U.S. RESEARCH ROUNDUP-ACV Auctions, Asbury Automotive Group, Walmart

ACV Auctions

10/06/2024 15:14

June 10 (Reuters) - Wall Street securities analysts revised their ratings and price
targets on several US-listed companies, including Acv Auctions, Asbury Automotive Group and
Walmart, on Monday. 
    
    HIGHLIGHTS
     * ACV Auctions Inc  ACVA.O : JP Morgan raises to overweight from neutral 
     * Asbury Automotive Group Inc  ABG.N : JP Morgan cuts to neutral from overweight 
     * Lithia Motors Inc  LAD.N : JP Morgan raises to overweight from neutral 
     * Sonic Automotive Inc  SAH.N : JP Morgan raises to neutral from underweight 
     * Walmart  WMT.N : Jefferies raises target price to $77 from $75 
               
Following is a summary of research actions on US companies reported by Reuters on Monday. Stock
entries are in alphabetical order. 
    
                 * Academy Sports and Outdoors Inc  ASO.O : Truist Securities cuts PT to $73 from $75 
 
     * ACV Auctions Inc  ACVA.O : JP Morgan raises to overweight from neutral 
                 * Adobe Inc  ADBE.O : Citigroup cuts target price to $529 from $554 
 
     * Adobe Inc  ADBE.O : Melius Research cuts to hold from buy 
                 * Adobe Inc  ADBE.O : TD Cowen cuts target price to $625 from $640 
 
                 * Advance Auto Parts Inc  AAP.N : Mizuho cuts target price to $64 from $78 
 
                 * Advanced Micro Devices  AMD.O : Morgan Stanley cuts to equal-weight 
 
     * Advanced Micro Devices  AMD.O : Morgan Stanley cuts to equal-weight from overweight 
                 * Advanced Micro Devices Inc  AMD.O : Morgan Stanley cuts to equal-weight from overweight 
 
     * Advanced Micro Devices Inc  AMD.O : Susquehanna raises target price to $200 from $185 
     * Air Products and Chemicals  APD.N : Barclays raises target price to $290 from $245 
                 * Air Products and Chemicals  APD.N : BMO raises target price to $294 from $276 
 
                 * Air Products and Chemicals  APD.N : BofA Global Research raises PT to $312 from $275 
 
                 * Air Products and Chemicals  APD.N : Deutsche Bank raises PT to $310 from $260 
 
     * Air Products and Chemicals  APD.N : JP Morgan raises target price to $300 from $260 
                 * American Express Co  AXP.N : Citigroup initiates coverage with neutral rating; PT $250 
 
     * Anixa Biosciences Inc  ANIX.O : H.C. Wainwright cuts target price to $7 from $12 
     * Apollo  APO.N : TD Cowen raises target price to $146 from $137 
     * Applied DNA Sciences, Inc.  APDN.O : H.C. Wainwright cuts target price to $1.5 from $7 
     * Ares Management Corp  ARES.N : TD Cowen cuts target price to $168 from $171 
     * Asbury Automotive Group Inc  ABG.N : JP Morgan cuts to neutral from overweight 
                 * Blue Owl Capital Inc  OWL.N : Deutsche Bank resumes coverage with buy rating; PT $21 
 
     * Boot Barn Holdings Inc  BOOT.N : Benchmark raises target price to $140 
                 * Broadcom Inc  AVGO.O : Morgan Stanley resumes coverage with overweight rating; PT $1,658 
 
                 * BWX Technologies Inc  BWXT.N : Deutsche Bank cuts target price to $107 from $110 
 
     * Campbell Soup Co  CPB.N : D.A. Davidson raises target price to $49 from $47 
                 * Carpenter Technology Corp  CRS.N : TD Cowen raises target price to $125 from $116 
 
     * Carvana Co  CVNA.N : JP Morgan raises target price to $150 from $130 
                 * Celanese Corp  CE.N : BofA Global Research cuts price objective to $144 from $147 
 
                 * Celanese Corp  CE.N : Deutsche Bank cuts target price to $160 from $172 
 
                 * Chewy Inc  CHWY.N : Mizuho raises target price to $20 from $18 
 
                 * Cleveland-Cliffs Inc  CLF.N : Citigroup cuts target price to $18 from $22 
 
                 * Coca-Cola Co.  KO.N : Morgan Stanley raises target price to $70.00 from $68.00 
 
     * Concrete Pumping Holdings Inc  BBCP.O : D.A. Davidson cuts PT to $9 from $11 
                 * Delek US Holdings Inc  DK.N : TD Cowen cuts target price to $20 from $25 
 
                 * Delek US Holdings Inc  DK.N : TD Cowen cuts to sell from hold 
 
     * Docusign Inc  DOCU.O : Baird cuts target price to $55 from $65 
                 * Dutch Bros Inc  BROS.N : BofA Global Research raises price objective to $49 from $44 
 
                 * Energy Transfer LP  ET.N : Morgan Stanley raises target price to $20.00 from $19.00 
 
                 * Enterprise Products LP  EPD.N : Morgan Stanley cuts target price to $34.00 from $35.00 
 
                 * Equitrans Midstream Corp  ETRN.N : Morgan Stanley raises PT to $17.00 from $13.00 
 
                 * First Solar Inc  FSLR.O : BMO raises target price to $311 from $224 
 
     * Five9 Inc  FIVN.O : Wells Fargo cuts target price to $80 from $85 
     * Galecto Inc  GLTO.O : Oppenheimer cuts target price to $9 from $10 
                 * GE Aerospace  GE.N : Deutsche Bank raises target price to $209 from $195 
 
                 * Geron Corp  GERN.O : Stifel raises target price to $7 from $6 
 
     * Geron Corp  GERN.O : Wedbush raises target price to $8 from $7 
     * Goodrx Holdings Inc  GDRX.O : Morgan Stanley raises target price to $9.5 from $7 
     * Hecla Mining Co  HL.N : National Bank of Canada raises target price to $7.5 from $7.25 
     * Hubspot Inc  HUBS.N : Wells Fargo raises target price to $750 from $725 
     * Insmed Inc  INSM.O : Leerink Partners raises target price to $85 from $75 
     * J M Smucker Co  SJM.N : D.A. Davidson cuts target price to $126 from $132 
     * KKR & Co Inc  KKR.N : TD Cowen raises target price to $157 from $148 
                 * Krispy Kreme Inc  DNUT.O : Truist Securities raises target price to $15 from $13 
 
                 * Krispy Kreme Inc  DNUT.O : Truist Securities raises to buy from hold 
 
     * Lithia Motors Inc  LAD.N : JP Morgan raises target price to $280 from $270 
     * Lithia Motors Inc  LAD.N : JP Morgan raises to overweight from neutral 
     * Lyft Inc  LYFT.O : Moffettnathanson cuts target price to $14 from $15 
                 * Mohawk Industries Inc  MHK.N : Raymond James raises to strong buy from market perform 
 
                 * Nexpoint Residential Trust Inc  NXRT.N : Deutsche Bank cuts to hold from buy 
 
     * Nextera Energy Inc  NEE.N : Guggenheim raises target price to $82 from $80 
     * Nike Inc  NKE.N : Wells Fargo cuts target price to $115 from $120 
                 * Nike Inc  NKE.N : Wells Fargo cuts target price to $115 from $120 
 
                 * Nucor Corp  NUE.N : BMO cuts target price to $185 from $200 
 
     * Nvidia Corp  NVDA.O : Barclays adjusts PT to $145 from $1200 to reflect 10-for-1 stock split
     * Nvidia Corp  NVDA.O : TD Cowen adjusts PT to $140 from $1,200 to reflect 10-for-1 stock split 
     * Nvidia Corp  NVDA.O : Susquehanna raises target price to $1,450 from $1,200 
                 * Nvidia Corp  NVDA.O : Morgan Stanley cuts target price to $116.00 from $1160.00 
 
     * Old Dominion Freight Line Inc  ODFL.O : JP Morgan cuts PT to $204 from $219 
                 * ONEOK Inc  OKE.N : Morgan Stanley raises target price to $93.00 from $90.00 
 
                 * Oracle Corp  ORCL.N : Citigroup cuts target price to $128 from $133 
 
     * Ovintiv Inc  OVV.N : TD Cowen raises target price to $66 from $64 
                 * PayPal  PYPL.O : Citigroup raises target price to $81 from $79 
 
     * Pediatrix Medical Group Inc  MD.N : Jefferies cuts target price to $8 from $9 
     * PG&E Corp  PCG.N : JP Morgan raises target price to $22 from $19 
     * PG&E Corp  PCG.N : JP Morgan raises to overweight from neutral 
                 * Plains All American Pipeline LP  PAA.O : Morgan Stanley raises PT to $20.00 from $19.00 
 
                 * Plains GP Holdings L.P.  PAGP.O : Morgan Stanley raises PT to $20.00 from $19.00 
 
     * Planet Fitness Inc  PLNT.N : Jefferies raises target price to $100 from $62 
     * Planet Fitness Inc  PLNT.N : Jefferies raises to buy from hold 
     * Powerschool Holdings  PWSC.N : Barclays cuts to equal-weight from overweight 
     * Powerschool Holdings  PWSC.N : Jefferies cuts target price to $22.8 from $30 
     * Powerschool Holdings  PWSC.N : Jefferies cuts to hold from buy 
     * Powerschool Holdings  PWSC.N : RBC cuts to sector perform from outperform
     * Powerschool Holdings  PWSC.N : RBC ups PT to $22.8 from $22 
                 * Powerschool Holdings Inc  PWSC.N : William Blair cuts to market perform rating 
 
                 * Rocket Companies Inc  RKT.N : BofA Global Research raises PT to $9 from $8 
 
     * Saia Inc  SAIA.O : JP Morgan cuts target price to $578 from $580 
                 * Siteone Landscape Supply Inc  SITE.N : Stifel cuts target price to $150 from $165 
 
     * Snowflake Inc  SNOW.N : Jefferies cuts target price to $160 from $210 
     * Sonic Automotive Inc  SAH.N : JP Morgan raises target price to $58 from $53 
     * Sonic Automotive Inc  SAH.N : JP Morgan raises to neutral from underweight 
     * Sprouts Farmers market Inc  SFM.O : JP Morgan raises target price to $77 from $70 
                 * Steel Dynamics Inc  STLD.O : BMO cuts target price to $140 from $145 
 
                 * Stitch Fix Inc  SFIX.O : Mizuho raises target price to $3 from $2 
 
                 * Tandem Diabetes Care, Inc.  TNDM.O : Oppenheimer raises target price to $58 from $47 
 
                 * Targa Resources Corp  TRGP.N : Truist Securities raises target price to $125 from $120 
 
     * Targa Resources Corp  TRGP.N : Barclays raises target price to $123 from $122 
                 * Targa Resources Corp  TRGP.N : Morgan Stanley raises PT to $140.00 from $134.00 
 
                 * Tenaya Therapeutics Inc  TNYA.O : William Blair initiates coverage with outperform rating 
 
     * the J.M. Smucker Company  SJM.N : Barclays cuts target price to $123 from $132 
     * the Progressive Corp.  PGR.N : Morgan Stanley cuts PT to $255.00 from $256.00 
                 * the Progressive Corp.  PGR.N : Morgan Stanley cuts PT to $255.00 from $256.00 
 
                 * T-Mobile US Inc  TMUS.O : BofA Global Research raises price objective to $195 from $175 
 
     * Uber Technologies Inc  UBER.N : Moffettnathanson raises target price to $91 from $89 
                 * United States Steel Corp  X.N : BMO cuts target price to $43 from $45 
 
                 * Unity Software Inc  U.N : Stifel cuts target price to $25 from $30 
 
                 * Vail Resorts Inc  MTN.N : Macquarie cuts target price to $180 from $220 
 
     * Virco Mfg Corp  VIRC.O : Wedbush raises target price to $19 from $16 
     * Walmart  WMT.N : Jefferies raises target price to $77 from $75 
     * Walmart  WMT.N : JP Morgan raises to overweight from neutral; raises PT to $81 from $66 
     * Walmart  WMT.N : Telsey Advisory Group raises target price to $75 from $70 
                 * Walmart  WMT.N : Morgan Stanley raises target price to $75.00 from $70.00 
 
                 * Western Midstream Partners LP  WES.N : Morgan Stanley raises PT to $42.00 from $36.00 
 
                 * Williams Companies Inc  WMB.N : Citigroup raises target price to $45 from $40 
 
                 * Williams Companies Inc  WMB.N : Morgan Stanley raises PT to $48.00 from $45.00 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))