First Look Analysts Research Calls for Thursday, February 2
This report was sent to Briefing.com subscribers earlier today. Upgrades: > FedEx (FDX) upgraded to Buy from Neutral at BofA Securities; tgt $233 > FedEx (FDX) upgraded to Buy from Neutral at Citigroup; tgt raised to $240 > Ingevity (NGVT)…
This report was sent to Briefing.com subscribers earlier today.
Upgrades:
> FedEx (FDX) upgraded to Buy from Neutral at BofA Securities; tgt $233
> FedEx (FDX) upgraded to Buy from Neutral at Citigroup; tgt raised to $240
> Ingevity (NGVT) upgraded to Buy from Hold at Loop Capital; tgt raised to $100
> O-I Glass (OI) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $34
> Okta (OKTA) upgraded to Buy from Hold at Needham; tgt $90
> Silicon Labs (SLAB) upgraded to Buy from Hold at Summit Insights
Downgrades:
> Ashland (ASH) downgraded to Underweight from Neutral at JP Morgan; tgt raised to $105
> Astra Space (ASTR) downgraded to Hold from Buy at Deutsche Bank; tgt lowered to $1
> Fortinet (FTNT) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt lowered to $57
> Grab (GRAB) downgraded to Underweight from Neutral at JP Morgan; tgt lowered to $2.80
> GXO Logistics (GXO) downgraded to Underperform from Neutral at Exane BNP Paribas; tgt $40
> Match Group (MTCH) downgraded to Perform from Outperform at Oppenheimer
> Peloton (PTON) downgraded to Mkt Perform from Mkt Outperform at JMP Securities
> Peloton (PTON) downgraded to Underperform from Neutral at Exane BNP Paribas; tgt $8
> Qualtrics (XM) downgraded to Hold from Buy at Deutsche Bank; tgt raised to $19
> R1 RCM (RCM) downgraded to Hold from Buy at Truist; tgt $15
> Varonis Systems (VRNS) downgraded to Hold from Buy at Needham
Others:
> Accolade (ACCD) initiated with an Outperform at Raymond James; tgt $15
> Everest Re (RE) initiated with an Outperform at Raymond James; tgt $385
> Globant (GLOB) initiated with a Buy at HSBC Securities; tgt $240
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.