Top upgrades and downgrades on 6/29: MSFT, UPST, MCD, GS and more

Analysts Notebook wrote a column · Jun 29, 2022 07:05

Upgrades

• $Cadence Design Systems(CDNS.US)$ : BofA Securities Upgrades to Neutral from Underperform - PT $175 (from $160)

• $Federated Hermes(FHI.US)$ : KBW Upgrades to Outperform from Market Perform - PT $540

• $Goldman Sachs(GS.US)$ : BofA Securities Upgrades to Buy from Neutral - PT $380 (from $360)

• $McDonald's(MCD.US)$ : Atlantic Equities Upgrades to Overweight from Neutral - PT $278 (from $245)

• $Oracle(ORCL.US)$ : Exane Upgrades to Outperform from Neutral - PT $90

• $O'Reilly Automotive(ORLY.US)$ : DA Davidson Upgrades to Buy from Neutral - PT $740

• $Seven Hills(SEVN.US)$ : JMP Securities Upgrades to Market Outperform from Market Perform - PT $13.50

• $Synopsys(SNPS.US)$ : BofA Securities Upgrades to Neutral from Underperform - PT $360 (from $325)

• $Ulta Beauty(ULTA.US)$ : Raymond James Upgrades to Strong Buy from Outperform - PT $485 (from $475)

Downgrades

• $Accenture(ACN.US)$ : Exane Downgrades to Neutral from Outperform - PT $320

• $Bath & Body Works(BBWI.US)$ : JPMorgan Downgrades to Neutral from Overweight - PT $30 (from $63)

• $Franklin Resources(BEN.US)$ : KBW Downgrades to Underperform from Market Perform - PT $22

• $Crown Castle(CCI.US)$ : Deutsche Bank Downgrades to Hold from Buy - PT $183 (from $204)

• $Cognyte Software(CGNT.US)$ : Evercore ISI Downgrades to In Line from Outperform - PT $5 (from $12)

• $Eagle Bancorp Montana(EBMT.US)$ : DA Davidson Downgrades to Neutral from Buy - PT $22

• $Janus Henderson Group(JHG.US)$ : KBW Downgrades to Underperform from Market Perform - PT $22 (from $28)

• $JOANN Inc(JOAN.US)$ : Loop Capital Downgrades to Hold from Buy - PT $8 (from $10)

• $Altria(MO.US)$ : Barclays Downgrades to Underweight from Equalweight - PT $36 (from $53)

• $Qorvo(QRVO.US)$ : BofA Securities Downgrades to Underperform from Neutral - PT $95

• $Rent-A-Center(RCII.US)$ : Stephens Downgrades to Equal Weight from Overweight

• $Sally Beauty Holdings(SBH.US)$ : Raymond James Downgrades to Underperform from Market Perform

• $Skyworks Solutions(SWKS.US)$ : BofA Securities Downgrades to Underperform from Neutral - PT $105

• $Teradyne(TER.US)$ : BofA Securities Downgrades to Neutral from Buy - PT $110 (from $140)

• $T. Rowe Price(TROW.US)$ : KBW Downgrades to Underperform from Market Perform - PT $107 (from $122)

• $Texas Instruments(TXN.US)$ : BofA Securities Downgrades to Neutral from Buy - PT $175 (from $190)

• $Upstart(UPST.US)$ : Morgan Stanley Downgrades to Underweight from Equalweight - PT $19 (from $88)

• $Victory Capital(VCTR.US)$ : KBW Downgrades to Market Perform from Outperform - PT $29

• $WisdomTree Investments(WETF.US)$ : KBW Downgrades to Market Perform from Market Perform - PT $6 (from $7.25)

• $World Acceptance(WRLD.US)$ : Stephens Downgrades to Underweight from Equal Weight - PT $159

• $Zendesk(ZEN.US)$ : Craig-Hallum Downgrades to Hold from Buy - PT $77.50

Initiated

• $Las Vegas Sands(LVS.US)$ : Barclays initiates at Overweight - PT $39

• $Marriott International(MAR.US)$ : Barclays initiates at Overweight - PT $164

• $MongoDB(MDB.US)$ : Redburn initiates at Sell - PT $190

• $Microsoft(MSFT.US)$ : Redburn initiates at Neutral - PT $370

• $Vail Resorts(MTN.US)$ : Barclays initiates at Underweight - PT $217

• $Norwegian Cruise(NCLH.US)$ : Barclays initiates at Equalweight - PT $14

• $Sunnova Energy International(NOVA.US)$ : Wells Fargo initiates at Equal Weight - PT $22

• $Energy Vault(NRGV.US)$ : Chardan Capital initiates at Buy - PT $13

• $PotlatchDeltic Corp(PCH.US)$ : Truist Securities initiates at Hold - PT $50

• $Penn Entertainment(PENN.US)$ : Barclays initiates at Overweight - PT $37

• $Royal Caribbean(RCL.US)$ : Barclays initiates at Overweight - PT $56

• $REV Group(REVG.US)$ : DA Davidson initiates at Neutral - PT $11

• $Sunrun(RUN.US)$ : Wells Fargo initiates at Equal Weight - PT $27.50

• $Seagen(SGEN.US)$ : Raymond James initiates at Outperform - PT $220

• $Solid Power(SLDP.US)$ : Chardan Capital initiates at Buy - PT $8

• $Snowflake(SNOW.US)$ : Redburn initiates at Neutral - PT $125

• $Travel Plus Leisure(TNL.US)$ : Barclays initiates at Equalweight - PT $39

• $Marriott Vacations Worldwide(VAC.US)$ : Barclays initiates at Overweight - PT $136

• $WeWork(WE.US)$ : UBS initiates at Neutral - PT $6.50

• $Wyndham Hotels & Resorts(WH.US)$ : Barclays initiates at Equalweight - PT $77

• $Weyerhaeuser Co(WY.US)$ : Truist Securities initiates at Hold - PT $37

• $Wynn Resorts(WYNN.US)$ : Barclays initiates at Overweight - PT $37

• $Full Truck Alliance(YMM.US)$ : Credit Suisse initiates at Outperform - PT $12

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