Upgrades, Downgrades and New Research Coverage

Upgrades:

ArcelorMittal ($MT) upgraded to Overweight from Neutral at JPMorgan

Array Technologies ($ARRY) upgraded to Outperform from Neutral at Mizuho, Target: $5

Bank of America ($BAC) upgraded to Outperform from Neutral at Baird, Target: $62

BorgWarner ($BWA) upgraded to Buy from Neutral at BofA, Target: $85

Brighthouse Financial ($BHF) upgraded to Neutral from Underweight at JPMorgan, Target: $55

CarMax ($KMX) upgraded to Buy from Underperform at BofA, Target: $65

Casey’s General Stores ($CASY) upgraded to Outperform from Sector Perform at RBC Capital, Target: $825

Cemex ($CX) upgraded to Buy from Neutral at Citi, Target: $12

Crocs ($CROX) upgraded to Overweight from Equal Weight at Barclays, Target: $139

Fortrea ($FTRE) upgraded to Buy from Hold at Deutsche Bank, Target: $25

Lithium Americas ($LAC) upgraded to Speculative Buy from Hold at Canaccord

Quantinuum ($QNT) upgraded to Overweight from Equal Weight at Morgan Stanley, Target: $62

Scotts Miracle-Gro ($SMG) upgraded to Buy from Neutral at UBS, Target: $70

Walmart ($WMT) upgraded to Buy from Hold at Deutsche Bank, Target: $136

Zions Bancorp ($ZION) upgraded to Outperform from Neutral at Baird, Target: $75

Downgrades:

Albertsons ($ACI) downgraded to Neutral from Overweight at JPMorgan, Target: $14

Albertsons ($ACI) downgraded to Neutral from Buy at Goldman Sachs, Target: $13

Align Technology ($ALGN) downgraded to Neutral from Outperform at Baird, Target: $162

Cirrus Logic ($CRUS) downgraded to Sector Weight from Overweight at KeyBanc

Dauch ($DCH) downgraded to Underperform from Buy at BofA, Target: $5

Envista ($NVST) downgraded to Neutral from Outperform at Baird, Target: $26

Par Pacific ($PARR) downgraded to Neutral from Buy at Goldman Sachs, Target: $94

Spotify ($SPOT) downgraded to Hold from Buy at StoneX

ZTO Express ($ZTO) downgraded to Neutral from Buy at Goldman Sachs, Target: $22

New research coverage

AngloGold Ashanti ($AU) initiated with a Buy at Goldman Sachs, Target: $104

Antero Resources ($AR) initiated with a Sector Outperform at Scotiabank, Target: $46

APA Corp. ($APA) initiated with a Sector Perform at Scotiabank, Target: $44

Black Hills ($BKH) initiated with a Buy at Jefferies, Target: $87

Bright Minds Biosciences ($DRUG) initiated with an Outperform at Wolfe Research, Target: $150

CAMP4 Therapeutics ($CAMP) initiated with a Buy at Needham, Target: $8

Chord Energy ($CHRD) initiated with a Sector Outperform at Scotiabank, Target: $192

CNX Resources (CNX) initiated with a Sector Perform at Scotiabank, Target: $34

Crescent Energy ($CRGY) initiated with a Sector Outperform at Scotiabank, Target: $18

CRISPR Therapeutics ($CRSP) initiated with a Neutral at UBS, Target: $52

Devon Energy ($DVN) initiated with a Sector Outperform at Scotiabank, Target: $61

Diamondback Energy ($FANG) initiated with a Sector Outperform at Scotiabank, Target: $250

Digital Turbine ($APPS) resumed with a Buy at Roth Capital, Target: $19

Eloxx Pharmaceuticals ($ELOX) initiated with an Overweight at Cantor Fitzgerald

EOG Resources ($EOG) initiated with a Sector Perform at Scotiabank, Target: $144

EQT Corporation ($EQT) initiated with a Sector Perform at Scotiabank, Target: $54

Establishment Labs ($ESTA) initiated with a Buy at Stifel, Target: $85

Fidelity National Information Services ($FIS) resumed with a Buy at BofA, Target: $42

First Financial Bankshares ($FFIN) initiated with a Market Perform at Raymond James

Fiserv ($FISV) resumed with an Underperform at BofA, Target: $48

Global Payments ($GPN) resumed with a Buy at BofA, Target: $114

Gold Fields ($GFI) initiated with a Neutral at Goldman Sachs, Target: $38

Gulfport Energy ($GPOR) initiated with a Sector Outperform at Scotiabank, Target: $217

HawkEye 360 ($HAWK) initiated with an Overweight at Piper Sandler, Target: $22

Hemab Therapeutics ($COAG) initiated with an Overweight at JPMorgan, Target: $70

Infinity Natural Resources ($INR) initiated with a Sector Outperform at Scotiabank, Target: $17

Magnolia Oil & Gas ($MGY) initiated with a Sector Outperform at Scotiabank, Target: $31

Matador Resources ($MTDR) initiated with a Sector Perform at Scotiabank, Target: $59

MGE Energy ($MGEE) initiated with a Neutral at JPMorgan, Target: $76

Murphy Oil ($MUR) initiated with a Sector Perform at Scotiabank, Target: $41

Netflix ($NFLX) assumed with a Buy at Jefferies, Target: $85

Northern Oil and Gas ($NOG) initiated with a Sector Perform at Scotiabank, Target: $27

onsemi ($ON) initiated with a Buy at StoneX, Target: $110

Ovid Therapeutics ($OVID) initiated with an Outperform at Wolfe Research, Target: $5

Permian Resources ($PR) initiated with a Sector Outperform at Scotiabank, Target: $29

Rapport Therapeutics ($RAPP) initiated with an Outperform at Wolfe Research, Target: $50

Rapport Therapeutics ($RAPP) initiated with a Buy at UBS, Target: $71

Redwire ($RDW) initiated with a Neutral at Piper Sandler, Target: $11

Shift4 Payments ($FOUR) resumed with a Neutral at BofA, Target: $42

Sight Sciences ($SGHT) initiated with a Buy at H.C. Wainwright, Target: $14

SM Energy ($SM) initiated with a Sector Perform at Scotiabank, Target: $39

Solid Biosciences ($SLDB) initiated with a Buy at UBS, Target: $20

Spectrum Brands ($SPB) resumed with a Buy at UBS, Target: $97

Suja Life ($SUJA) initiated with a Hold at Needham

Ultragenyx ($RARE) initiated with a Neutral at UBS, Target: $16

Vail Resorts ($MTN) initiated with a Market Perform at Citizens

Versant Media ($VSNT) initiated with an Equal Weight at Morgan Stanley, Target: $38

Viking Therapeutics ($VKTX) initiated with a Buy at UBS, Target: $94

Viper Energy ($VNOM) initiated with a Sector Outperform at Scotiabank, Target: $54

Warner Music Group ($WMG) initiated with a Buy at StoneX

Wave Life Sciences ($WVE) initiated with a Buy at UBS, Target: $11

York Space Systems ($YSS) initiated with a Neutral at Piper Sandler, Target: $9

Position: TheStreet Pro Portfolio is long BAC, NFLX