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Analyst Upgrades and Downgrades For the Week of September 30th

Analyst upgrades, downgrades, and more

By Justin Nugent · September 30, 2024
Analyst Upgrades and Downgrades For the Week of September 30th

OCTOBER 4TH

Upgrades (Friday, October 04, 2024)

  • C.H. Robinson (CHRW): UBS, Neutral >> Buy, Price Target: $100 >> $140
  • CVS Health (CVS): TD Cowen, Hold >> Buy, Price Target: $59 >> $85
  • Digital Realty Trust (DLR): HSBC Securities, Reduce >> Hold, Price Target: $124 >> $160
  • Equinix (EQIX): HSBC Securities, Hold >> Buy, Price Target: $865 >> $1000
  • Diamondback Energy (FANG): BMO Capital Markets, Market Perform >> Outperform, Price Target: $205 >> $215
  • Jacobs Solutions (J): Raymond James, Market Perform >> Outperform, Price Target: $160
  • Morgan Stanley (MS): HSBC Securities, Hold >> Buy, Price Target: $118
  • M&T Bank (MTB): Wolfe Research, Peer Perform >> Outperform, Price Target: $210
  • Williams Cos (WMB): Morgan Stanley, Equal-Weight >> Overweight, Price Target: $52 >> $58
  • BlackSky Technology (BKSY): Craig Hallum, Hold >> Buy, Price Target: $10

Downgrades (Friday, October 04, 2024)

  • argenx (ARGX): Deutsche Bank, Buy >> Hold
  • AZEK (AZEK): Loop Capital, Buy >> Hold, Price Target: $47
  • BHP Group (BHP): Jefferies, Buy >> Hold, Price Target: $72 >> $68
  • Chubb (CB): BofA Securities, Neutral >> Underperform, Price Target: $264 >> $275
  • Canadian Nat’l Rail (CNI): BofA Securities, Buy >> Neutral, Price Target: $129 >> $122
  • Dine Brands (DIN): Truist, Buy >> Hold, Price Target: $66 >> $37
  • GE Vernova (GEV): HSBC Securities, Buy >> Hold, Price Target: $240 >> $255
  • Gulfport Energy (GPOR): Evercore ISI, Outperform >> In-line, Price Target: $170
  • Hartford Financial (HIG): BofA Securities, Buy >> Neutral, Price Target: $113 >> $121
  • Li Auto (LI): Macquarie, Outperform >> Neutral, Price Target: $25 >> $33
  • Mobileye Global (MBLY): UBS, Buy >> Neutral, Price Target: $20 >> $14
  • PBF Energy (PBF): BMO Capital Markets, Outperform >> Market Perform, Price Target: $42 >> $35
  • SAGE Therapeutics (SAGE): RBC Capital Markets, Outperform >> Sector Perform, Price Target: $10 >> $4
  • Stellantis (STLA): RBC Capital Markets, Outperform >> Sector Perform
  • Warner Music Group (WMG): BofA Securities, Neutral >> Underperform, Price Target: $33 >> $30
  • Woodward (WWD): TD Cowen, Buy >> Hold, Price Target: $186 >> $160
  • Vermilion Energy (VET): BMO Capital Markets, Outperform >> Market Perform

Coverage Initiated (Friday, October 04, 2024)

  • ASP Isotopes (ASPI): Canaccord Genuity, Buy, Price Target: $4.5
  • aTyr Pharma (ATYR): Wells Fargo, Overweight, Price Target: $17
  • Curbline Properties (CURB): JP Morgan, Overweight, Price Target: $25
  • GFL Environmental (GFL): Scotiabank, Sector Outperform, Price Target: $50
  • iRhythm (IRTC): Goldman, Neutral, Price Target: $78
  • LivaNova (LIVN): Goldman, Buy, Price Target: $65
  • Lloyds Banking (LYG): Goldman, Neutral
  • Miniso Group (MNSO): Citigroup, Buy, Price Target: $26.8
  • NatWest Group plc (NWG): Goldman, Buy
  • Republic Services (RSG): Scotiabank, Sector Perform, Price Target: $224
  • Tandem Diabetes Care (TNDM): Goldman, Neutral, Price Target: $46
  • Waste Connections (WCN): Scotiabank, Sector Perform, Price Target: $196
  • Waste Management (WM): Scotiabank, Sector Perform, Price Target: $220
  • AXIS Capital (AXS): TD Cowen, Buy, Price Target: $118

OCTOBER 3RD

Upgrades (October 3, 2024)

  • BMW Group (BMWKY)
    • Brokerage Firm: Barclays
    • Ratings Change: Underweight to Equal Weight
  • EQT Corp. (EQT)
    • Brokerage Firm: Citigroup
    • Ratings Change: Neutral to Buy
    • Price Target: $37 to $44
  • EVgo Inc. (EVGO)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Neutral to Overweight
    • Price Target: $7
  • InvenTrust Properties (IVT)
    • Brokerage Firm: BofA Securities
    • Ratings Change: Neutral to Buy
    • Price Target: $30 to $33
  • RTX (RTX)
    • Brokerage Firm: Deutsche Bank
    • Ratings Change: Sell to Hold
    • Price Target: $109 to $129
  • Shoals Technologies (SHLS)
    • Brokerage Firm: Citigroup
    • Ratings Change: Sell to Neutral
    • Price Target: $5 to $5.5
  • Wolverine (WWW)
    • Brokerage Firm: Exane BNP Paribas
    • Ratings Change: Neutral to Outperform
    • Price Target: $22
  • Imperial Brands (IMBBY)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Equal-Weight to Overweight
  • EVgo Inc. (EVGO)
    • Brokerage Firm: TD Cowen
    • Ratings Change: Hold to Buy
    • Price Target: $5 to $7

Downgrades (October 3, 2024)

  • Academy Sports + Outdoors (ASO)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: Outperform to In-line
    • Price Target: $65 to $60
  • Blue Bird (BLBD)
    • Brokerage Firm: ROTH MKM
    • Ratings Change: Buy to Neutral
    • Price Target: $48
  • British American Tobacco (BTI)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight to Underweight
    • Price Target: $33
  • CoreCard Corporation (CCRD)
    • Brokerage Firm: B. Riley Securities
    • Ratings Change: Buy to Neutral
    • Price Target: $19 to $15
  • ChargePoint (CHPT)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight to Underweight
  • Infosys (INFY)
    • Brokerage Firm: Investec
    • Ratings Change: Hold to Sell
  • New Fortress Energy (NFE)
    • Brokerage Firm: Morgan Stanley
    • Ratings Change: Overweight to Equal-Weight
    • Price Target: $35 to $15
  • National Grid (NGG)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy to Neutral
  • Stellantis (STLA)
    • Brokerage Firm: Barclays
    • Ratings Change: Overweight to Equal Weight
  • Tractor Supply (TSCO)
    • Brokerage Firm: Evercore ISI
    • Ratings Change: Outperform to In-line
    • Price Target: $300
  • Voya Financial (VOYA)
    • Brokerage Firm: JP Morgan
    • Ratings Change: Overweight to Neutral
    • Price Target: $87
  • Wipro (WIT)
    • Brokerage Firm: Investec
    • Ratings Change: Hold to Sell
  • Wolfspeed (WOLF)
    • Brokerage Firm: Mizuho
    • Ratings Change: Neutral to Underperform
    • Price Target: $17 to $8
  • Nestle (NSRGY)
    • Brokerage Firm: Citigroup
    • Ratings Change: Buy to Neutral
  • Humana (HUM)
    • Brokerage Firm: Piper Sandler
    • Ratings Change: Overweight to Neutral
    • Price Target: $392 to $274
  • Bilibili (BILI)
    • Brokerage Firm: Daiwa Securities
    • Ratings Change: Outperform to Neutral

Coverage Initiated (October 3, 2024)

  • BridgeBio Pharma (BBIO)
    • Brokerage Firm: Oppenheimer
    • Ratings Change: Perform
  • Concentrix (CNXC)
    • Brokerage Firm: Robert W. Baird
    • Ratings Change: Outperform
    • Price Target: $70
  • Casella Waste (CWST)
    • Brokerage Firm: William Blair
    • Ratings Change: Outperform
  • Dianthus Therapeutics (DNTH)
    • Brokerage Firm: Oppenheimer
    • Ratings Change: Outperform
    • Price Target: $48
  • Enovis Corporation (ENOV)
    • Brokerage Firm: JMP Securities
    • Ratings Change: Market Outperform
    • Price Target: $62
  • nLIGHT (LASR)
    • Brokerage Firm: Cantor Fitzgerald
    • Ratings Change: Overweight
    • Price Target: $15.5
  • Ligand Pharma (LGND)
    • Brokerage Firm: Oppenheimer
    • Ratings Change: Outperform
    • Price Target: $135
  • Larimar Therapeutics (LRMR)
    • Brokerage Firm: Wedbush
    • Ratings Change: Outperform
    • Price Target: $22
  • Republic Services (RSG)
    • Brokerage Firm: William Blair
    • Ratings Change: Outperform
  • Sila Realty Trust (SILA)
    • Brokerage Firm: Janney
    • Ratings Change: Buy
    • Price Target: $28
  • Two Harbors Investment (TWO)
    • Brokerage Firm: Compass Point
    • Ratings Change: Buy
    • Price Target: $15.75
  • Verona Pharma (VRNA)
    • Brokerage Firm: Wells Fargo
    • Ratings Change: Overweight
    • Price Target: $50
  • Waste Management (WM)
    • Brokerage Firm: William Blair
    • Ratings Change: Outperform
  • South Bow Corporation (SOBO)
    • Brokerage Firm: RBC Capital Markets
    • Ratings Change: Outperform
  • South Bow Corporation (SOBO)
    • Brokerage Firm: National Bank Financial
    • Ratings Change: Sector Perform

OCTOBER 2:
Upgrades

  • Bank of Hawaii (BOH)
    • Brokerage: Keefe Bruyette
    • Rating: Underperform to Mkt Perform
    • Price Target: $60 to $67
  • Salesforce (CRM)
    • Brokerage: Northland Capital
    • Rating: Market Perform to Outperform
    • Price Target: $400
  • CVB Financial (CVBF)
    • Brokerage: Keefe Bruyette
    • Rating: Mkt Perform to Outperform
    • Price Target: $20 to $22
  • Diamondback Energy (FANG)
    • Brokerage: Barclays
    • Rating: Equal Weight to Overweight
    • Price Target: $216 to $210
  • Hanmi Financial (HAFC)
    • Brokerage: Keefe Bruyette
    • Rating: Mkt Perform to Outperform
    • Price Target: $20 to $22
  • Home Depot (HD)
    • Brokerage: Gordon Haskett
    • Rating: Accumulate to Buy
    • Price Target: $450
  • M&T Bank (MTB)
    • Brokerage: Evercore ISI
    • Rating: In-line to Outperform
    • Price Target: $187 to $210
  • Par Pacific (PARR)
    • Brokerage: JP Morgan
    • Rating: Neutral to Overweight
    • Price Target: $36 to $30
  • Rio Tinto (RIO)
    • Brokerage: Berenberg
    • Rating: Hold to Buy
  • Range Resources (RRC)
    • Brokerage: Barclays
    • Rating: Underweight to Equal Weight
    • Price Target: $35 to $34
  • Science Applications (SAIC)
    • Brokerage: JP Morgan
    • Rating: Neutral to Overweight
    • Price Target: $150 to $170
  • Sphere Entertainment Co. (SPHR)
    • Brokerage: Wolfe Research
    • Rating: Peer Perform to Outperform
    • Price Target: $60
  • Tompkins Finl (TMP)
    • Brokerage: Keefe Bruyette
    • Rating: Mkt Perform to Outperform
    • Price Target: $59 to $68
  • Towne Bank (TOWN)
    • Brokerage: Keefe Bruyette
    • Rating: Mkt Perform to Outperform
    • Price Target: $35 to $40
  • Emcore (EMKR)
    • Brokerage: Craig Hallum
    • Rating: Hold to Buy
    • Price Target: $3
  • COSCO SHIPPING Holdings (CICOF)
    • Brokerage: Goldman
    • Rating: Sell to Neutral
  • British Land (BTLCY)
    • Brokerage: Deutsche Bank
    • Rating: Hold to Buy
  • Engie SA (ENGIY)
    • Brokerage: BofA Securities
    • Rating: Underperform to Neutral
  • Man Group (MNGPF)
    • Brokerage: Deutsche Bank
    • Rating: Hold to Buy
  • Daqo New Energy (DQ)
    • Brokerage: HSBC Securities
    • Rating: Hold to Buy
  • Telefonica S.A. (TEF)
    • Brokerage: HSBC Securities
    • Rating: Reduce to Hold

Downgrades

  • Booz Allen Hamilton (BAH)
    • Brokerage: JP Morgan
    • Rating: Neutral to Underweight
    • Price Target: $154 to $158
  • Charles River (CRL)
    • Brokerage: BofA Securities
    • Rating: Buy to Neutral
    • Price Target: $250 to $215
  • Esquire Financial (ESQ)
    • Brokerage: Keefe Bruyette
    • Rating: Outperform to Mkt Perform
    • Price Target: $68 to $72
  • First Mid-Illinois Bancshares (FMBH)
    • Brokerage: Keefe Bruyette
    • Rating: Outperform to Mkt Perform
  • GE Vernova (GEV)
    • Brokerage: Raymond James
    • Rating: Outperform to Mkt Perform
  • Harley-Davidson (HOG)
    • Brokerage: Robert W. Baird
    • Rating: Outperform to Neutral
    • Price Target: $44 to $40
  • IBM (IBM)
    • Brokerage: DZ Bank
    • Rating: Buy to Hold
    • Price Target: $215
  • Mobileye Global (MBLY)
    • Brokerage: Exane BNP Paribas
    • Rating: Neutral to Underperform
    • Price Target: $12
  • Shattuck Labs (STTK)
    • Brokerage: Needham
    • Rating: Buy to Hold
  • MercadoLibre (MELI)
    • Brokerage: JP Morgan
    • Rating: Overweight to Neutral
    • Price Target: $2400
  • Bank of N.T. Butterfield & Son (NTB)
    • Brokerage: Keefe Bruyette
    • Rating: Outperform to Mkt Perform
    • Price Target: $44 to $41
  • PBF Energy (PBF)
    • Brokerage: JP Morgan
    • Rating: Overweight to Neutral
    • Price Target: $53 to $40
  • Primo Water (PRMW)
    • Brokerage: Raymond James
    • Rating: Outperform to Mkt Perform
  • PVH (PVH)
    • Brokerage: BofA Securities
    • Rating: Buy to Neutral
    • Price Target: $130 to $107
  • SITE Centers (SITC)
    • Brokerage: Wells Fargo
    • Rating: Overweight to Equal Weight
    • Price Target: $19
  • Shattuck Labs (STTK)
    • Brokerage: Citigroup
    • Rating: Buy to Neutral
    • Price Target: $8 to $2
  • Tempus AI (TEM)
    • Brokerage: BofA Securities
    • Rating: Buy to Neutral
    • Price Target: $45 to $60
  • T-Mobile US (TMUS)
    • Brokerage: Raymond James
    • Rating: Strong Buy to Outperform
    • Price Target: $208 to $221
  • ZIM Integrated Shipping (ZIM)
    • Brokerage: Jefferies
    • Rating: Buy to Hold
    • Price Target: $25
  • Kellanova (K)
    • Brokerage: Argus
    • Rating: Buy to Hold
  • Humana (HUM)
    • Brokerage: Stephens
    • Rating: Overweight to Equal-Weight
    • Price Target: $400 to $250
  • Bureau Veritas Registre (BVRDF)
    • Brokerage: JP Morgan
    • Rating: Overweight to Neutral
  • Humana (HUM)
    • Brokerage: Leerink Partners
    • Rating: Outperform to Market Perform
    • Price Target: $400 to $250
  • Agilon Health (AGL)
    • Brokerage: BofA Securities
    • Rating: Buy to Underperform
    • Price Target: $3
  • Humana (HUM)
    • Brokerage: BofA Securities
    • Rating: Neutral to Underperform
    • Price Target: $376 to $247

OCTOBER 1:

Upgrades

  • Becton Dickinson (BDX): Citigroup upgraded from Neutral to Buy; price target increased from $255 to $275.
  • Bio-Rad Labs (BIO): Citigroup upgraded from Neutral to Buy; price target increased from $350 to $400.
  • Anheuser-Busch InBev (BUD): Citigroup upgraded from Neutral to Buy.
  • Clorox (CLX): Jefferies upgraded from Hold to Buy; price target raised from $174 to $187.
  • CareTrust REIT (CTRE): Wells Fargo upgraded from Equal Weight to Overweight; price target raised from $28 to $34.
  • Datadog (DDOG): DA Davidson upgraded from Neutral to Buy; price target raised from $115 to $140.
  • Ford Motor (F): Goldman upgraded from Neutral to Buy; price target raised from $12 to $13.
  • Roku (ROKU): MoffettNathanson upgraded from Sell to Neutral; no price target provided.
  • Range Resources (RRC): Wells Fargo upgraded from Equal Weight to Overweight; price target increased from $35 to $39.
  • Sabra Health Care REIT (SBRA): Wells Fargo upgraded from Equal Weight to Overweight; price target increased from $16 to $20.
  • Atlassian (TEAM): Raymond James upgraded from Market Perform to Outperform; no price target provided.
  • TTEC Holdings (TTEC): Guggenheim upgraded from Sell to Neutral.
  • Ventas (VTR): Wells Fargo upgraded from Equal Weight to Overweight; price target raised from $61 to $71.
  • Alcoa (AA): BofA Securities upgraded from Neutral to Buy; price target raised from $43 to $52.
  • Steel Dynamics (STLD): BofA Securities upgraded from Neutral to Buy; price target raised from $140 to $155.
  • Coherent (COHR): Susquehanna upgraded from Neutral to Positive; no price target provided.
  • Dine Brands (DIN): Wedbush upgraded from Neutral to Outperform; price target raised from $34 to $47.

Downgrades

  • Antero Resources (AR): Wells Fargo downgraded from Overweight to Underweight; price target decreased from $34 to $25.
  • Popular (BPOP): Wells Fargo downgraded from Overweight to Equal Weight; price target decreased from $115 to $105.
  • CDW (CDW): Citigroup downgraded from Buy to Neutral; price target decreased from $250 to $245.
  • Charles River (CRL): Citigroup downgraded from Neutral to Sell; price target decreased from $215 to $175.
  • First Interstate Bancsystem (FIBK): Wells Fargo downgraded from Equal Weight to Underweight; price target decreased from $30 to $28.
  • Fluence (FLNC): Citigroup downgraded from Buy to Neutral; price target decreased from $32 to $24.
  • Fastly (FSLY): Raymond James downgraded from Strong Buy to Market Perform.
  • General Dynamics (GD): Wells Fargo downgraded from Overweight to Equal Weight; price target decreased from $334 to $317.
  • Gritstone bio (GRTS): JMP Securities downgraded from Market Outperform to Market Perform.
  • Hologic (HOLX): Citigroup downgraded from Buy to Neutral; price target decreased from $95 to $85.
  • HP Inc. (HPQ): Citigroup downgraded from Buy to Neutral; price target decreased from $37 to $35.
  • IGM Biosciences (IGMS): Truist downgraded from Buy to Hold; price target decreased from $24 to $12.
  • IGM Biosciences (IGMS): JP Morgan downgraded from Neutral to Underweight; price target decreased from $12 to $9.
  • Interpublic (IPG): JP Morgan downgraded from Overweight to Neutral; price target decreased from $36 to $33.
  • Magnolia Oil & Gas (MGY): Wells Fargo downgraded from Equal Weight to Underweight; price target decreased from $26 to $22.
  • National Health (NHI): Wells Fargo downgraded from Overweight to Equal Weight; price target increased from $81 to $86.
  • PagSeguro Digital (PAGS): Itau BBA downgraded from Outperform to Market Perform.
  • Pinnacle Finl (PNFP): Wells Fargo downgraded from Overweight to Equal Weight; price target unchanged at $100.
  • Kering SA (PPRUY): Goldman downgraded from Neutral to Sell.
  • Synovus (SNV): Wells Fargo downgraded from Overweight to Equal Weight.
  • Aptiv (APTV): Fox Advisors downgraded from Overweight to Equal Weight.
  • EchoStar (SATS): Raymond James downgraded from Strong Buy to Market Perform.
  • New Fortress Energy (NFE): Deutsche Bank downgraded from Hold to Sell; price target decreased from $21 to $7.6.
  • Highwoods Prop (HIW): Deutsche Bank downgraded from Buy to Hold; price target unchanged at $35.
  • Franco-Nevada (FNV): BofA Securities downgraded from Buy to Neutral; price target decreased from $142 to $139.
  • MaxLinear (MXL): Susquehanna downgraded from Positive to Neutral; no price target provided.
  • Brinker (EAT): Argus downgraded from Buy to Hold.
  • TFI International (TFII): Stephens downgraded from Overweight to Equal-Weight; price target decreased from $176 to $149.
  • Walt Disney (DIS): Raymond James downgraded from Outperform to Market Perform.
  • CNX Resources (CNX): Tudor, Pickering, Holt & Co. downgraded from Hold to Sell.
  • Shattuck Labs (STTK): H.C. Wainwright downgraded from Buy to Neutral.

Coverage Initiated

  • Equifax (EFX): UBS initiated with a Buy rating; price target set at $360.
  • Epsilon Energy (EPSN): ROTH MKM initiated with a Buy rating; price target set at $7.
  • Fair Isaac (FICO): UBS initiated with a Neutral rating; price target set at $2100.
  • Alphabet (GOOG): Pivotal Research Group initiated with a Buy rating; price target set at $215.
  • Incyte (INCY): Wolfe Research initiated with an Outperform rating; price target set at $84.
  • LCI Industries (LCII): Raymond James initiated with a Market Perform rating; no price target provided.
  • Neumora Therapeutics (NMRA): H.C. Wainwright initiated with a Buy rating; price target set at $30.
  • Xenon Pharmaceuticals (XENE): H.C. Wainwright initiated with a Buy rating; price target set at $53.
  • Meta Platforms (META): Pivotal Research Group initiated with a Buy rating; price target set at $780.
  • Labcorp Holdings Inc. (LH): Piper Sandler initiated with a Neutral rating; price target set at $235.
  • LATAM Airlines (LTM): Morgan Stanley initiated with an Overweight rating; price target set at $40.
  • Patrick Industries (PATK): Raymond James initiated with an Outperform rating; price target set at $160.
  • TransUnion (TRU): UBS initiated with a Neutral rating; price target set at $110.
  • Perspective Therapeutics (CATX): Wedbush initiated with an Outperform rating; price target set at $25.
  • Danaher (DHR): Stephens initiated with an Overweight rating; price target set at $315.
  • Euronet (EEFT): Oppenheimer initiated with an Outperform rating; price target set at $121.
  • Shift4 Payments (FOUR): Oppenheimer initiated with an Outperform rating; price target set at $109.
  • MoneyLion (ML): Oppenheimer initiated with a Perform rating; no price target provided.
  • Pagaya (PGY): Oppenheimer initiated with an Outperform rating; price target set at $12.
  • Thermo Fisher (TMO): Stephens initiated with an Overweight rating; price target set at $680.
  • SharkNinja (SN): Oppenheimer initiated with an Outperform rating; price target set at $120.
  • Clearway Energy (CWEN): Exane BNP Paribas initiated with an Outperform rating; price target set at $36.
  • NextEra Energy Partners (NEP): Exane BNP Paribas initiated with an Underperform rating; price target set at $15.
  • Snowflake (SNOW): Argus initiated with a Hold rating; no price target provided.

SEPTEMBER 30:

Upgrades

  • Accenture (ACN): TD Cowen upgraded from Hold to Buy, price target raised from $321 to $400.
  • Amerant Bancorp (AMTB): Piper Sandler upgraded from Neutral to Overweight, price target remains at $26.5.
  • Brookfield Renewable Partners (BEP): UBS upgraded from Neutral to Buy, price target raised from $24 to $31.
  • Brown-Forman (BF.B): Barclays upgraded from Equal Weight to Overweight, price target raised from $43 to $53.
  • BlackLine (BL): Morgan Stanley upgraded from Equal-Weight to Overweight, price target raised from $60 to $70.
  • Cadence Bank (CADE): Morgan Stanley upgraded from Equal-Weight to Overweight, price target raised from $36 to $39.
  • Walt Disney (DIS): Seaport Research Partners upgraded from Neutral to Buy, no price target provided.
  • Hess (HES): Wolfe Research upgraded from Peer Perform to Outperform, price target remains at $150.
  • U.S. Bancorp (USB): Morgan Stanley upgraded from Equal-Weight to Overweight, price target raised from $54 to $57.
  • Westlake Corporation (WLK): Barclays upgraded from Equal Weight to Overweight, price target raised from $162 to $180.
  • Zions Bancorp (ZION): Morgan Stanley upgraded from Underweight to Equal-Weight, price target remains at $54.
  • TC Energy (TRP): UBS upgraded from Neutral to Buy, no price target provided.

Downgrades

  • Bruker (BRKR): Wolfe Research downgraded from Outperform to Peer Perform.
  • Commerce Bancshares (CBSH): Morgan Stanley downgraded from Overweight to Equal-Weight, price target lowered from $66 to $64.
  • Charter Comm (CHTR): Wolfe Research downgraded from Peer Perform to Underperform, no price target provided.
  • Enbridge (ENB): Jefferies downgraded from Buy to Hold.
  • Freeport-McMoRan (FCX): Scotiabank downgraded from Sector Outperform to Sector Perform, price target remains at $52.
  • Frontier Communications Parent (FYBR): Wolfe Research downgraded from Outperform to Peer Perform.
  • Interpublic (IPG): Exane BNP Paribas downgraded from Neutral to Underperform.
  • JPMorgan Chase (JPM): Morgan Stanley downgraded from Overweight to Equal-Weight, price target slightly raised from $220 to $224.
  • Procter & Gamble (PG): Barclays downgraded from Overweight to Equal Weight, price target remains at $163.
  • EnLink Midstream (ENLC): UBS downgraded from Buy to Neutral, price target remains at $16.

Coverage Initiated

  • BioLife Solutions (BLFS): H.C. Wainwright initiated with a Buy rating, price target at $29.
  • Crescent Capital BDC (CCAP): Ladenburg Thalmann initiated with a Buy rating, price target at $20.
  • Celldex Therapeutics (CLDX): Goldman initiated with a Neutral rating, price target at $45.
  • Horizon Bancorp (HBNC): Hovde Group initiated with an Outperform rating, price target at $18.
  • Navient (NAVI): BofA Securities initiated with a Neutral rating, price target at $17.
  • Permian Resources (PR): Goldman initiated with a Buy rating, price target at $19.
  • ProKidney Corp. (PROK): JP Morgan initiated with a Neutral rating, no price target provided.
  • Skye Bioscience (SKYE): Scotiabank initiated with a Sector Outperform rating, price target at $20.
  • Tenax Therapeutics (TENX): William Blair initiated with an Outperform rating.
  • Verastem (VSTM): Guggenheim initiated with a Buy rating, price target at $13.
  • Klaviyo (KVYO): The Benchmark Company initiated with a Buy rating, price target at $42.
  • OSI Systems (OSIS): BofA Securities initiated with a Buy rating, price target at $175.