U.S. RESEARCH ROUNDUP-Bank of America, FedEx, JPMorgan

Cathay General Bancorp

24/06/2026 07:56

    June 24 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed
companies, including Bank of America, FedEx and JP Morgan on Wednesday. 
    
  HIGHLIGHTS    
     * Apogee Therapeutics  APGE.O : Mizuho cuts to neutral from outperform
     * Bank of America  BAC.N : Jefferies raises target price to $70 from $65 
     * FedEx  FDX.N : Jefferies cuts target price to $360 from $450 
     * JPMorgan  JPM.N : Jefferies raises target price to $340 from $325  
     * Principal Financial  PFG.O : BofA Global Research cuts to underperform from neutral rating 
            
Following is a summary of research actions on U.S. companies reported by Reuters on Wednesday. Stock entries are in
alphabetical order.     
    
     * 10X Genomics  TXG.O : Barclays raises target price to $40 from $30
     * Advanced Micro Devices Inc  AMD.O : UBS raises target price to $670 from $455
     * Agilent  A.N : Barclays raises target price to $150 from $145
     * Alpha and Omega Semiconductor Ltd  AOSL.O : Stifel raises target price to $42 from $36
     * American Airlines  AAL.O : Jefferies raises target price to $16 from $15
     * American Express Co  AXP.N : Truist Securities raises target price to $375 from $360
     * Analog Devices Inc  ADI.O : Stifel raises target price to $498 from $450
     * Antero Resources  AR.N : Barclays raises target price to $45 from $43
     * Apogee Therapeutics  APGE.O : Mizuho cuts to neutral from outperform; raises PT to $135 from $110
     * Apogee Therapeutics Inc  APGE.O : TD Cowen cuts to hold from buy
     * Astera Labs, Inc  ALAB.O : Stifel raises target price to $460 from $260
     * Atlantic Union Bankshares Corp  AUB.N : Jefferies raises target price to $50 from $45
     * Avantor  AVTR.N : Barclays raises target price to $8 from $7
     * Axos Financial Inc  AX.N : Jefferies raises target price to $110 from $105
     * Backblaze Inc  BLZE.O : William Blair raises to market perform from underperform
     * Banc of California Inc  BANC.N : Jefferies raises target price to $25 from $23
     * Bank of America  BAC.N : Jefferies raises target price to $70 from $65
     * Bok Financial Corp  BOKF.O : Jefferies cuts target price to $160 from $165
     * Boston Scientific Corp  BSX.N : Jefferies cuts target price to $67 from $100
     * Bruker  BRKR.O : Barclays raises target price to $60 from $53
     * California Resources Corp  CRC.N : Gerdes Energy Research raises PT by $1 to $67
     * California Resources Corp  CRC.N : Gerdes Energy Research raises to buy from neutral
     * Carnival Corp  CCL.N : HSBC raises target price to $31 from $30.5
     * Carnival Corp.  CCL.N : Barclays cuts target price to $35 from $36
     * Carnival Corp.  CCL.N : Deutsche Bank raises target price to $34 from $32
     * Cathay General Bancorp  CATY.O : Jefferies raises target price to $75 from $70
     * Cbiz Inc  CBZ.N : Barrington Research initiates coverage with outperform rating; PT $45
     * Celanese Corp  CE.N : Citigroup cuts target price to $68 from $80
     * Celsius Holdings Inc  CELH.O : BofA Global Research cuts PO to $45.00 from $55.00
     * Celsius Holdings Inc  CELH.O : Piper Sandler cuts target price to $49 from $67
     * Cerebras Systems Inc  CBRS.O : Morgan Stanley raises target price to $273 from $250
     * Cerebras Systems Inc  CBRS.O : Wedbush raises target price to $280 from $270
     * Citigroup  C.N : Jefferies raises target price to $180 from $160
     * Citizens Financial  CFG.N : Jefferies raises target price to $85 from $80
     * Clearway Energy Inc  CWEN.N : UBS raises target price to $45 from $44
     * Costar Group Inc  CSGP.O : Wells Fargo cuts target price to $26 from $33
     * Cullen/Frost Bankers Inc  CFR.N : Jefferies raises target price to $135 from $130
     * Delta Air Lines Inc  DAL.N : Jefferies raises target price to $100 from $81
     * Digital Realty Trust Inc  DLR.N : Truist Securities raises PT to $225 from $208
     * Dow Inc  DOW.N : Citigroup cuts target price to $35 from $41
     * East West Bancorp Inc  EWBC.O : Jefferies raises target price to $160 from $155
     * Eastman Chemical Co  EMN.N : Citigroup cuts target price to $85 from $88
     * Ecolab Inc  ECL.N : Citigroup raises target price to $330 from $325
     * EQT Corp  EQT.N : Truist Securities cuts target price to $65 from $74
     * Evercore Inc  EVR.N : BMO raises target price to $390 from $333
     * Fedex  FDX.N : Bernstein cuts target price to $397 from $424
     * FedEx  FDX.N : BofA Global Research raises PO to $378 from $376
     * FedEx  FDX.N : Citigroup raises target price to $359 from $356.73
     * FedEx  FDX.N : Jefferies cuts target price to $360 from $450
     * Fedex  FDX.N : Raymond James cuts target price to $330 from $415
     * FedEx  FDX.N : Stifel cuts target price to $326 from $442
     * Fedex  FDX.N : TD Cowen cuts target price to $354 from $426
     * Fedex  FDX.N : UBS cuts target price to $350 from $445
     * Fervo Energy  FRVO.O : Barclays raises target price to $48 from $47
     * Fifth Third Bancorp  FITB.N : Truist Securities raises target price to $60 from $57
     * Flowserve Corp  FLS.N : TD Cowen cuts to hold from buy; cuts PT to $70 from $85
     * Gartner Inc  IT.N : Wells Fargo cuts target price to $120 from $140
     * Guardant Health  GH.O : Barclays raises target price to $150 from $120
     * Hinge Health Inc  HNGE.N : Wells Fargo raises target price to $90 from $80
     * Humana Inc  HUM.N : BofA Global Research raises price objective to $380 from $340
     * Huntington Bancshares Inc  HBAN.O : Jefferies raises target price to $21 from $20
     * Illumina  ILMN.O : Barclays raises target price to $145 from $122
     * International Flavors & Fragrances Inc  IFF.N : Citigroup cuts PT to $88 from $96
     * Invitation Homes, Inc.  INVH.N : Wells Fargo raises target price to $33 from $31
     * Jfrog Ltd  FROG.O : UBS raises target price to $92 from $80
     * JPMorgan  JPM.N : Jefferies raises target price to $340 from $325
     * KB Home  KBH.N : UBS raises target price to $66 from $63
     * KB Home  KBH.N : Wells Fargo raises target price to $52 from $50
     * Korn Ferry  KFY.N : UBS raises target price to $75 from $70
     * M&T Bank Corp  MTB.N : Jefferies raises target price to $275 from $265
     * Macerich Co  MAC.N : Citigroup raises to buy from neutral; raises PT to $28 from $24
     * Macom Technology Solutions Holdings Inc  MTSI.O : Stifel raises PT to $450 from $385
     * Marvell Technology Inc  MRVL.O : Stifel raises target price to $350 from $321
     * Morgan Stanley  MS.N : Wells Fargo raises target price to $225 from $200
     * Natera  NTRA.O : Barclays cuts target price to $260 from $280
     * Norfolk Southern Corp  NSC.N : RBC cuts target price to $320 from $360
     * Northern Trust Corporation  NTRS.O : Wells Fargo raises target price to $189 from $175
     * Nucor Corp  NUE.N : Keybanc raises to overweight from sector weight
     * Nuvalent Inc  NUVL.O : Bernstein cuts to market-perform from outperform
     * Nuvalent Inc  NUVL.O : Bernstein cuts target price to $124 from $172
     * Odysight.Ai Inc  ODYS.O : Benchmark reinstates coverage with buy rating; PT $6
     * Okta Inc  OKTA.O : Needham raises target price to $140 from $120
     * Onsemi  ON.O : Stifel raises target price to $107 from $90
     * PNC Financial Services  PNC.N : Jefferies raises target price to $290 from $280
     * Power Integrations Inc  POWI.O : Stifel raises target price to $95 from $82
     * PPG Industries Inc  PPG.N : Citigroup raises target price to $125 from $114
     * Principal Financial  PFG.O : BofA Global Research cuts PO to $95.00 from $98.00
     * Principal Financial  PFG.O : BofA Global Research cuts to underperform from neutral rating
     * Principal Financial Inc  PFG.O : Piper Sandler raises target price to $125 from $113
     * Procept Biorobotics  PRCT.O : Evercore ISI initiates coverage with outperform rating
     * Procept Biorobotics  PRCT.O : Evercore ISI initiates coverage with PT $30
     * Prosperity Bancshares, Inc  PB.N : Jefferies raises target price to $90 from $85
     * Quince Therapeutics  QNCX.O : Leerink Partners initiates coverage with outperform rating
     * Quince Therapeutics  QNCX.O : Leerink Partners initiates coverage with PT $4
     * Rapport Therapeutics  RAPP.O : Leerink Partners initiates coverage with outperform rating
     * Rapport Therapeutics  RAPP.O : Leerink Partners initiates coverage with PT $52
     * Sherwin-Williams Co  SHW.N : Citigroup raises target price to $380 from $355
     * Simon Property Group Inc  SPG.N : Truist Securities raises PT to $215 from $196
     * SL Green Realty Corp  SLG.N : Deutsche Bank raises target price to $55 from $46
     * Sotera Health Company  SHC.O : Barclays raises target price to $19 from $18
     * State Street Corporation  STT.N : Wells Fargo raises target price to $196 from $171
     * Sunbelt Rentals Holdings Inc  SUNB.N : Citigroup cuts target price to $90 from $95
     * Suncrete Inc  RMIX.O : B. Riley initiates coverage with buy rating; target price $26
     * Sunstone Hotel Investors Inc  SHO.N : Wells Fargo raises target price to $13 from $12
     * Take-Two Interactive Software  TTWO.O : BTIG initiates coverage with buy rating; PT $290
     * Texas Capital Bancshares Inc  TCBI.O : Jefferies cuts target price to $105 from $110
     * Texas Instruments Inc  TXN.O : Stifel raises target price to $360 from $340
     * the Bank of New York Mellon Corp  BNY.N : Wells Fargo raises PT to $152 from $137
     * the Goldman Sachs Group, Inc.  GS.N : Wells Fargo raises PT to $1195 from $1000
     * the New York Times Company  NYT.N : BofA Global Research cuts PO to $80.00 from $87.00
     * Twist Bioscience  TWST.O : Barclays raises target price to $95 from $65
     * UnitedHealth  UNH.N : BofA Global Research raises price objective to $475 from $450
     * Varonis Systems Inc  VRNS.O : Stephens raises to overweight from equal-weight
     * Varonis Systems Inc  VRNS.O : Stephensraises target price to $45 from $33
     * Westlake Corp  WLK.N : Citigroup cuts target price to $85 from $95
     * Wingstop Inc  WING.O : BofA Global Research cuts PO to $234.00 from $264.00
     * Wintrust Financial Corp  WTFC.O : Jefferies raises target price to $190 from $185
     * X-Energy Inc  XE.O : Jefferies cuts target price to $22 from $30
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))