| UPGRADES | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Alignment Healthcare | ALHC | Raymond James | Outperform>>Strong Buy | $9>>$10 |
| Patterson-UTI | PTEN | BofA Securities | Neutral>>Buy | $14>>$16 |
| Wayfair | W | Loop Capital | Sell>>Hold | $60>>$50 |
| Chesapeake Utilities | CPK | Wells Fargo | Underweight>>Equal Weight | $115>>$100 |
| Sabra Health Care REIT | SBRA | Wells Fargo | Underweight>>Equal Weight | $13>>$15 |
| Trinity Industries | TRN | Susquehanna | Neutral>>Positive | $29>>$32 |
| Greenbrier | GBX | Susquehanna | Neutral>>Positive | $44>>$50 |
| Varonis Systems | VRNS | Morgan Stanley | Equal-Weight>>Overweight | $34>>$39 |
| Check Point Software | CHKP | Morgan Stanley | Underweight>>Equal-Weight | $118>>$144 |
| TAL Education | TAL | UBS | Neutral>>Buy | $12 |
| UBS AG | UBS | RBC Capital Mkts | Sector Perform>>Outperform | |
| UnitedHealth | UNH | UBS | Neutral>>Buy | $520>>$640 |
| Southern | SO | Scotiabank | Sector Perform>>Sector Outperform | $78 |
| Embraer SA | ERJ | Citigroup | Neutral>>Buy | $16 |
| Colgate-Palmolive | CL | Stifel | Hold>>Buy | $85>>$81 |
| Allison Transmission | ALSN | JP Morgan | Underweight>>Neutral | $63>>$70 |
| NICE | NICE | Morgan Stanley | Equal-Weight>>Overweight | $225>>$220 |
| Nucor | NUE | JP Morgan | Underweight>>Neutral | $151 |
| Pfizer | PFE | Jefferies | Hold>>Buy | $38>>$39 |
| D.R. Horton | DHI | Goldman | Neutral>>Buy | $132>>$131 |
| EHang | EH | Goldman | Neutral>>Buy | $30,50 |
| Proximus | BGAOY | Societe Generale | Sell>>Hold | |
| Severn Trent | SVTRF | Jefferies | Underperform>>Buy | |
| Salzgitter AG | SZGPY | JP Morgan | Underweight>>Neutral | |
| United Utilities Group | UUGRY | Jefferies | Hold>>Buy | |
| FMC Corp | FMC | Vertical Research | Hold>>Buy | $94 |
| Alliant Energy | LNT | Scotiabank | Sector Perform>>Sector Outperform | $60>>$59 |
| Planet Fitness | PLNT | Exane BNP Paribas | Underperform>>Neutral | $45 |
| Veralto | VLTO | Vertical Research | Hold>>Buy | $82 |
| Dollar General | DG | HSBC Securities | Reduce>>Hold | $102 |
| Clarivate | CLVT | Jefferies | Hold>>Buy | $10>>$8.5 |
| Dorian LPG | LPG | Pareto | Hold>>Buy | $27>>$35 |
| BANDAI NAMCO Holdings | NCBDF | UBS | Neutral>>Buy | |
| | | | |
| DOWNGRADES | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Boise Cascade | BCC | BofA Securities | Neutral>>Underperform | $111 |
| Pioneer Natural Resources | PXD | BMO Capital Markets | Outperform>>Market Perform | |
| Cactus | WHD | BofA Securities | Neutral>>Underperform | $46>>$47 |
| Crown Castle | CCI | RBC Capital Mkts | Outperform>>Sector Perform | $125>>$100 |
| Medical Properties Trust | MPW | Wells Fargo | Equal Weight>>Underweight | $7>>$4 |
| Enphase Energy | ENPH | BMO Capital Markets | Outperform>>Market Perform | $175>>$148 |
| Eversource Energy | ES | Scotiabank | Sector Outperform>>Sector Perform | $60,00 |
| Maxeon Solar | MAXN | BofA Securities | Buy>>Neutral | $31>>$12 |
| JD.com | JD | Bernstein | Outperform>>Mkt Perform | $55>>$31 |
| KB Home | KBH | Goldman | Buy>>Neutral | $54>>$48 |
| BioNTech | BNTX | HSBC Securities | Buy>>Hold | $124>>$111 |
| Ocado | OCDGF | Barclays | Equal Weight>>Underweight | |
| Realty Income | O | Scotiabank | Sector Outperform>>Sector Perform | $61>>$54 |
| Verisk Analytics | VRSK | Jefferies | Buy>>Hold | |
| Dominion Energy | D | Scotiabank | Sector Outperform>>Sector Perform | $56>>$46 |
| Cummins | CMI | JP Morgan | Neutral>>Underweight | $270>>$255 |
| Grindrod Shipping | GRIN | Alliance Global Partners | Buy>>Neutral | |
| | | | |
| NEW COVERAGE | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Nextracker | NXT | Janney | Buy | $43,00 |
| Vitesse | VTS | ROTH MKM | Buy | $30,50 |
| Zynex | ZYXI | RBC Capital Mkts | Outperform | $13,00 |
| WK Kellogg Co | KLG | BofA Securities | Neutral | $11,50 |
| Vestis | VSTS | JP Morgan | Overweight | $20,00 |
| Evolent Health | EVH | UBS | Buy | $46,00 |
| Credicorp LTD | BAP | Jefferies | Buy | $161 |
| Banco Bradesco | BBD | Jefferies | Buy | $4 |
| Banco de Chile | BCH | Jefferies | Hold | $21 |
| Banco Latinoamer | BLX | Jefferies | Buy | $37,00 |
| Banco Santander Chile | BSAC | Jefferies | Hold | $18,90 |
| Banco Santander Brasil | BSBR | Jefferies | Hold | $6 |
| Bancolombia S.A. | CIB | Jefferies | Hold | $28,60 |
| Intercorp Financial | IFS | Jefferies | Buy | $34,90 |
| Itau Unibanco Holding SA | ITUB | Jefferies | Hold | $6 |
| Nu Holdings | NU | Jefferies | Buy | $10,80 |
| Priority Technology Holdings | PRTH | Keefe Bruyette | Mkt Perform | $4,50 |
| Instacart | CART | Citigroup | Buy | $34 |
| Instacart | CART | BofA Securities | Neutral | $30,00 |
| Instacart | CART | Barclays | Overweight | $40,00 |
| Instacart | CART | JP Morgan | Overweight | $33,00 |
| Instacart | CART | JMP Securities | Mkt Outperform | $33,00 |
| Instacart | CART | Goldman | Buy | $48,00 |
| Instacart | CART | Wedbush | Neutral | $28,00 |
| Instacart | CART | Piper Sandler | Overweight | $36,00 |
| Instacart | CART | Stifel | Buy | $48,00 |
| Klaviyo | KVYO | Piper Sandler | Overweight | $38,00 |
| Klaviyo | KVYO | Robert W. Baird | Outperform | $40,00 |
| Klaviyo | KVYO | Barclays | Equal Weight | $37,00 |
| Klaviyo | KVYO | William Blair | Outperform | |
| Klaviyo | KVYO | TD Cowen | Outperform | $42,00 |
| Klaviyo | KVYO | Citigroup | Neutral | $38,00 |
| Klaviyo | KVYO | Mizuho | Buy | $40,00 |
| Klaviyo | KVYO | Canaccord Genuity | Buy | $37,00 |
| Klaviyo | KVYO | Goldman | Neutral | $36,00 |
| Klaviyo | KVYO | Truist | Buy | $42,00 |
| Klaviyo | KVYO | Morgan Stanley | Equal-Weight | $38,00 |
| Asahi Glass | ASGLY | Citigroup | Buy | |
| Klaviyo | KVYO | Needham | Buy | $40,00 |
| Gruma S.A.B. de CV | GPAGF | Jefferies | Buy | |
| Instacart | CART | Oppenheimer | Outperform | $36,00 |
| Instacart | CART | Robert W. Baird | Outperform | $31,00 |
| Lithium Americas | LAC | B. Riley Securities | Buy | $14,00 |
| Scilex Holding | SCLX | B. Riley Securities | Buy | $4,00 |
| Sony | SONY | The Benchmark Company | Buy | |
| Stellantis | STLA | Barclays | Overweigh | |
