First Look Analysts Research Calls for Wednesday, March 15

This report was sent to Briefing.com subscribers earlier today.  Upgrades: > Apartment Income REIT Corp. (AIRC) upgraded to Market Perform from Underperform at BMO Capital Markets; tgt $39 > Azul S.A. (AZUL) upgraded to Equal-Weight from Underweight at Morgan Stanley;…

Published March 15, 2023, 7:42am ET · 1 min read

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

Upgrades:

> Apartment Income REIT Corp. (AIRC) upgraded to Market Perform from Underperform at BMO Capital Markets; tgt $39

> Azul S.A. (AZUL) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt raised to $8.60

> Canadian Pacific (CP) upgraded to Sector Outperform from Sector Perform at Scotiabank

> Charles Schwab (SCHW) upgraded to Outperform from Neutral at Credit Suisse; tgt lowered to $67.50

> FTC Solar (FTCI) upgraded to Buy from Underperform at BofA Securities; tgt raised to $3.50

> Reinsurance Group of America (RGA) upgraded to Buy from Sell at Citigroup; tgt raised to $158

> Truist (TFC) upgraded to Buy from Neutral at Citigroup; tgt $52

> Unum Group (UNM) upgraded to Buy from Neutral at Citigroup; tgt raised to $53

> W.R. Berkley (WRB) upgraded to Buy from Neutral at BofA Securities; tgt lowered to $76

Downgrades:

> Porch Group (PRCH) downgraded to Hold from Buy at Loop Capital; tgt lowered to $2

> Q2 Holdings (QTWO) downgraded to Hold from Buy at Canaccord Genuity; tgt lowered to $25

> Traeger (COOK) downgraded to Neutral from Overweight at Piper Sandler; tgt lowered to $4

> Vacasa (VCSA) downgraded to Perform from Outperform at Oppenheimer

Others:

> Intuit (INTU) initiated with an Outperform at Daiwa Securities; tgt $444

> ShockWave Medical (SWAV) initiated with a Buy at Needham; tgt $240

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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