BROKER MOVES: Morgan Stanley upgrades AA, while BofA downgrades CNHI after surprising CEO change

UPGRADES:

• Alcoa (AA) Upgraded to Equal-Weight at Morgan Stanley; PT USD 36.50


• AMD (AMD) Upgraded to Buy at Punto Casa de Bolsa; PT USD 174.26


• CytomX (CTMX) Upgraded to Neutral at JPMorgan


• Equity Residential (EQR) Upgraded to Outperform at BMO; PT USD 70


• Euronet (EEFT) Upgraded to Buy at Citi; PT USD 120


• Ingevity (NGVT) Upgraded to Buy at Jefferies; PT USD 62


• L3Harris (LHX) Upgraded to Overweight at Alembic Global; PT USD 238


• Northrop Grumman (NOC) Upgraded to Overweight at Alembic Global; PT USD 532


• Papa John's (PZZA) Upgraded to Hold at Stifel; PT USD 60


• PPG Industries (PPG) Upgraded to Buy at Seaport Global Securities


• Provident Financial (PFS) Upgraded to Buy at DA Davidson; PT USD 20


• Robert Half Inc (RHI) Upgraded to Hold at Truist Secs; PT USD 72

DOWNGRADES:

• Cisco (CSCO) Downgraded to Neutral at JPMorgan; PT USD 53


• CNH Industrial (CNHI) Downgraded to Neutral at BofA


• CVB Financial (CVBF) Downgraded to Market Perform at Hovde Group; PT USD 18


• OGE Energy (OGE) Downgraded to Equal-Weight at Barclays; PT USD 34


• Pacific Bio (PACB) Downgraded to Neutral at JPMorgan


• PPG Industries (PPG) Downgraded to Inline at Evercore ISI; PT USD 152


• Prologis (PLD) Downgraded to Market Perform at BMO


• Southern Copper (SCCO) Downgraded to Reduce at HSBC; PT USD 80


• Western Digital (WDC) Downgraded to Market Perform at Raymond James

INITIATIONS:

• Agilon Health (AGL) Initiated at New Neutral at Citi; PT USD 6


• Atour Lifestyle (ATAT) ADRs Initiated at New Outperform at Macquarie; PT USD 26


• BellRing Brands (BRBR) Initiated at New Buy at Cowen; PT USD 64


• Boundless Bio (BOLD) Initiated at New Outperform at Leerink; PT USD 25


• Boundless Bio (BOLD)Initiated at New Overweight at Piper Sandler; PT USD 20


• Chord Energy (CHRD) Initiated at New Buy at SWS; PT USD 262


• Cyclo Therapeutics (CYTH) Initiated at New Buy at Ascendiant Capital Markets


• EastGroup (EGP) Initiated at New Outperform at BMO; PT USD 190


• Engene Holdings (ENGN) Initiated at New Overweight at Wells Fargo; PT USD 30


• Evolent (EVH) Reinstated Buy at Citi; PT USD 40


• Gaotu Techedu (GOTU) ADRs Initiated at New Buy at Huatai Research; PT USD 8.56


• GE Vernova (GEV) Initiated at New Hold at Melius; PT USD 147


• H World Group Ltd (HTHT) ADRs Reinstated Outperform at Macquarie


• Kinetik (KNTK) Initiated at New Equal-Weight at Barclays; PT USD 40


• Kirby (KEX) Initiated at New Outperform at Wolfe; PT USD 126


• Knife River Corp (KNF) Reinstated Buy at Spin-Off Research; PT USD 85.17


• Kymera (KYMR) Initiated at New Outperform at Oppenheimer; PT USD 53


• Madrigal Pharma (MDGL) Initiated at New Underperform at BofA; PT USD 150


• Palmer Square Capital BDC (PSBD) Initiated at New Neutral at Janney Montgomery


• Privia Health (PRVA) Initiated at New Buy at Citi; PT USD 25


• Raymond James (RJF) Initiated at New Add at Citic Securities; PT USD 139


• Rexford Industrial (REXR) Initiated at New Neutral at Wedbush; PT USD 45


• Simply Good Foods (SMPL) Initiated at New Hold at Cowen; PT USD 34


• Stevanato Group (STVN) Initiated at New Outperform at BNPP Exane


• Ultragenyx (RARE) Initiated at New Outperform at RBC; PT USD 77

22 Apr 2024 - 12:15- EquitiesResearch Sheet- Source: Newswires