BROKER MOVERS: TGT and VSCO upgraded, with BA and PYPL downgraded

UPGRADES:

• Americold Realty Trust I (COLD) upgraded to Buy at Truist Secs


• BlackRock (BLK) upgraded to Outperform at Cowen


• Boston Beer (SAM) upgraded to Market Perform at Bernstein


• Camtek/Israel (CAMT) upgraded to Overweight at Barclays; PT USD 82


• Centerspace (CSR) upgraded to Outperform at RBC; PT USD 63


• CMS Energy (CMS) upgraded to Outperform at Wolfe; PT USD 62


• Coherent Corp (COHR) upgraded to Overweight at Barclays; PT USD 60


• DocuSign (DOCU) upgraded to Equal-Weight at Morgan Stanley; PT USD 64


• Dollar General (DG) upgraded to Overweight at Morgan Stanley


• Dutch Bros (BROS) upgraded to Buy at Stifel; PT USD 35


• Equinix (EQIX) upgraded to Buy at Truist Secs; PT USD 915


• Federal Realty (FRT) upgraded to Buy at Truist Secs; PT USD 117


• Fluence Energy (FLNC) upgraded to Outperform at BMO; PT USD 27


• Home Depot (HD) upgraded to Overweight at Piper Sandler; PT USD 400


• Mid-America (MAA) upgraded to Sector Perform at Scotiabank; PT USD 147


• Mid-America (MAA) upgraded to Buy at Truist Secs


• NXP Semi (NXPI) upgraded to Overweight at Barclays; PT USD 260


• Parsons (PSN) upgraded to Outperform at Baird; PT USD 75


• Sana Biotech (SANA) upgraded to Buy at HC Wainwright; PT USD 12


• SLM (SLM) upgraded to Buy at Citi; PT USD 23


• Starbucks (SBUX) upgraded to Overweight at Morgan Stanley; PT USD 120


• Target (TGT) upgraded to Overweight at Morgan Stanley


• Triumph Group (TGI) upgraded to Outperform at Baird; PT USD 20


• Valvoline (VVV) upgraded to Overweight at Morgan Stanley


• Victoria's Secret (VSCO) upgraded to Overweight at Wells Fargo; PT USD 28


• Wayfair (W) upgraded to Overweight at Morgan Stanley


• Western Digital (WDC) upgraded to Overweight at Barclays; PT USD 65


• Western Digital (WDC) upgraded to Buy at Deutsche Bank; PT USD 65


• Whitestone REIT (WSR) upgraded to Buy at Truist Secs

DOWNGRADES:

• Acadia Realty (AKR) downgraded to Hold at Truist Secs; PT USD 18


• Ambrx Biopharma (AMAM) downgraded to Neutral at Baird; PT USD 28


• Anglogold (AU) downgraded to Neutral at Nedbank CIB; PT USD 19.83


• AvalonBay (AVB) downgraded to Hold at Truist Secs


• Axonics Inc (AXNX) downgraded to Equal-Weight at Morgan Stanley; PT USD 71


• Boeing (BA) downgraded to Equal-Weight at Wells Fargo


• Boot Barn (BOOT) downgraded to Hold at Williams Trading; PT USD 80


• Brinker (EAT) downgraded to Underweight at Morgan Stanley; PT USD 36


• Coupang (CPNG) downgraded to Neutral at Citi; PT USD 17


• Driven Brands (DRVN) downgraded to Equal-Weight at Morgan Stanley


• DTE Energy (DTE) downgraded to Peer Perform at Wolfe


• Equity LifeStyle (ELS) downgraded to Hold at Truist Secs


• Ferrari (RACE) downgraded to Neutral at Mediobanca SpA; PT USD 354.84


• FMC Corp (FMC) downgraded to Underperform at BofA; PT USD 57


• Fortinet (FTNT) downgraded to Equal-Weight at Wells Fargo; PT USD 65


• G-III Apparel (GIII) downgraded to Underweight at Wells Fargo; PT USD 24


• Harpoon Therapeutics (HARP) downgraded to Market Perform at Cowen


• Hercules Capital (HTGC) downgraded to Neutral at Compass Point; PT USD 17.50


• Hyatt (H) downgraded to Neutral at Redburn; PT USD 120


• Illumina (ILMN) downgraded to Hold at HSBC; PT USD 150


• Levi Strauss (LEVI) downgraded to Equal-Weight at Wells Fargo; PT USD 18


• MasTec (MTZ) downgraded to Neutral at Baird; PT USD 75


• NetApp Inc (NTAP) downgraded to Market Perform at Raymond James


• Northrop Grumman (NOC) downgraded to Neutral at Baird; PT USD 505


• PayPal (PYPL) downgraded to Neutral at Mizuho Securities; PT USD 65


• Prime Medicine (PRME) downgraded to Hold at Stifel; PT USD 9


• Rent the Runway (RENT) downgraded to Equal-Weight at Wells Fargo; PT 60 cents


• Rocket Cos. (RKT) downgraded to Sell at Citi; PT USD 10


• RTX Corp (RTX) downgraded to Neutral at Baird; PT USD 94


• SL Green (SLG) downgraded to Hold at Truist Secs


• Starbucks (SBUX) downgraded to Hold at Gordon Haskett; PT USD 100


• Sun Communities (SUI) downgraded to Hold at Truist Secs


• Sweetgreen (SG) downgraded to Underweight at Morgan Stanley; PT USD 10


• Tractor Supply (TSCO) downgraded to Underweight at Morgan Stanley


• Transphorm (TGAN) downgraded to Hold at Benchmark


• Wendy's (WEN) downgraded to Hold at Gordon Haskett; PT USD 21

INITIATIONS:

• Callon Petroleum (CPE) rated New Buy at Baptista Research; PT USD 43.60


• Crinetics Pharma (CRNX) rated New Overweight at Morgan Stanley; PT USD 50


• Datadog (DDOG) rated New Outperform at BMO; PT USD 140


• Energy Vault (NRGV) rated New Buy at Roth MKM; PT USD 4


• Enphase Energy (ENPH) reinstated Buy at Canaccord; PT USD 142


• Esquire Finl (ESQ) rated New Strong Buy at Raymond James; PT USD 60


• Light & Wonder (LNW) rated New Buy at Benchmark; PT USD 92


• Newamsterdam Pharma (NAMS) rated New Overweight at Piper Sandler


• NEXTracker (NXT) rated New Buy at Goldman; PT USD 62


• Seanergy Maritime Holdings (SHIP) rated New Buy at B Riley; PT USD 11


• Shift4 Payments (FOUR) rated New Outperform at KBW; PT USD 95


• SolarEdge (SEDG) reinstated Hold at Canaccord; PT USD 80

16 Jan 2024 - 12:10- Research Sheet- Source: Newsquawk