Various
Analyst Upgrades and Downgrades For the Week of September 30th
Analyst upgrades, downgrades, and more
By Justin Nugent · September 30, 2024
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.
