| UPGRADES | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Ball Corp | BALL | Barclays | Equal Weight>>Overweight | $61>>$59 |
| O-I Glass | OI | Barclays | Underweight>>Equal Weight | $19>>$18 |
| PPG Industries | PPG | Barclays | Equal Weight>>Overweight | $160 |
| CAVA Group | CAVA | Morgan Stanley | Equal-Weight>>Overweight | $45>>$41 |
| CSX | CSX | JP Morgan | Neutral>>Overweight | $37>>$40 |
| Iris Energy | IREN | JP Morgan | Neutral>>Overweight | $6>>$6.5 |
| Take-Two | TTWO | Raymond James | Mkt Perform>>Outperform | $170 |
| Shoals Technologies | SHLS | Goldman | Neutral>>Buy | $27>>$28 |
| Carlsberg A/S | CABGY | Morgan Stanley | Equal-Weight>>Overweight | |
| Croda Intl | COIHY | JP Morgan | Underweight>>Neutral | |
| Eldorado Gold | EGO | Stifel | Hold>>Buy | |
| Coherent | COHR | B. Riley Securities | Neutral>>Buy | $31>>$37 |
| PNC | PNC | BofA Securities | Underperform>>Neutral | |
| | | | |
| DOWNGRADES | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Arista Networks | ANET | Piper Sandler | Overweight>>Neutral | $190 |
| Olin | OLN | Barclays | Overweight>>Equal Weight | $60>>$52 |
| Portillo’s | PTLO | Morgan Stanley | Overweight>>Equal-Weight | $26>>$19 |
| FleetCor | FLT | Robert W. Baird | Outperform>>Neutral | $275>>$302 |
| Morgan Stanley | MS | UBS | Buy>>Neutral | $110>>$84 |
| Perimeter Solutions | PRM | UBS | Buy>>Neutral | $7>>$4.25 |
| RTX | RTX | UBS | Buy>>Neutral | $110>>$80 |
| Cboe Global Markets | CBOE | Deutsche Bank | Buy>>Hold | $168 |
| EverCommerce | EVCM | JP Morgan | Overweight>>Neutral | $14>>$12 |
| Omnicell | OMCL | KeyBanc Capital Markets | Overweight>>Sector Weight | |
| Intercontinental Hotels Group | IHG | Exane BNP Paribas | Neutral>>Underperform | |
| HubSpot | HUBS | Raymond James | Strong Buy>>Outperform | $600>>$520 |
| Silk Road Medical | SILK | Citigroup | Buy>>Sell | $35>>$8 |
| Silk Road Medical | SILK | Stifel | Buy>>Hold | $45>>$12 |
| Silk Road Medical | SILK | CL King | Buy>>Neutral | |
| RXO, Inc. | RXO | JP Morgan | Neutral>>Underweight | $17>>$16 |
| Moller Maersk | AMKBY | Deutsche Bank | Hold>>Sell | |
| Heineken | HEINY | Morgan Stanley | Overweight>>Equal-Weight | |
| Hapag-Lloyd Aktiengesellschaft | HPGLY | Deutsche Bank | Hold>>Sell | |
| Timken | TKR | BofA Securities | Neutral>>Underperform | $100>>$74 |
| Texas Instruments | TXN | Oppenheimer | Outperform>>Perform | |
| Alnylam Pharma | ALNY | Oppenheimer | Outperform>>Perform | |
| Silk Road Medical | SILK | B. Riley Securities | Buy>>Neutral | $54>>$14 |
| Saratoga Investment | SAR | Hovde Group | Outperform>>Market Perform | $27 |
| Maxeon Solar | MAXN | ROTH MKM | Buy>>Neutral | $25>>$10 |
| | | | |
| NEW COVERAGE | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| WillScot Mobile Mini | WSC | Wells Fargo | Overweight | $52 |
| CAVA Group | CAVA | Wedbush | Neutral | $33 |
| Antero Resources | AR | Bernstein | Mkt Perform | $29 |
| EQT Corp. | EQT | Bernstein | Underperform | $30,00 |
| Range Resources | RRC | Bernstein | Mkt Perform | $32,00 |
| Boeing | BA | UBS | Buy | $275 |
| General Dynamics | GD | UBS | Neutral | $265,00 |
| Howmet Aerospace | HWM | UBS | Neutral | $51,00 |
| Hexcel | HXL | UBS | Buy | $81,00 |
| Lockheed Martin | LMT | UBS | Neutral | $470,00 |
| Northrop Grumman | NOC | UBS | Buy | $555,00 |
| Spirit Aerosystems | SPR | UBS | Neutral | $17,00 |
| Transdigm Group | TDG | UBS | Neutral | $950 |
| Textron | TXT | UBS | Sell | $73 |
| WisdomTree | WT | UBS | Buy | $8.5>>$9 |
| Woodward | WWD | UBS | Buy | $152,00 |
| Cipher Mining | CIFR | JP Morgan | Neutral | |
| CleanSpark | CLSK | JP Morgan | Overweight | $6 |
| Marathon Digital Holdings | MARA | JP Morgan | Underweight | $5,00 |
| Riot Platforms | RIOT | JP Morgan | Underweight | $6,50 |
| Sprout Social | SPT | Stephens | Overweight | $78 |
| Syndax Pharmaceuticals | SNDX | Goldman | Buy | $30,00 |
| Globant | GLOB | BofA Securities | Neutral | $202,00 |
| Columbia Financial | CLBK | Janney | Buy | $18 |
| RayzeBio | RYZB | Evercore ISI | Outperform | |
| Bombardier | BDRBF | UBS | Sell | |
| RHEINMETALL AG | RNMBY | Barclays | Overweight | |
| Encore Wire | WIRE | CJS Securities | Market Outperform | $235,00 |
| VEON | VEON | New Street | Buy | |
| J. Jill | JILL | B. Riley Securities | Buy | $35,00 |
| Erasca | ERAS | H.C. Wainwright | Buy | $10,00 |
| Robinhood Markets | HOOD | Needham | Hold | |
| Healthpeak | PEAK | Exane BNP Paribas | Underperform | $18,00 |
| Medical Properties Trust | MPW | Exane BNP Paribas | Neutral | $5,50 |
| Alexandria RE | ARE | Exane BNP Paribas | Neutral | $108,00 |
| Omega Health | OHI | Exane BNP Paribas | Neutral | $36,00 |
| Ventas | VTR | Exane BNP Paribas | Outperform | $47,00 |
