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Analyst Upgrades and Downgrades For the Week of March 18th

Analyst upgrades, downgrades, and more

By Justin Nugent · March 18, 2024
Analyst Upgrades and Downgrades For the Week of March 18th

Thursday, March 21st:

REITERATES

  • ILMN Tier1 firm Reiterates ILMN with Underperform, price target: $105
  • FDS Tier1 firm Reiterates FDS with Neutral, price target: $500
  • LI Tier1 firm Reiterates LI with Buy, price target: $48
  • WAB Tier1 firm Reiterates WAB with Buy, price target: $156
  • BA Tier1 firm Reiterates BA with Neutral, price target: $210 from $225
  • PDD Goldman Sachs Reiterates PDD with Neutral, price target: $143

INITIATES

  • STZ Piper/Sandler Initiates STZ with Overweight, price target: $300
  • OSCR Raymond James Initiates OSCR with Outperform, price target: $20
  • TAP Piper/Sandler Initiates TAP with Neutral, price target: $69
  • HUM Raymond James Initiates HUM with Market Perform
  • AMP Raymond James Initiates AMP with Market Perform
  • OMH Maxim Initiates OMH with Buy, price target: $3
  • FTRE Baird Initiates FTRE with Neutral, price target: $43

RAISED

  • MU Argus Raised MU to Buy from Hold, price target: $140
  • SKT CitiGroup Raised SKT to Buy from Neutral, price target: $33
  • AMH CitiGroup Raised AMH to Buy from Neutral, price target: $41
  • PK CitiGroup Raised PK to Buy from Neutral, price target: $20
  • OHI CitiGroup Raised OHI to Buy from Neutral, price target: $35
  • MAC CitiGroup Raised MAC to Neutral from Sell, price target: $17
  • CHD Center for Financial Research & Analysis Raised CHD to Buy from Hold, price target: $112
  • PARA Rosenblatt Securities Inc. Raised PARA to Neutral from Sell, price target: $13
  • WBD Rosenblatt Securities Inc. Raised WBD to Neutral from Sell, price target: $10

CUTS

  • ACN Susquehanna Cuts ACN to Net Neutral from Net Positive, price target: $360
  • JKS ROTH MKM Cuts JKS to Neutral from Buy, price target: $25
  • KIM CitiGroup Cuts KIM to Neutral from Buy, price target: $20
  • INVH CitiGroup Cuts INVH to Neutral from Buy, price target: $39

Wednesday, March 20th:

REITERATES

  • WSM Tier1 firm Reiterates WSM with Neutral, price target: $298
  • PDD Jefferies Reiterates PDD with Buy, price target: $161- price target raised to $161 from $157
  • KRG CitiGroup Reiterates KRG with Buy, price target: $24
  • SDHC Tier1 firm Reiterates SDHC with Neutral, price target: $31
  • LVTX Jefferies Reiterates LVTX with Buy, price target: $60
  • SIG Tier1 firm Reiterates SIG with Neutral, price target: $100

INITIATES

  • CRM Keybanc/Pacific Crest Initiates CRM with Sector Weight
  • HUBS Keybanc/Pacific Crest Initiates HUBS with Overweight, price target: $520
  • ADBE Keybanc/Pacific Crest Initiates ADBE with Underweight, price target: $44
  • ORCL Keybanc/Pacific Crest Initiates ORCL with Overweight, price target: $150
  • ZI Keybanc/Pacific Crest Initiates ZI with Overweight, price target: $20
  • LUV UBS Initiates LUV with Buy, price target: $36
  • AAL UBS Initiates AAL with Buy, price target: $19

CUTS

  • EQIX HSBC Cuts EQIX to Hold from Buy, price target: $900
  • ILMN OTR Global Cuts ILMN to Mixed from Positive
  • OKE U.S. Capital Advisors Cuts OKE to Hold from Overweight, price target: $82
  • TRGP Hearing U.S. Capital Advisors Cuts TRGP to Overweight from Buy, price target: $122
  • ETRN U.S. Capital Advisors Cuts ETRN to Overweight from Buy, price target: $12

RAISED

  • FAF Keefe Bruyette Raised FAF to Outperform from Market Perform, price target: $69
  • GIS Center for Financial Research & Analysis Raised GIS to Hold from Sell, price target: $76
  • KMX Needham Raised KMX to Buy from Hold, price target: $99
  • BBY Telsey Advisory Group Raised BBY to Outperform from Market Perform, price target: $95
  • TME CitiGroup Raised TME to Buy from Neutral

Tuesday, March 19th:

INITIATES

  • AVGO Barclays Initiates AVGO with Overweight, price target: $1,405
  • JBLU UBS Initiates JBLU with Sell, price target: $5
  • ALGT UBS Initiates ALGT with Sell, price target: $58
  • LUV UBS Initiates LUV with Buy, price target: $36
  • AAL UBS Initiates AAL with Buy, price target: $19
  • ALK UBS Initiates ALK with Buy, price target: $54
  • ULCC UBS Initiates ULCC with Neutral, price target: $8
  • DAL UBS Initiates DAL with Buy, price target: $59
  • UAL UBS Initiates UAL with Neutral, price target: $47
  • STEP Oppenheimer Initiates STEP with Outperform
  • MTN Boutique Firm Initiates MTN with Hold, price target: $245
  • GDRX Boutique Firm Initiates GDRX with Hold, price target: $8
  • GBTG Boutique Firm Initiates GBTG with Buy, price target: $8
  • TPX Boutique Firm Initiates TPX with Hold, price target: $60
  • ELF Boutique Firm Initiates ELF with Sell
  • BJ Boutique Firm Initiates BJ with Hold, price target: $84
  • PRFT Boutique Firm Initiates PRFT with Buy, price target: $74
  • PTCT Tier1 firm Initiates PTCT with Underperform, price target: $15
  • LNSR Lake Street Capital Markets Initiates LNSR with Buy, price target: $8
  • FUL Vertical Research Initiates FUL with Buy, price target: $88
  • CAR Tier1 firm Initiates CAR with Buy, price target: $170
  • HTZ Tier1 firm Initiates HTZ with Neutral, price target: $9

REITERATES

  • DKS Argus Reiterates DKS with Buy, price target: $240- price target raised to $245 from $165
  • IP Tier1 firm Reiterates IP with Buy, price target: $42
  • XPEV Tier1 firm Reiterates XPEV with Buy, price target: $13.50
  • CRNX H.C. Wainright Reiterates CRNX with Buy, price target: $50
  • SE Tier1 firm Reiterates SE with Neutral, price target: $62
  • ATNM H.C. Wainright Reiterates ATNM with Buy, price target: $50
  • SRRK H.C. Wainright Reiterates SRRK with Buy, price target: $30
  • AESI CitiGroup Reiterates AESI with Buy, price target: $26
  • CRNX Jefferies Reiterates CRNX with Hold, price target: $40
  • MRVL Oppenheimer Reiterates MRVL with Outperform, price target: $80-
  • ZIM Tier1 firm Reiterates ZIM with Underperform, price target: $7.80 from $11
  • OPAL UBS Reiterates OPAL with Buy, price target: $8 from $11
  • WSM UBS Reiterates WSM with Sell, price target: $25 from $19
  • SMR UBS Reiterates SMR with Neutral, price target: $10 from $2
  • MU UBS Reiterates MU with Buy, price target: $120 from $95
  • DKS UBS Reiterates DKS with Neutral, price target: $215 from $142
  • MARA H.C. Wainright Reiterates MARA with Buy, price target: $35
  • NVDA Tier 1 firm Reiterates NVDA with Buy, price target: $1,100

RAISES

  • TRGP Barclays Reiterates TRGP with Overweight, price target: $116- price target raised to $116 from $105
  • MU Center for Financial Research & Analysis Reiterates MU with Buy, price target: $110- price target raised to $110 from $94
  • DKS Argus Reiterates DKS with Buy, price target: $240- price target raised to $245 from $165
  • IP CitiGroup Raised IP to Buy from Neutral, price target: $46
  • AESI CitiGroup Reiterates AESI with Buy, price target: $26- price target raised to $26 from $23
  • WB UBS Raised WB to Buy from Neutral, price target: $11.50
  • BRP Raymond James Reiterates BRP with Strong Buy, price target: $40- price target raised to $40 from $35
  • VNET Tier1 firm Raised VNET to Buy from Neutral, price target: $2.70
  • TFC Stephens Raised TFC to Overweight from Equal Weight, price target: $43

CUTS

  • SCVL Monness Crespi Cuts SCVL to Hold from Buy
  • JBL Hearing Argus Cuts JBL to Hold from Buy
  • CBAY Boutique Firm Cuts to Hold from Buy
  • FITB Stephens Cuts FITB to Equal Weight from Overweight, price target: $41
  • FUSN SVB Leerink LLC Cuts FUSN to Market Perform from Outperform, price target: $21
  • SMR Wells Fargo Cuts SMR to Underweight from Equal Weight, price target: $4.50
  • SNOW Redburn Atlantic Cuts SNOW to Sell from Hold, price target: $125
  • MDB Redburn Atlantic Cuts MDB to Sell from Hold, price target: $295

Monday, March 18th:

INITIATES

  • CABO Boutique Firm Initiates CABO with Hold, price target: $514.30
  • JAMF Boutique Firm Initiates JAMF with Buy
  • PWFL Northland Capital Initiates PWFL with Outperform, price target: $7
  • GOOD Boutique Firm Initiates with Buy, price target $15.50
  • SACH Boutique Firm Initiates with Buy, price target $4.50
  • WSR Boutique Firm Initiates with Buy, price target $15
  • INAB Boutique Firm Initiates with Buy, price target $7.50
  • HUT Needham Initiates HUT with Buy, price target: $12
  • MEDP Deutsche Bank Initiates MEDP with Hold, price target: $395
  • RGLS SVB Leerink LLC Initiates RGLS with Outperform, price target: $6
  • SYNX ThinkEquity Initiates SYNX with Buy, price target: $8
  • JSPR TD Cowen Initiates JSPR with Outperform
  • VYX Goldman Sachs Initiates VYX with Neutral, price target: $14
  • NATL Goldman Sachs Initiates NATL with Neutral, price target: $23
  • WELL Exane BNP Paribas Initiates WELL with Outperform, price target: $104
  • DT Wolfe Research Initiates DT with Outperform, price target: $60

RAISED

  • GMED BTIG Raised GMED to Buy from Neutral, price target: $60 
  • SNOW Hearing Monness Crespi Raised SNOW to Hold from Sell
  • CHTR Bernstein Raised CHTR to Outperform from Market Perform, price target: $370
  • GMED BTIG Raised GMED to Buy from Neutral, price target: $60
  • PD Truist Raised PD to Buy from Hold, price target: $30
  • PNW Tier1 firm Raised PNW to Buy from Neutral, price target: $80 from $71

CUTS

  • AGRX Maxim Cuts AGRX to Hold from Buy
  • LBTYA HSBC Cuts LBTYA to Hold from Buy
  • TEX JPMorgan Chase and Co Cuts TEX to Neutral from Overweight, price target: $63
  • HIBB Telsey Advisory Group Cuts HIBB to Market Perform from Outperform, price target: $74
  • INVH Evercore ISI Institutional Equities Cuts INVH to In Line from Outperform, price target: $36
  • PLD Evercore ISI Institutional Equities Cuts PLD to In Line from Outperform, price target: $136
  • SLG Evercore ISI Institutional Equities Cuts SLG to Underperform from In Line, price target: $44
  • AIRC Raymond James Cuts AIRC to Market Perform from Outperform
  • NXRT Raymond James Cuts NXRT to Underperform from Market Perform
  • NYCB Raymond James Cuts NYCB to Underperform from Market Perform

REITERATES

  • MU Cantor Fitzgerald Reiterates MU with Overweight, price target: $120 from $100
  • AVGO Tier1 firm Reiterates AVGO with Buy, price target: $1,680
  • ERJ Tier1 firm Reiterates ERJ with Buy, price target: $28
  • SMR Canaccord Genuity Reiterates SMR with Buy, price target: $8- price target raised to $8 from $4.25
  • DRVN Canaccord Genuity Reiterates DRVN with Buy, price target: $21
  • CINT Canaccord Genuity Reiterates CINT with Speculative Buy, price target: $5- price target raised to $5 from $4
  • AHCO Canaccord Genuity Reiterates AHCO with Buy, price target: $14
  • FBIZ Piper/Sandler Reiterates FBIZ with Overweight, price target: $44
  • VNT Argus Reiterates VNT with Buy, price target: $50
  • RIO Argus Reiterates RIO with Buy, price target: $70 
  • BHP Argus Reiterates BHP with Buy, price target: $65
  • REG Argus Reiterates REG with Buy, price target: $72
  • CRL Argus Reiterates CRL with Buy, price target: $290- price target raised to $290 from $240
  • ADBE Argus Reiterates ADBE with Buy, price target: $675
  • JBL Tier1 firm Reiterates JBL with Buy, price target: $150
  • AAPL Tier1 firm Reiterates AAPL with Buy, price target: $225