This report was sent to Briefing.com subscribers earlier today.
Research calls posted earlier this morning are available here.
Upgrades:
None reported
Downgrades:
> Schindler (SHLAF) downgraded to Underweight from Equal-Weight at Morgan Stanley
> Swatch (SWGAY) downgraded to Underweight from Equal Weight at Barclays
> Toyota Industries (TYIDY) downgraded to Neutral from Buy at Citigroup
Others:
> Align Tech (ALGN) initiated with a Market Perform at CICC; tgt $340
> Ambarella (AMBA) initiated with a Buy at WestPark Capital; tgt $110
> Baidu (BIDU) resumed with an Overweight at JP Morgan
> Bill.com (BILL) initiated with an Underperform at Exane BNP Paribas
> H World Group (HTHT) named Research Tactical Idea at Morgan Stanley
> Trip.com Group (TCOM) resumed with a Neutral at JP Morgan
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