Notes
Analyst Price Target Updates:
🔻 Cuts:
🔸 $ACVA: Jefferies $25 ($27), Needham $25 ($28)
🔸 $ALB: Piper Sandler $85 ($90)
🔸 $AMGN: Bernstein $350 ($380)
🔸 $CE: Jefferies $55 ($70), JPM $54 ($92), RBC $56 ($84), Downgraded to Sector Perform
🔸 $ETSY: BTIG $60 ($65), Canaccord $76 ($105), Guggenheim $70 ($80)
🔸 $EXAS: Jefferies $80 ($85), Leerink $85 ($95)
🔸 $WST: Jefferies $240 ($393)
🔸 $WING: Benchmark $325, Bernstein $330 ($380), Jefferies $270 ($280), TD Cowen $305 ($365)
🔸 $ZTS: Jefferies $190 ($200)
🔺 Raises:
🔸 $AMPL: Baird $17 ($12), Outperform; Piper Sandler $17 ($15)
🔸 $ADI: JPM $300 ($280), Oppenheimer $270 ($245), Piper Sandler $240 ($220), TD Cowen $280 ($260)
🔸 $AIZ: KBW $230 ($212), Upgraded to Outperform
🔸 $AXSM: H.C. Wainwright $200 ($190)
🔸 $BELFA: Needham $100 ($95)
🔸 $BMRN: Scotiabank $80 ($78)
🔸 $CVNA: D.A. Davidson $260 ($220), Jefferies $265 ($225), Needham $340 ($330), RBC $320 ($280)
🔸 $CRL: JPM $165 ($175)
🔸 $CAKE: Citigroup $67 ($66), Jefferies $63 ($58)
🔸 $CWAN: Piper Sandler $36 ($28), Upgraded to Overweight
🔸 $CVS: Bernstein $71 ($52)
🔸 $DVN: Bernstein $48 ($50), JPM $48 ($45)
🔸 $EQT: JPM $58 ($53)
🔸 $GTLB: Wells Fargo $85 ($80)
🔸 $IFF: Citigroup $99 ($100)
🔸 $KVYO: Barclays $51 ($47), Benchmark $54 ($51), Needham $56 ($46), Piper Sandler $53 ($50)
🔸 $LRCX: Susquehanna $125 ($75), Upgraded to Positive
🔸 $MTDR: JPM $76 ($75)
🔸 $RBA: CIBC $116 ($108)
🔸 $RELY: JPM $30 ($21)
🔸 $ROKU: Jefferies $100 ($55), Upgraded to Hold
🔸 $TOST: JPM $42 ($36), KBW $42 ($40)
🔸 $TNL: Jefferies $70 ($62)
🔸 $VRTX: RBC $408 ($407)
🆕 Coverage Initiations:
🔸 $SEI: Piper Sandler Overweight, PT $37
🔸 $ORA: Jefferies Buy (from Hold), PT $78 ($73)
#Downgrades - Sep 26, 2024
$NTRS: Goldman Sachs Downgrades to Sell from Neutral - PT $82 (from $84)
$AMP: Goldman Sachs Downgrades to Neutral from Buy - PT $476
$RLJ: Wolfe Research Downgrades to Peerperform from Outperform
$PK: Wolfe Research Downgrades to Peerperform from Outperform
$GPN: CFRA Downgrades to Hold from Buy
$JWN: KeyBanc Downgrades to Sector Weight from Overweight
$SMAR: UBS Downgrades to Neutral from Buy - PT $56.50 (from $61)
$SONO: Morgan Stanley Downgrades to Underweight from Overweight - PT $11 (from $25)
$TNL: Barclays Downgrades to Underweight from Equalweight - PT $40 (from $46)
$GEHC: UBS Downgrades to Sell from Neutral - PT $74 (from $84)
$REG: Deutsche Bank Downgrades to Hold from Buy - PT $75 (from $70)
$HSY: Jefferies Downgrades to Underperform from Hold - PT $163 (from $184)
$FRO: SEB Equities Downgrades to Sell from Buy - PT $18.92
$RNW: Morgan Stanley Downgrades to Equalweight from Overweight - PT $7.31 (from $7.43)