U.S. RESEARCH ROUNDUP-Cambridge Bancorp, Forward Air, Ribbon Communications

Altus Power

19/07/2023 08:22

July 19 (Reuters) - Wall Street securities analysts revised their ratings and price
targets on several U.S.-listed companies, including Cambridge Bancorp, Forward Air and Ribbon
Communications, on Wednesday. 

    HIGHLIGHTS
                 * Cambridge Bancorp  CATC.O : Piper Sandler cuts to neutral from overweight 
 
                 * Forward Air Corp  FWRD.O : Baird raises to outperform from neutral
 
                 * Ribbon Communications  RBBN.O : Craig-Hallum initiates coverage with buy rating 
 
 
Following is a summary of research actions on U.S. companies reported by Reuters on Wednesday.
Stock entries are in alphabetical order. 

                 * AAR Corp  AIR.N : RBC raises target price to $66 from $60 
 
                 * Altus Power Inc  AMPS.N : JP Morgan raises target price to $10 from $9 
 
                 * Amphenol Corp  APH.N : Baird raises target price to $89 from $87 
 
                 * Ares Management Corp  ARES.N : JP Morgan raises target price to $104 from $96 
 
                 * Array Technologies Inc  ARRY.O : Goldman Sachs raises target price to $28 from $27 
 
                 * Array Technologies Inc  ARRY.O : JP Morgan raises target price to $33 from $31 
 
                 * Azek Company Inc  AZEK.N : Baird raises target price to $38 from $30 
 
                 * Bank of America Corp  BAC.N : Jefferies raises target price to $31 from $30 
 
                 * Bank of America Corp  BAC.N : KBW raises target price to $31 from $28 
 
                 * Bank of New York Mellon Corp  BK.N : Evercore ISI raises target price to $47 from $46 
 
                 * Bank of New York Mellon Corp  BK.N : Jefferies raises target price to $55 from $54 
 
                 * Bank of New York Mellon Corp  BK.N : RBC raises target price to $50 from $49 
 
                 * Bloom Energy Corp  BE.N : JP Morgan raises target price to $22 from $20 
 
                 * Cambridge Bancorp  CATC.O : KBW cuts target price to $56 from $58 
 
                 * Cambridge Bancorp  CATC.O : Piper Sandler cuts to neutral from overweight 
 
                 * Charles Schwab Corp  SCHW.N : JP Morgan raises target price to $95 from $92 
 
                 * Charles Schwab Corp  SCHW.N : Piper Sandler raises target price to $77 from $69 
 
                 * Charles Schwab Corp  SCHW.N : Raymond James raises target price to $77 from $64 
 
                 * Cinemark Holdings Inc  CNK.N : JP Morgan cuts to neutral from overweight
 
                 * Cinemark Holdings Inc  CNK.N : JP Morgan cuts target price to $18 from $21 
 
                 * Constellation Brands Inc  STZ.N : Evercore ISI raises target price to $300 from $260 
 
                 * Crossfirst Bankshares Inc  CFB.O : Piper Sandler raises target price to $12 from $11 
 
                 * Enphase Energy Inc  ENPH.O : Goldman Sachs cuts target price to $250 from $285 
 
                 * Enphase Energy Inc  ENPH.O : JP Morgan cuts target price to $224 from $258 
 
                 * Enviva Inc  EVA.N : JP Morgan raises target price to $14 from $12 
 
                 * Equity Lifestyle Properties Inc  ELS.N : RBC cuts target price to $69 from $70 
 
                 * FB Financial Corp  FBK.N : D.A. Davidson raises target price by $3.50 to $37 
 
                 * FB Financial Corp  FBK.N : JP Morgan raises target price to $32 from $31 
 
                 * FB Financial Corp  FBK.N : Piper Sandler raises target price to $30 from $28 
 
                 * First Solar Inc  FSLR.O : JP Morgan raises target price to $192 from $185 
 
                 * Forward Air Corp  FWRD.O : Baird raises to outperform from neutral
 
                 * Forward Air Corp  FWRD.O : Baird raises target price to $130 from $106 
 
                 * Generac Holdings Inc  GNRC.N : JP Morgan raises target price to $189 from $169 
 
                 * Hancock Whitney Corp  HWC.O : D.A. Davidson raises target price by $4.50 to $49 
 
                 * Hancock Whitney Corp  HWC.O : Truist Securities raises target price to $47 from $43 
 
                 * Hannon Armstrong Sustainable Infrastructure Capital  HASI.N : JP Morgan cuts PT to $45
 from $49 
 
                 * Home Bancorp Inc  HBCP.O : Piper Sandler raises target price to $42 from $41 
 
                 * Immunogen Inc  IMGN.O : Piper Sandler raises target price to $24 from $16 
 
                 * Itron Inc  ITRI.O : JP Morgan raises target price to $64 from $54 
 
                 * J B Hunt Transport Services Inc  JBHT.O : JP Morgan raises target price to $220 from
 $208 
 
                 * Littelfuse Inc  LFUS.O : Baird raises target price to $325 from $285 
 
                 * Lockheed Martin Corp  LMT.N : JP Morgan cuts target price to $495 from $500 
 
                 * Lockheed Martin Corp  LMT.N : RBC cuts target price to $475 from $500 
 
                 * Lockheed Martin Corp  LMT.N : Vertical Research cuts target price to $505 from $514 
 
                 * Lockheed Martin Corp  LMT.N : Wells Fargo raises target price to $440 from $433 
 
                 * Mercantile Bank Corp  MBWM.O : KBW raises target price to $39 from $38 
 
                 * Mercantile Bank Corp  MBWM.O : Piper Sandler raises target price to $37 from $34 
 
                 * Microsoft  MSFT.O : JP Morgan raises target price to $385 from $350 
 
                 * Microsoft  MSFT.O : TD Cowen raises target price to $390 from $330 
 
                 * Moody's Corp  MCO.N : JP Morgan raises target price to $380 from $340 
 
                 * Morgan Stanley  MS.N : JP Morgan raises target price to $93 from $91 
 
                 * Morgan Stanley  MS.N : KBW raises target price to $105 from $100 
 
                 * Morgan Stanley  MS.N : RBC raises target price to $90 from $80 
 
                 * Nextera Energy Partners LP  NEP.N : JP Morgan cuts target price to $69 from $72 
 
                 * Nextracker Inc  NXT.O : JP Morgan raises target price to $50 from $44 
 
                 * Nicolet Bankshares Inc  NIC.N : Piper Sandler raises target price to $83 from $75 
 
                 * Ormat Technologies Inc  ORA.N : JP Morgan raises target price to $89 from $86 
 
                 * Owens Corning  OC.N : Evercore ISI raises target price to $162 from $150 
 
                 * PNC Financial Services Group Inc  PNC.N : Jefferies cuts target price to $112 from $115
 
                 * PNC Financial Services Group Inc  PNC.N : KBW raises target price to $127 from $118 
 
                 * PNC Financial Services Group Inc  PNC.N : RBC cuts target price to $140 from $148 
 
                 * Prologis Inc  PLD.N : Evercore ISI raises target price to $132 from $130 
 
                 * Ribbon Communications  RBBN.O : Craig-Hallum initiates coverage with buy rating 
 
                 * Ribbon Communications  RBBN.O : Craig-Hallum initiates coverage with target price $5.5 
 
                 * S&P Global Inc  SPGI.N : JP Morgan raises target price to $475 from $430 
 
                 * Shoals Technologies Group Inc  SHLS.O : JP Morgan raises target price to $38 from $35 
 
                 * Simpson Manufacturing Co Inc  SSD.N : Baird raises target price to $176 from $140 
 
                 * Sunnova Energy International Inc  NOVA.N : JP Morgan cuts target price to $37 from $40 
 
                 * Sunpower Corp  SPWR.O : Goldman Sachs cuts target price to $11 from $12 
 
                 * Sunpower Corp  SPWR.O : JP Morgan cuts target price to $13 from $16 
 
                 * Sunrun Inc  RUN.O : JP Morgan cuts target price to $38 from $47 
 
                 * Synchrony Financial  SYF.N : Evercore ISI raises target price to $41 from $39 
 
                 * Synchrony Financial  SYF.N : Jefferies raises target price to $43 from $40 
 
                 * Synchrony Financial  SYF.N : KBW raises target price to $37 from $35 
 
                 * Synchrony Financial  SYF.N : Piper Sandler raises target price to $43 from $42 
 
                 * Synchrony Financial  SYF.N : Stephens raises target price to $39 from $35 
 
                 * System1 Inc  SST.N : Evercore ISI cuts target price to $5 from $6 
 
                 * TPI Composites Inc  TPIC.O : JP Morgan raises target price to $18 from $17 
 
                 * Tractor Supply Co  TSCO.O : Baird cuts target price to $260 from $265 
 
                 * Trex Company Inc  TREX.N : Baird raises target price to $78 from $62 
 
                 * Tyler Technologies Inc  TYL.N : D.A. Davidson raises target price to $412 from $395 
 
                 * Walt Disney Co  DIS.N : Goldman Sachs cuts target price to $128 from $130 
 
                 * Warner Bros Discovery Inc  WBD.O : Goldman Sachs cuts target price to $20 from $21 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))