July 26th Upgrades and Downgrades

Upgrades (Friday, July 26, 2024)

• Alexander & Baldwin (ALEX)
  • Brokerage Firm: Piper Sandler
  • Ratings Change: Neutral >> Overweight
  • Price Target: $17 >> $22
• CBRE Group (CBRE)
  • Brokerage Firm: Evercore ISI
  • Ratings Change: In-line >> Outperform
  • Price Target: $100 >> $123
• Duolingo (DUOL)
  • Brokerage Firm: BofA Securities
  • Ratings Change: Neutral >> Buy
  • Price Target: $245
• Lockheed Martin (LMT)
  • Brokerage Firm: Deutsche Bank
  • Ratings Change: Hold >> Buy
  • Price Target: $540 >> $600
• Mohawk (MHK)
  • Brokerage Firm: BofA Securities
  • Ratings Change: Underperform >> Buy
  • Price Target: $120 >> $177
• Anglo American (NGLOY)
  • Brokerage Firm: UBS
  • Ratings Change: Neutral >> Buy
• Universal Health (UHS)
  • Brokerage Firm: Barclays
  • Ratings Change: Equal Weight >> Overweight
  • Price Target: $256
• FTAI Aviation Ltd. (FTAI)
  • Brokerage Firm: Stifel
  • Ratings Change: Hold >> Buy
  • Price Target: $69 >> $132
• Universal Health (UHS)
  • Brokerage Firm: Cantor Fitzgerald
  • Ratings Change: Underweight >> Neutral
  • Price Target: $162 >> $219
• Invitation Homes (INVH)
  • Brokerage Firm: Evercore ISI
  • Ratings Change: In-line >> Outperform
  • Price Target: $37

Downgrades (Friday, July 26, 2024)

• Amerant Bancorp (AMTB)
  • Brokerage Firm: Janney
  • Ratings Change: Buy >> Neutral
  • Price Target: $25
• BJ Restaurants (BJRI)
  • Brokerage Firm: The Benchmark Company
  • Ratings Change: Buy >> Hold
• Dexcom (DXCM)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Overweight >> Neutral
  • Price Target: $145 >> $75
• Dexcom (DXCM)
  • Brokerage Firm: Robert W. Baird
  • Ratings Change: Outperform >> Neutral
  • Price Target: $161 >> $80
• First Financial Northwest (FFNW)
  • Brokerage Firm: Piper Sandler
  • Ratings Change: Overweight >> Neutral
  • Price Target: $23.5
• Huntington Banc (HBAN)
  • Brokerage Firm: Robert W. Baird
  • Ratings Change: Outperform >> Neutral
  • Price Target: $15
• Laureate Education (LAUR)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Overweight >> Equal-Weight
  • Price Target: $17
• L3Harris (LHX)
  • Brokerage Firm: Deutsche Bank
  • Ratings Change: Buy >> Hold
  • Price Target: $245 >> $257
• Lamb Weston (LW)
  • Brokerage Firm: Consumer Edge Research
  • Ratings Change: Overweight >> Equal Weight
• Lloyds Banking (LYG)
  • Brokerage Firm: RBC Capital Mkts
  • Ratings Change: Outperform >> Sector Perform
• Nestle (NSRGY)
  • Brokerage Firm: UBS
  • Ratings Change: Buy >> Neutral
• Nestle (NSRGY)
  • Brokerage Firm: Deutsche Bank
  • Ratings Change: Buy >> Hold
• Nestle (NSRGY)
  • Brokerage Firm: Berenberg
  • Ratings Change: Buy >> Hold
• RPM Inc (RPM)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Overweight >> Neutral
  • Price Target: $120
• Reliance, Inc. (RS)
  • Brokerage Firm: Wolfe Research
  • Ratings Change: Peer Perform >> Underperform
  • Price Target: $262
• STMicroelectronics (STM)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Overweight >> Equal-Weight
• WW (WW)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Overweight >> Equal-Weight
  • Price Target: $6.5 >> $1.25
• Teradyne (TER)
  • Brokerage Firm: Craig Hallum
  • Ratings Change: Buy >> Hold
  • Price Target: $124
• GlycoMimetics (GLYC)
  • Brokerage Firm: TD Cowen
  • Ratings Change: Buy >> Hold
• TriCo Bancshares (TCBK)
  • Brokerage Firm: Janney
  • Ratings Change: Buy >> Neutral
• Colgate-Palmolive (CL)
  • Brokerage Firm: HSBC Securities
  • Ratings Change: Buy >> Hold

Coverage Initiated (Friday, July 26, 2024)

• Acumen Pharmaceuticals (ABOS)
  • Brokerage Firm: Citigroup
  • Ratings Change: Buy
  • Price Target: $7
• CervoMed (CRVO)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Overweight
  • Price Target: $35
• DoorDash (DASH)
  • Brokerage Firm: Redburn Atlantic
  • Ratings Change: Buy
  • Price Target: $170
• Dianthus Therapeutics (DNTH)
  • Brokerage Firm: Robert W. Baird
  • Ratings Change: Outperform
  • Price Target: $58
• AG Mortgage Investment Trust (MITT)
  • Brokerage Firm: Piper Sandler
  • Ratings Change: Overweight
  • Price Target: $9
• Biodesix (BDSX)
  • Brokerage Firm: Craig Hallum
  • Ratings Change: Buy
  • Price Target: $3
• Assertio Therapeutics (ASRT)
  • Brokerage Firm: Maxim Group
  • Ratings Change: Buy
  • Price Target: $3
• Dave, Inc. (DAVE)
  • Brokerage Firm: Lake Street
  • Ratings Change: Buy
  • Price Target: $53

July 24th Upgrades and Downgrades

Upgrades – Wednesday, July 24, 2024

• Akamai Tech (AKAM)
  • Brokerage Firm: HSBC Securities
  • Ratings Change: Reduce>>Hold
  • Price Target: $96
• A.O. Smith (AOS)
  • Brokerage Firm: Stifel
  • Ratings Change: Hold>>Buy
  • Price Target: $97>>$98
• Estee Lauder (EL)
  • Brokerage Firm: RBC Capital Mkts
  • Ratings Change: Sector Perform>>Outperform
  • Price Target: $131
• Lockheed Martin (LMT)
  • Brokerage Firm: TD Cowen
  • Ratings Change: Hold>>Buy
  • Price Target: $480>>$560
• Madison Square Garden Entertainment (MSGE)
  • Brokerage Firm: Goldman
  • Ratings Change: Neutral>>Buy
  • Price Target: $41>>$45
• Spotify (SPOT)
  • Brokerage Firm: DZ Bank
  • Ratings Change: Hold>>Buy
  • Price Target: $375
• Spotify (SPOT)
  • Brokerage Firm: Goldman
  • Ratings Change: Neutral>>Buy
  • Price Target: $320>>$425
• Invitation Homes (INVH)
  • Brokerage Firm: Deutsche Bank
  • Ratings Change: Hold>>Buy
  • Price Target: $35>>$41
• Ionis Pharma (IONS)
  • Brokerage Firm: Leerink Partners
  • Ratings Change: Market Perform>>Outperform
  • Price Target: $53>>$62
• Malibu Boats (MBUU)
  • Brokerage Firm: DA Davidson
  • Ratings Change: Neutral>>Buy
  • Price Target: $45

Downgrades – Wednesday, July 24, 2024

• Alexandria RE (ARE)
  • Brokerage Firm: Wedbush
  • Ratings Change: Outperform>>Neutral
  • Price Target: $140>>$130
• Boot Barn Holdings (BOOT)
  • Brokerage Firm: UBS
  • Ratings Change: Buy>>Neutral
  • Price Target: $140>>$125
• Cadence Bank (CADE)
  • Brokerage Firm: Piper Sandler
  • Ratings Change: Overweight>>Neutral
  • Price Target: $33>>$34
• Colgate-Palmolive (CL)
  • Brokerage Firm: Jefferies
  • Ratings Change: Buy>>Hold
  • Price Target: $103>>$95
• Centene (CNC)
  • Brokerage Firm: Jefferies
  • Ratings Change: Buy>>Hold
  • Price Target: $83>>$69
• IQVIA (IQV)
  • Brokerage Firm: Jefferies
  • Ratings Change: Buy>>Hold
  • Price Target: $266>>$242
• Moody’s (MCO)
  • Brokerage Firm: BMO Capital Markets
  • Ratings Change: Outperform>>Market Perform
  • Price Target: $482>>$455
• NBT Bancorp (NBTB)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform>>Mkt Perform
• Procter & Gamble (PG)
  • Brokerage Firm: Jefferies
  • Ratings Change: Buy>>Hold
  • Price Target: $182>>$175
• Q2 Holdings (QTWO)
  • Brokerage Firm: DA Davidson
  • Ratings Change: Buy>>Neutral
  • Price Target: $65>>$76
• Red Rock Resorts (RRR)
  • Brokerage Firm: Wells Fargo
  • Ratings Change: Overweight>>Equal Weight
  • Price Target: $63>>$64
• SmartFinancial (SMBK)
  • Brokerage Firm: Piper Sandler
  • Ratings Change: Overweight>>Neutral
  • Price Target: $26>>$28
• TE Connectivity (TEL)
  • Brokerage Firm: HSBC Securities
  • Ratings Change: Buy>>Hold
  • Price Target: $162
• Truist (TFC)
  • Brokerage Firm: Citigroup
  • Ratings Change: Buy>>Neutral
  • Price Target: $45>>$47
• Ulta Beauty (ULTA)
  • Brokerage Firm: Piper Sandler
  • Ratings Change: Overweight>>Neutral
  • Price Target: $494>>$404
• General Motors (GM)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Overweight>>Equal-Weight
  • Price Target: $46>>$47
• Autohome (ATHM)
  • Brokerage Firm: The Benchmark Company
  • Ratings Change: Buy>>Hold
• Tesla (TSLA)
  • Brokerage Firm: Cantor Fitzgerald
  • Ratings Change: Overweight>>Neutral
  • Price Target: $230>>$245
• Tesla (TSLA)
  • Brokerage Firm: New Street
  • Ratings Change: Buy>>Neutral
  • Price Target: $225
• Five Below (FIVE)
  • Brokerage Firm: Gordon Haskett
  • Ratings Change: Accumulate>>Hold
• Polaris Industries (PII)
  • Brokerage Firm: Longbow
  • Ratings Change: Buy>>Neutral
• Western New England Bancorp (WNEB)
  • Brokerage Firm: Seaport Research Partners
  • Ratings Change: Buy>>Neutral
• BWX Technologies (BWXT)
  • Brokerage Firm: Barclays
  • Ratings Change: Equal Weight>>Underweight
  • Price Target: $75>>$90
• Community Financial System (CBU)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform>>Mkt Perform

Coverage Initiated – Wednesday, July 24, 2024

• AAON (AAON)
  • Brokerage Firm: Robert W. Baird
  • Ratings Change: Neutral
  • Price Target: $100
• Biohaven (BHVN)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Overweight
  • Price Target: $58
• JFrog (FROG)
  • Brokerage Firm: TD Cowen
  • Ratings Change: Buy
  • Price Target: $50
• M/I Homes (MHO)
  • Brokerage Firm: Raymond James
  • Ratings Change: Strong Buy
  • Price Target: $200
• MindMed (MNMD)
  • Brokerage Firm: ROTH MKM
  • Ratings Change: Buy
  • Price Target: $36
• Meritage (MTH)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform
  • Price Target: $220
• Smith & Nephew (SNN)
  • Brokerage Firm: Deutsche Bank
  • Ratings Change: Buy
• Taylor Morrison Home (TMHC)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform
  • Price Target: $75
• IMAX (IMAX)
  • Brokerage Firm: Seaport Research Partners
  • Ratings Change: Buy
  • Price Target: $23
• LandBridge (LB)
  • Brokerage Firm: Johnson Rice
  • Ratings Change: Buy
  • Price Target: $35

July 22nd Upgrades and Downgrades

Upgrades:

• Abercrombie & Fitch (ANF) – JP Morgan – Neutral to Overweight – $167 to $194
• C.H. Robinson (CHRW) – BofA Securities – Underperform to Buy – $76 to $99
• EastGroup (EGP) – Wedbush – Neutral to Outperform – $162 to $208
• Henry Schein (HSIC) – Robert W. Baird – Neutral to Outperform – $81 to $92
• Intl Flavors (IFF) – Stifel – Hold to Buy – $95 to $115
• Independent Bank (INDB) – Seaport Research Partners – Neutral to Buy – $65
• Portland Gen Elec (POR) – KeyBanc Capital Markets – Sector Weight to Overweight
• Selective Insurance (SIGI) – Keefe Bruyette – Mkt Perform to Outperform – $104 to $99
• STAG Industrial (STAG) – Wedbush – Neutral to Outperform – $38 to $44
• TaskUs (TASK) – BofA Securities – Underperform to Neutral – $12 to $18
• 10x Genomics (TXG) – Jefferies – Hold to Buy – $24
• Rentokil Initial plc (RTO) – Bernstein – Underperform to Mkt Perform

Downgrades:

• Comerica (CMA) – Truist – Buy to Hold – $55 to $53
• Mr. Cooper Group (COOP) – Keefe Bruyette – Outperform to Mkt Perform – $95
• CrowdStrike (CRWD) – BTIG Research – Buy to Neutral
• CrowdStrike (CRWD) – Guggenheim – Buy to Neutral
• Con Edison (ED) – Barclays – Equal Weight to Underweight – $97 to $92
• Estee Lauder (EL) – Raymond James – Strong Buy to Mkt Perform
• Fidelity Nat’l Info (FIS) – Morgan Stanley – Overweight to Equal-Weight – $79
• HDFC Bank (HDB) – JP Morgan – Overweight to Neutral
• Hippo (HIPO) – Keefe Bruyette – Outperform to Mkt Perform – $22 to $20
• Westamerica Banc (WABC) – Maxim Group – Buy to Hold
• Augmedix (AUGX) – B. Riley Securities – Buy to Neutral – $3 to $2.35
• Redwire Corporation (RDW) – B. Riley Securities – Buy to Neutral – $6 to $8
• Open Lending (LPRO) – Needham – Buy to Hold
• American Airlines (AAL) – Bernstein – Outperform to Mkt Perform – $18 to $12
• Berkshire Hills Bancorp (BHLB) – Janney – Buy to Neutral – $28
• CrowdStrike (CRWD) – Scotiabank – Sector Outperform to Sector Perform – $393 to $300
• Interpublic (IPG) – Morgan Stanley – Equal-Weight to Underweight – $34 to $28
• Lennar (LEN) – Goldman – Buy to Neutral – $180 to $174
• Nu Holdings (NU) – JP Morgan – Overweight to Neutral – $12 to $14.5
• PennyMac (PFSI) – Keefe Bruyette – Outperform to Mkt Perform – $102
• Stifel Financial (SF) – Wolfe Research – Outperform to Peer Perform
• Schneider National (SNDR) – BofA Securities – Neutral to Underperform – $23
• Savers Value Village (SVV) – JP Morgan – Overweight to Neutral – $21 to $12
• Texas Capital (TCBI) – Citigroup – Neutral to Sell – $60
• Augmedix (AUGX) – Lake Street – Buy to Hold
• Air Products (APD) – Deutsche Bank – Buy to Hold

Coverage Initiated:

• AnaptysBio (ANAB) – H.C. Wainwright – Buy – $55
• Axsome Therapeutics (AXSM) – Needham – Buy – $130
• Benitec Biopharma (BNTC) – Leerink Partners – Outperform – $13
• Berkshire Hathaway (BRK.B) – TD Cowen – Hold – $465
• Celcuity (CELC) – Leerink Partners – Outperform – $29
• CARGO Therapeutics (CRGX) – H.C. Wainwright – Buy – $33
• Driven Brands (DRVN) – BMO Capital Markets – Market Perform – $14
• Enovix (ENVX) – The Benchmark Company – Buy – $25
• EVgo Inc. (EVGO) – UBS – Neutral – $4
• Neumora Therapeutics (NMRA) – Needham – Buy – $23
• ArriVent BioPharma (AVBP) – Oppenheimer – Outperform – $35
• Lyft (LYFT) – Melius – Hold – $15
• nCino (NCNO) – JMP Securities – Mkt Outperform – $43
• Talos Energy (TALO) – Goldman – Buy – $14
• Tamboran Resources (TBN) – Piper Sandler – Overweight – $41
• Tamboran Resources (TBN) – RBC Capital Mkts – Sector Perform – $31
• Tamboran Resources (TBN) – Citigroup – Buy – $32
• Uber (UBER) – Melius – Hold – $77
• WEBTOON Entertainment (WBTN) – Evercore ISI – Outperform – $30
• WEBTOON Entertainment (WBTN) – JP Morgan – Neutral – $23
• WEBTOON Entertainment (WBTN) – Morgan Stanley – Equal-Weight – $23
• WEBTOON Entertainment (WBTN) – Goldman – Buy – $62
• WEBTOON Entertainment (WBTN) – Deutsche Bank – Buy – $25
• American Vanguard (AVD) – Lake Street – Buy – $14