US BROKER MOVES: CRI upgraded at Wells Fargo; ZGN downgraded at Goldman Sachs
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US Retail Sales Ex Gas/Autos MoM (May) M/M 0.5% (Prev. 0.5%, Low. -0.1%, High. 0.8%)
Lebanese President Aoun says we are in favour of a ceasefire and of any country that helps us achieve it, including Iran
US BROKER MOVES: CRI upgraded at Wells Fargo; ZGN downgraded at Goldman Sachs
PREVIEW: US Retail Sales (May) due at 13:30BST/08:30EDT
Diana Shipping (DSX) raises offer to acquire Genco Shipping & Trading (GNK) to USD 27.34/shr; comprised of USD 24.80 in cash and one Diana share valued at USD 2.54 per Genco share
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UPGRADES
- Credicorp (BAP) Upgraded to Overweight at Morgan Stanley; PT USD 480 (prev USD 375)
- Carter’s (CRI) Upgraded to Equalweight at Wells Fargo; PT USD 42 (prev USD 30)
- Charles River Laboratories (CRL) Upgraded to Overweight at Morgan Stanley; PT USD 220 (prev USD 185)
- Macerich (MAC) Upgraded to Neutral at JPMorgan; PT USD 25 (prev USD 23)
- MFA Financial (MFA) Upgraded to Buy at BTIG; PT USD 10.50
- AG Mortgage Investment Trust (MITT) Upgraded to Buy at BTIG; PT USD 9
- Wabash National (WNC) Upgraded to Buy at DA Davidson
DOWNGRADES
- Cognizant (CTSH) Downgraded to Hold at Berenberg; PT USD 59 (prev USD 81)
- IQVIA (IQV) Downgraded to Equalweight at Morgan Stanley; PT USD 200 (prev USD 225)
- Leidos (LDOS) Downgraded to Neutral at BofA Securities; PT USD 125 (prev USD 200)
- Rexford Industrial Realty (REXR) Downgraded to Underweight at JPMorgan; PT USD 36 (prev USD 38)
- ResMed (RMD) Downgraded to Equalweight at Morgan Stanley; PT USD 230 (prev USD 286)
- Grupo Televisa (TV) Downgraded to Reduce at New Street Research; PT USD 2.20
- Zegna (ZGN) Downgraded to Neutral at Goldman Sachs; PT USD 14 (prev USD 13.30)
INITIATIONS
- Allegiant Travel (ALGT) Initiated Buy at Goldman Sachs; PT USD 125
- Middleby (MIDD) Initiated Outperform at Oppenheimer; PT USD 205
- Onto Innovation (ONTO) Initiated Buy at Freedom Broker; PT USD 370
- Tyra Biosciences (TYRA) Initiated Buy at Jones Trading; PT USD 56
- Western Midstream Partners (WES) Initiated Outperform at Mizuho; PT USD 48
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