Morning Analyst Calls Briefing for Monday, October 24, 2022

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

Upgrades:

  • ANSYS (ANSS) upgraded to Buy from Neutral at Rosenblatt; tgt lowered to $270
  • Avis Budget (CAR) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $231
  • ServiceNow (NOW) upgraded to Buy from Neutral at Guggenheim
  • AT&T (T) upgraded to Strong Buy from Outperform at Raymond James; tgt $24
  • HEICO (HEI) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $175
  • Stoke Therapeutics (STOK) upgraded to Outperform from Mkt Perform at SVB Leerink; tgt $30
  • Suzano S.A. (SUZ) upgraded to Overweight from Neutral at JP Morgan
  • Teladoc (TDOC) upgraded to Neutral from Sell at Guggenheim
  • Texas Instruments (TXN) upgraded to Equal Weight from Underweight at Barclays; tgt $150
  • Visteon (VC) upgraded to Neutral from Underweight at JP Morgan; tgt raised to $129
  • Wolfspeed (WOLF) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $160

Downgrades:

  • Analog Devices (ADI) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $140
  • Danaher (DHR) downgraded to Hold from Buy at The Benchmark Company; tgt $325
  • FedEx (FDX) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $160
  • Green Plains (GPRE) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt lowered to $31
  • MDU Resources (MDU) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $26
  • The Aaron’s Company (AAN) downgraded to Underperform from Neutral at BofA Securities; tgt $6.50
  • Adidas AG (ADDYY) downgraded to Hold from Buy at Stifel
  • Baidu (BIDU) downgraded to Neutral from Outperform at KGI Securities; tgt $90
  • CapStar Financial (CSTR) downgraded to Mkt Perform from Outperform at Keefe Bruyette; tgt lowered to $20
  • CapStar Financial (CSTR) downgraded to Neutral from Overweight at Piper Sandler; tgt lowered to $19
  • Chevron (CVX) downgraded to Hold from Buy at HSBC Securities; tgt $177
  • CNH Industrial (CNHI) downgraded to Neutral from Buy at Goldman; tgt lowered to $12.14
  • Continental Resources (CLR) downgraded to Mkt Perform from Outperform at Raymond James
  • Ericsson (ERIC) downgraded to Neutral from Conviction Buy at Goldman; tgt lowered to $6.10
  • Huntington Banc (HBAN) downgraded to Equal-Weight from Overweight at Stephens; tgt raised to $16
  • Meta Platforms (META) downgraded to Neutral from Buy at BofA Securities
  • MorphoSys (MOR) downgraded to Sell from Hold at Deutsche Bank; tgt lowered to $150
  • NovoCure (NVCR) downgraded to Neutral from Overweight at Piper Sandler; tgt lowered to $70
  • NXP Semi (NXPI) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $140
  • Qorvo (QRVO) downgraded to Equal Weight from Overweight at Barclays; tgt lowered to $90
  • Silicon Labs (SLAB) downgraded to Underweight from Equal Weight at Barclays; tgt lowered to $95
  • Southern (SO) downgraded to Underperform from Neutral at BofA Securities; tgt lowered to $59
  • Tattooed Chef (TTCF) downgraded to Market Perform from Outperform at Cowen; tgt lowered to $4.50
  • Tremor (TRMR) downgraded to Mkt Perform from Outperform at Raymond James
  • Williams-Sonoma (WSM) downgraded to Underperform from Hold at Jefferies; tgt lowered to $100

Others:

  • Advanced Micro (AMD) initiated with a Hold at HSBC Securities; tgt $60
  • Flywire (FLYW) initiated with a Buy at Loop Capital; tgt $25
  • Intel (INTC) initiated with a Reduce at HSBC Securities; tgt $23
  • R1 RCM (RCM) initiated with an Outperform at Evercore ISI; tgt $25
  • Futu Holdings (FUTU) initiated with a Buy at DBS Bank; tgt $55
  • Harley-Davidson (HOG) initiated with a Neutral at Citigroup; tgt $40
  • LiveWire Group (LVWR) initiated with a Neutral at Citigroup; tgt $8.70
  • Ollie’s Bargain Outlet (OLLI) initiated with a Buy at Gordon Haskett; tgt $60
  • Qualcomm (QCOM) initiated with a Buy at HSBC Securities; tgt $180
  • UP Fintech (TIGR) initiated with a Buy at DBS Bank; tgt $5
  • WeWork (WE) initiated with an Overweight at Cantor Fitzgerald; tgt $8

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