First Look Analysts Research Calls for Tuesday, March 7

This report was sent to Briefing.com subscribers earlier today.  Upgrades: > Costco (COST) upgraded to Buy from Neutral at Northcoast; tgt $560 > Mercantile Bank (MBWM) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $40 Downgrades: >…

Published March 7, 2023, 7:40am ET · 1 min read

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

Upgrades:

> Costco (COST) upgraded to Buy from Neutral at Northcoast; tgt $560

> Mercantile Bank (MBWM) upgraded to Overweight from Neutral at Piper Sandler; tgt raised to $40

Downgrades:

> Artisan Partners Asset Mgmt (APAM) downgraded to Sell from Neutral at Goldman; tgt lowered to $27

> Gossamer Bio (GOSS) downgraded to Mkt Perform from Outperform at Raymond James

> Joby Aviation (JOBY) downgraded to Sell from Hold at Deutsche Bank; tgt lowered to $4

> KT (Korean Telco) (KT) downgraded to Neutral from Buy at BofA Securities

> Lightspeed (LSPD) downgraded to Market Perform from Outperform at MoffettNathanson; tgt lowered to $17

Others:

> Arista Networks (ANET) initiated with a Buy at Goldman

> Bluebirdbio (BLUE) initiated with an Outperform at Robert W. Baird; tgt $10

> Hesai Group (HSAI) initiated with an Outperform at Credit Suisse; tgt $28

> Juniper Networks (JNPR) initiated with a Buy at Goldman

Contact [email protected] for any questions or corrections.

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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