Top upgrades and downgrades on 6/22: JNJ, NKE, BURL, CI and more

Analysts Notebook wrote a column · Jun 22, 2022 06:58

Upgrades

• $Brixmor Property Group Inc (BRX.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $25 (from $27)

• $Cigna Group (CI.US)$ : Morgan Stanley Upgrades to Overweight from Equalweight - PT $296 (from $283)

• $Enerpac Tool (EPAC.US)$ : Wells Fargo Upgrades to Overweight from Equal Weight - PT $23 (from $22)

• $Equity Residential (EQR.US)$ : RBC Capital Upgrades to Outperform from Sector Perform - PT $79 (from $95)

• $Extra Space Storage Inc (EXR.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $193 (from $224)

• $The Kraft Heinz (KHC.US)$ : BMO Capital Upgrades to Outperform from Market Perform - PT $46

• $Noah Holdings (NOAH.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $20 (from $18.50)

• $Palomar Holdings (PLMR.US)$ : Piper Sandler Upgrades to Overweight from Neutral - PT $70

• $PNM Resources (PNM.US)$ : Mizuho Securities Upgrades to Buy from Neutral - PT $52 (from $53)

• $SiteOne Landscape Supply (SITE.US)$ : RBC Capital Upgrades to Sector Perform from Underperform - PT $118 (from $128)

• $Sensata Technologies (ST.US)$ : Wolfe Research Upgrades to Outperform from Peerperform - PT $55

• $Summit Materials (SUM.US)$ : RBC Capital Upgrades to Outperform from Sector Perform - PT $31 (from $33)

• $Taylor Morrison Home (TMHC.US)$ : RBC Capital Upgrades to Outperform from Sector Perform - PT $28 (from $32)

• $Welltower Inc (WELL.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $89 (from $94)

Downgrades

• $Anthem (ANTM.US)$ : Morgan Stanley Downgrades to Equalweight from Overweight - PT $533 (from $607)

• $Beacon Roofing Supply (BECN.US)$ : RBC Capital Downgrades to Sector Perform from Outperform - PT $58 (from $70)

• $Burlington Stores (BURL.US)$ : Cowen Downgrades to Market Perform from Outperform - PT $175 (from $209)

• $Convey Health Solutions (CNVY.US)$ : Guggenheim Downgrades to Neutral from Buy

• $Dow Inc (DOW.US)$ : Credit Suisse Downgrades to Underperform from Neutral - PT $49 (from $67)

• $GMS Inc (GMS.US)$ : RBC Capital Downgrades to Sector Perform from Outperform - PT $46 (from $73)

• $Hudson Pacific Properties Inc (HPP.US)$ : BofA Securities Downgrades to Neutral from Buy - PT $20 (from $25)

• $Installed Building Products (IBP.US)$ : RBC Capital Downgrades to Underperform from Sector Perform - PT $71 (from $91)

• $Jack in the Box (JACK.US)$ : Cowen Downgrades to Market Perform from Outperform - PT $68 (from $115)

• $JELD-WEN Holding (JELD.US)$ : RBC Capital Downgrades to Underperform from Sector Perform - PT $12 (from $20)

• $NextEra Energy (NEE.US)$ : CFRA Downgrades to Hold from Buy - PT $80 (from $92)

• $Nike (NKE.US)$ : Seaport Global Securities Downgrades to Neutral from Buy

• $PulteGroup (PHM.US)$ : RBC Capital Downgrades to Sector Perform from Outperform - PT $41 (from $56)

• $Boston Beer (SAM.US)$ Bernstein Downgrades to Market Perform from Outperform - PT $340 (from $565)

• $SiteOne Landscape Supply (SITE.US)$ : RBC Capital Downgrades to Sector Perform from Outperform - PT $118 (from $128)

• $The Scotts Miracle (SMG.US)$ : Wells Fargo Downgrades to Equal Weight from Overweight - PT $85 (from $115)

Initiated

• $Akoya Biosciences (AKYA.US)$ : BTIG initiates at Buy - PT $16

• $Celularity (CELU.US)$ : H.C. Wainwright initiates at Buy - PT $15

• $4D Molecular Therapeutics (FDMT.US)$ : Jefferies initiates at Buy - PT $22

• $Holley (HLLY.US)$ : BofA Securities initiates at Buy - PT $13

• $Johnson & Johnson (JNJ.US)$ : Daiwa Securities initiates at Buy - PT $180

• $ProFrac Holding (PFHC.US)$ : Johnson Rice initiates at Buy - PT $31

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Giovanni Ayala : slow and steady we still win the race

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