Friday, June 7th

Upgrades, June 7th

• CarGurus (CARG) JMP Securities: Market Perform changed to Market Outperform, Price Target $30
• Collegium Pharmaceutical (COLL) Jefferies: Hold changed to Buy, Price Target $41 to $44
• Huntsman (HUN) JP Morgan: Underweight changed to Overweight, Price Target $22 to $27
• ING Groep (ING) Barclays: Equal Weight changed to Overweight
• Lyft (LYFT) BofA Securities: Underperform changed to Buy, Price Target $15 to $20
• Lyft (LYFT) Gordon Haskett: Hold changed to Buy, Price Target $17 to $20
• Lyft (LYFT) Loop Capital: Hold changed to Buy, Price Target $20
• 3M (MMM) BofA Securities: Neutral changed to Buy, Price Target $105 to $120
• Skechers USA (SKX) BofA Securities: Neutral changed to Buy, Price Target $71 to $87
• Sunoco LP (SUN) Stifel: Hold changed to Buy, Price Target $62
• Two Harbors Investment (TWO) UBS: Neutral changed to Buy, Price Target $14.5
• Unilever PLC (UL) Redburn Atlantic: Neutral changed to Buy
• Hewlett Packard Enterprise (HPE) Argus: Hold changed to Buy
• Lyft (LYFT) Fox Advisors: Equal Weight changed to Overweight
• Pediatrix Medical Group (MD) Deutsche Bank: Sell changed to Hold, Price Target $8
• CDW (CDW) Northcoast: Neutral changed to Buy

Downgrades, June 7th

• Concrete Pumping (BBCP) William Blair: Outperform changed to Market Perform
• Biomea Fusion (BMEA) Barclays: Overweight changed to Equal Weight, Price Target $30 to $5
• Gen Digital (GEN) Morgan Stanley: Overweight changed to Equal-Weight, Price Target $28 to $27
• Halozyme Therapeutics (HALO) Piper Sandler: Overweight changed to Neutral, Price Target $48 to $51
• Vail Resorts (MTN) JP Morgan: Neutral changed to Underweight, Price Target $217 to $176
• Exxon Mobil (XOM) Truist: Buy changed to Hold, Price Target $146 to $124

Coverage Initiated, June 7th

• The Aaron’s Company (AAN) BTIG Research: Neutral
• AerCap (AER) Morgan Stanley: Equal-Weight, Price Target $103
• Affirm (AFRM) BTIG Research: Neutral
• Ally Financial (ALLY) BTIG Research: Buy, Price Target $51
• ArcBest (ARCB) Wells Fargo: Overweight, Price Target $140
• Atlanticus (ATLC) BTIG Research: Buy, Price Target $45
• American Express (AXP) BTIG Research: Neutral
• Bread Financial (BFH) BTIG Research: Neutral
• Chemours (CC) Mizuho: Neutral, Price Target $25
• C.H. Robinson (CHRW) Wells Fargo: Equal Weight, Price Target $94
• Canadian Nat’l Rail (CNI) Wells Fargo: Equal Weight, Price Target $130
• Capital One (COF) BTIG Research: Neutral
• Canadian Pacific Kansas City Ltd. (CP) Wells Fargo: Overweight, Price Target $90
• Charles River (CRL) Mizuho: Neutral, Price Target $235
• America’s Car-Mart (CRMT) BTIG Research: Neutral
• CSX (CSX) Wells Fargo: Equal Weight, Price Target $35
• Dave, Inc. (DAVE) B. Riley Securities: Buy, Price Target $60
• Discover Financial Services (DFS) BTIG Research: Neutral
• FirstCash (FCFS) BTIG Research: Neutral
• FedEx (FDX) Wells Fargo: Equal Weight, Price Target $275
• GXO Logistics (GXO) Wells Fargo: Overweight, Price Target $58
• Herc Holdings (HRI) JP Morgan: Neutral, Price Target $155
• Intl Flavors (IFF) Oppenheimer: Outperform, Price Target $116
• J.B. Hunt Transport (JBHT) Wells Fargo: Overweight, Price Target $185
• Knight-Swift (KNX) Wells Fargo: Overweight, Price Target $56
• Lending Club (LC) BTIG Research: Buy, Price Target $12
• Open Lending (LPRO) BTIG Research: Neutral
• Norfolk Southern (NSC) Wells Fargo: Overweight, Price Target $270
• Old Dominion (ODFL) Wells Fargo: Underweight, Price Target $175
• OneMain Holdings (OMF) BTIG Research: Neutral
• PROG Holdings (PRG) BTIG Research: Neutral
• REGENXBIO (RGNX) Goldman: Buy, Price Target $38
• Regional Mgmt (RM) BTIG Research: Neutral
• Saia (SAIA) Wells Fargo: Equal Weight, Price Target $445
• Schneider National (SNDR) Wells Fargo: Equal Weight, Price Target $23
• Synchrony Financial (SYF) BTIG Research: Buy, Price Target $60
• Third Harmonic Bio (THRD) Raymond James: Outperform, Price Target $18
• Tronox (TROX) Mizuho: Neutral, Price Target $22
• Union Pacific (UNP) Wells Fargo: Overweight, Price Target $270
• Upbound Group (UPBD) BTIG Research: Buy, Price Target $45
• UPS (UPS) Wells Fargo: Overweight, Price Target $156
• Upstart (UPST) BTIG Research: Sell, Price Target $14
• United Rentals (URI) JP Morgan: Overweight, Price Target $780
• Werner Enterprises (WERN) Wells Fargo: Underweight, Price Target $38
• XPO, Inc. (XPO) Wells Fargo: Overweight, Price Target $125
• Docebo (DCBO) Craig Hallum: Buy, Price Target $58
• Legacy Housing (LEGH) CJS Securities: Market Outperform, Price Target $33

Thursday, June 6th

Upgrades Thursday, June 06, 2024

• American Electric (AEP): Ladenburg Thalmann, Sell to Neutral, $73 to $86
• C.H. Robinson (CHRW): UBS, Sell to Neutral, $71 to $90
• Capital One (COF): Jefferies, Hold to Buy, $145 to $165
• Pinnacle West (PNW): Ladenburg Thalmann, Neutral to Buy, $74 to $83.5
• Ultragenyx Pharma (RARE): Goldman, Neutral to Buy, $56 to $67
• Rubrik (RBRK): BMO Capital Markets, Market Perform to Outperform, $40
• Sealed Air (SEE): Mizuho, Neutral to Buy, $36 to $50

Downgrades Thursday, June 06, 2024

• Sprinklr (CXM): DA Davidson, Buy to Neutral, $16 to $9
• Sprinklr (CXM): Cantor Fitzgerald, Overweight to Neutral, $16 to $10
• Dollar Tree (DLTR): Citigroup, Buy to Neutral, $163 to $120
• Fluence (FLNC): Guggenheim, Buy to Neutral
• Shopify (SHOP): MoffettNathanson, Buy to Neutral, $74 to $65
• 2seventy bio (TSVT): Goldman, Neutral to Sell, $5 to $2
• ZIM Integrated Shipping (ZIM): Citigroup, Neutral to Sell, $13
• Couchbase (BASE): Goldman, Neutral to Sell, $18
• Ciena (CIEN): Raymond James, Strong Buy to Outperform, $59 to $54

Coverage Initiated Thursday, June 06, 2024

• AGNC Investment (AGNC): Janney, Buy, $10.5
• CAE (CAE): Jefferies, Hold, $21
• Charles River (CRL): Goldman, Buy, $290
• Dynex Capital (DX): Janney, Buy, $13.5
• Diamondback Energy (FANG): Bernstein, Outperform, $243
• Fortrea (FTRE): Goldman, Neutral, $28
• ICON plc (ICLR): Goldman, Buy, $370
• IQVIA (IQV): Goldman, Buy, $270
• Invesco Mortgage Capital (IVR): Janney, Buy, $10
• Lexeo Therapeutics (LXEO): H.C. Wainwright, Buy, $22
• Annaly Capital Mgmt (NLY): Janney, Buy, $21
• Orchid Island Capital (ORC): Janney, Buy, $9.5
• TreeHouse Foods (THS): Mizuho, Neutral, $37
• Viridian Therapeutics (VRDN): Goldman, Buy, $23
• ARMOUR Residential REIT (ARR): Janney, Neutral, $20
• TransMedics Group (TMDX): Cantor Fitzgerald, Overweight, $161

Wednesday, June 5th

Upgrades Wednesday, June 05, 2024

• AbbVie (ABBV) – HSBC Securities – Hold >> Buy – $185
• Applied Materials (AMAT) – Barclays – Underweight >> Equal Weight – $165 >> $225
• Instacart (CART) – Gordon Haskett – Hold >> Buy – $37 >> $45
• KLA Corporation (KLAC) – Barclays – Underweight >> Equal Weight – $630 >> $765
• Boston Beer Co (SAM) – Morgan Stanley – Underweight >> Equal-Weight – $290
• Smith & Nephew (SNN) – UBS – Neutral >> Buy
• UnitedHealth (UNH) – HSBC Securities – Hold >> Buy – $580
• Hyster-Yale (HY) – Northland Capital – Market Perform >> Outperform – $90

Downgrades Wednesday, June 05, 2024

• Medifast (MED) – DA Davidson – Neutral >> Underperform – $25 >> $17.5
• Relmada Therapeutics (RLMD) – Goldman – Neutral >> Sell – $3 >> $2
• Titan Machinery (TITN) – B. Riley Securities – Buy >> Neutral – $32 >> $20
• Energy Fuels (UUUU) – ROTH MKM – Buy >> Neutral – $6.5 >> $6.25
• Barrett Business (BBSI) – Sidoti – Buy >> Neutral – $140

Coverage Initiated Wednesday, June 05, 2024

• Arrowhead (ARWR) – Goldman – Neutral – $31
• Corpay (CPAY) – Wells Fargo – Equal Weight – $285
• EVgo Inc. (EVGO) – The Benchmark Company – Buy – $3
• Haleon plc (HLN) – Berenberg – Buy
• Jazz Pharma (JAZZ) – Goldman – Buy – $169
• LifeMD (LFMD) – KeyBanc Capital Markets – Overweight – $12
• Old Dominion (ODFL) – BMO Capital Markets – Outperform – $210
• Protolabs (PRLB) – Cantor Fitzgerald – Overweight – $44
• Silvaco Group (SVCO) – B. Riley Securities – Buy – $26
• WEX (WEX) – Wells Fargo – Equal Weight – $200
• Xometry (XMTR) – Cantor Fitzgerald – Underweight – $13
• Lionsgate Studios (LION) – Seaport Research Partners – Neutral
• Spire Global (SPIR) – Craig Hallum – Buy – $13
• Procore Technologies (PCOR) – Macquarie – Neutral – $70

Tuesday, June 4th

Upgrades Tuesday, June 04, 2024

• DT Midstream (DTM) – Wells Fargo: Equal Weight >> Overweight – $62 >> $77
• HEICO (HEI) – Morgan Stanley: Underweight >> Equal-Weight – $178 >> $225
• Kinder Morgan (KMI) – Wells Fargo: Equal Weight >> Overweight – $18 >> $22
• SentinelOne (S) – Canaccord Genuity: Hold >> Buy – $28 >> $23
• Sunoco LP (SUN) – Mizuho: Neutral >> Buy – $60 >> $59
• Upstart (UPST) – Redburn Atlantic: Sell >> Neutral – $22.5 >> $25.5
• Williams Cos (WMB) – Wells Fargo: Equal Weight >> Overweight – $38 >> $46

Downgrades Tuesday, June 04, 2024

• Allegion (ALLE) – Barclays: Equal Weight >> Underweight – $122 >> $116
• Maxeon Solar (MAXN) – Goldman: Buy >> Sell – $11 >> $1
• Procore Technologies (PCOR) – Mizuho: Buy >> Neutral – $75 >> $70
• PTC (PTC) – Mizuho: Buy >> Neutral – $200 >> $190
• Stanley Black & Decker (SWK) – Barclays: Overweight >> Equal Weight – $100 >> $86

Coverage Initiated Tuesday, June 04, 2024

• Bitfarms (BITF) – H.C. Wainwright: Buy – $4
• Columbus McKinnon (CMCO) – JP Morgan: Overweight – $53
• EastGroup (EGP) – Exane BNP Paribas: Neutral – $167
• Flutter Entertainment (FLUT) – Oppenheimer: Outperform – $240
• First Industrial Realty (FR) – Exane BNP Paribas: Outperform – $57
• LXP Industrial Trust (LXP) – Exane BNP Paribas: Outperform – $11
• Oklo Inc. (OKLO) – Citigroup: Neutral – $11
• Cartesian Therapeutics (RNAC) – Oppenheimer: Outperform – $50
• Superior Group (SGC) – DA Davidson: Buy – $24
• STAG Industrial (STAG) – Exane BNP Paribas: Neutral – $39
• TransMedics Group (TMDX) – Stephens: Overweight – $151
• Terreno Realty (TRNO) – Exane BNP Paribas: Outperform – $68
• Twist Bioscience (TWST) – Guggenheim: Buy – $53
• ZEEKR Intelligent Technology Holding Limited (ZK) – BofA Securities: Buy – $35
• ZEEKR Intelligent Technology Holding Limited (ZK) – Goldman: Buy – $34
• Rezolute (RZLT) – Craig Hallum: Buy – $14
• Pulmonx (LUNG) – Lake Street: Buy – $12
• Silvaco Group (SVCO) – Craig Hallum: Buy – $25

Monday, June 3rd

Upgrades Monday, June 03, 2024

• Best Buy (BBY) – Citigroup – Sell >> Buy – $67 >> $100
• Kimberly-Clark (KMB) – RBC Capital Mkts – Sector Perform >> Outperform – $126 >> $165
• Masimo (MASI) – Piper Sandler – Neutral >> Overweight – $126 >> $160
• MongoDB (MDB) – Guggenheim – Sell >> Neutral
• Asana (ASAN) – HSBC Securities – Reduce >> Hold – $16 >> $14
• Gold Royalty (GROY) – Raymond James – Mkt Perform >> Outperform – $2.75
• MGIC Investment (MTG) – Keefe Bruyette – Mkt Perform >> Outperform – $24 >> $25
• National Grid (NGG) – Citigroup – Neutral >> Buy
• Radian Group (RDN) – Keefe Bruyette – Mkt Perform >> Outperform – $35 >> $36
• CIBC (CM) – Keefe Bruyette – Mkt Perform >> Outperform
• Dolby Labs (DLB) – Barrington Research – Mkt Perform >> Outperform – $100
• Gold Royalty (GROY) – BMO Capital Markets – Market Perform >> Outperform

Downgrades Monday, June 03, 2024

• Bank of Montreal (BMO) – Keefe Bruyette – Outperform >> Mkt Perform
• CAVA Group (CAVA) – JP Morgan – Overweight >> Neutral – $77
• Caribou Biosciences (CRBU) – Evercore ISI – Outperform >> In-line – $13 >> $3
• Commerzbank AG (CRZBY) – Citigroup – Buy >> Neutral
• Hello Group (MOMO) – JP Morgan – Overweight >> Neutral – $13 >> $6
• UiPath (PATH) – Macquarie – Outperform >> Neutral – $29 >> $12
• Expro Group (XPRO) – Goldman – Buy >> Neutral – $22 >> $23
• Royalty Pharma (RPRX) – UBS – Buy >> Neutral – $28

Coverage Initiated Monday, June 03, 2024

• Altus Power (AMPS) – Seaport Research Partners – Buy – $6.5
• Apple Hospitality REIT (APLE) – Wedbush – Neutral – $15
• Broadcom (AVGO) – Melius – Buy – $1850
• Bowman Consulting Group (BWMN) – Robert W. Baird – Outperform – $37
• BWX Technologies (BWXT) – CLSA – Buy
• Loar Holdings (LOAR) – Jefferies – Buy – $65
• Silvaco Group (SVCO) – Needham – Buy – $28
• Proficient Auto Logistics (PAL) – Raymond James – Outperform – $18
• Proficient Auto Logistics (PAL) – Stifel – Buy – $19
• Proficient Auto Logistics (PAL) – William Blair – Outperform
• Perma-Fix Enviro (PESI) – Craig Hallum – Buy – $18
• Sportsman’s Warehouse (SPWH) – ROTH MKM – Buy – $5
• Silvaco Group (SVCO) – Rosenblatt – Buy – $26
• Silvaco Group (SVCO) – TD Cowen – Buy – $23
• Silvaco Group (SVCO) – Jefferies – Buy – $25
• Target (TGT) – Exane BNP Paribas – Underperform – $116