This report was sent to Briefing.com subscribers earlier today. https://briefing.com
Research calls posted earlier this morning are available here.
Upgrades:
> Albemarle (ALB) upgraded to Buy from Hold at Vertical Research; tgt $275
> Amplitude (AMPL) upgraded to Buy from Neutral at BofA Securities; tgt $20
> Assa Abloy (ASAZY) upgraded to Outperform from Mkt Perform at Bernstein
> BNY Mellon (BK) upgraded to Buy from Neutral at Goldman; tgt $59
> BNY Mellon (BK) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $60
> Charles Schwab (SCHW) upgraded to Buy from Neutral at Goldman; tgt $98
> Chart Industries (GTLS) upgraded to Strong Buy from Mkt Perform at Raymond James; tgt $160
> Corning (GLW) upgraded to Outperform from Neutral at Credit Suisse; tgt $36
> CS Disco (LAW) upgraded to Buy from Hold at Canaccord Genuity; tgt $12
> Dassault Systemes (DASTY) upgraded to Mkt Perform from Underperform at Bernstein
> Hayward Holdings (HAYW) upgraded to Buy from Hold at Jefferies; tgt raised to $15
> Heineken (HEINY) upgraded to Equal Weight from Underweight at Barclays
> JFrog (FROG) upgraded to Buy from Neutral at BofA Securities; tgt raised to $32
> Legrand SA (LGRDY) upgraded to Outperform from Mkt Perform at Bernstein
> Livent (LTHM) upgraded to Buy from Hold at Vertical Research; tgt $30
> Maxeon Solar (MAXN) upgraded to Outperform from Mkt Perform at Raymond James; tgt $22
> Merck (MRK) upgraded to Buy from Neutral at BofA Securities; tgt raised to $130
> NextEra Energy Partners (NEP) upgraded to Mkt Perform from Underperform at Raymond James
> NOV Inc. (NOV) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $24
> O-I Glass (OI) upgraded to Buy from Neutral at Citigroup; tgt raised to $22
> PowerSchool (PWSC) upgraded to Buy from Neutral at BofA Securities; tgt raised to $32
> Schneider Electric (SBGSY) upgraded to Outperform from Mkt Perform at Bernstein
> Siemens AG (SIEGY) upgraded to Mkt Perform from Underperform at Bernstein
> Stratasys (SSYS) upgraded to Buy from Hold at Needham; tgt $15
> Trane (TT) upgraded to Buy from Neutral at UBS; tgt raised to $200
> TransUnion (TRU) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt lowered to $78
> Veeva Systems (VEEV) upgraded to Overweight from Equal Weight at Barclays; tgt $205
> Vornado Rlty Trust (VNO) upgraded to Neutral from Underperform at Mizuho; tgt lowered to $23
Downgrades:
> ADS-TEC Energy GmbH (ADSE) downgraded to Mkt Perform from Strong Buy at Raymond James
> Air Products (APD) downgraded to Hold from Buy at Vertical Research; tgt $328
> Aviva (AVVIY) downgraded to Mkt Perform from Outperform at Bernstein
> BigCommerce (BIGC) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $11
> Boston Beer Co (SAM) downgraded to Underperform from Hold at Jefferies; tgt lowered to $275
> C.H. Robinson (CHRW) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $95
> C.H. Robinson (CHRW) downgraded to Sell from Neutral at UBS; tgt lowered to $81
> CS Disco (LAW) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $5
> Eagle Bancorp Montana (EBMT) downgraded to Market Perform from Outperform at Hovde Group
> Enfusion (ENFN) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $10
> First Bancshares (FBMS) downgraded to Market Perform from Outperform at Hovde Group; tgt $35
> First Western (MYFW) downgraded to Market Perform from Outperform at Hovde Group; tgt $30
> Forward Air (FWRD) downgraded to Hold from Buy at Jefferies; tgt $110
> Freshworks (FRSH) downgraded to Hold from Buy at Canaccord Genuity; tgt $15
> Goldman Sachs (GS) downgraded to Peer Perform from Outperform at Wolfe Research
> Honeywell (HON) downgraded to Sell from Buy at UBS; tgt lowered to $193
> Hub Group (HUBG) downgraded to Neutral from Buy at UBS
> Hubbell (HUBB) downgraded to Sell from Neutral at UBS; tgt lowered to $225
> Independence Realty Trust (IRT) downgraded to Hold from Buy at Deutsche Bank; tgt lowered to $19
> Invitation Homes (INVH) downgraded to Hold from Buy at Deutsche Bank; tgt lowered to $34
> J.B. Hunt Transport (JBHT) downgraded to Sell from Neutral at UBS
> KBC Group SA (KBCSY) downgraded to Underperform from Neutral at Exane BNP Paribas
> Kimberly-Clark (KMB) downgraded to Hold from Buy at Jefferies; tgt raised to $139
> Microsoft (MSFT) downgraded to Neutral from Buy at UBS; tgt lowered to $250
> Morgan Stanley (MS) downgraded to Underperform from Outperform at Wolfe Research; tgt $92
> National Beverage (FIZZ) downgraded to Underperform from Hold at Jefferies; tgt lowered to $38
> Norfolk Southern (NSC) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $245
> Northern Trust (NTRS) downgraded to Neutral from Buy at Goldman; tgt lowered to $95
> Overstock.com (OSTK) downgraded to Hold from Buy at Needham
> Pfizer (PFE) downgraded to Neutral from Buy at BofA Securities; tgt $60
> Rapid7 (RPD) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $37
> Retail Opportunity Investments (ROIC) downgraded to Mkt Perform from Outperform at Raymond James
> RPT Realty (RPT) downgraded to Hold from Buy at Deutsche Bank; tgt lowered to $12
> Saul Centers (BFS) downgraded to Mkt Perform from Outperform at Raymond James
> Sealed Air (SEE) downgraded to Neutral from Buy at Citigroup; tgt $51
> Seer (SEER) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $6.50
> Shaw Comms (SJR) downgraded to Sector Perform from Outperform at National Bank Financial
> SL Green Realty (SLG) downgraded to Hold from Buy at Deutsche Bank; tgt $32
> SM Energy (SM) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $46
> SmartFinancial (SMBK) downgraded to Market Perform from Outperform at Hovde Group; tgt $31
> Target (TGT) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $142
> Vera Therapeutics (VERA) downgraded to Neutral from Outperform at Wedbush; tgt lowered to $8
> Xylem (XYL) downgraded to Underperform from Mkt Perform at Raymond James
> ZoomInfo (ZI) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $34
Others:
> Alphabet A (GOOGL) initiated with a Buy at New Street; tgt $118
> CyberArk (CYBR) initiated with a Neutral at SMBC Nikko; tgt $145
> First Republic Bank (FRC) added to Tactical Underperform List at Evercore ISI; tgt raised to $140
> Icosavax (ICVX) initiated with an Outperform at Oppenheimer; tgt $27
> Just Eat Takeaway.com N.V. (GRUB) resumed with an Equal-Weight at Morgan Stanley
> Karat Packaging (KRT) initiated with a Buy at Lake Street; tgt $22
> Match Group (MTCH) initiated with a Buy at New Street; tgt $54
> Meta Platforms (META) initiated with a Buy at New Street; tgt $145
> Netflix (NFLX) initiated with a Neutral at New Street; tgt $304
> Nucor (NUE) resumed with a Buy at BofA Securities; tgt $172
> Okta (OKTA) initiated with an Outperform at SMBC Nikko; tgt $90
> Phreesia (PHR) named Digital Health top pick for 2023 at Needham; tgt raised to $40
> Poseida Therapeutics (PSTX) initiated with a Buy at H.C. Wainwright; tgt $15
> RAPT Therapeutics (RAPT) initiated with a Buy at Guggenheim; tgt $55
> Reliance Steel (RS) resumed with a Neutral at BofA Securities; tgt $231
> Snap (SNAP) initiated with a Buy at New Street; tgt $12
> State Street (STT) resumed with a Neutral at New Street; tgt $87
> Steel Dynamics (STLD) resumed with a Buy at BofA Securities; tgt $121
> Telia (TLSNY) initiated with a Sell at Citigroup
> The Trade Desk (TTD) initiated with a Neutral at New Street; tgt $43
> Truist (TFC) placed on Negative 30-day Catalyst Watch at Citigroup
> U.S. Steel (X) resumed with an Underperform at BofA Securities; tgt $24
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