US RESEARCH ROUNDUP-3M, C4 Therapeutics, PepsiCo

HUNTINGTON INGALLS INDUSTRIES

09/10/2026 08:20

Oct 9 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several US-listed companies, including 3M Company, C4 Therapeutics and PepsiCo, on Friday. 

  HIGHLIGHTS        

* 3M Company MMM.N: JP Morgan cuts target price to $185 from $205 
* AT&T Inc T.N: Scotiabank cuts target price to $26.50 from $27.50
* C4 Therapeutics CCCC.O: JP Morgan initiates coverage with overweight rating
* Edison International EIX.N: Barclays cuts target price to $53 from $75
* PepsiCo PEP.O: Deutsche Bank cuts target price to $132 from $138 
                
Following is a summary of research actions on US companies reported by Reuters on Friday. Stock entries are in alphabetical order.      

* 3M Company MMM.N: JP Morgan cuts target price to $185 from $205
* Abbvie ABBV.N: BofA Global Research raises price objective to $305 from $289
* Abbvie ABBV.N: UBS raises target price to $275 from $260
* Advanced Drainage Systems WMS.N: Oppenheimer cuts target price to $185 from $190
* Aerovironment Inc AVAV.O: Barclays initiates coverage with equal-weight rating 
* Aerovironment Inc AVAV.O: Barclays initiates coverage with target price $237
* Aflac Incorporated AFL.N: KBW cuts target price to $120 from $125
* Albany International Corp AIN.N: JP Morgan raises target price to $67 from $61
* Align Technology Inc ALGN.O: Stifel cuts target price to $175 from $210
* Alignment Healthcare Inc ALHC.O: BofA Global Research cuts PO to $9 from $25
* Alignment Healthcare Inc ALHC.O: BofA Global Research cuts to neutral from buy
* Alignment Healthcare Inc ALHC.O: JP Morgan cuts target price to $10 from $22
* Alignment Healthcare Inc ALHC.O: William Blair cuts to market perform rating
* American Express Company AXP.N: BMO initiates coverage with outperform rating; PT $380
* Ameris Bancorp ABCB.N: Truist Securities cuts target price to $84 from $90
* Amgen Inc AMGN.O: UBS raises target price to $470 from $430
* AMN Healthcare Services Inc AMN.N: BMO raises target price to $43 from $40
* Amrize AG AMRZ.N: RBC cuts target price to $32 from $48
* Applied Digital Corp APLD.O: Morgan Stanley raises PT to $41.00 from $37.50
* Aptargroup Inc ATR.N: UBS initiates coverage with neutral rating and target price $135
* Arbor Realty Trust Inc ABR.N: KBW cuts target price to $3 from $5
* Archer Aviation Inc ACHR.N: Barclays raises target price to $8 from $4.50
* Archer Aviation Inc ACHR.N: Barclays raises to overweight from equal-weight
* Arcturus Therapeutics Holdings Inc ARCT.O: Leerink Partners raises PT to $19 from $13
* Ares Commercial Real Estate Corp ACRE.N: KBW cuts target price to $4.50 from $5.50
* Array Technologies Inc ARRY.O: RBC cuts target price to $5 from $9
* Astera Labs Inc ALAB.O: Northland Capital cuts to market perform rating
* Astronics Corporation ATRO.O: TD Cowen cuts target price to $90.00 from $100.00
* AT&T Inc T.N: Scotiabank cuts target price to $26.50 from $27.50
* Avista Corp AVA.N: Barclays cuts target price to $35 from $37
* Bellring Brands Inc BRBR.N: BofA Global Research cuts price objective to $9 from $10
* Beta Technologies BETA.N: Barclays initiates coverage with Overweight rating; PT $35
* Biogen Inc BIIB.O: UBS raises target price to $270 from $240
* Blackstone Mortgage Trust Inc BXMT.N: KBW cuts target price to $13 from $16
* Boeing BA.N: Barclays initiates coverage with overweight rating and PT $300
* Boeing BA.N: TD Cowen cuts target price to $240.00 from $250.00
* Boston Scientific Corp BSX.N: Leerink Partners cuts target price to $55 from $60
* Boyd Gaming BYD.N: Barclays cuts target price to $85 from $87
* Brighthouse Financial Inc BHF.O: KBW cuts target price to $57 from $67
* Bristol-Myers Squibb Company BMY.N: BofA Global Research cuts PO to $66 from $71
* Brixmor Property Group Inc BRX.N: UBS cuts target price to $33 from $37
* C4 Therapeutics CCCC.O: JP Morgan initiates coverage with overweight rating; PT $10
* California Resources Corporation CRC.N: JP Morgan raises target price to $81 from $79
* Capital One Financial COF.N: BMO initiates coverage with market perform rating; PT $219
* Capital Southwest Corporation CSWC.O: UBS raises target price to $24 from $23.5
* Carpenter Technology Corporation CRS.N: TD Cowen cuts PT to $500.00 from $650.00
* Casella Waste Systems Inc CWST.O: Raymond James cuts target price to $106 from $110
* CBOE Global Markets Inc CBOE.Z: Morgan Stanley raises PT to $358.00 from $258.00
* CBOE Global Markets Inc CBOE.Z: Morgan Stanley raises to overweight from underweight
* CBRE Group Inc CBRE.N: KBW cuts target price to $164 from $174
* Chevron Corporation CVX.N: JP Morgan raises target price to $241 from $222
* Chime Financial Inc CHYM.O: Deutsche Bank raises target price to $35 from $30
* Chime Financial Inc CHYM.O: Deutsche Bank raises to buy from hold
* Cipher Mining Inc CIFR.O: Morgan Stanley cuts target price to $51.50 from $54.00
* Claros Mortgage Trust Inc CMTG.N: KBW cuts target price to $1.75 from $2.15
* Cloudflare NET.N: Oppenheimer raises target price to $430 from $380
* Community Healthcare Trust Inc CHCT.N: Truist Securities cuts PT to $17 from $18
* Crowdstrike CRWD.O: Needham raises target price to $310 from $250
* Datadog Inc DDOG.O: CIBC raises target price to $315.00 from $280.00
* Dauch Corporation DCH.N: Barclays cuts target price to $8 from $9
* Definium Therapeutics DFTX.O: JP Morgan initiates coverage with overweight rating
* Definium Therapeutics DFTX.O: JP Morgan initiates coverage with target price $84
* Dentsply Sirona Inc XRAY.O: Piper Sandler cuts target price to $12 from $14
* Devon Energy Corporation DVN.N: Barclays raises target price to $60 from $58
* Duke Energy Corporation DUK.N: Barclays cuts target price to $124 from $132
* Dupont DD.N: JP Morgan cuts to neutral from overweight; cuts PT to $145 from $172
* Eagle Materials Inc EXP.N: RBC cuts target price to $170 from $219
* East West Bancorp Inc EWBC.O: Truist Securities cuts target price to $131 from $137
* Edison International EIX.N: Barclays cuts target price to $53 from $75
* Eli Lilly LLY.N: BofA Global Research cuts price objective to $1341 from $1344
* Emerson EMR.N: JP Morgan raises target price to $184 from $169
* Enovix Corporation ENVX.O: Stonex cuts target price to $10 from $15
* Enphase Energy Inc ENPH.O: RBC cuts target price to $41 from $47
* Envista Holdings Corporation NVST.N: Piper Sandler cuts target price to $26 from $28
* EOG Resources Inc EOG.N: UBS raises target price to $186 from $183
* Equitable Holdings Inc EQH.N: Raymond James raises target price to $65 from $58
* Everforth Inc EFOR.N: BMO raises target price to $41 from $30
* Everforth Inc EFOR.N: Truist Securities raises target price to $45 from $36
* Exelixis Inc EXEL.O: RBC raises target price to $51 from $45
* Fastly Inc FSLY.O: Oppenheimer raises to outperform from perform
* Federal Realty Investment Trust FRT.N: UBS cuts target price to $115 from $127
* Fervo Energy Co FRVO.O: RBC cuts target price to $36 from $46
* Fidelity National Information Services FIS.N: Barclays cuts PT to $38 from $43
* Firefly Aerospace FLY.O: Barclays initiates coverage with equal-weight rating; PT $34
* First Advantage Corporation FA.O: BMO cuts target price to $26 from $28
* First Horizon Corporation FHN.N: Truist Securities cuts target price to $25 from $27
* Fis FIS.N: TD Cowen cuts target price to $47 from $53
* Fiserv Inc FISV.O: TD Cowen cuts target price to $49 from $55
* Fiserv Inc FISV.O: Barclays cuts target price to $50 from $52
* Flagstar Bank Na FLG.N: Truist Securities cuts target price to $15 from $17
* Fnb Corp FNB.N: Truist Securities cuts target price to $19 from $20.50
* Ford Motor F.N: Deutsche Bank cuts target price to $15 from $16
* Forgent Power Solutions Inc FPS.N: JP Morgan cuts target price to $49 from $56
* Fortive Corporation FTV.N: JP Morgan cuts target price to $56 from $64
* Fortune Brands Innovations FBIN.N: Citigroup initiates coverage with buy rating; PT $48
* Freshpet Inc FRPT.O: BofA Global Research cuts price objective to $70 from $72
* Galaxy Digital Inc GLXY.O: Morgan Stanley cuts target price to $43 from $48
* GE Vernova Inc GEV.N: JP Morgan cuts target price to $1,150 from $1,330
* General Dynamics Corp GD.N: TD Cowen cuts target price to $380.00 from $420.00
* General Motors Co GM.N: Deutsche Bank raises target price to $101 from $100
* Genworth Financial Inc GNW.N: KBW cuts target price to $10.5 from $11.5
* Genworth Financial Inc GNW.N: KBW cuts to market perform from outperform
* Granite Point Mortgage Trust Inc GPMT.N: KBW raises target price to $8 from $1.25
* Haemonetics Corp HAE.N: Barrington Research raises target price to $140 from $118
* Haemonetics Corp HAE.N: Mizuho raises target price to $140 from $95
* Heico Corporation HEI.N: TD Cowen cuts target price to $330.00 from $350.00
* Hexcel Corporation HXL.N: TD Cowen cuts target price to $90.00 from $115.00
* Hii HII.N: TD Cowen cuts target price to $340.00 from $360.00
* Honeywell Aerospace Inc HONA.O: TD Cowen cuts target price to $170.00 from $180.00
* Honeywell Technologies HON.O: JP Morgan cuts target price to $240 from $255
* Howmet Aerospace HWM.N: TD Cowen cuts target price to $280.00 from $320.00
* Humana HUM.N: Barclays raises target price to $582 from $515
* Humana Inc HUM.N: Oppenheimer raises target price to $475 from $405
* Hut 8 Mining Corp HUT.O: Morgan Stanley raises target price to $275.00 from $273.00
* IBM IBM.N: Truist Securities initiates coverage with hold rating; target price $240
* Idacorp Inc IDA.N: Barclays cuts target price to $149 from $162
* Illinois Tool Works Inc ITW.N: JP Morgan cuts target price to $277 from $350
* Illinois Tool Works Inc ITW.N: JP Morgan cuts to neutral from overweight
* Inspire Medical Systems Inc INSP.N: Leerink Partners raises PT to $67 from $59
* Insulet Corporation PODD.O: Leerink Partners cuts target price to $143 from $145
* Intuitive Surgical Inc ISRG.O: Leerink Partners raises target price to $473 from $454
* J&J JNJ.N: BofA Global Research raises price objective to $282 from $278
* Jack Henry & Associates Inc JKHY.O: Piper Sandler raises to overweight from neutral
* Jazz Pharmaceuticals Plc JAZZ.O: BofA Global Research raises price objective to $313 from $307
* Jll JLL.N: KBW cuts target price to $385 from $415
* Joby Aviation Inc JOBY.N: Barclays cuts target price to $4 from $6
* Joby Aviation Inc JOBY.N: Barclays cuts to underweight from equal-weight
* Karman Holdings Inc KRMN.N: Barclays initiates coverage with overweight rating 
* Karman Holdings Inc KRMN.N: Barclays initiates coverage with target price $79
* Kimco Realty Corp KIM.N: UBS cuts target price to $25 from $29
* Kinsale Capital Group Inc KNSL.N: JP Morgan cuts target price to $375 from $390
* Kite Realty Group Trust KRG.N: UBS cuts target price to $26 from $30
* KKR Real Estate Finance Trust Inc KREF.N: KBW cuts target price to $6.50 from $7
* Knife River Corp KNF.N: RBC cuts target price to $58 from $103
* Knife River Corp KNF.N: RBC cuts to sector perform from outperform
* Kratos Defense & Security Solutions KTOS.O: Barclays initiates coverage with overweight 
* Kratos Defense & Security Solutions KTOS.O: Barclays initiates coverage with PT $90
* L3Harris Technologies Inc LHX.N: TD Cowen cuts target price to $280.00 from $370.00
* Ladder Capital Corp LADR.N: KBW cuts target price to $10.25 from $10.75
* Las Vegas Sands Corp LVS.N: Barclays cuts target price to $57 from $59
* LB Pharmaceuticals Inc LBRX.O: Canaccord Genuity initiates coverage with buy rating
* LB Pharmaceuticals Inc LBRX.O: Canaccord Genuity initiates coverage with PT $65
* Lear Corporation LEA.N: Barclays cuts target price to $145 from $155
* Liftoff Mobile Inc LFTO.O: BTIG cuts target price to $27 from $35
* Lincoln National Corp LNC.N: KBW cuts target price to $50 from $51
* Liquidia Corporation LQDA.O: BofA Global Research cuts price objective to $38 from $40
* Lockheed Martin LMT.N: Barclays initiates coverage with equal-weight rating; PT $554
* Lockheed Martin Corp LMT.N: TD Cowen cuts target price to $570.00 from $600.00
* Main Street Capital Corp MAIN.N: UBS cuts target price to $57 from $62
* Marathon Digital Holdings Inc MARA.O: Morgan Stanley cuts target price to $10 from $11
* Martin Marietta Materials Inc MLM.N: RBC cuts target price to $530 from $620
* Medline Inc MDLN.O: Barclays cuts target price to $43 from $45
* Merck & Co Inc MRK.N: BofA Global Research cuts price objective to $163 from $166
* Merlin Inc MRLN.O: TD Cowen cuts target price to $4.00 from $8.00
* MGM Resorts International MGM.N: Barclays cuts target price to $37 from $48
* Mid Penn Bancorp Inc MPB.O: Piper Sandler initiates coverage with overweight rating
* Mid Penn Bancorp Inc MPB.O: Piper Sandler initiates coverage with price target $42
* Moderna MRNA.O: BofA Global Research raises price objective to $200 from $170
* Moog Inc MOGa.N: TD Cowen cuts target price to $440.00 from $450.00
* Newmark Group Inc NMRK.O: KBW cuts target price to $16 from $17.50
* Newmont NEM.N: Jefferies raises target price to $155 from $146
* Nexpoint Real Estate Finance Inc NREF.N: KBW cuts target price to $15 from $16
* Nextpower Inc NXT.O: RBC cuts target price to $116 from $147
* Nike Inc NKE.N: Deutsche Bank cuts target price to $33 from $37
* Northrop Grumman NOC.N: Barclays initiates coverage with underweight rating; PT $419
* Northrop Grumman NOC.N: TD Cowen cuts target price to $540.00 from $590.00
* Novavax Inc NVAX.O: BofA Global Research raises price objective to $8 from $7
* Nuscale Power Corp SMR.N: RBC cuts target price to $7 from $10
* Omnicom Group Inc OMC.N: Barclays cuts target price to $88 from $90
* Oneok Inc OKE.N: Stifel cuts target price to $100 from $105
* Onterris Inc ONT.N: Clear Street cuts target price to $25 from $29
* Option Care Health Inc OPCH.O: UBS cuts target price to $32.05 from $39
* Option Care Health Inc OPCH.O: UBS cuts to neutral from buy
* Ormat Technologies Inc ORA.N: RBC cuts target price to $114 from $130
* Ovintiv Inc OVV.N: CIBC raises target price to $75.00 from $65.00
* Ovintiv Inc OVV.N: JP Morgan raises target price to $74 from $67
* Pacira Biosciences Inc PCRX.O: H.C. Wainwright cuts to neutral rating
* Pacira Biosciences Inc PCRX.O: Jefferies cuts to hold from buy
* Pacira Biosciences Inc PCRX.O: RBC raises target price to $36.5 from $25
* Pacira Biosciences Inc PCRX.O: Truist Securities cuts to hold from buy
* Pacira Biosciences Inc PCRX.O: Truist Securities raises PT to $36.5 from $31
* Palantir Technologies PLTR.O: Barclays initiates coverage with overweight rating; PT $265
* Palomar Holdings Inc PLMR.O: JP Morgan cuts target price to $156 from $167
* Parker-Hannifin Corporation PH.N: JP Morgan cuts target price to $1,131 from $1,140
* Paypal Inc PYPL.O: Barclays cuts target price to $56 from $57
* Penguin Solutions Inc PENG.O: BofA Global Research initiates coverage with buy rating; target price $100
* Penn Entertainment Inc PENN.O: Barclays raises target price to $27 from $26
* Pennantpark Floating Rate Capital Ltd PFLT.N: UBS cuts target price to $8.5 from $9.5
* PepsiCo PEP.O: Citigroup cuts target price to $135 from $142
* PepsiCo PEP.O: Deutsche Bank cuts target price to $132 from $138
* PepsiCo PEP.O: Deutsche Bank cuts target price to $132 from $138
* Permian Resources Corporation PR.N: JP Morgan raises target price to $31 from $28
* Pfizer PFE.N: BofA Global Research raises price objective to $29 from $27
* Pfizer PFE.N: JP Morgan raises target price to $30 from $28
* Phillips Edison & Company Inc PECO.O: UBS cuts target price to $42 from $46
* Pinnacle Financial Partners Inc PNFP.N: Truist Securities cuts target price to $112 from $118
* Plains All American Pipeline PAA.O: Jefferies initiates coverage with buy rating; PT $27
* Plains All American Pipeline LP PAA.O: UBS raises target price to $31 from $30
* Plains GP Holdings LP PAGP.O: UBS raises target price to $30 from $26
* Planet Labs Pbc PL.N: Barclays initiates coverage with equal-weight rating; PT $17
* Portillos Inc PTLO.O: UBS cuts target price to $4.5 from $5.5
* PPG Industries Inc PPG.N: RBC cuts target price to $115 from $122
* Primerica Inc PRI.N: KBW cuts target price to $330 from $335
* Principal Financial Group Inc PFG.O: KBW cuts target price to $115 from $117
* Procept Biorobotics Corporation PRCT.O: Leerink Partners cuts PT to $20 from $21
* Pursuit Attractions and Hospitality Inc PRSU.N: Jefferies raises PT to $62 from $61
* Realty Income Corporation O.N: Stifel cuts target price to $63.75 from $70.75
* Red Rock Resorts Inc RRR.O: Barclays raises target price to $74 from $73
* Regal Rexnord Corporation RRX.N: JP Morgan cuts target price to $196 from $240
* Regency Centers Corp REG.O: UBS cuts target price to $77 from $85
* Revolution Medicines Inc RVMD.O: BofA Global Research cuts price objective to $264 from $265
* Riot Platforms Inc RIOT.O: Morgan Stanley cuts target price to $35.5 from $43
* Rocket Lab Corp RKLB.O: TD Cowen cuts target price to $90.00 from $120.00
* Rocket Lab Corp RKLB.O: Barclays initiates coverage with overweight rating; PT $85
* Royal Gold Inc RGLD.O: Jefferies raises target price to $320 from $312
* Rtx Corporation RTX.N: Barclays initiates coverage with overweight rating and PT $223
* Rtx Corporation RTX.N: TD Cowen cuts target price to $225.00 from $240.00
* Sabre Corporation SABR.O: BofA Global Research cuts PO to $2.50 from $2.60
* Semtech Corporation SMTC.O: Northland Capital cuts to market perform rating
* Sherwin-Williams Co SHW.N: RBC cuts target price to $392 from $420
* Simon Property Group Inc SPG.N: UBS cuts target price to $205 from $222
* Skyworks Solutions Inc SWKS.O: Mizuho raises target price to $61 from $52
* Smithfield Foods Inc SFD.O: BofA Global Research cuts price objective to $21 from $25
* Smithfield Foods Inc SFD.O: BofA Global Research cuts to neutral from buy
* South Bow Corporation SOBO.N: Barclays cuts target price to $33 from $35
* South Bow Corporation SOBO.N: Barclays cuts to underweight from equal-weight
* Southstate Bank Corp SSB.N: Truist Securities cuts target price to $113 from $118
* Spacex SPCX.O: Barclays initiates coverage with overweight rating and PT $254
* SPX Technologies Inc SPXC.N: JP Morgan cuts target price to $225 from $282
* Starwood Property Trust Inc (Maryland) STWD.N: KBW cuts PT to $16 from $18.50
* Strategy Inc MSTR.O: Barclays raises target price to $175 from $160
* Stryker Corporation SYK.N: Leerink Partners cuts target price to $353 from $403
* Sunrise Realty Trust Inc SUNS.O: KBW cuts target price to $6.50 from $8
* Sunrun Inc RUN.O: RBC cuts target price to $11 from $14
* Sunrun Inc RUN.O: Barclays cuts target price to $12 from $14
* Synchrony Financial SYF.N: BMO initiates coverage with market perform rating; PT $81
* Targa Resources Corp TRGP.N: Stifel cuts target price to $335 from $340
* Terawulf Inc WULF.O: Morgan Stanley raises target price to $65 from $62.5
* Tesla Inc TSLA.O: Exane BNP Paribas cuts target price to $266 from $268 
* Textron Inc TXT.N: TD Cowen cuts target price to $100.00 from $105.00
* T-Mobile TMUS.O: Scotiabank cuts target price to $212 from $217
* Tractor Supply Company TSCO.O: BofA Global Research raises PO to $34 from $32
* Transdigm Group Incorporated TDG.N: TD Cowen cuts PT to $1,300.00 from $1,450.00
* Travelers TRV.N: JP Morgan raises target price to $352 from $348
* UnitedHealth UNH.N: TD Cowen cuts target price to $402 from $430
* Unity Software Inc U.N: BTIG raises target price to $53 from $51
* Urban Edge Properties UE.N: UBS cuts target price to $21 from $24
* Valero Energy Corp VLO.N: Jefferies cuts target price to $394 from $401
* Vera Therapeutics Inc VERA.O: BofA Global Research cuts price objective to $60 from $66
* Verizon VZ.N: Scotiabank cuts target price to $50 from $51.5
* VF Corp VFC.N: JP Morgan raises to neutral from underweight
* Viper Energy Inc VNOM.O: RBC raises target price to $57 from $55
* Visteon Corp VC.O: Barclays cuts target price to $125 from $145
* Voya Financial Inc VOYA.N: KBW cuts target price to $108 from $110
* Voya Financial Inc VOYA.N: KBW cuts to market perform from outperform
* Voyager Technologies Inc (Prereincorporation) VOYG.N: TD Cowen cuts PT to $36.00 from $42.00
* Vulcan Materials Co VMC.N: RBC cuts target price to $256 from $300
* Walker & Dunlop Inc WD.N: KBW cuts target price to $45 from $57
* Waste Connections Inc WCN.N: Raymond James cuts target price to $189 from $196
* Waste Management Inc WM.N: Raymond James cuts target price to $254 from $262
* Webull Corp BULL.O: Rosenblatt Securities cuts target price to $12 from $15
* Webull Corp BULL.O: Scotiabank raises to sector outperform from sector perform
* Western Alliance Bancorporation WAL.N: Truist Securities cuts PT to $84 from $93
* Willdan Group Inc WLDN.O: Clear Street raises target price to $145 from $135
* Woodward Inc WWD.O: TD Cowen cuts target price to $380.00 from $420.00
* Wynn Resorts Ltd WYNN.O: Barclays cuts target price to $128 from $136
* York Space Systems YSS.N: Barclays initiates coverage with equal-weight rating; PT $11
* Zeta Global Holdings Corp ZETA.N: B. Riley raises target price to $38 from $32
* Zeta Global Holdings Corp ZETA.N: Canaccord Genuity raises PT to $37 from $30
* Zeta Global Holdings Corp ZETA.N: Needham raises target price to $40 from $30
* Zeta Global Holdings Corp ZETA.N: Truist Securities raises target price to $38 from $30
* Zimmer Biomet Holdings Inc ZBH.N: Leerink Partners cuts PT to $97 from $106
* Zions Bancorporation ZION.O: Truist Securities cuts PT to $67 from $72

 (Compiled by Bengaluru Newsroom)
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