mizuho
    • Ratings Change: Neutral >> Outperform
    • Price Target: $165 >> $175
  • TC Energy (TRP)
    • Brokerage Firm: Barclays
    • Ratings Change: Equal Weight >> Overweight
  • Aehr Test Systems (AEHR)
    • Brokerage Firm: Craig Hallum
    • Ratings Change: Hold >> Buy
    • Price Target: $12 >> $25
  • MaxLinear (MXL)
    • Brokerage Firm: Craig Hallum
    • Ratings Change: Hold >> Buy
    • Price Target: $20 >> $38

Downgrades (Wednesday, July 17, 2024)

  • American Airlines (AAL)
    • Brokerage Firm: TD Cowen
    • Ratings Change: Buy >> Hold
    • Price Target: $16 >> $10
  • Assoc Banc-Corp (ASB)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform >> Neutral
    • Price Target: $27
  • CenterPoint (CNP)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight >> Equal-Weight
    • Price Target: $30 >> $29
  • Chevron (CVX)
    • Brokerage Firm: Bernstein
    • Ratings Change: Outperform >> Mkt Perform
    • Price Target: $183 >> $167
  • FB Financial (FBK)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Overweight >> Neutral
    • Price Target: $41 >> $46
  • Five Below (FIVE)
    • Brokerage Firms:
      • Mizuho: Outperform >> Neutral, Price Target: $150 >> $85
      • Evercore ISI: Outperform >> In-line, Price Target: $160 >> $113
      • Barclays: Overweight >> Equal Weight, Price Target: $176 >> $90
      • Truist: Buy >> Hold, Price Target: $136 >> $89
      • Morgan Stanley: Overweight >> Equal-Weight, Price Target: $160 >> $100
      • Citigroup: Buy >> Neutral, Price Target: $175 >> $92
      • William Blair: Outperform >> Mkt Perform
  • Morgan Stanley (MS)
    • Brokerage Firm: Oppenheimer
    • Ratings Change: Outperform >> Perform
  • Spirit Airlines (SAVE)
    • Brokerage Firm: TD Cowen
    • Ratings Change: Hold >> Sell
    • Price Target: $3 >> $2
  • Qualcomm (QCOM)
    • Brokerage Firm: HSBC Securities
    • Ratings Change: Buy >> Hold
    • Price Target: $200
  • Charles Schwab (SCHW)
    • Brokerage Firm: TD Cowen
    • Ratings Change: Buy >> Hold
    • Price Target: $88 >> $71
  • SolarEdge Technologies (SEDG)
    • Brokerage Firm: DZ Bank
    • Ratings Change: Hold >> Sell
    • Price Target: $24
  • Truist (TFC)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform >> Neutral
    • Price Target: $45
  • TFI International (TFII)
    • Brokerage Firm: Desjardins
    • Ratings Change: Buy >> Hold
  • TELUS International (TIXT)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral >> Underweight
    • Price Target: $7
  • Vale S.A. (VALE)
    • Brokerage Firm: Wolfe Research
    • Ratings Change: Outperform >> Peer Perform
  • Essential Properties Realty Trust (EPRT)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: Outperform >> In-line
    • Price Target: $30 >> $32
  • Ardagh Metal Packaging S.A. (AMBP)
    • Brokerage Firm: UBS
    • Ratings Change: Buy >> Neutral
  • 1-800-FLOWERS (FLWS)
    • Brokerage Firm: DA Davidson
    • Ratings Change: Neutral >> Underperform
    • Price Target: $8
  • Albemarle (ALB)
    • Brokerage Firm: HSBC Securities
    • Ratings Change: Buy >> Hold
    • Price Target: $95
  • First Horizon (FHN)
    • Brokerage Firm: Keefe Bruyette
    • Ratings Change: Outperform >> Mkt Perform
    • Price Target: $18

Coverage Initiated (Wednesday, July 17, 2024)

  • Axon (AXON)
    • Brokerage Firms:
      • Jefferies: Buy, Price Target: $385
      • BofA Securities: Buy, Price Target: $380
  • Core Scientific (CORZ)
    • Brokerage Firm: Cantor Fitzgerald
    • Ratings Change: Overweight
    • Price Target: $20
  • CVR Energy (CVI)
    • Brokerage Firm: Mizuho
    • Ratings Change: Neutral
    • Price Target: $27
  • Fidelis Insurance Holdings Limited (FIHL)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: In-line
    • Price Target: $19
  • Par Pacific (PARR)
    • Brokerage Firm: Mizuho
    • Ratings Change: Outperform
    • Price Target: $33
  • Rezolute (RZLT)
    • Brokerage Firm: BTIG Research
    • Ratings Change: Buy
    • Price Target: $13
  • Sweetgreen (SG)
    • Brokerage Firm: UBS
    • Ratings Change: Buy
    • Price Target: $31
  • Sable Offshore Corp. (SOC)
    • Brokerage Firm: The Benchmark Company
    • Ratings Change: Buy
    • Price Target: $24
  • Tango Therapeutics (TNGX)
    • Brokerage Firm: Jefferies
    • Ratings Change: Buy
    • Price Target: $19
  • Rumble (RUM)
    • Brokerage Firm: Wedbush
    • Ratings Change: Neutral
    • Price Target: $8
  • Proficient Auto Logistics (PAL)
    • Brokerage Firm: Barrington Research
    • Ratings Change: Outperform
    • Price Target: $22

JULY 16TH:

Upgrades (Tuesday, July 16, 2024)

  • Chegg (CHGG) upgraded by Morgan Stanley from Underweight to Equal-Weight, price target lowered from $6.5 to $3.25
  • Cooper (COO) upgraded by Jefferies from Hold to Buy, price target raised from $107 to $115
  • EPAM Systems (EPAM) upgraded by Jefferies from Hold to Buy, price target raised from $202 to $237
  • Profound Medical (PROF) upgraded by Stifel from Hold to Buy, price target raised from $9 to $12
  • Sweetgreen (SG) upgraded by Morgan Stanley from Underweight to Equal-Weight, price target at $25
  • Shopify (SHOP) upgraded by BofA Securities from Neutral to Buy, price target raised from $78 to $82
  • Datadog (DDOG) upgraded by Mizuho from Neutral to Outperform, price target raised from $135 to $155
  • RPM Inc (RPM) upgraded by Vertical Research from Hold to Buy, price target at $126

Downgrades (Tuesday, July 16, 2024)

  • Dollar Tree (DLTR) downgraded by Piper Sandler from Overweight to Neutral, price target lowered from $143 to $112
  • GrafTech International (EAF) downgraded by JP Morgan from Neutral to Underweight
  • Palantir Technologies (PLTR) downgraded by Mizuho from Neutral to Underperform, price target raised from $21 to $22
  • Reddit (RDDT) downgraded by Loop Capital from Buy to Hold, price target at $75
  • Starbucks (SBUX) downgraded by Evercore ISI from Outperform to In-line, price target lowered from $92 to $80
  • Yum! Brands (YUM) downgraded by Evercore ISI from Outperform to In-line, price target lowered from $160 to $145
  • Zscaler (ZS) downgraded by Mizuho from Outperform to Neutral, price target at $220
  • General Mills (GIS) downgraded by Argus from Buy to Hold
  • Valaris (VAL) downgraded by Pickering Energy Partners from Outperform to Neutral

Coverage Initiated (Tuesday, July 16, 2024)

  • Amazon (AMZN) initiated by Wolfe Research with an Outperform rating, price target at $250
  • American Express (AXP) initiated by Compass Point with a Neutral rating, price target at $260
  • Bread Financial (BFH) initiated by Compass Point with a Buy rating, price target at $54
  • Bumble Inc. (BMBL) initiated by Wolfe Research with an Outperform rating, price target at $14
  • Instacart (CART) initiated by Wolfe Research with a Peer Perform rating
  • Chewy (CHWY) initiated by Wolfe Research with a Peer Perform rating
  • DoorDash (DASH) initiated by Wolfe Research with an Outperform rating, price target at $130
  • Duolingo (DUOL) initiated by Wolfe Research with a Peer Perform rating
  • eBay (EBAY) initiated by Wolfe Research with a Peer Perform rating
  • Etsy (ETSY) initiated by Wolfe Research with a Peer Perform rating
  • Alphabet A (GOOGL) initiated by Wolfe Research with an Outperform rating, price target at $240
  • GeoVax Labs (GOVX) initiated by ROTH MKM with a Buy rating, price target at $20
  • Integer Holdings (ITGR) initiated by Oppenheimer with an Outperform rating, price target at $135
  • Kingstone (KINS) initiated by Janney with a Buy rating, price target at $6.5
  • Lamar Advertising (LAMR) initiated by TD Cowen with a Buy rating, price target at $135
  • Lyft (LYFT) initiated by Wolfe Research with a Peer Perform rating
  • Meta Platforms (META) initiated by Wolfe Research with an Outperform rating, price target at $620
  • Magnite (MGNI) initiated by Wolfe Research with an Outperform rating, price target at $16
  • Match Group (MTCH) initiated by Wolfe Research with an Outperform rating, price target at $36
  • Cloudflare (NET) initiated by Wolfe Research with a Peer Perform rating
  • Option Care Health (OPCH) initiated by JMP Securities with a Market Outperform rating, price target at $36
  • OUTFRONT Media (OUT) initiated by TD Cowen with a Hold rating, price target at $16
  • Progyny (PGNY) initiated by JMP Securities with a Market Outperform rating, price target at $36
  • Pinterest (PINS) initiated by Wolfe Research with a Peer Perform rating
  • Peloton (PTON) initiated by Wolfe Research with a Peer Perform rating
  • PubMatic (PUBM) initiated by Wolfe Research with an Outperform rating, price target at $25
  • Roblox (RBLX) initiated by Wolfe Research with a Peer Perform rating
  • Shopify (SHOP) initiated by Wolfe Research with an Outperform rating, price target at $80
  • Simulations Plus (SLP) initiated by JMP Securities with a Market Perform rating
  • Snap (SNAP) initiated by Wolfe Research with a Peer Perform rating
  • Synchrony Financial (SYF) initiated by Compass Point with a Buy rating, price target at $56
  • The Trade Desk (TTD) initiated by Wolfe Research with an Outperform rating, price target at $115
  • Uber (UBER) initiated by Wolfe Research with an Outperform rating, price target at $90
  • Yelp (YELP) initiated by Wolfe Research with a Peer Perform rating
  • Spyre Therapeutics (SYRE) initiated by Evercore ISI with an Outperform rating

JULY 15TH:

Upgrades (Monday, July 15, 2024)

  • Apple (AAPL)
    • Brokerage Firm: Loop Capital
    • Ratings Change: Hold >> Buy
    • Price Target: $170 >> $300
  • Carrier Global (CARR)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Neutral >> Outperform
    • Price Target: $64 >> $75
  • Genmab (GMAB)
    • Brokerage Firm: RBC Capital Mkts
    • Ratings Change: Sector Perform >> Outperform
  • Solid Biosciences (SLDB)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral >> Overweight
    • Price Target: $10 >> $15
  • TD Synnex (SNX)
    • Brokerage Firm: RBC Capital Mkts
    • Ratings Change: Sector Perform >> Outperform
    • Price Target: $135 >> $140
  • UDR (UDR)
    • Brokerage Firm: BMO Capital Markets
    • Ratings Change: Market Perform >> Outperform
    • Price Target: $39 >> $45
  • Alcon (ALC)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Underweight >> Equal-Weight
    • Price Target: $65 >> $85

Downgrades (Monday, July 15, 2024)

  • Advanced Energy (AEIS)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral
    • Price Target: $113
  • Armada Hoffler Properties (AHH)
    • Brokerage Firm: Jefferies
    • Ratings Change: Buy >> Hold
    • Price Target: $13 >> $11
  • Altair Engineering (ALTR)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight >> Neutral
    • Price Target: $95
  • Baxter (BAX)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight >> Underweight
    • Price Target: $39 >> $30
  • BNY Mellon (BK)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral
    • Price Target: $65
  • BP (BP)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight >> Equal-Weight
    • Price Target: $49.9 >> $41.5
  • Cohu (COHU)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral
    • Price Target: $36
  • Cintas (CTAS)
    • Brokerage Firm: RBC Capital Mkts
    • Ratings Change: Outperform >> Sector Perform
    • Price Target: $725
  • Caesars Entertainment (CZR)
    • Brokerage Firm: Susquehanna
    • Ratings Change: Neutral >> Negative
    • Price Target: $33
  • Deutsche Lufthansa AG (DLAKY)
    • Brokerage Firm: Stifel
    • Ratings Change: Hold >> Sell
  • Electronic Arts (EA)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral
    • Price Target: $148 >> $161
  • Rocket Lab USA (RKLB)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight >> Equal-Weight
    • Price Target: $8 >> $6
  • SBA Comm (SBAC)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Overweight >> Equal Weight
    • Price Target: $230 >> $220
  • STAAR Surgical (STAA)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight >> Underweight
    • Price Target: $50 >> $37
  • Travelers (TRV)
    • Brokerage Firm: TD Cowen
    • Ratings Change: Buy >> Hold
    • Price Target: $252 >> $230
  • Veeco Instruments (VECO)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral
    • Price Target: $45 >> $50
  • PennantPark Investment (PNNT)
    • Brokerage Firm: Compass Point
    • Ratings Change: Neutral >> Sell
    • Price Target: $6.5
  • ON Semiconductor (ON)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy >> Neutral
    • Price Target: $85 >> $77

Coverage Initiated (Monday, July 15, 2024)

  • Moller Maersk (AMKBY)
    • Brokerage Firm: Wolfe Research
    • Ratings Change: Peer Perform
  • MP Materials (MP)
    • Brokerage Firm: BMO Capital Markets
    • Ratings Change: Market Perform
    • Price Target: $16.5
  • Rubrik (RBRK)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform
    • Price Target: $42
  • SentinelOne (S)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform
    • Price Target: $25
  • Tenable (TENB)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform
    • Price Target: $55
  • Zeta Global (ZETA)
    • Brokerage Firm: Truist
    • Ratings Change: Buy
    • Price Target: $23
  • Datadog (DDOG)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: Outperform
    • Price Target: $150
  • Innodata (INOD)
    • Brokerage Firm: Maxim Group
    • Ratings Change: Buy
    • Price Target: $30