This report was sent to Briefing.com subscribers earlier today.
Upgrades:
> Banco Santander (SAN) upgraded to Outperform from Neutral at Exane BNP Paribas
> DoubleVerify (DV) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $30
> Enphase Energy (ENPH) upgraded to Positive from Neutral at Susquehanna; tgt $275
> Knight-Swift (KNX) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $65
> Krispy Kreme, Inc. (DNUT) upgraded to Buy from Hold at Truist; tgt raised to $20
> Meta Platforms (META) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $240
> NIKE (NKE) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $154
> PulteGroup (PHM) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $64
> Rentokil (RTO) upgraded to Neutral from Underperform at Exane BNP Paribas
> Roper (ROP) upgraded to Neutral from Underweight at JP Morgan; tgt raised to $420
> Ross Stores (ROST) upgraded to Buy from Hold at Loop Capital; tgt raised to $115
> Semtech (SMTC) upgraded to Buy from Neutral at B. Riley Securities; tgt raised to $52
> So-Young International (SY) upgraded to Buy from Neutral at Citigroup; tgt raised to $3
> Spotify (SPOT) upgraded to Buy from Neutral at Guggenheim; tgt raised to $155
> Transocean (RIG) upgraded to Buy from Neutral at Compass Point; tgt $7.50
> Warner Music Group (WMG) upgraded to Buy from Neutral at Guggenheim; tgt raised to $36
Downgrades:
> Altimmune (ALT) downgraded to Neutral from Buy at Goldman; tgt lowered to $6
> Antero Resources (AR) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt lowered to $28
> Apple Hospitality REIT (APLE) downgraded to Neutral from Buy at Compass Point; tgt lowered to $17
> Con Edison ((ED) upgraded to Buy from Hold at Argus; tgt $104
> Cyxtera Technologies (CYXT) downgraded to Mkt Perform from Outperform at Raymond James
> D.R. Horton (DHI) downgraded to Peer Perform from Outperform at Wolfe Research
> Host Hotels (HST) downgraded to Neutral from Buy at Compass Point; tgt lowered to $18
> Invitation Homes (INVH) downgraded to Neutral from Buy at Mizuho; tgt lowered to $32
> Luminar Technologies (LAZR) downgraded to Sell from Neutral at Goldman; tgt $5
> Sunstone Hotel (SHO) downgraded to Sell from Neutral at Compass Point; tgt lowered to $9
> Wipro (WIT) downgraded to Underperform from Mkt Perform at Bernstein; tgt lowered to $3.90
Others:
> Academy Sports + Outdoors (ASO) initiated with an Outperform at Robert W. Baird; tgt $80
> ChargePoint (CHPT) resumed with a Neutral at Goldman; tgt $10
> EPR Properties (EPR) initiated with a Mkt Perform at JMP Securities
> Live Nation (LYV) initiated with a Neutral at ROTH MKM
> MoonLake Immunotherapeutics (MLTX) initiated with an Outperform at Wedbush; tgt $33
> New York Community (NYCB) resumed with a Strong Buy at Raymond James; tgt $13
> Open Text (OTEX) resumed with an Equal Weight at Barclays; tgt $41
> Procore Technologies (PCOR) initiated with a Buy at DA Davidson; tgt $72
> Tricon Residential (TCN) initiated with a Buy at Mizuho; tgt $9
> Verrica Pharmaceuticals (VRCA) initiated with a Buy at Jefferies; tgt $10
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