This report was sent to Briefing.com subscribers earlier today.
Research calls posted earlier this morning are available here.
Upgrades:
> Brixmor Property (BRX) upgraded to Outperform from Peer Perform at Wolfe Research; tgt $29
> Crestwood Equity Partners (CEQP) upgraded to Overweight from Equal Weight at Wells Fargo; tgt $35
Downgrades:
> John Wood Group plc (WDGJF) downgraded to Equal Weight from Overweight at Barclays
> New York Times (NYT) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt $37
> TC Energy (TRP) downgraded to Underweight from Equal Weight at Wells Fargo
> Third Harmonic Bio (THRD) downgraded to Hold from Buy at Jefferies; tgt lowered to $3.60
> Third Harmonic Bio (THRD) downgraded to Market Perform from Outperform at LifeSci Capital
Others:
> Cracker Barrel (CBRL) initiated with a Neutral at UBS; tgt $105
> Fortune Brands Innovations (FBIN) initiated with a Hold at Zelman
> MasterBrand (MBC) initiated with a Buy at Zelman
> Revolve Group (RVLV) initiated with a Neutral at UBS; tgt $25
> ShockWave Medical (SWAV) initiated with a Buy at Deutsche Bank; tgt $285
> Traeger (COOK) assumed with a Mkt Perform at William Blair
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