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U.S. RESEARCH ROUNDUP-Citigroup, Salesforce, Zscaler

Reuters·12/03/2024 07:11:04
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U.S. RESEARCH ROUNDUP-Citigroup, Salesforce, Zscaler

- Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Citigroup, Salesforce and Zscaler, on Tuesday.


HIGHLIGHTS


* Citigroup C.N: KBW raises to outperform from market perform

* PTC Therapeutics Inc PTCT.O: RBC raises to outperform from sector perform

* Salesforce Inc CRM.N: D.A. Davidson raises target price to $300 from $250

* State Street Corp STT.N: KBW raises to outperform from market perform

* Zscaler Inc ZS.O: Piper Sandler raises target price to $235 from $215

Following is a summary of research actions on U.S. companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. See bottom of the table for sector changes.

* AGCO Corp AGCO.N: Morgan Stanley initiates coverage with equal-weight rating; PT $101

* Agilysys Inc AGYS.O: Oppenheimer raises target price to $150 from $135

* Alexandria Real Estate Equities Inc ARE.N: Mizuho cuts target price to $121 from $142

* Apogee Therapeutics Inc APGE.O: Jefferies raises target price to $82 from $75

* Ares Management Corp ARES.N: CFRA raises target price by $15 to $205

* ASML Holding NV ASML.O: Exane BNP Paribas reinitiates coverage with outperform rating

* ASML Holding NV ASML.O: Exane BNP Paribas reinitiates coverage with target price $858

* Autodesk Inc ADSK.O: UBS initiates coverage with buy rating; target price $350

* Autozone Inc AZO.N: Wells Fargo raises target price to $3,450 from $3,400

* Axon Enterprise Inc AXON.O: Morgan Stanley raises PT to $700 from $500

* Axon Enterprise Inc AXON.O: Morgan Stanley raises to overweight from equal-weight

* Axsome Therapeutics Inc AXSM.O: Mizuho raises target price to $124 from $106

* Bank of America BAC.N: KBW raises target price to $57 from $50

* Bank of New York Mellon Corp BK.N: KBW raises target price to $96 from $87

* Cars.com Inc CARS.N: BTIG raises target price to $25 from $23

* Cavco Industries Inc CVCO.O: Wedbush cuts to neutral from outperform

* Centerpoint Energy CNP.N: UBS raises to buy from neutral; raises PT to $37 from $31

* Chevron Corp CVX.N: UBS raises target price to $195 from $194

* Citi Trends Inc CTRN.O: Craig-Hallum raises target price to $20 from $14

* Citigroup C.N: KBW raises target price to $82 from $70

* Citigroup C.N: KBW raises to outperform from market perform

* Clearwater Analytics Holdings Inc CWAN.N: Oppenheimer raises PT to $40 from $35

* Comcast Corp CMCSA.O: Moffettnathanson raises target price to $58 from $57

* Compass Inc COMP.N: Oppenheimer raises target price to $9.50 from $8.50

* Cousins Properties Inc CUZ.N: BMO cuts to market perform from outperform

* Cousins Properties Inc CUZ.N: BMO raises target price to $32 from $31

* CVS Health Corp CVS.N: Deutsche Bank raises to buy from hold

* Dave Inc DAVE.O: Benchmark raises target price to $119 from $95

* Deckers Brands DECK.N: Truist Securities raises target price to $230 from $205

* Dentsply Sirona Inc XRAY.O: UBS cuts target price to $27 from $35

* Docusign Inc DOCU.O: Jefferies raises target price to $95 from $80

* Douglas Emmett Inc DEI.N: BMO raises target price to $15 from $13

* DTE Energy Co DTE.N: UBS raises to buy from neutral; raises PT to $143 from $129

* Easterly Government Properties Inc DEA.N: BMO cuts target price to $12 from $13

* Ecovyst Inc ECVT.N: BMO raises target price to $10 from $9

* Edwards Lifesciences Corp EW.N: Barclays raises target price to $88 from $85

* Entergy ETR.N: UBS raises target price to $180 from $144

* Everi Holdings Inc EVRI.N: Jefferies raises target price to $14 from $9

* Evolent Health Inc EVH.N: BTIG cuts target price to $29 from $36

* Fedex Corp FDX.N: Bernstein cuts target price to $316 from $337

* Fedex Corp FDX.N: Bernstein cuts to market perform from outperform

* Fedex Corp FDX.N: JP Morgan raises target price to $366 from $350

* Fiverr International Ltd FVRR.N: UBS raises target price to $32 from $31

* Fuelcell Energy Inc FCEL.O: UBS cuts target price to $13.75 from $15

* GE Vernova Inc GEV.N: JP Morgan raises target price to $356 from $330

* Goldman Sachs GS.N: KBW raises target price to $686 from $570

* Graftech International Ltd EAF.N: Citigroup raises target price to $2.20 from $1

* Hess HES.N: UBS raises target price to $185 from $173

* Hologic Inc HOLX.O: Stephens cuts target price to $90 from $95

* Integer Holdings ITGR.N: Wells Fargo resumes coverage with overweight rating; PT $160

* IRhythm Technologies IRTC.O: Wells Fargo resumes coverage with equal weight rating; PT $86

* Janux Therapeutics Inc JANX.O: BTIG raises target price to $100 from $82

* Janux Therapeutics Inc JANX.O: H.C. Wainwright raises target price to $70 from $63

* Janux Therapeutics Inc JANX.O: Leerink Partners raises target price to $91 from $79

* Janux Therapeutics Inc JANX.O: Scotiabank raises target price to $62 from $42

* JBG Smith Properties JBGS.N: BMO cuts target price to $15 from $18

* JBG Smith Properties JBGS.N: BMO cuts to underperform from market perform

* JP Morgan JPM.N: KBW raises target price to $254 from $216

* Kilroy Realty Corp KRC.N: BMO raises target price to $45 from $40

* Kroger Co KR.N: BMO cuts to market perform from outperform

* Kroger Co KR.N: Jefferies raises target price to $73 from $54

* Kroger Co KR.N: Jefferies raises to buy from hold

* Lemonade Inc LMND.N: Jefferies raises target price to $20 from $17

* Ligand Pharmaceuticals Inc LGND.O: RBC raises target price to $141 from $140

* Maplebear Inc CART.O: Deutsche Bank initiates coverage with hold rating; PT $37

* Microchip Technology MCHP.O: Stifel cuts target price to $87 from $90

* Modivcare Inc MODV.O: Jefferies raises target price to $18 from $14

* Morgan Stanley MS.N: KBW raises target price to $138 from $121

* Northern Trust Corp NTRS.O: KBW raises target price to $113 from $100

* Ollie's Bargain Outlet Holdings Inc OLLI.O: Wells Fargo cuts PT to $95 from $100

* Ollie's Bargain Outlet Holdings Inc OLLI.O: Wells Fargo cuts to equal weight from overweight

* ONEOK Inc OKE.N: Truist Securities raises target price to $107 from $99

* Ooma Inc OOMA.N: Benchmark raises target price to $17 from $15

* Patterson Companies Inc PDCO.O: Leerink Partners cuts target price to $28 from $30

* Paychex Inc PAYX.O: TD Cowen raises target price to $146 from $131

* Pinterest PINS.N: zephirin Group cuts price objective by $3 to $28

* Procept Biorobotics Corp PRCT.O: Wells Fargo resumes coverage with overweight rating

* Procept Biorobotics Corp PRCT.O: Wells Fargo resumes coverage with price target $112

* PTC Therapeutics Inc PTCT.O: Barclays raises target price to $56 from $45

* PTC Therapeutics Inc PTCT.O: Jefferies raises target price to $62 from $55

* PTC Therapeutics Inc PTCT.O: JP Morgan raises target price to $74 from $62

* PTC Therapeutics Inc PTCT.O: Leerink Partners raises target price to $50 from $40

* PTC Therapeutics Inc PTCT.O: RBC raises target price to $63 from $39

* PTC Therapeutics Inc PTCT.O: RBC raises to outperform from sector perform

* PTC Therapeutics Inc PTCT.O: UBS raises target price to $71 from $47

* Realreal Inc REAL.O: BTIG raises target price to $6.75 from $5.50

* Revolution Medicines Inc RVMD.O: Guggenheim raises target price to $87 from $82

* Revolution Medicines Inc RVMD.O: JP Morgan raises target price to $71 from $63

* Rithm Capital Corp RITM.N: KBW raises target price to $13.5 from $13

* Salesforce Inc CRM.N: D.A. Davidson raises target price to $300 from $250

* ServiceNow Inc NOW.N: Oppenheimer raises target price to $1,150 from $1,020

* Sprout Social Inc SPT.O: Oppenheimer cuts target price to $38 from $40

* State Street Corp STT.N: KBW raises target price to $120 from $105

* State Street Corp STT.N: KBW raises to outperform from market perform

* Surgery Partners Inc SGRY.O: JP Morgan cuts target price to $28 from $38

* Suro Capital Corp SSSS.O: BTIG raises target price to $6.50 from $6

* Synchrony Financial SYF.N: Wells Fargo raises target price to $85 from $60

* Synchrony Financial SYF.N: Wells Fargo raises to overweight from equal weight

* TXNM Energy Inc TXNM.N: Mizuho raises target price to $50 from $44

* Ulta Beauty Inc ULTA.O: Canaccord Genuity raises target price to $476 from $442

* Ulta Beauty Inc ULTA.O: Piper Sandler raises target price to $360 from $357

* UMB Financial Corp UMBF.O: Raymond James raises target price to $150 from $130

* UnitedHealth Group UNH.N: Deutsche Bank raises target price to $625 from $595

* Upwork Inc UPWK.O: BTIG raises target price to $18 from $16

* US Physical Therapy Inc USPH.N: JP Morgan raises target price to $120 from $117

* Vivid Seats Inc SEAT.O: D.A. Davidson cuts target price to $5 from $5.50

* Vornado Realty Trust VNO.N: BMO raises target price to $48 from $44

* Wells Fargo & Co WFC.N: KBW raises target price to $79 from $61

* Western Digital Corp WDC.O: Citigroup cuts target price to $85 from $87

* Williams Companies Inc WMB.N: Truist Securities raises target price to $56 from $52

* Woodward Inc WWD.O: Barclays raises target price to $200 from $175

* Ziff Davis Inc ZD.O: UBS cuts target price to $65 from $76

* Zscaler Inc ZS.O: BMO raises target price to $222 from $197

* Zscaler Inc ZS.O: Canaccord Genuity raises target price to $230 from $220

* Zscaler Inc ZS.O: Deutsche Bank raises target price to $225 from $200

* Zscaler Inc ZS.O: Morgan Stanley cuts target price to $205 from $215

* Zscaler Inc ZS.O: Oppenheimer raises target price to $250 from $230

* Zscaler Inc ZS.O: Piper Sandler raises target price to $235 from $215

* Zscaler Inc ZS.O: Scotiabank raises target price to $205 from $195

* Zscaler Inc ZS.O: Wedbush raises target price to $230 from $220


Sector Changes:

* S&P 500 sector outlook: RBC cuts U.S. Healthcare to market weight from overweight

* S&P 500 sector outlook: RBC cuts U.S. Materials to market weight from overweight

* S&P 500 sector outlook: RBC raises U.S. Communication services to overweight from market weight


(Compiled by Bengaluru Newsroom)

((Diaries@thomsonreuters.com))