Opening Bell Analysts Research Calls for Wednesday, April 5

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By Paul Ausick Published
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Opening Bell Analysts Research Calls for Wednesday, April 5

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This report was sent to Briefing.com subscribers earlier today. 

Research calls posted earlier this morning are available here

Upgrades:

> Commercial Metals (CMC) upgraded to Buy from Neutral at BofA Securities; tgt raised to $60

> H&M (HNNMY) upgraded to Equal-Weight from Underweight at Morgan Stanley

> Meta Platforms (META) upgraded to Buy from Hold at Argus; tgt $270

> Outotec Oyj (OUKPF) upgraded to Buy from Neutral at Citigroup

> Secure Energy Services (SECYF) upgraded to Outperform from Sector Perform at National Bank Financial

> Wartsila (WRTBY) upgraded to Overweight from Equal-Weight at Morgan Stanley

Downgrades:

> AbbVie (ABBV) downgraded to Hold from Buy at Argus

> Assa Abloy (ASAZY) downgraded to Sell from Neutral at Citigroup

> Kinross Gold (KGC) downgraded to Underperform from Buy at BofA Securities; tgt $4.70

> Steel Dynamics (STLD) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $123

Others:

> Aker Solutions (AKRTF) initiated with an Outperform at RBC Capital Mkts

> Arhaus (ARHS) initiated with an Outperform at TD Cowen; tgt $11

> Ascendis Pharma (ASND) removed from Focus List at Citigroup; tgt lowered to $146

> CymaBay Therapeutics (CBAY) initiated with an Outperform at William Blair

> Edgewell Personal Care (EPC) initiated with a Neutral at UBS; tgt $47

> GCM Grosvenor (GCMG) initiated with an Overweight at Piper Sandler; tgt $10

> Old Second Bancorp Inc. (OSBC) initiated with an Overweight at Stephens; tgt $18

> Subsea 7 SA (SUBCY) initiated with an Outperform at RBC Capital Mkts

> The Vita Coco Company (COCO) initiated with a Buy at Craig Hallum; tgt $25

> United Airlines (UAL) placed on 30-day Catalyst Watch at Citigroup

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About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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