This report was sent to Briefing.com subscribers earlier today.
Research calls posted earlier this morning are available here.
Upgrades:
> Arkema S.A. (ARKAY) upgraded to Neutral from Sell at UBS
> Compagnie Financiere Richemont (CFRUY) upgraded to Buy from Hold at HSBC Securities
> Deutsche Lufthansa AG (DLAKY) upgraded to Buy from Hold at HSBC Securities
> Emerson (EMR) upgraded to Buy from Neutral at UBS; tgt lowered to $97
> Enerflex (EFXT) upgraded to Outperform from Sector Perform at RBC Capital Mkts
> HashiCorp (HCP) upgraded to Buy from Hold at Needham; tgt $39
> iQIYI (IQ) upgraded to Buy from Neutral at Goldman; tgt $10
> KingFisher plc (KGFHY) upgraded to Buy from Hold at Jefferies
> LVMH (LVMUY) upgraded to Buy from Hold at HSBC Securities
> Monster Beverage (MNST) upgraded to Buy from Neutral at Redburn; tgt $120
> REV Group (REVG) upgraded to Outperform from Neutral at Robert W. Baird; tgt $16
> Ternium S.A. (TX) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $52
> Tesco PLC (TSCDY) upgraded to Buy from Hold at Jefferies
Downgrades:
> Allied Motion (AMOT) downgraded to Market Perform from Outperform at Northland Capital; tgt $45
> D.R. Horton (DHI) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $102.50
> Energy Vault (NRGV) downgraded to Neutral from Buy at Guggenheim
> Euronav (EURN) downgraded to Hold from Buy at Deutsche Bank; tgt raised to $20
> Healthcare Realty (HR) downgraded to Neutral from Outperform at Credit Suisse; tgt lowered to $20
> Intercontinental Hotels Group (IHG) downgraded to Equal Weight from Overweight at Barclays
> Meyer Burger Tech. (MYBUF) downgraded to Neutral from Outperform at Exane BNP Paribas
> Reckitt Benckiser (RBGLY) downgraded to Hold from Buy at Deutsche Bank
> RH (RH) downgraded to Hold from Buy at Jefferies; tgt $298
> Silvergate Capital (SI) downgraded to Sell from Neutral at Compass Point
> Sprouts Farmers Market (SFM) downgraded to Hold from Buy at R5 Capital
> Telefonica Deutschland (TELDF) downgraded to Neutral from Buy at Citigroup
Others:
> Avid Tech (AVID) initiated with a Buy at Truist; tgt $45
> Bristol-Myers (BMY) initiated with a Hold at Jefferies; tgt $62
> Chinook Therapeutics (KDNY) initiated with an Overweight at Piper Sandler; tgt $41
> Dover (DOV) placed on 90-day Catalyst Watch at Citigroup; tgt raised to $84
> Eli Lilly (LLY) initiated with a Hold at Jefferies; tgt $290
> General Electric (GE) assumed with a Neutral at JP Morgan; tgt $88
> Merck (MRK) initiated with a Buy at Jefferies; tgt $125
> Nextracker (NXT) initiated with a Buy at Mizuho; tgt $40
> Nextracker (NXT) initiated with a Buy at ROTH MKM; tgt $45
> Nextracker (NXT) initiated with a Buy at Truist; tgt $40
> Nextracker (NXT) initiated with a Neutral at BofA Securities; tgt $36
> Nextracker (NXT) initiated with a Neutral at Citigroup; tgt $36
> Nextracker (NXT) initiated with a Sector Outperform at Scotiabank
> Nextracker (NXT) initiated with a Sector Weight at KeyBanc Capital Markets
> Nextracker (NXT) initiated with an Outperform at Exane BNP Paribas
> Nextracker (NXT) initiated with an Overweight at Barclays; tgt $42
> Nextracker (NXT) initiated with an Overweight at JP Morgan; tgt $42
> Pfizer (PFE) initiated with a Hold at Jefferies; tgt $43
> SolarEdge Technologies (SEDG) initiated with a Sector Weight at KeyBanc Capital Markets
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