UPGRADES
Align Tech (ALGN)
Brokerage Firm: Evercore ISI | Action: Upgrade | Ratings Change: In-line » Outperform | Price Tgt: $625
Ally Financial (ALLY)
Brokerage Firm: Barclays | Action: Upgrade | Ratings Change: Equal Weight » Overweight | Price Tgt: $48
AT&T (T)
Brokerage Firm: Raymond James | Action: Upgrade | Ratings Change: Mkt Perform » Outperform | Price Tgt: $32
Atkore International (ATKR)
Brokerage Firm: Credit Suisse | Action: Upgrade | Ratings Change: Neutral » Outperform | Price Tgt: $54
CNOOC Ltd (CEO)
Brokerage Firm: Bernstein | Action: Upgrade | Ratings Change: Mkt Perform » Outperform | Price Tgt: —
Expedia Group (EXPE)
Brokerage Firm: BofA Securities | Action: Upgrade | Ratings Change: Neutral » Buy | Price Tgt: $153
Goldman Sachs (GS)
Brokerage Firm: Barclays | Action: Upgrade | Ratings Change: Equal Weight » Overweight | Price Tgt: $362
H.B. Fuller (FUL)
Brokerage Firm: Robert W. Baird | Action: Upgrade | Ratings Change: Neutral » Outperform | Price Tgt: $55 » $65
Hartford Financial (HIG)
Brokerage Firm: JP Morgan | Action: Upgrade | Ratings Change: Neutral » Overweight | Price Tgt: $55
Henry Schein (HSIC)
Brokerage Firm: Robert W. Baird | Action: Upgrade | Ratings Change: Neutral » Outperform | Price Tgt: $70 » $79
Humana (HUM)
Brokerage Firm: RBC Capital Mkts | Action: Upgrade | Ratings Change: Sector Perform » Outperform | Price Tgt: $479
Installed Building Products (IBP)
Brokerage Firm: Jefferies | Action: Upgrade | Ratings Change: Hold » Buy | Price Tgt: $106 » $132
Mettler-Toledo (MTD)
Brokerage Firm: Evercore ISI | Action: Upgrade | Ratings Change: Underperform » In-line | Price Tgt: $1150
Molson Coors Brewing (TAP)
Brokerage Firm: Jefferies | Action: Upgrade | Ratings Change: Hold » Buy | Price Tgt: $36 » $57
Morgan Stanley (MS)
Brokerage Firm: Barclays | Action: Upgrade | Ratings Change: Equal Weight » Overweight | Price Tgt: $88
Newell Brands (NWL)
Brokerage Firm: Jefferies | Action: Upgrade | Ratings Change: Hold » Buy | Price Tgt: $18 » $28
Reynolds Consumer Products (REYN)
Brokerage Firm: RBC Capital Mkts | Action: Upgrade | Ratings Change: Sector Perform » Outperform | Price Tgt: $34 » $35
Under Armour (UAA)
Brokerage Firm: Pivotal Research Group | Action: Upgrade | Ratings Change: Hold » Buy | Price Tgt: $15 » $20
Zimmer Biomet (ZBH)
Brokerage Firm: Evercore ISI | Action: Upgrade | Ratings Change: In-line » Outperform | Price Tgt: $175
DOWNGRADES
American Intl (AIG)
Brokerage Firm: Wells Fargo | Action: Downgrade | Ratings Change: Overweight » Equal Weight | Price Tgt: $42
Ball Corp (BLL)
Brokerage Firm: Robert W. Baird | Action: Downgrade | Ratings Change: Outperform » Neutral | Price Tgt: $105
Boeing (BA)
Brokerage Firm: Bernstein | Action: Downgrade | Ratings Change: Mkt Perform » Underperform | Price Tgt: $221 » $199
Chubb (CB)
Brokerage Firm: JP Morgan | Action: Downgrade | Ratings Change: Overweight » Neutral | Price Tgt: $155
Citigroup (C)
Brokerage Firm: Barclays | Action: Downgrade | Ratings Change: Overweight » Equal Weight | Price Tgt: $72
Coca-Cola (KO)
Brokerage Firm: RBC Capital Mkts | Action: Downgrade | Ratings Change: Outperform » Sector Perform | Price Tgt: $55
Colgate-Palmolive (CL)
Brokerage Firm: RBC Capital Mkts | Action: Downgrade | Ratings Change: Outperform » Sector Perform | Price Tgt: $90
Estee Lauder (EL)
Brokerage Firm: Raymond James | Action: Downgrade | Ratings Change: Outperform » Mkt Perform | Price Tgt: —
Masco (MAS)
Brokerage Firm: Jefferies | Action: Downgrade | Ratings Change: Buy » Hold | Price Tgt: $69 » $61
Mesa Laboratories (MLAB)
Brokerage Firm: Evercore ISI | Action: Downgrade | Ratings Change: Outperform » In-line | Price Tgt: $300
Mimecast (MIME)
Brokerage Firm: BMO Capital Markets | Action: Downgrade | Ratings Change: Outperform » Market Perform | Price Tgt: $45 » $58
Pactiv Evergreen (PTVE)
Brokerage Firm: Robert W. Baird | Action: Downgrade | Ratings Change: Outperform » Neutral | Price Tgt: $19
PepsiCo (PEP)
Brokerage Firm: RBC Capital Mkts | Action: Downgrade | Ratings Change: Outperform » Sector Perform | Price Tgt: $153
Personalis (PSNL)
Brokerage Firm: BofA Securities | Action: Downgrade | Ratings Change: Buy » Neutral | Price Tgt: $40
Progressive (PGR)
Brokerage Firm: Wells Fargo | Action: Downgrade | Ratings Change: Equal Weight » Underweight | Price Tgt: $99
SAGE Therapeutics (SAGE)
Brokerage Firm: RBC Capital Mkts | Action: Downgrade | Ratings Change: Outperform » Sector Perform | Price Tgt: $83 » $86
Stanley Black & Decker (SWK)
Brokerage Firm: BofA Securities | Action: Downgrade | Ratings Change: Neutral » Underperform | Price Tgt: $175
SVB Financial Group (SIVB)
Brokerage Firm: Barclays | Action: Downgrade | Ratings Change: Overweight » Equal Weight | Price Tgt: $305 » $440
Zions Bancorp (ZION)
Brokerage Firm: Barclays | Action: Downgrade | Ratings Change: Overweight » Equal Weight | Price Tgt: $50
COVERAGE INITIATED
Airbnb (ABNB)
Brokerage Firm: BofA Securities | Action: Initiated | Ratings Change: Neutral | Price Tgt: $158
C3.ai (AI)
Brokerage Firm: JMP Securities | Action: Initiated | Ratings Change: Mkt Outperform | Price Tgt: $167
Churchill Downs (CHDN)
Brokerage Firm: BofA Securities | Action: Initiated | Ratings Change: Buy | Price Tgt: $235
DoorDash (DASH)
Brokerage Firm: BofA Securities | Action: Initiated | Ratings Change: Neutral | Price Tgt: $157
McDonald’s (MCD)
Brokerage Firm: Citigroup | Action: Initiated | Ratings Change: Neutral | Price Tgt: $230
PubMatic (PUBM)
Brokerage Firm: Oppenheimer | Action: Initiated | Ratings Change: Outperform | Price Tgt: —
Restaurant Brands Int’l (QSR)
Brokerage Firm: Citigroup | Action: Initiated | Ratings Change: Buy | Price Tgt: $74
REITERATED/PRICE TARGET CHANGED
Eton Pharmaceuticals (ETON)
Brokerage Firm: H.C. Wainwright | Action: Reiterated | Ratings Change: Buy | Price Tgt: $20 » $15