This report was sent to Briefing.com subscribers earlier today.
Upgrades:
> 2U (TWOU) upgraded to Neutral from Underweight at Piper Sandler; tgt lowered to $7
> Delek US Holdings (DK) upgraded to Sector Perform from Sector Underperform at Scotiabank; tgt $35
> Hims & Hers Health (HIMS) upgraded to Buy from Neutral at BofA Securities; tgt raised to $8.50
> SolarEdge Technologies (SEDG) upgraded to Market Perform from Under Perform at Northland Capital
> Stratasys (SSYS) upgraded to Mkt Perform from Underperform at William Blair
> Viatris (VTRS) upgraded to Neutral from Underweight at Piper Sandler; tgt $10
> Volkswagen AG (VWAGY) upgraded to Buy from Neutral at BofA Securities
Downgrades:
> Ballard Power (BLDP) downgraded to Sector Perform from Outperform at National Bank Financial
> Broadmark Realty (BRMK) downgraded to Mkt Perform from Outperform at Raymond James
> DigitalOcean (DOCN) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $27
> IAA (IAA) downgraded to Hold from Buy at Jefferies; tgt $40
> Iris Energy (IREN) downgraded to Neutral from Overweight at Cantor Fitzgerald; tgt $3
> Ouster (OUST) downgraded to Neutral from Outperform at Robert W. Baird; tgt lowered to $1.50
> Q2 Holdings (QTWO) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $32
> Q2 Holdings (QTWO) downgraded to Underweight from Neutral at Piper Sandler; tgt lowered to $22
> Ritchie Bros. (RBA) downgraded to Neutral from Buy at BofA Securities; tgt lowered to $55
> Six Flags (SIX) downgraded to Hold from Buy at Jefferies; tgt lowered to $24
> Swatch (SWGAY) downgraded to Underperform from Outperform at Credit Suisse
> System1 (SST) downgraded to Underperform from Buy at BofA Securities; tgt lowered to $4
> Williams-Sonoma (WSM) downgraded to Neutral from Outperform at Wedbush
Others:
> Ericsson (ERIC) initiated with an Equal-Weight at Morgan Stanley
> Ganfeng Lithium (GNENF) initiated with an Outperform at Macquarie
> Infineon (IFNNY) initiated with an Equal-Weight at Morgan Stanley
> Kymera Therapeutics (KYMR) initiated with a Mkt Perform at Raymond James
> Nokia (NOK) initiated with an Equal-Weight at Morgan Stanley
> Volkswagen AG (VWAGY) resumed with a Neutral at Goldman
> VTEX (VTEX) initiated with a Buy at BTG Pactual; tgt $7.50
Research calls posted earlier this morning are available here.
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