Analyst Upgrades and Downgrades For the Week of June 24th

Friday, June 28th

Upgrades – Friday, June 28, 2024

• Cincinnati Fincl (CINF)
  • Brokerage Firm: Citigroup
  • Ratings Change: Neutral >> Buy
  • Price Target: $126 >> $135
• Digital Realty Trust (DLR)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Neutral >> Overweight
  • Price Target: $150 >> $175
• Equity Residential (EQR)
  • Brokerage Firm: Piper Sandler
  • Ratings Change: Neutral >> Overweight
  • Price Target: $70 >> $80
• Guardant Health (GH)
  • Brokerage Firm: Guggenheim
  • Ratings Change: Neutral >> Buy
  • Price Target: $36
• Int’l Paper (IP)
  • Brokerage Firm: Seaport Research Partners
  • Ratings Change: Neutral >> Buy
  • Price Target: $52
• SAP SE (SAP)
  • Brokerage Firm: BMO Capital Markets
  • Ratings Change: Market Perform >> Outperform
  • Price Target: $218 >> $237

Downgrades – Friday, June 28, 2024

• American Fincl (AFG)
  • Brokerage Firm: Citigroup
  • Ratings Change: Buy >> Neutral
  • Price Target: $144 >> $137
• Acuity Brands (AYI)
  • Brokerage Firm: Wells Fargo
  • Ratings Change: Overweight >> Equal Weight
  • Price Target: $295 >> $260
• Chubb (CB)
  • Brokerage Firm: William Blair
  • Ratings Change: Mkt Perform >> Underperform
• Alphabet (GOOG)
  • Brokerage Firm: Rosenblatt
  • Ratings Change: Buy >> Neutral
  • Price Target: $181
• Hartford Financial (HIG)
  • Brokerage Firm: Citigroup
  • Ratings Change: Buy >> Neutral
  • Price Target: $116 >> $114
• NIKE (NKE)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform >> Mkt Perform
  • No specified price target change
• NIKE (NKE)
  • Brokerage Firm: JP Morgan
  • Ratings Change: Overweight >> Neutral
  • Price Target: $116 >> $83
• NIKE (NKE)
  • Brokerage Firm: UBS
  • Ratings Change: Buy >> Neutral
  • Price Target: $78
• NIKE (NKE)
  • Brokerage Firm: Morgan Stanley
  • Ratings Change: Overweight >> Equal-Weight
  • Price Target: $114 >> $79
• NIKE (NKE)
  • Brokerage Firm: Stifel
  • Ratings Change: Buy >> Hold
  • Price Target: $117 >> $88
• Sagimet Biosciences (SGMT)
  • Brokerage Firm: Goldman
  • Ratings Change: Buy >> Neutral
  • Price Target: $23 >> $6
• Travelers (TRV)
  • Brokerage Firm: Citigroup
  • Ratings Change: Neutral >> Sell
  • Price Target: $226 >> $200
• Travelers (TRV)
  • Brokerage Firm: William Blair
  • Ratings Change: Outperform >> Mkt Perform
• Charles River (CRL)
  • Brokerage Firm: Argus
  • Ratings Change: Buy >> Hold
• NIKE (NKE)
  • Brokerage Firm: Barclays
  • Ratings Change: Overweight >> Equal Weight
  • Price Target: $109 >> $80

Coverage Initiated – Friday, June 28, 2024

• Addus HomeCare (ADUS)
  • Brokerage Firm: Macquarie
  • Ratings Change: Outperform
  • Price Target: $136
• Affirm (AFRM)
  • Brokerage Firm: JMP Securities
  • Ratings Change: Mkt Perform
• AGCO Corp (AGCO)
  • Brokerage Firm: Raymond James
  • Ratings Change: Mkt Perform
• Allison Transmission (ALSN)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform
  • Price Target: $85
• Amcor (AMCR)
  • Brokerage Firm: Wells Fargo
  • Ratings Change: Equal Weight
  • Price Target: $9.8
• Array Tech (ARRY)
  • Brokerage Firm: Susquehanna
  • Ratings Change: Positive
  • Price Target: $14
• Brookdale Senior Living (BKD)
  • Brokerage Firm: Macquarie
  • Ratings Change: Outperform
  • Price Target: $7.5
• Caterpillar (CAT)
  • Brokerage Firm: Raymond James
  • Ratings Change: Mkt Perform
• CG Oncology (CGON)
  • Brokerage Firm: BofA Securities
  • Ratings Change: Buy
  • Price Target: $65
• Cummins (CMI)
  • Brokerage Firm: Raymond James
  • Ratings Change: Mkt Perform
• CNH Industrial (CNH)
  • Brokerage Firm: Raymond James
  • Ratings Change: Mkt Perform
• Donaldson (DCI)
  • Brokerage Firm: Raymond James
  • Ratings Change: Mkt Perform
• Deere (DE)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform
  • Price Target: $420
• Ensign Group (ENSG)
  • Brokerage Firm: Macquarie
  • Ratings Change: Outperform
  • Price Target: $134
• Essential Properties Realty Trust (EPRT)
  • Brokerage Firm: Goldman
  • Ratings Change: Buy
  • Price Target: $33
• Eaton (ETN)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform
  • Price Target: $375
• First Comm Banc (FCBC)
  • Brokerage Firm: Hovde Group
  • Ratings Change: Market Perform
  • Price Target: $38
• H&E Equipment (HEES)
  • Brokerage Firm: Raymond James
  • Ratings Change: Mkt Perform
• Intuitive Machines (LUNR)
  • Brokerage Firm: B. Riley Securities
  • Ratings Change: Buy
  • Price Target: $8
• Madrigal Pharmaceuticals (MDGL)
  • Brokerage Firm: Cantor Fitzgerald
  • Ratings Change: Neutral
• Middleby (MIDD)
  • Brokerage Firm: Raymond James
  • Ratings Change: Mkt Perform
• Merit Medical (MMSI)
  • Brokerage Firm: Robert W. Baird
  • Ratings Change: Outperform
  • Price Target: $96
• Nektar Therapeutics (NKTR)
  • Brokerage Firm: Rodman & Renshaw
  • Ratings Change: Buy
  • Price Target: $2
• Nextracker (NXT)
  • Brokerage Firm: Susquehanna
  • Ratings Change: Positive
  • Price Target: $59
• Orrstown Financial Services (ORRF)
  • Brokerage Firm: Janney
  • Ratings Change: Buy
  • Price Target: $32
• Oshkosh (OSK)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform
  • Price Target: $125
• PACS Group (PACS)
  • Brokerage Firm: Macquarie
  • Ratings Change: Outperform
  • Price Target: $35
• PACCAR (PCAR)
  • Brokerage Firm: Raymond James
  • Ratings Change: Mkt Perform
• PagerDuty (PD)
  • Brokerage Firm: Scotiabank
  • Ratings Change: Sector Perform
  • Price Target: $23
• Parker-Hannifin (PH)
  • Brokerage Firm: Raymond James
  • Ratings Change: Outperform
  • Price Target: $610

Wednesday, June 26th

Upgrades – Wednesday, June 26, 2024:

• Apple (AAPL) – Rosenblatt – Neutral >> Buy – $196 >> $260
• Acadia Realty Trust (AKR) – JP Morgan – Underweight >> Neutral – $18
• Americold Realty Trust (COLD) – JP Morgan – Neutral >> Overweight – $30
• Campbell Soup (CPB) – JP Morgan – Neutral >> Overweight – $45 >> $52
• Digital Realty Trust (DLR) – BMO Capital Markets – Market Perform >> Outperform – $144 >> $170
• Ero Copper (ERO) – BMO Capital Markets – Market Perform >> Outperform
• FedEx (FDX) – JP Morgan – Neutral >> Overweight – $296 >> $359
• Gold Fields (GFI) – BMO Capital Markets – Underperform >> Market Perform
• Home Depot (HD) – DA Davidson – Neutral >> Buy – $352 >> $395
• Robinhood Markets (HOOD) – Wolfe Research – Peer Perform >> Outperform – $29
• PagSeguro Digital (PAGS) – Goldman – Neutral >> Buy – $15
• Repligen (RGEN) – Deutsche Bank – Hold >> Buy – $180 >> $155
• Universal Health (UHS) – Robert W. Baird – Neutral >> Outperform – $198 >> $236
• U.S. Steel (X) – BMO Capital Markets – Market Perform >> Outperform – $43 >> $45
• Prudential Plc (PUK) – Exane BNP Paribas – Neutral >> Outperform
• Tecnoglass (TGLS) – Sidoti – Neutral >> Buy

Downgrades – Wednesday, June 26, 2024:

• Accenture (ACN) – Morgan Stanley – Overweight >> Equal-Weight – $382 >> $300
• Aptiv (APTV) – Piper Sandler – Neutral >> Underweight – $78 >> $63
• dLocal Limited (DLO) – Goldman – Buy >> Neutral – $16 >> $8
• MediaAlpha (MAX) – TD Cowen – Buy >> Hold – $19 >> $13
• Sarepta Therapeutics (SRPT) – Citigroup – Buy >> Neutral – $172 >> $176
• Viavi (VIAV) – Rosenblatt – Buy >> Neutral – $8.25
• ZTO Express (ZTO) – Macquarie – Outperform >> Neutral

Coverage Initiated – Wednesday, June 26, 2024:

• Abacus Life (ABL) – Piper Sandler – Overweight – $12
• AGCO Corp (AGCO) – Citigroup – Neutral – $108
• Allison Transmission (ALSN) – Citigroup – Neutral – $80
• Arcadium Lithium (ALTM) – RBC Capital Markets – Outperform – $4
• ATI Inc. (ATI) – BTIG Research – Buy – $70
• AeroVironment (AVAV) – BTIG Research – Buy – $255
• BWX Technologies (BWXT) – BTIG Research – Buy – $110
• Caterpillar (CAT) – Citigroup – Buy – $380
• The Cigna Group (CI) – Piper Sandler – Overweight – $400
• Cummins (CMI) – Citigroup – Buy – $320
• CNH Industrial (CNH) – Citigroup – Buy – $16
• Corbus Pharma (CRBP) – B. Riley Securities – Buy – $85
• Carpenter Tech (CRS) – BTIG Research – Buy – $120
• Deere (DE) – Citigroup – Neutral – $395
• Leonardo DRS (DRS) – BTIG Research – Buy – $30
• FTAI Infrastructure (FIP) – JMP Securities – Market Outperform – $11
• FMC Corp (FMC) – Barclays – Equal Weight – $62
• Fabrinet (FN) – Jefferies – Hold – $230
• Couchbase (BASE) – Needham – Buy – $22
• JFrog (FROG) – Barclays – Overweight – $50
• General Dynamics (GD) – BTIG Research – Buy – $345
• Humana (HUM) – Piper Sandler – Overweight – $392
• Howmet Aerospace (HWM) – BTIG Research – Buy – $95
• Kratos Defense and Security (KTOS) – BTIG Research – Neutral
• Monday.com (MNDY) – Barclays – Overweight – $275
• MultiPlan (MPLN) – Piper Sandler – Neutral – $2
• Northrop Grumman (NOC) – BTIG Research – Buy – $565
• Nu Holdings (NU) – Barclays – Overweight – $15
• Oscar Health (OSCR) – Piper Sandler – Overweight – $25
• Oshkosh (OSK) – Citigroup – Buy – $130
• PACCAR (PCAR) – Citigroup – Neutral – $115
• Rocket Lab USA (RKLB) – BTIG Research – Neutral
• Sezzle (SEZL) – B. Riley Securities – Buy – $113
• Terex (TEX) – Citigroup – Neutral – $60
• Tesla (TSLA) – Stifel – Buy – $265
• United Rentals (URI) – Citigroup – Buy – $745
• Cardiol Therapeutics (CRDL) – ROTH MKM – Buy – $10
• Sana Biotechnology (SANA) – Rodman & Renshaw – Buy – $16

Tuesday, June 25th

Upgrades:

• Ascendis Pharma (ASND) upgraded from Hold to Buy by TD Cowen, with a new price target of $175.
• Ball Corp (BALL) upgraded from Hold to Buy by Truist, with a new price target of $76.
• C.H. Robinson (CHRW) upgraded from In-line to Outperform by Evercore ISI, with a new price target of $99.
• Comtech Telecom (CMTL) upgraded from Underperform to Hold by Jefferies.
• Compass (COMP) upgraded from Underperform to Hold by Gordon Haskett, with a new price target of $3.75.
• Capri Holdings (CPRI) upgraded from Equal Weight to Overweight by Wells Fargo, with a new price target of $43.
• Credo Technology Group (CRDO) upgraded from Hold to Buy by TD Cowen, with a new price target of $35.
• Eni S.p.A. (E) upgraded from Neutral to Buy by Redburn Atlantic.
• Eversource Energy (ES) upgraded from Underperform to Neutral by BofA Securities, with a new price target of $61.
• Gap (GPS) upgraded from Hold to Buy by TD Cowen, with a new price target of $30.
• Honest Company (HNST) upgraded from Hold to Buy by Loop Capital, with a new price target of $3.
• Marqeta (MQ) upgraded from Equal Weight to Overweight by Wells Fargo, with a new price target of $7.
• Cloudflare (NET) upgraded from Sell to Neutral by UBS, with a new price target of $82.
• XPeng (XPEV) upgraded from Sell to Neutral by Citigroup, with a new price target of $8.3.

Downgrades:

• Alimera Sciences (ALIM) downgraded from Buy to Neutral by H.C. Wainwright.
• ASE Technology (ASX) downgraded from Overweight to Equal-Weight by Morgan Stanley.
• DoubleVerify (DV) downgraded from Overweight to Equal-Weight by Morgan Stanley, with a new price target of $21.
• Airbus (EADSY) downgraded from Buy to Hold by Deutsche Bank.
• Hub Group (HUBG) downgraded from Outperform to In-line by Evercore ISI, with a new price target of $44.
• Old Dominion (ODFL) downgraded from Outperform to In-line by Evercore ISI, with a new price target of $196.
• PENN Entertainment (PENN) downgraded from Outperform to Market Perform by Raymond James.
• ResMed (RMD) downgraded from Outperform to Perform by Oppenheimer.
• Sea Limited (SE) downgraded from Overweight to Neutral by JP Morgan, with a new price target of $78.
• 10x Genomics (TXG) downgraded from Buy to Neutral by Guggenheim.
• Beyond Air (XAIR) downgraded from Buy to Neutral by BTIG Research.

Coverage Initiated:

• Blackstone Mortgage Trust (BXMT) initiated with a Peer Perform rating by Wolfe Research.
• Celsius (CELH) initiated with a Hold rating by Truist, with a price target of $60.
• Clearside Biomedical (CLSD) initiated with an Outperform rating by Oppenheimer, with a price target of $5.
• Comcast (CMCSA) initiated with a Buy rating by Goldman Sachs, with a price target of $44.
• Diversified Energy Company plc (DEC) initiated with a Buy rating by Truist, with a price target of $18.
• Walt Disney (DIS) initiated with a Buy rating by Goldman Sachs, with a price target of $125.
• Fox Corporation (FOXA) initiated with a Buy rating by Goldman Sachs, with a price target of $42.
• FTAI Aviation Ltd. (FTAI) initiated with a Buy rating by Jefferies, with a price target of $120.
• Gossamer Bio (GOSS) initiated with an Outperform rating by Oppenheimer, with a price target of $9.
• Keros Therapeutics (KROS) initiated with an Outperform rating by Oppenheimer, with a price target of $102.
• Ladder Capital (LADR) initiated with an Outperform rating by Wolfe Research, with a price target of $13.
• Liquidia Technologies (LQDA) initiated with a Perform rating by Oppenheimer.
• MoonLake Immunotherapeutics (MLTX) initiated with an Outperform rating by Oppenheimer, with a price target of $104.
• Paramount Global (PARA) initiated with a Sell rating by Goldman Sachs, with a price target of $9.5.
• Rivian Automotive (RIVN) initiated with a Buy rating by Guggenheim, with a price target of $18.
• SM Energy (SM) initiated with a Hold rating by Truist, with a price target of $51.
• Stagwell (STGW) initiated with a Neutral rating by Goldman Sachs, with a price target of $6.5.
• Starwood Property Trust (STWD) initiated with a Peer Perform rating by Wolfe Research.
• Viking Holdings Ltd (VIK) initiated with a Buy rating by HSBC Securities, with a price target of $36.
• Warner Bros. Discovery (WBD) initiated with a Neutral rating by Goldman Sachs, with a price target of $8.5.
• Zeta Global (ZETA) initiated with an Outperform rating by RBC Capital Markets, with a price target of $20.
• Adverum Biotech (ADVM) initiated with an Outperform rating by Oppenheimer, with a price target of $25.
• Carpenter Tech (CRS) initiated with a Buy rating by Deutsche Bank, with a price target of $144.
• MicroStrategy (MSTR) initiated with a Buy rating by Maxim Group, with a price target of $1835.
• Sila Realty Trust (SILA) initiated with an Outperform rating by Exane BNP Paribas, with a price target of $30.

Monday, June 24th

Upgrades – Monday, June 24, 2024

• Anheuser-Busch InBev (BUD) – UBS: Neutral >> Buy
• Carrier Global (CARR) – Citigroup: Neutral >> Buy, Price Target $65 >> $74
• Cinemark (CNK) – ROTH MKM: Neutral >> Buy, Price Target $19 >> $26
• Digimarc (DMRC) – Needham: Hold >> Buy, Price Target $40
• Planet Fitness (PLNT) – TD Cowen: Hold >> Buy, Price Target $66 >> $92
• Sirius XM (SIRI) – Evercore ISI: Underperform >> In-line, Price Target $4.25 >> $3.25
• Solid Biosciences (SLDB) – Leerink Partners: Market Perform >> Outperform, Price Target $12
• Synovus (SNV) – Barclays: Equal Weight >> Overweight, Price Target $39 >> $46
• ICF International (ICFI) – William Blair: Mkt Perform >> Outperform

Downgrades – Monday, June 24, 2024

• Liberty Media (LSXMA) – Evercore ISI: Outperform >> In-line, Price Target $36 >> $27
• ResMed (RMD) – Citigroup: Buy >> Neutral
• Werner Enterprises (WERN) – Susquehanna: Neutral >> Negative, Price Target $32 >> $27
• Comcast (CMCSA) – Seaport Research Partners: Buy >> Neutral

Coverage Initiated – Monday, June 24, 2024

• Accenture (ACN) – Goldman: Neutral, Price Target $335
• Agilysys (AGYS) – William Blair: Outperform
• Ally Financial (ALLY) – Citigroup: Buy, Price Target $50
• Bridger Aerospace Group (BAER) – Canaccord Genuity: Buy, Price Target $5.5
• Celsius (CELH) – Exane BNP Paribas: Outperform, Price Target $87
• Church & Dwight (CHD) – Exane BNP Paribas: Neutral, Price Target $114
• Colgate-Palmolive (CL) – Exane BNP Paribas: Outperform, Price Target $109
• Clorox (CLX) – Exane BNP Paribas: Underperform, Price Target $130
• Envoy Medical (COCH) – Ascendiant Capital Markets: Buy, Price Target $8.5
• Cheniere Energy Partners (CQP) – Bernstein: Mkt Perform
• Cognizant Tech (CTSH) – Goldman: Neutral, Price Target $72
• Elevance Health (ELV) – Morgan Stanley: Overweight, Price Target $643
• EPAM Systems (EPAM) – Goldman: Neutral, Price Target $200
• Globant (GLOB) – Goldman: Buy, Price Target $200
• Humana (HUM) – Morgan Stanley: Equal-Weight, Price Target $374
• IBM (IBM) – Goldman: Buy, Price Target $200
• Keurig Dr Pepper (KDP) – Exane BNP Paribas: Neutral, Price Target $36
• Kimberly-Clark (KMB) – Exane BNP Paribas: Neutral, Price Target $146
• Coca-Cola (KO) – Exane BNP Paribas: Outperform, Price Target $72
• Cheniere Energy (LNG) – Bernstein: Outperform
• Monster Beverage (MNST) – Exane BNP Paribas: Underperform, Price Target $48
• PepsiCo (PEP) – Exane BNP Paribas: Neutral, Price Target $174
• Procter & Gamble (PG) – Exane BNP Paribas: Outperform, Price Target $187
• Praxis Precision Medicines (PRAX) – Needham: Buy, Price Target $145
• TaskUs (TASK) – Goldman: Sell, Price Target $12
• Thoughtworks (TWKS) – Goldman: Sell, Price Target $2.5
• ZEEKR Intelligent Technology Holding Limited (ZK) – Citigroup: Buy, Price Target $32.4
• Tectonic Therapeutic (TECX) – TD Cowen: Buy
• Ryder System (R) – Morgan Stanley: Overweight, Price Target $165
• Solventum Corporation (SOLV) – Argus: Hold
• Graham (GHM) – Noble Capital Markets: Outperform, Price Target $35
• Atlas Energy Solutions (AESI) – Tudor, Pickering, Holt & Co.: Buy