BROKER MOVES: UAL upgraded at Wolfe on potential for significant stock upside, BIDU downgraded at MS and Macquarie

UPGRADES:

• Alaska Air (ALK) Upgraded to Outperform at Wolfe; PT USD 55


• AspenTech (AZPN) Upgraded to Buy at Berenberg; PT USD 255


• Bath & Body Works (BBWI) Upgraded to Neutral at JPMorgan; PT USD 53


• Coinbase (COIN) Upgraded to Neutral at BofA


• Darden (DRI) Upgraded to Buy at BTIG; PT USD 175


• DuPont de Nemours (DD) Upgraded to Buy at Jefferies; PT USD 101


• Euronet (EEFT) Upgraded to Peerperform at Wolfe


• JD.com (JD) ADRs Upgraded to Buy at BOCOM Intl; PT USD 40


• JD.com (JD) ADRs Upgraded to Outperform at Macquarie; PT USD 40


• Littelfuse (LFUS) Upgraded to Outperform at Baird; PT USD 300


• Robinhood (HOOD) Upgraded to Buy at BofA


• Tanger Inc (SKT) Upgraded to Sector Perform at Scotiabank; PT USD 28


• United Airlines (UAL) Upgraded to Outperform at Wolfe; PT USD 76


• Viking Therapeutics (VKTX) Upgraded to Strong Buy at Raymond James

DOWNGRADES:

• Baidu (BIDU) ADRs Downgraded to Equal-Weight at Morgan Stanley; PT USD 125


• Baidu (BIDU) ADRs Downgraded to Neutral at Macquarie


• BioMarin (BMRN) Downgraded to Neutral at Baird; PT USD 72


• Catalent (CTLT) Downgraded to Sell at Argus


• Corpay (CPAY) Downgraded to Underperform at Wolfe; PT USD 295


• Epam Systems (EPAM) Downgraded to Peerperform at Wolfe


• Lithia & Driveway (LAD) Downgraded to Neutral at Guggenheim


• Macerich (MAC) Downgraded to Sector Underperform at Scotiabank; PT USD 14


• SoundThinking Inc (SSTI) Downgraded to Market Perform at William Blair


• Weibo (WB) ADRs Downgraded to Underweight at Morgan Stanley; PT USD 10

INITIATIONS:

• AbbVie (ABBV) Initiated at New Overweight at Cantor; PT USD 200


• Beachbody (BODI) Initiated at New Buy at Canaccord; PT USD 13


• Capricor Therapeutics (CAPR) Initiated at New Outperform at Oppenheimer


• Confluent (CFLT) Initiated at New Outperform at Oppenheimer; PT USD 37


• Dell Technologies (DELL) Initiated at New Outperform at Haitong Intl; PT USD 197


• Didi Global (DIDIY) ADRs Initiated at New Buy at GF Securities; PT USD 5.60


• Grab Holdings (GRAB) Resumed Buy at Deutsche Bank


• Kanzhun (BZ) ADRs Initiated at New Buy at Blue Lotus; PT USD 22


• MINISO (MNSO) ADRs Initiated at New Buy at Blue Lotus; PT USD 34


• Ree Automotive (REE) Initiated at New Buy at Roth MKM; PT USD 14

17 May 2024 - 12:45- EquitiesResearch Sheet- Source: Newswires