This report was sent to Briefing.com subscribers earlier today.
Research calls posted earlier this morning are available here.
Upgrades:
> Cielo SA (CIOXY) upgraded to Buy from Neutral at Citigroup
> Essential Utilities (WTRG) upgraded to Buy from Neutral at UBS; tgt raised to $55
> Lloyds Banking (LYG) upgraded to Overweight from Equal Weight at Barclays
> LyondellBasell (LYB) upgraded to Outperform from Underperform at Credit Suisse; tgt $109
> Personalis (PSNL) upgraded to Buy from Hold at Needham
> Rogers Comms (RCI) upgraded to Buy from Neutral at UBS
> Spotify (SPOT) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $180
> Spotify (SPOT) upgraded to Overweight from Neutral at Atlantic Equities; tgt $160
> Splunk (SPLK) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $130
Downgrades:
> AGNC Investment (AGNC) downgraded to Hold from Buy at Argus
> Brookfield Business Partners (BBU) downgraded to Hold from Buy at Industrial Alliance
> Brookfield Corp. (BN) downgraded to Neutral from Outperform at Credit Suisse; tgt lowered to $41
> Brookfield Renewable Partners (BEP) downgraded to Hold from Buy at Industrial Alliance
> Corsair Gaming (CRSR) downgraded to Neutral from Outperform at Wedbush; tgt $17
> IBM (IBM) downgraded to Hold from Buy at Edward Jones
> Insight Enterprises (NSIT) downgraded to Neutral from Buy at Sidoti; tgt $127
> Lyft (LYFT) downgraded to Hold from Buy at Gordon Haskett
> National Fuel Gas (NFG) downgraded to Mkt Perform from Outperform at Raymond James
> NatWest Group plc (NWG) downgraded to Equal Weight from Overweight at Barclays
> PagSeguro Digital (PAGS) downgraded to Neutral from Buy at Citigroup; tgt lowered to $12
> PayPal (PYPL) downgraded to Mkt Perform from Outperform at Raymond James
> Pool (POOL) downgraded to Hold from Buy at Stifel; tgt raised to $360
> Rent-A-Center (RCII) downgraded to Hold from Buy at Loop Capital; tgt $30
> RH (RH) downgraded to Market Perform from Outperform at Telsey Advisory Group; tgt $330
> Seagen (SGEN) downgraded to Market Perform from Outperform at SVB Securities; tgt lowered to $141
> Shopify (SHOP) downgraded to Sell from Hold at DZ Bank
> SLR Capital Partners (SLRC) downgraded to Neutral from Buy at Compass Point; tgt $15.75
> Southwestern Energy (SWN) downgraded to Mkt Perform from Outperform at Raymond James
> STAAR Surgical (STAA) downgraded to Neutral from Buy at BTIG Research
> T-Mobile US (TMUS) downgraded to Market Perform from Outperform at MoffettNathanson; tgt $174
> Vale S.A. (VALE) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $15
> Virtus Investment Partners (VRTS) downgraded to Neutral from Overweight at Piper Sandler; tgt $248
> Winnebago (WGO) downgraded to Neutral from Buy at Northcoast
Others:
> BridgeBio Pharma (BBIO) initiated with an Outperform at Cowen
> Marriott Vacations (VAC) initiated with a Neutral at BofA Securities; tgt $180
> Meyer Burger Tech. (MYBUF) initiated with a Buy at Goldman
> Newegg Commerce (NEGG) initiated with an Outperform at Noble Capital Markets; tgt $3.50
> Outlook Therapeutics (OTLK) initiated with an Overweight at Cantor Fitzgerald; tgt $4
> Rexford Industrial Realty (REXR) initiated with an Outperform at BMO Capital Markets; tgt $77
> STAG Industrial (STAG) initiated with an Outperform at BMO Capital Markets; tgt $41