Analyst Upgrades and Downgrades For the Week of June 10th

Wednesday, June 12th

Upgrades – Wednesday, June 12, 2024

• Banco Santander Chile (BSAC)
  • Brokerage Firm: Itau BBA
  • Ratings Change: Market Perform to Outperform
  • Price Target: $22
• Ciena (CIEN)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Equal-Weight to Overweight
  • Price Target: $53 to $55
• Darling Ingredients (DAR)
  • Brokerage Firm: Citigroup
  • Ratings Change: Neutral to Buy
  • Price Target: $48
• Haemonetics (HAE)
  • Brokerage Firm: Needham
  • Ratings Change: Hold to Buy
  • Price Target: $112
• Klaviyo (KVYO)
  • Brokerage Firm: Barclays
  • Ratings Change: Equal Weight to Overweight
  • Price Target: $25 to $29
• McCormick (MKC)
  • Brokerage Firm: Citigroup
  • Ratings Change: Sell to Neutral
  • Price Target: $68 to $69
• National Grid (NGG)
  • Brokerage Firm: Goldman
  • Ratings Change: Neutral to Buy
• PagerDuty (PD)
  • Brokerage Firm: Craig Hallum
  • Ratings Change: Hold to Buy
  • Price Target: $30

Downgrades – Wednesday, June 12, 2024

• Academy Sports + Outdoors (ASO)
  • Brokerage Firm: UBS
  • Ratings Change: Buy to Neutral
  • Price Target: $81 to $58
• Banco Bilbao Vizcaya Argentaria (BBVA)
  • Brokerage Firm: Exane BNP Paribas
  • Ratings Change: Neutral to Underperform
• Birkenstock Holding Plc (BIRK)
  • Brokerage Firm: Goldman
  • Ratings Change: Buy to Neutral
  • Price Target: $54.2 to $58
• NextEra Energy (NEE)
  • Brokerage Firm: Mizuho
  • Ratings Change: Buy to Neutral
  • Price Target: $71
• NextEra Energy Partners (NEP)
  • Brokerage Firm: Mizuho
  • Ratings Change: Buy to Neutral
  • Price Target: $33
• Paramount Global (PARA)
  • Brokerage Firm: Wells Fargo
  • Ratings Change: Equal Weight to Underweight
  • Price Target: $14 to $9
• Pure Storage (PSTG)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Overweight to Equal-Weight
  • Price Target: $60

Coverage Initiated – Wednesday, June 12, 2024

• Avadel Pharmaceuticals (AVDL)
  • Brokerage Firm: Rodman & Renshaw
  • Ratings Change: Buy
  • Price Target: $27
• Broadstone Net Lease (BNL)
  • Brokerage Firm: KeyBanc Capital Markets
  • Ratings Change: Sector Weight
• Fiserv (FI)
  • Brokerage Firm: Wells Fargo
  • Ratings Change: Overweight
  • Price Target: $180
• Global Payments (GPN)
  • Brokerage Firm: Wells Fargo
  • Ratings Change: Equal Weight
  • Price Target: $100
• Realty Income (O)
  • Brokerage Firm: KeyBanc Capital Markets
  • Ratings Change: Sector Weight
• Valvoline (VVV)
  • Brokerage Firm: Piper Sandler
  • Ratings Change: Overweight
  • Price Target: $49
• NCR Voyix Corporation (VYX)
  • Brokerage Firm: Stifel
  • Ratings Change: Buy
  • Price Target: $16

Tuesday, June 11th:

• Upgrades Tuesday, June 11, 2024
  • Apple (AAPL)
    • Brokerage Firm: DA Davidson
    • Ratings Change: Neutral >> Buy
    • Price Target: $200 >> $230 (Hmmm… the exact same strike price that we just saw an unusual options activity trade target today.)
  • Manpower (MAN)
    • Brokerage Firm: Exane BNP Paribas
    • Ratings Change: Underperform >> Outperform
    • Price Target: $92
  • Robert Half (RHI)
    • Brokerage Firm: Exane BNP Paribas
    • Ratings Change: Underperform >> Outperform
    • Price Target: $80
  • STAAR Surgical (STAA)
    • Brokerage Firm: BTIG Research
    • Ratings Change: Neutral >> Buy
    • Price Target: $46
  • AT&T (T)
    • Brokerage Firm: Exane BNP Paribas
    • Ratings Change: Underperform >> Neutral
  • Softbank (SFTBY)
    • Brokerage Firm: Jefferies
    • Ratings Change: Hold >> Buy
• Downgrades Tuesday, June 11, 2024
  • Biomea Fusion (BMEA)
    • Brokerage Firm: Truist
    • Ratings Change: Buy >> Hold
  • Cleveland-Cliffs (CLF)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight >> Neutral
    • Price Target: $23 >> $17
  • Comcast (CMCSA)
    • Brokerage Firm: Exane BNP Paribas
    • Ratings Change: Neutral >> Underperform
    • Price Target: $34
  • PowerSchool (PWSC)
    • Brokerage Firm: Raymond James
    • Ratings Change: Outperform >> Mkt Perform
  • Squarespace (SQSP)
    • Brokerage Firm: B. Riley Securities
    • Ratings Change: Buy >> Neutral
    • Price Target: $43
  • CoreCivic (CXW)
    • Brokerage Firm: Wedbush
    • Ratings Change: Outperform >> Neutral
    • Price Target: $19 >> $14
  • Academy Sports + Outdoors (ASO)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Buy >> Neutral
    • Price Target: $75 >> $63
• Coverage Initiated Tuesday, June 11, 2024
  • AppFolio (APPF)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Overweight
    • Price Target: $295
  • Bitdeer Technologies (BTDR)
    • Brokerage Firm: Cantor Fitzgerald
    • Ratings Change: Overweight
    • Price Target: $13
  • Confluent (CFLT)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: Outperform
    • Price Target: $35
  • Celldex Therapeutics (CLDX)
    • Brokerage Firm: Wolfe Research
    • Ratings Change: Outperform
    • Price Target: $51
  • Enliven Therapeutics (ELVN)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform
    • Price Target: $32
  • GE Vernova (GEV)
    • Brokerage Firm: Citigroup
    • Ratings Change: Neutral
    • Price Target: $183
  • Madrigal Pharmaceuticals (MDGL)
    • Brokerage Firm: Wolfe Research
    • Ratings Change: Outperform
    • Price Target: $382
  • Neurogene (NGNE)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform
    • Price Target: $54
  • On (ONON)
    • Brokerage Firm: Bernstein
    • Ratings Change: Outperform
    • Price Target: $50
  • REV Group (REVG)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight
    • Price Target: $29.5
  • Rocket Lab USA (RKLB)
    • Brokerage Firm: Goldman
    • Ratings Change: Neutral
    • Price Target: $4.5
  • Shopify (SHOP)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight
    • Price Target: $74
  • Viridian Therapeutics (VRDN)
    • Brokerage Firm: Wolfe Research
    • Ratings Change: Outperform
    • Price Target: $29
  • Gladstone Land (LAND)
    • Brokerage Firm: Alliance Global Partners
    • Ratings Change: Buy
    • Price Target: $16

Monday, June 10th:

Upgrades Monday, June 10, 2024

• ACV Auctions (ACVA)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Neutral >> Overweight
  • Price Target: $21
• Krispy Kreme, Inc. (DNUT)
  • Brokerage Firm: Truist
  • Ratings Change: Hold >> Buy
  • Price Target: $13 >> $15
• Enphase Energy (ENPH)
  • Brokerage Firm: HSBC Securities
  • Ratings Change: Hold >> Buy
  • Price Target: $166
• Lithia Motors (LAD)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Neutral >> Overweight
  • Price Target: $270 >> $280
• Lions Gate Entertainment (LGF.A)
  • Brokerage Firm: Wolfe Research
  • Ratings Change: Underperform >> Peer Perform
• Mohawk (MHK)
  • Brokerage Firm: Raymond James
  • Ratings Change: Mkt Perform >> Strong Buy
  • Price Target: $140
• PG&E (PCG)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Neutral >> Overweight
  • Price Target: $19 >> $22
• Planet Fitness (PLNT)
  • Brokerage Firm: Jefferies
  • Ratings Change: Hold >> Buy
  • Price Target: $62 >> $100
• Sonic Automotive (SAH)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Underweight >> Neutral
  • Price Target: $53 >> $58
• Walmart (WMT)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Neutral >> Overweight
  • Price Target: $66 >> $81

Downgrades Monday, June 10, 2024

• Asbury Automotive (ABG)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Overweight >> Neutral
  • Price Target: $230
• Adobe (ADBE)
  • Brokerage Firm: Melius
  • Ratings Change: Buy >> Hold
  • Price Target: $510
• Advanced Micro (AMD)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Overweight >> Equal-Weight
  • Price Target: $176
• Delek US Holdings (DK)
  • Brokerage Firm: TD Cowen
  • Ratings Change: Hold >> Sell
  • Price Target: $20
• MidCap Financial Investment Corporation (MFIC)
  • Brokerage Firm: Compass Point
  • Ratings Change: Buy >> Neutral
  • Price Target: $15.5 >> $16
• PowerSchool (PWSC)
  • Brokerage Firm: Macquarie
  • Ratings Change: Outperform >> Neutral
  • Price Target: $22.8
• Perion Network (PERI)
  • Brokerage Firm: Oppenheimer
  • Ratings Change: Outperform >> Perform
• Perion Network (PERI)
  • Brokerage Firm: Needham
  • Ratings Change: Buy >> Hold

Coverage Initiated Monday, June 10, 2024

• American Express (AXP)
  • Brokerage Firm: Citigroup
  • Ratings Change: Neutral
  • Price Target: $250
• Dave, Inc. (DAVE)
  • Brokerage Firm: Seaport Research Partners
  • Ratings Change: Buy
  • Price Target: $54
• Microsoft (MSFT)
  • Brokerage Firm: New Street
  • Ratings Change: Buy
  • Price Target: $570
• Tenaya Therapeutics (TNYA)
  • Brokerage Firm: William Blair
  • Ratings Change: Outperform