US BROKER MOVES: CRDO upgraded at Evercore ISI; Roth Capital upgrades group of E&P names
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Canadian CPI Common YoY (May) Y/Y 2.7% vs. Exp. 2.5% (Prev. 2.5%)
Canadian CPI Average of Common, Median and Trimmed (May, Y/Y): 2.27% (prev. 2.20%)
US BROKER MOVES: CRDO upgraded at Evercore ISI; Roth Capital upgrades group of E&P names
Two supertankers enter into the Gulf through the Strait of Hormuz to load 4mln barrels of oil, and of the tankers heading to Iraqi port of Basra
US NEC Director Hassett says some really big tankers are going through the Strait of Hormuz
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UPGRADES
- TEN Holdings (TENX) Initiated Buy at Chardan; PT USD 27
- Spartan Capital (SPCX) Initiated Sector Weight at KeyBanc
- Linkage Global (NRCG) Initiated Market Outperform at Citizens; PT USD 23
- NRC (NRC) Initiated Market Outperform at Citizens; PT USD 23
- Luckin Coffee (LKNCY) Initiated Buy at Goldman Sachs; PT USD 49
- Hut 8 (HUT) Initiated Buy at Lucid Capital Markets; PT USD 226
- Global Payments (GPN) Initiated Equalweight at Morgan Stanley; PT USD 65
- Estée Lauder (EL) Initiated Buy at Goldman Sachs; PT USD 100
- EDAP TMS (EDAP) Initiated Buy at Lucid Capital Markets; PT USD 10
- Darling Ingredients (DAR) Initiated Equalweight at Barclays; PT USD 58
- Credo Technology (CRDO) Initiated Outperform at Evercore ISI; PT USD 325
- China Natural Resources (CNXU) Initiated Buy at H.C. Wainwright; PT USD 20
- China Telecom (CHA) Initiated Neutral at Goldman Sachs; PT USD 13.60
- Boyd Gaming (BYD) Initiated Buy at Benchmark; PT USD 100
- BILL Holdings (BILL) Initiated Buy at TD Cowen; PT USD 43
- Biote (BBOT) Initiated Outperform at Oppenheimer; PT USD 22
- ANL (ANL) Initiated Overweight at Cantor Fitzgerald
- Altimmune (ALT) Initiated Outperform at Leerink; PT USD 10
- AG Mortgage Investment Trust (AGMB) Initiated Buy at H.C. Wainwright; PT USD 35
DOWNGRADES
- Western Digital (WDC) Downgraded to Equalweight at Fox Advisors
- TE Connectivity (TEL) Downgraded to In Line at Evercore ISI; PT USD 230 (prev USD 260)
- Seagate Technology (STX) Downgraded to Equalweight at Fox Advisors
- Melco Resorts (MLCO) Downgraded to Equalweight at Morgan Stanley; PT USD 6 (prev USD 6.30)
- Cleveland-Cliffs (CLF) Downgraded to Equalweight at Morgan Stanley; PT USD 12.50
- Accenture (ACN) Downgraded to Hold at TD Cowen; PT USD 150 (prev USD 258)
- Apple (AAPL) Downgraded to Neutral at KGI Securities; PT USD 315
INITIATIONS
- Vistra Corp (VC) Initiated Overweight at JPMorgan; PT USD 165 (prev USD 108)
- Vistra Corp (VC) Initiated Overweight at Barclays; PT USD 145 (prev USD 115)
- Super Micro Computer (SMCI) Initiated Buy at GF Securities; PT USD 48
- Smurfit Westrock (SM) Initiated Buy at Roth/MKM; PT USD 32 (prev USD 30)
- uniQure (QURE) Initiated Overweight at Barclays; PT USD 65 (prev USD 25)
- Permian Resources (PR) Initiated Buy at Roth/MKM; PT USD 23 (prev USD 22)
- Ovintiv (OVV) Initiated Overweight at Wells Fargo; PT USD 80 (prev USD 57)
- Matador Resources (MTDR) Initiated Buy at Roth/MKM; PT USD 65
- Magnolia Oil & Gas (MGY) Initiated Buy at Roth/MKM; PT USD 31
- Kimco Realty (KIM) Initiated Outperform at Wolfe Research; PT USD 28
- Incyte (INCY) Initiated Market Perform at BMO Capital; PT USD 94 (prev USD 75)
- Diamondback Energy (FANG) Initiated Buy at Roth/MKM; PT USD 212 (prev USD 202)
- Enphase Energy (ENPH) Initiated Equalweight at Barclays; PT USD 51 (prev USD 30)
- ConocoPhillips (COP) Initiated Buy at Roth/MKM; PT USD 130 (prev USD 124)
- BWX Technologies (BWXT) Initiated Buy at Seaport Global Securities; PT USD 245
- Blackstone Mortgage Trust (BWIN) Initiated Overweight at JPMorgan; PT USD 28 (prev USD 25)
- APA Corp (APA) Initiated Buy at Roth/MKM; PT USD 38 (prev USD 37)
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