BROKER MOVES: DASH upgraded, while a slew of Financials (AXP, COF, C, WFC) are downgraded

Analysis details (12:08)

UPGRADES:

• American Air (AAL) upgraded to Overweight at Morgan Stanley; PT USD 20


• Aon PLC (AON) upgraded to Overweight at JPMorgan; PT USD 321


• Beacon Roofing (BECN) upgraded to Outperform at William Blair


• Brown & Brown (BRO) upgraded to Buy at Goldman; PT USD 83


• Brown & Brown (BRO) upgraded to Outperform at RBC; PT USD 81


• Cboe (CBOE) upgraded to Overweight at Barclays; PT USD 204


• Chevron (CVX) upgraded to Buy at Jefferies; PT USD 184


• Core & Main (CNM) upgraded to Buy at Citi


• DoorDash (DASH) upgraded to Buy at Jefferies; PT USD 130


• Dow (DOW) upgraded to Neutral at On Field; PT USD 57


• Eagle Materials (EXP) upgraded to Buy at Loop Capital; PT USD 240


• Enphase Energy (ENPH) upgraded to Overweight at Wells Fargo


• Epam Systems (EPAM) upgraded to Buy at HSBC; PT USD 350


• Fastly (FSLY) upgraded to Sector Perform at RBC; PT USD 18


• FedEx (FDX) upgraded to Buy at Melius


• Fiserv (FI) upgraded to Overweight at KeyBanc; PT USD 160


• Franklin Resources (BEN) upgraded to Equal-Weight at Wells Fargo


• Gitlab (GTLB) upgraded to Buy at Mizuho Securities; PT USD 73


• Installed Building (IBP) upgraded to Buy at Loop Capital; PT USD 205


• Intercontinental Exchange (ICE) upgraded to Overweight at Barclays


• Kyndryl (KD) upgraded to Outperform at Evercore ISI; PT USD 26


• MetLife (MET) upgraded to Buy at Goldman; PT USD 80


• NEXTracker (NXT) upgraded to Overweight at Wells Fargo


• RenaissanceRe (RNR) upgraded to Neutral at JPMorgan; PT USD 204


• Toll Brothers (TOL) upgraded to Outperform at Wolfe; PT USD 118


• TopBuild (BLD) upgraded to Buy at Loop Capital; PT USD 405


• Tuya (TUYA) ADRs upgraded to Buy at Goldman; PT USD 2.75


• Upwork (UPWK) upgraded to Buy at Jefferies; PT USD 20

DOWNGRADED

• Agilon Health (AGL) downgraded to Market Perform at Leerink


• Agilon Health (AGL) downgraded to Peer Perform at Wolfe


• Agilon Health (AGL) downgraded to Hold at Stifel; PT USD 10


• Allovir (ALVR) downgraded to Underweight at Morgan Stanley; PT 50 cents


• American Express (AXP) downgraded to Underperform at Baird; PT USD 190


• Ardagh Metal Packaging (AMBP) downgraded to Equal-Weight at Barclays; PT USD 4


• Array (ARRY) downgraded to Equal-Weight at Wells Fargo


• Capital One (COF) downgraded to Neutral at Baird; PT USD 145


• ChampionX (CHX) downgraded to Neutral at Piper Sandler; PT USD 32


• Chubb (CB) downgraded to Neutral at Goldman; PT USD 222


• Citigroup (C) downgraded to Sell at SocGen; PT USD 43


• CME Group (CME) downgraded to Equal-Weight at Barclays; PT USD 222


• CMS Energy (CMS) downgraded to Neutral at Seaport Global Securities


• Deere (DE) downgraded to Hold at Melius; PT USD 478


• DTE Energy (DTE) downgraded to Neutral at Seaport Global Securities


• Ecolab (ECL) downgraded to Neutral at Seaport Global Securities


• Endava (DAVA) ADRs downgraded to Hold at HSBC; PT USD 80


• Exelon (EXC) downgraded to Neutral at Seaport Global Securities


• Ferguson (FERG) downgraded to Market Perform at Raymond James


• Fidelis Insurance (FIHL) downgraded to Neutral at JPMorgan; PT USD 15


• First Solar (FSLR) downgraded to Equal-Weight at Wells Fargo


• Frontier Airlines (ULCC) downgraded to Equal-Weight at Morgan Stanley; PT USD 8


• Garmin (GRMN) downgraded to Neutral at JPMorgan; PT USD 135


• Hartford Financial (HIG) downgraded to Neutral at JPMorgan; PT USD 91


• Helmerich & Payne (HP) downgraded to Neutral at Piper Sandler; PT USD 41


• iClick (ICLK) ADRs downgraded to Neutral at Citi; PT USD 4


• Linde (LIN) downgraded to Neutral at Seaport Global Securities


• Markel Group Inc (MKL) downgraded to Sector Perform at RBC; PT USD 1,475


• MarketAxess (MKTX) downgraded to Equal-Weight at Barclays; PT USD 291


• Marsh & McLennan (MMC) downgraded to Sell at Goldman; PT USD 185


• Navient (NAVI) downgraded to Underperform at Cowen; PT USD 15


• Okta (OKTA) downgraded to Neutral at Mizuho Securities; PT USD 85


• Pool Corp (POOL) downgraded to Hold at Loop Capital; PT USD 415


• PulteGroup (PHM) downgraded to Neutral at Citi


• Sherwin-Williams (SHW) downgraded to Neutral at Seaport Global Securities


• SiteOne Landscape (SITE) downgraded to Hold at Loop Capital; PT USD 165


• Southwest Air (LUV) downgraded to Underperform at Bernstein; PT USD 24


• SunPower (SPWR) downgraded to Underweight at Wells Fargo


• T. Rowe (TROW) downgraded to Underweight at Wells Fargo


• TD SYNNEX (SNX) downgraded to Neutral at JPMorgan; PT USD 113


• Terran Orbital Corp (LLAP) downgraded to Neutral at B Riley; PT USD 1.35


• Theravance Bio (TBPH) downgraded to Inline at Evercore ISI; PT USD 8


• Voya Financial (VOYA) downgraded to Neutral at Goldman; PT USD 82


• W R Berkley Corp (WRB) downgraded to Sector Perform at RBC; PT USD 73


• Wells Fargo (WFC) downgraded to Neutral at Baird; PT USD 55


• ZoomInfo (ZI) downgraded to Underperform at RBC; PT USD 14

INITIATIONS:

• Aramark (ARMK) rated New Buy at Truist Secs


• Complete Solaria (CSLR) rated New Overweight at Cantor; PT USD 6


• Couchbase (BASE) rated New Overweight at Wells Fargo; PT USD 26


• International Paper (IP) reinstated Neutral at BNPP Exane; PT USD 37.10


• KeyCorp (KEY) rated New Market Perform at Raymond James


• ManpowerGroup (MAN) rated New Market Perform at William Blair


• Paccar (PCAR) reinstated Overweight at Morgan Stanley; PT USD 125


• Packaging Corp (PKG) reinstated Outperform at BNPP Exane; PT USD 183


• Stryker (SYK) rated New Add at CTBC Securities; PT USD 345


• Vera Therapeutics (VERA) rated New Overweight at Cantor


• WestRock (WRK) reinstated Outperform at BNPP Exane; PT USD 50.10

08 Jan 2024 - 12:08- Research Sheet- Source: Newswires