Various
Analyst Upgrades and Downgrades For the Week of July 29
Analyst upgrades, downgrades, and more
By Justin Nugent · July 30, 2024

August 1st Upgrades and Downgrades
Upgrades
- C.H. Robinson (CHRW)
- Brokerage Firm: JP Morgan
- Rating Change: Neutral → Overweight
- Price Target: $87 → $110
- Day One Biopharmaceuticals (DAWN)
- Brokerage Firm: BofA Securities
- Rating Change: Underperform → Buy
- Price Target: $11 → $24
- Entegris (ENTG)
- Brokerage Firms: Mizuho, Seaport Research Partners
- Rating Changes: Neutral → Outperform, Neutral → Buy
- Price Targets: $143, $150
- First Solar (FSLR)
- Brokerage Firm: DZ Bank
- Rating Change: Hold → Buy
- Price Target: $280
- GE Vernova (GEV)
- Brokerage Firm: Morgan Stanley
- Rating Change: Equal-Weight → Overweight
- Price Target: $175 → $220
- Pegasystems (PEGA)
- Brokerage Firm: Loop Capital
- Rating Change: Hold → Buy
- Price Target: $68 → $84
- Reddit (RDDT)
- Brokerage Firm: Loop Capital
- Rating Change: Hold → Buy
- Price Target: $75
- Silgan Holdings (SLGN)
- Brokerage Firm: JP Morgan
- Rating Change: Underweight → Neutral
- Price Target: $46 → $53
- Wingstop (WING)
- Brokerage Firm: Raymond James
- Rating Change: Market Perform → Outperform
- Price Target: $42
- Datadog (DDOG)
- Brokerage Firm: BTIG Research
- Rating Change: Neutral → Buy
- Price Target: $143
- Carvana (CVNA)
- Brokerage Firm: Wells Fargo
- Rating Change: Equal Weight → Overweight
- Price Target: $175
- Waters (WAT)
- Brokerage Firm: Leerink Partners
- Rating Change: Market Perform → Outperform
- Price Target: $325 → $375
- United Micro (UMC)
- Brokerage Firm: Goldman
- Rating Change: Neutral → Buy
- First National (FXNC)
- Brokerage Firm: Janney
- Rating Change: Neutral → Buy
- Price Target: $21
Downgrades
- AvidXchange (AVDX)
- Brokerage Firm: UBS
- Rating Change: Buy → Neutral
- Price Target: $15 → $10
- Bunge (BG)
- Brokerage Firm: Citigroup
- Rating Change: Buy → Neutral
- Price Target: $125 → $114
- Bill.com (BILL)
- Brokerage Firm: Wolfe Research
- Rating Change: Outperform → Peer Perform
- Etsy (ETSY)
- Brokerage Firm: Oppenheimer
- Rating Change: Outperform → Perform
- Host Hotels (HST)
- Brokerage Firm: Compass Point
- Rating Change: Buy → Neutral
- Price Target: $25 → $18
- IPG Photonics (IPGP)
- Brokerage Firm: Seaport Research Partners
- Rating Change: Buy → Neutral
- MacroGenics (MGNX)
- Brokerage Firm: BTIG Research
- Rating Change: Buy → Neutral
- Public Storage (PSA)
- Brokerage Firm: Truist
- Rating Change: Buy → Hold
- Price Target: $306
- SiteOne Landscape Supply (SITE)
- Brokerage Firm: Stifel
- Rating Change: Buy → Hold
- Price Target: $150
- Tenable (TENB)
- Brokerage Firm: DA Davidson
- Rating Change: Buy → Neutral
- Price Target: $56 → $40
- Voya Financial (VOYA)
- Brokerage Firm: Morgan Stanley
- Rating Change: Overweight → Equal-Weight
- Price Target: $79 → $76
- Zeta Global (ZETA)
- Brokerage Firm: Morgan Stanley
- Rating Change: Overweight → Equal-Weight
- Price Target: $18 → $30
- Western Digital (WDC)
- Brokerage Firm: Summit Insights
- Rating Change: Buy → Hold
- Rapid7 (RPD)
- Brokerage Firm: Robert W. Baird
- Rating Change: Outperform → Neutral
- Price Target: $56 → $45
- Digital Realty Trust (DLR)
- Brokerage Firm: Argus
- Rating Change: Buy → Hold
- R1 RCM (RCM)
- Brokerage Firms: Jefferies, Leerink Partners, Stephens
- Rating Changes: Buy → Hold, Outperform → Market Perform, Overweight → Equal-Weight
- Udemy (UDMY)
- Brokerage Firm: BofA Securities
- Rating Change: Buy → Neutral
- Price Target: $8.5
- Wayfair (W)
- Brokerage Firms: Gordon Haskett, BofA Securities
- Rating Changes: Buy → Hold, Buy → Neutral
- Price Targets: $85 → $58
- Appian (APPN)
- Brokerage Firm: William Blair
- Rating Change: Outperform → Market Perform
- Mobileye Global (MBLY)
- Brokerage Firm: Fox Advisors
- Rating Change: Overweight → Equal Weight
- Alphatec (ATEC)
- Brokerage Firm: Morgan Stanley
- Rating Change: Overweight → Equal-Weight
Coverage Initiated
- Medpace (MEDP)
- Brokerage Firm: Truist
- Rating: Hold
- Price Target: $415
- OneStream (OS)
- Brokerage Firm: Robert W. Baird
- Rating: Outperform
- Price Target: $32
- Greystone Housing Impact Investors LP (GHI)
- Brokerage Firm: Janney
- Rating: Buy
- Price Target: $17
- Transdigm Group (TDG)
- Brokerage Firm: Northcoast
- Rating: Neutral
July 31st Upgrades and Downgrades
Upgrades
- ACNB Corporation (ACNB)
- Brokerage: Hovde Group
- Change: Market Perform >> Outperform
- Price Target: $45
- American States Water (AWR)
- Brokerage: Wells Fargo
- Change: Underweight >> Equal Weight
- Price Target: $87 (previously $80)
- Clearway Energy (CWEN)
- Brokerage: Morgan Stanley
- Change: Equal-Weight >> Overweight
- Price Target: $36 (previously $25)
- California Water (CWT)
- Brokerage: Wells Fargo
- Change: Underweight >> Equal Weight
- Price Target: $57 (previously $50)
- CEMEX S.A. (CX)
- Brokerage: Barclays
- Change: Equal Weight >> Overweight
- Price Target: $9
- Cryoport (CYRX)
- Brokerage: B. Riley Securities
- Change: Neutral >> Buy
- Price Target: $15 (previously $19)
- Ecolab (ECL)
- Brokerage: Citigroup
- Change: Neutral >> Buy
- Price Target: $265 (previously $267)
- Brokerage: BofA Securities
- Change: Neutral >> Buy
- Price Target: $272 (previously $251)
- Corning (GLW)
- Brokerage: Deutsche Bank
- Change: Hold >> Buy
- Price Target: $46
- Lockheed Martin (LMT)
- Brokerage: BofA Securities
- Change: Neutral >> Buy
- Price Target: $635 (previously $465)
- LegalZoom.com (LZ)
- Brokerage: Jefferies
- Change: Hold >> Buy
- Price Target: Not specified
- Nestle (NSRGY)
- Brokerage: Jefferies
- Change: Underperform >> Hold
- Price Target: Not specified
- Pegasystems (PEGA)
- Brokerage: JMP Securities
- Change: Market Perform >> Market Outperform
- Price Target: $85
- PayPal (PYPL)
- Brokerage: Bernstein
- Change: Market Perform >> Outperform
- Price Target: $78 (previously $71)
- Brokerage: Argus
- Change: Hold >> Buy
- Price Target: Not specified
- Renasant (RNST)
- Brokerage: Raymond James
- Change: Market Perform >> Outperform
- Price Target: $39
- Brokerage: Stephens
- Change: Equal-Weight >> Overweight
- Price Target: $41 (previously $34)
- Stellantis (STLA)
- Brokerage: Nomura
- Change: Neutral >> Buy
- Price Target: Not specified
- Upstart (UPST)
- Brokerage: Mizuho
- Change: Underperform >> Outperform
- Price Target: $31 (previously $17)
- Woodward (WWD)
- Brokerage: Jefferies
- Change: Hold >> Buy
- Price Target: $190 (previously $170)
- RTX (RTX)
- Brokerage: BofA Securities
- Change: Neutral >> Buy
- Price Target: $140 (previously $110)
- Gap (GPS)
- Brokerage: BofA Securities
- Change: Underperform >> Neutral
- Price Target: $25 (previously $18.5)
- Addex Therapeutics (ADXN)
- Brokerage: H.C. Wainwright
- Change: Neutral >> Buy
- Price Target: $30
- Edwards Lifesciences (EW)
- Brokerage: Daiwa Securities
- Change: Neutral >> Outperform
- Price Target: Not specified
- Perion Network (PERI)
- Brokerage: Lake Street
- Change: Hold >> Buy
- Price Target: $10
- Dayforce (DAY)
- Brokerage: Piper Sandler
- Change: Neutral >> Overweight
- Price Target: $71 (previously $68)
- Cameco (CCJ)
- Brokerage: Cantor Fitzgerald
- Change: Neutral >> Overweight
- Price Target: Not specified
Downgrades
- Albemarle (ALB)
- Brokerage: Berenberg
- Change: Buy >> Hold
- Price Target: $83 (previously $160)
- Appian (APPN)
- Brokerage: DA Davidson
- Change: Buy >> Neutral
- Price Target: $33 (previously $37)
- American Water Works (AWK)
- Brokerage: Wells Fargo
- Change: Equal Weight >> Underweight
- Price Target: $138 (previously $127)
- Charter Communications (CHTR)
- Brokerage: Wolfe Research
- Change: Outperform >> Peer Perform
- Price Target: Not specified
- Definitive Healthcare (DH)
- Brokerage: JP Morgan
- Change: Neutral >> Underweight
- Price Target: $5 (previously $7)
- Mobileye Global (MBLY)
- Brokerage: JP Morgan
- Change: Overweight >> Neutral
- Price Target: $24 (previously $38)
- McDonald’s (MCD)
- Brokerage: TD Cowen
- Change: Buy >> Hold
- Price Target: $280 (previously $285)
- MacroGenics (MGNX)
- Brokerage: Guggenheim
- Change: Buy >> Neutral
- Price Target: Not specified
- Brokerage: B. Riley Securities
- Change: Buy >> Neutral
- Price Target: $5 (previously $18)
- NextEra Energy Partners (NEP)
- Brokerage: Morgan Stanley
- Change: Equal-Weight >> Underweight
- Price Target: $20 (previously $31)
- Penumbra (PEN)
- Brokerage: Citigroup
- Change: Buy >> Neutral
- Price Target: $178 (previously $165)
- Brokerage: Wells Fargo
- Change: Overweight >> Equal Weight
- Price Target: $150 (previously $289)
- SmartRent (SMRT)
- Brokerage: DA Davidson
- Change: Buy >> Neutral
- Price Target: $2 (previously $3.25)
- Brokerage: Colliers Securities
- Change: Buy >> Neutral
- Price Target: Not specified
- Woodward (WWD)
- Brokerage: Deutsche Bank
- Change: Buy >> Hold
- Price Target: $158 (previously $197)
- IPG Photonics (IPGP)
- Brokerage: The Benchmark Company
- Change: Buy >> Hold
- Price Target: Not specified
- Grocery Outlet (GO)
- Brokerage: Craig Hallum
- Change: Buy >> Hold
- Price Target: Not specified
- Axos Financial (AX)
- Brokerage: Keefe Bruyette
- Change: Outperform >> Market Perform
- Price Target: $79
- PepGen (PEPG)
- Brokerage: BofA Securities
- Change: Buy >> Neutral
- Price Target: $12
- Rimini Street (RMNI)
- Brokerage: Alliance Global Partners
- Change: Buy >> Neutral
- Price Target: Not specified
Coverage Initiated
- Angel Oak Mortgage REIT (AOMR)
- Brokerage: BTIG Research
- Rating: Buy
- Price Target: $13.5
- AZZ (AZZ)
- Brokerage: Wolfe Research
- Rating: Peer Perform
- Price Target: Not specified
- Black Diamond Therapeutics (BDTX)
- Brokerage: Raymond James
- Rating: Outperform
- Price Target: $20
- HomeTrust Bank (HTBI)
- Brokerage: Hovde Group
- Rating: Outperform
- Price Target: $42
- Navigator Holdings (NVGS)
- Brokerage: Citigroup
- Rating: Buy
- Price Target: $22
- Sociedad Quimica y Minera (SQM)
- Brokerage: Berenberg
- Rating: Hold
- Price Target: $35
- Applied Therapeutics (APLT)
- Brokerage: William Blair
- Rating: Outperform
- Price Target: Not specified
- Blink Charging (BLNK)
- Brokerage: The Benchmark Company
- Rating: Buy
- Price Target: $5
- On (ONON)
- Brokerage: Raymond James
- Rating: Outperform
- Price Target: $46
- Nurix Therapeutics (NRIX)
- Brokerage: Truist
- Rating: Buy
July 30th Upgrades and Downgrades
Upgrades
- Affirm (AFRM)
- Brokerage Firm: BofA Securities
- Ratings Change: Neutral to Buy
- Price Target: $36
- Aon (AON)
- Brokerage Firm: Keefe Bruyette
- Ratings Change: Underperform to Outperform
- Price Target: $380 (up from $313)
- ASML (ASML)
- Brokerage Firm: Barclays
- Ratings Change: Equal Weight to Overweight
- Price Target: Not provided
- BrightView (BV)
- Brokerage Firm: Robert W. Baird
- Ratings Change: Neutral to Outperform
- Price Target: $17 (up from $13)
- Sprouts Farmers Market (SFM)
- Brokerage Firm: Wells Fargo
- Ratings Change: Underweight to Equal Weight
- Price Target: $90 (up from $62)
- Brokerage Firm: BMO Capital Markets
- Ratings Change: Underperform to Market Perform
- Price Target: $102 (up from $40)
- Collegium Pharmaceutical (COLL)
- Brokerage Firm: H.C. Wainwright
- Ratings Change: Neutral to Buy
- Price Target: $47
- Varonis Systems (VRNS)
- Brokerage Firm: Robert W. Baird
- Ratings Change: Neutral to Outperform
- Price Target: $60 (up from $52)
- LPL Financial (LPLA)
- Brokerage Firm: BofA Securities
- Ratings Change: Neutral to Buy
- Price Target: $268
- RTX (RTX)
- Brokerage Firm: Alembic Global Advisors
- Ratings Change: Neutral to Overweight
- Price Target: $134
- 3M (MMM)
- Brokerage Firm: Argus
- Ratings Change: Hold to Buy
- Price Target: $145
- Pegasystems (PEGA)
- Brokerage Firm: William Blair
- Ratings Change: Market Perform to Outperform
- Price Target: Not provided
Downgrades
- Abbott Labs (ABT)
- Brokerage Firm: Edward Jones
- Ratings Change: Buy to Hold
- Bank of Montreal (BMO)
- Brokerage Firm: RBC Capital Markets
- Ratings Change: Outperform to Sector Perform
- Cognition Therapeutics (CGTX)
- Brokerage Firm: Cantor Fitzgerald
- Ratings Change: Overweight to Neutral
- Criteo (CRTO)
- Brokerage Firm: KeyBanc Capital Markets
- Ratings Change: Overweight to Sector Weight
- Centuri Holdings (CTRI)
- Brokerage Firm: UBS
- Ratings Change: Buy to Neutral
- Price Target: $17 (down from $30)
- Flushing Financial (FFIC)
- Brokerage Firm: Piper Sandler
- Ratings Change: Overweight to Neutral
- Price Target: $16.5 (up from $15)
- Gentex (GNTX)
- Brokerage Firm: Exane BNP Paribas
- Ratings Change: Outperform to Neutral
- Price Target: $34
- Integra (IART)
- Brokerage Firm: Citigroup
- Ratings Change: Neutral to Sell
- Price Target: $23 (down from $30)
- Brokerage Firm: BTIG Research
- Ratings Change: Neutral to Sell
- Price Target: $22
- Novavax (NVAX)
- Brokerage Firm: JP Morgan
- Ratings Change: Neutral to Underweight
- Price Target: $8
- SAGE Therapeutics (SAGE)
- Brokerage Firm: TD Cowen
- Ratings Change: Buy to Hold
- Price Target: $10 (down from $16)
- Silicom Limited (SILC)
- Brokerage Firm: Needham
- Ratings Change: Buy to Hold
- Frontier Group Holdings (ULCC)
- Brokerage Firm: JP Morgan
- Ratings Change: Neutral to Underweight
- Healthcare Realty (HR)
- Brokerage Firm: Wells Fargo
- Ratings Change: Equal Weight to Underweight
- Price Target: $16 (down from $17)
- Lattice Semi (LSCC)
- Brokerage Firm: BofA Securities
- Ratings Change: Neutral to Underperform
- Price Target: $47 (down from $83)
- Williams Companies (WMB)
- Brokerage Firm: Seaport Research Partners
- Ratings Change: Buy to Neutral
- Shore Bancshares (SHBI)
- Brokerage Firm: Janney
- Ratings Change: Buy to Neutral
Coverage Initiated
- BrightView (BV)
- Brokerage Firm: Loop Capital
- Ratings Change: Buy
- Price Target: $18
- Corbus Pharma (CRBP)
- Brokerage Firm: Wedbush
- Ratings Change: Outperform
- Price Target: $85
- Ligand Pharma (LGND)
- Brokerage Firm: RBC Capital Markets
- Ratings Change: Outperform
- Price Target: $130
- Adaptimmune Therapeutics (ADAP)
- Brokerage Firm: H.C. Wainwright
- Ratings Change: Buy
- Price Target: $4
- Gryphon Digital Mining (GRYP)
- Brokerage Firm: H.C. Wainwright
- Ratings Change: Neutral
July 29th Upgrades and Downgrades
Upgrades
- Akamai Tech (AKAM)
- Brokerage Firm: Guggenheim
- Rating Change: Neutral >> Buy
- Price Target: $128
- BAE Systems (BAESY)
- Brokerage Firm: Citigroup
- Rating Change: Neutral >> Buy
- Booz Allen Hamilton (BAH)
- Brokerage Firm: Wells Fargo
- Rating Change: Equal Weight >> Overweight
- Price Target: $165 (previously $168)
- Carrier Global (CARR)
- Brokerage Firm: BofA Securities
- Rating Change: Underperform >> Neutral
- Price Target: $72 (previously $55)
- Eni S.p.A. (E)
- Brokerage Firm: RBC Capital Mkts
- Rating Change: Sector Perform >> Outperform
- Edwards Lifesciences (EW)
- Brokerage Firm: Wolfe Research
- Rating Change: Underperform >> Peer Perform
- 3M (MMM)
- Brokerage Firm: Deutsche Bank
- Rating Change: Hold >> Buy
- Price Target: $150 (previously $110)
- Northrop Grumman (NOC)
- Brokerage Firm: Deutsche Bank
- Rating Change: Hold >> Buy
- Price Target: $575 (previously $474)
- Olin (OLN)
- Brokerage Firm: JP Morgan
- Rating Change: Neutral >> Overweight
- Price Target: No new price target given
- The Shyft Group (SHYF)
- Brokerage Firm: DA Davidson
- Rating Change: Neutral >> Buy
- Price Target: $18 (previously $12)
- Sarepta Therapeutics (SRPT)
- Brokerage Firm: RBC Capital Mkts
- Rating Change: Sector Perform >> Outperform
- Price Target: $182
- Brunswick (BC)
- Brokerage Firm: Northcoast
- Rating Change: Neutral >> Buy
- Price Target: $100
Downgrades
- Fed Agricult Mortg (AGM)
- Brokerage Firm: Keefe Bruyette
- Rating Change: Outperform >> Market Perform
- Price Target: $215 (previously $212)
- Amedisys (AMED)
- Brokerage Firm: Deutsche Bank
- Rating Change: Buy >> Hold
- Price Target: $101
- Alexandria RE (ARE)
- Brokerage Firm: BofA Securities
- Rating Change: Buy >> Neutral
- Price Target: $126 (previously $151)
- Bristol-Myers (BMY)
- Brokerage Firm: Barclays
- Rating Change: Overweight >> Equal Weight
- Price Target: $41
- Hugo Boss AG (BOSSY)
- Brokerage Firm: Stifel
- Rating Change: Buy >> Hold
- Capital City Bank (CCBG)
- Brokerage Firm: Piper Sandler
- Rating Change: Overweight >> Neutral
- Price Target: $34 (previously $30)
- Carlyle Secured Lending (CGBD)
- Brokerage Firm: JP Morgan
- Rating Change: Neutral >> Underweight
- Price Target: $17
- Evotec SE (EVO)
- Brokerage Firm: Morgan Stanley
- Rating Change: Overweight >> Equal-Weight
- Price Target: $6 (previously $15)
- First Commonwealth (FCF)
- Brokerage Firm: Janney
- Rating Change: Buy >> Neutral
- Price Target: $19 (previously $16)
- First Hawaiian (FHB)
- Brokerage Firm: JP Morgan
- Rating Change: Neutral >> Underweight
- Price Target: $24
- Fortinet (FTNT)
- Brokerage Firm: Guggenheim
- Rating Change: Buy >> Neutral
- Iovance Biotherapeutics (IOVA)
- Brokerage Firm: Piper Sandler
- Rating Change: Overweight >> Neutral
- Price Target: $10 (previously $19)
- Charles Schwab (SCHW)
- Brokerage Firm: Piper Sandler
- Rating Change: Overweight >> Neutral
- Price Target: $64 (previously $80)
- SLR Capital Partners (SLRC)
- Brokerage Firm: JP Morgan
- Rating Change: Neutral >> Underweight
- Price Target: $15
- 1st Source Corp (SRCE)
- Brokerage Firm: Piper Sandler
- Rating Change: Overweight >> Neutral
- Price Target: $67.5 (previously $60)
- Stellantis (STLA)
- Brokerage Firm: Deutsche Bank
- Rating Change: Buy >> Hold
- Seacoast Banking (SBCF)
- Brokerage Firm: Hovde Group
- Rating Change: Outperform >> Market Perform
- Price Target: $31 (previously $29)
- Charter Comm (CHTR)
- Brokerage Firm: Raymond James
- Rating Change: Market Perform >> Underperform
- Arm Holdings plc (ARM)
- Brokerage Firm: HSBC Securities
- Rating Change: Hold >> Reduce
- General Dynamics (GD)
- Brokerage Firm: Deutsche Bank
- Rating Change: Buy >> Hold
- SPS Commerce (SPSC)
- Brokerage Firm: Northland Capital
- Rating Change: Outperform >> Market Perform
- Olin (OLN)
- Brokerage Firm: BofA Securities
- Rating Change: Buy >> Neutral
- Price Target: $51 (previously $62)
Coverage Initiated
- Abivax SA (ABVX)
- Brokerage Firm: Laidlaw
- Rating: Buy
- Price Target: $48
- Astria Therapeutics (ATXS)
- Brokerage Firm: TD Cowen
- Rating: Buy
- Price Target: $35
- Lithium Americas (LAC)
- Brokerage Firm: Piper Sandler
- Rating: Neutral
- Price Target: $3.9
- Modine Manufacturing (MOD)
- Brokerage Firm: William Blair
- Rating: Outperform
- Nuwellis (NUWE)
- Brokerage Firm: ROTH MKM
- Rating: Buy
- Price Target: $17
- Simulations Plus (SLP)
- Brokerage Firm: KeyBanc Capital Markets
- Rating: Overweight
- Price Target: $47
- Cibus Global (CBUS)
- Brokerage Firm: Alliance Global Partners
- Rating: Buy
- Price Target: $25
- GigaCloud Technology Inc. (GCT)
- Brokerage Firm: Lake Street
- Rating: Buy
- Price Target: $50
- Shake Shack (SHAK)
- Brokerage Firm: CapitalOne
- Rating: Overweight
- Price Target: $95
