Opening Bell Analyst Calls Briefing for Monday, October 24, 2022

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By Paul Ausick Published
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Opening Bell Analyst Calls Briefing for Monday, October 24, 2022

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

Upgrades:

  • Bridgestone (BRDCY) upgraded to Conviction Buy from Buy at Goldman
  • Gruma S.A.B. de CV (GPAGF) upgraded to Neutral from Underweight at JP Morgan
  • Indivior (INVVY) upgraded to Overweight from Equal-Weight at Morgan Stanley

Downgrades:

  • Akzo Nobel N.V. (AKZOY) downgraded to Underweight from Neutral at JP Morgan
  • Corus Entertainment (CJREF) downgraded to Speculative Buy from Buy at Canaccord Genuity
  • Diebold Nixdorf (DBD) downgraded to Neutral from Buy at DA Davidson; tgt lowered to $3

Others:

  • CECO Environ. (CECE) initiated with a Buy at Craig Hallum; tgt $17
  • Core Scientific (CORZ) initiated with a Neutral at DA Davidson
  • Jacobs Engineering (J) placed on Negative Catalyst Watch at Citigroup
  • LINKBANCORP (LNKB) initiated with an Overweight at Piper Sandler; tgt $9
  • NexPoint Real Estate Finance (NREF) initiated with a Neutral at Piper Sandler
  • Planet Labs (PL) assumed with a Buy at Westpark Capital; tgt $9
  • Prologis (PLD) resumed with a Buy at BofA Securities; tgt $140
  • Vipshop (VIPS) initiated with a Buy at China Merchant
  • Westport Fuel Systems (WPRT) initiated with a Sector Perform at RBC Capital Mkts; tgt $2.50

More Monday morning research calls are available here.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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