First Look Analysts Research Calls for Tuesday, December 6
These are the first analysts' calls reported Tuesday morning.
This report was sent to Briefing.com subscribers earlier today.
Upgrades:
Activision Blizzard (ATVI) upgraded to Buy from Hold at Edward Jones
> PennyMac (PFSI) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $75
> Barclays PLC (BCS) upgraded to Overweight from Neutral at JP Morgan
> Estee Lauder (EL) upgraded to Buy from Hold at Deutsche Bank; tgt raised to $266
> General Electric (GE) upgraded to Outperform from Perform at Oppenheimer; tgt $104
> JPMorgan Chase (JPM) upgraded to Overweight from Underweight at Morgan Stanley; tgt raised to $153
> PerkinElmer (PKI) upgraded to Outperform from Market Perform at Cowen; tgt lowered to $164
Downgrades:
> BNY Mellon (BK) downgraded to Underweight from Equal-Weight at Morgan Stanley; tgt $42
> Boston Beer Co (SAM) downgraded to Sell from Hold at Deutsche Bank; tgt raised to $316
> Conagra (CAG) downgraded to Sell from Hold at Deutsche Bank; tgt raised to $34
> Edwards Lifesciences (EW) downgraded to Hold from Buy at Stifel; tgt lowered to $75
> Equitable Holdings (EQH) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $33
> Flowers Foods (FLO) downgraded to Sell from Hold at Deutsche Bank; tgt lowered to $27
> General Mills (GIS) downgraded to Hold from Buy at Deutsche Bank; tgt $88
> Kimberly-Clark (KMB) downgraded to Sell from Hold at Deutsche Bank; tgt raised to $123
> Kymera Therapeutics (KYMR) downgraded to Neutral from Outperform at Credit Suisse; tgt lowered to $32
> Lloyds Banking (LYG) downgraded to Neutral from Overweight at JP Morgan
> New Gold (NGD) downgraded to Reduce from Hold at TD Securities
> Royal Caribbean (RCL) downgraded to Underweight from Overweight at JP Morgan; tgt lowered to $47
Others:
> Albertsons (ACI) initiated with an Outperform at Bernstein; tgt $26
> BrightSpire Capital (BRSP) initiated with a Buy at JonesTrading
> Carnival (CCL) assumed with a Neutral at JP Morgan; tgt lowered to $13
> Cass Information Systems (CASS) initiated with a Neutral at Piper Sandler
> Costco (COST) initiated with an Outperform at Bernstein; tgt $586
> Denali Therapeutics (DNLI) initiated with an Outperform at Cowen
> Driven Brands (DRVN) initiated with an Outperform at RBC Capital Mkts; tgt $37
> Editas Medicine (EDIT) assumed with a Neutral at Credit Suisse; tgt $13
> Enhabit Inc. (EHAB) initiated with a Buy at Stifel; tgt $17
> F&G Annuities & Life (FG) initiated with a Neutral at Credit Suisse; tgt $22
> Floor & Decor (FND) initiated with an Outperform at Bernstein; tgt $112
> Home Depot (HD) initiated with a Mkt Perform at Bernstein; tgt $337
> JetBlue Airways (JBLU) initiated with a Neutral at Citigroup; tgt $9
> Kroger (KR) initiated with an Outperform at Bernstein; tgt $58
> Legend Biotech (LEGN) initiated with a Buy at UBS; tgt $66
> Lowe’s (LOW) initiated with a Mkt Perform at Bernstein; tgt $237
> Lumen Technologies (LUMN) resumed with a Neutral at Goldman; tgt $6
> Norwegian Cruise Line (NCLH) assumed with an Overweight at JP Morgan; tgt lowered to $30
> OPAL Fuels (OPAL) initiated with a Buy at UBS; tgt $13
> Perfect Corp. (PERF) initiated with a Neutral at Piper Sandler; tgt $7
> Primis Financial (FRST) initiated with a Neutral at Piper Sandler; tgt $13
> R1 RCM (RCM) initiated with an Equal-Weight at Morgan Stanley; tgt $11
> Rent-A-Center (RCII) initiated with a Buy at Craig Hallum; tgt $40
> RXO, Inc. (RXO) initiated with a Mkt Perform at Raymond James
> Sunstone Hotel (SHO) initiated with an Underweight at Morgan Stanley; tgt $10
> Synovus (SNV) initiated with an Equal-Weight at Morgan Stanley; tgt $44
> Target (TGT) initiated with an Outperform at Bernstein; tgt $190
> Travere Therapeutics (TVTX) initiated with an Overweight at Wells Fargo; tgt $28
> United Therapeutics (UTHR) initiated with a Buy at UBS; tgt $320
> United Therapeutics (UTHR) initiated with a Sell at Goldman; tgt $230
> Valley National (VLY) initiated with an Equal-Weight at Morgan Stanley; tgt $14
> Valvoline (VVV) initiated with an Outperform at RBC Capital Mkts; tgt $39
> Walmart (WMT) initiated with a Mkt Perform at Bernstein; tgt $159
> Webster Financial (WBS) initiated with an Overweight at Morgan Stanley; tgt $70
> WesBanco Inc (WSBC) resumed with a Neutral at Piper Sandler; tgt $41
> Wyndham Hotels & Resorts (WH) initiated with an Overweight at Morgan Stanley; tgt $87
> Xenia Hotels (XHR) initiated with an Underweight at Morgan Stanley; tgt $13
> Xponential Fitness (XPOF) initiated with a Buy at Citigroup; tgt $29
> Zions Bancorp (ZION) initiated with an Equal-Weight at Morgan Stanley; tgt $65
Contact [email protected] for any questions or corrections.
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.