U.S. RESEARCH ROUNDUP-Alcoa, AT&T, ESAB, Leslie's

Leslies

14/07/2023 08:23

July 14 (Reuters) - Wall Street securities analysts revised their ratings and price
targets on several U.S.-listed companies, including Alcoa, AT&T, ESAB and Leslie's, on Friday. 
    
    HIGHLIGHTS
                 * Alcoa Corp  AA.N : JP Morgan cuts to neutral from overweight 
 
                 * AT&T Inc  T.N : JP Morgan cuts to neutral from overweight
 
                 * ESAB Corp  ESAB.N : Evercore ISI initiates coverage with in-line rating
 
                 * Fastenal Co  FAST.O : Stephens cuts to equal-weight from overweight 
 
                 * Leslie's Inc  LESL.O : Piper Sandler cuts to neutral from overweight 
 
 
Following is a summary of research actions on U.S. companies reported by Reuters on Friday.
Stock entries are in alphabetical order. 

                 * Abbvie Inc  ABBV.N : HSBC initiates coverage with buy rating and target price $167 
 
                 * Acadia Pharmaceuticals Inc  ACAD.O : Oppenheimer raises target price to $23 from $20 
 
                 * Acadia Pharmaceuticals Inc  ACAD.O : RBC raises target price to $33 from $28 
 
                 * Acadia Pharmaceuticals Inc  ACAD.O : SVB Securities raises target price to $36 from
 $25 
 
                 * Alcoa Corp  AA.N : JP Morgan cuts target price to $36 from $54 
 
                 * Alcoa Corp  AA.N : JP Morgan cuts to neutral from overweight 
 
                 * AT&T Inc  T.N : JP Morgan cuts to neutral from overweight
 
                 * AT&T Inc  T.N : JP Morgan cuts target price to $17 from $22 
 
                 * Bridge Investment Group Holdings  BRDG.N : JP Morgan cuts target price to $17 from
 $21 
 
                 * Bristol-Myers Squibb  BMY.N : HSBC initiates coverage with reduce rating 
 
                 * Bristol-Myers Squibb  BMY.N : HSBC initiates coverage with target price $56 
 
                 * Carlisle Companies Inc  CSL.N : Baird raises target price to $310 from $280 
 
                 * Charter Communications Inc  CHTR.O : Credit Suisse cuts target price to $526 from
 $606 
 
                 * Cintas Corp  CTAS.O : JP Morgan raises target price to $540 from $510 
 
                 * Coca-Cola Co  KO.N : JP Morgan cuts target price to $67 from $68 
 
                 * Coherus Biosciences Inc  CHRS.O : Truist Securities cuts target price to $20 from $22
 
                 * Coinbase Global Inc  COIN.O : Wedbush raises target price to $110 from $75 
 
                 * Conagra Brands Inc  CAG.N : Jefferies cuts target price to $35 from $38 
 
                 * Conagra Brands Inc  CAG.N : JP Morgan cuts target price to $38 from $39 
 
                 * Delta Air Lines Inc  DAL.N : Evercore ISI raises target price to $60 from $55 
 
                 * Eli Lilly & Co  LLY.N : HSBC initiates coverage with buy rating and target price $560
 
                 * ESAB Corp  ESAB.N : Evercore ISI initiates coverage with in-line rating
 
                 * ESAB Corp  ESAB.N : Evercore ISI initiates coverage with price target $75 
 
                 * Exxon Mobil  XOM.N : Gerdes Energy Research cuts target price by $1 to $124 
 
                 * Fastenal Co  FAST.O : JP Morgan raises target price to $50 from $49 
 
                 * Fastenal Co  FAST.O : Stephens cuts to equal-weight from overweight 
 
                 * Inogen Inc  INGN.O : Needham cuts to hold from buy 
 
                 * Kaiser Aluminum Corp  KALU.O : JP Morgan raises target price to $70 from $69 
 
                 * Leslie's Inc  LESL.O : Piper Sandler cuts target price to $7 from $16 
 
                 * Leslie's Inc  LESL.O : Piper Sandler cuts to neutral from overweight 
 
                 * Leslie's Inc  LESL.O : Roth MKM cuts target price to $6 from $11 
 
                 * Merck & Co Inc  MRK.N : HSBC initiates coverage with hold rating and target price
 $123 
 
                 * Metlife Inc  MET.N : RBC raises target price to $70 from $65 
 
                 * Moderna Inc  MRNA.O : HSBC initiates coverage with reduce rating and target price $97
 
                 * Murphy USA Inc  MUSA.N : RBC raises target price to $362 from $360 
 
                 * Newmont  NEM.N : CIBC cuts target price to $54 from $56 
 
                 * Nextracker Inc  NXT.O : HSBC initiates coverage with buy rating and target price $46 
 
                 * Nov Inc  NOV.N : Raymond James cuts target price to $27 from $29 
 
                 * Nucor Corp  NUE.N : JP Morgan raises target price to $145 from $130 
 
                 * Parker-Hannifin Corp  PH.N : Stifel raises target price to $446 from $383 
 
                 * PBF Energy Inc  PBF.N : Piper Sandler cuts target price to $58 from $61 
 
                 * Pepsico Inc  PEP.O : Evercore ISI raises target price to $195 from $190 
 
                 * Pepsico Inc  PEP.O : JP Morgan raises target price to $203 from $201 
 
                 * Pepsico Inc  PEP.O : RBC raises target price to $180 from $178 
 
                 * Pfizer Inc  PFE.N : HSBC initiates coverage with buy rating and target price $50 
 
                 * Pioneer Natural Resources Co  PXD.N : RBC cuts target price to $260 from $270 
 
                 * Progressive Corp  PGR.N : Evercore ISI cuts target price to $140 from $149 
 
                 * Progressive Corp  PGR.N : Piper Sandler cuts target price to $126 from $136 
 
                 * Prudential Financial Inc  PRU.N : RBC raises target price to $94 from $89 
 
                 * Reinsurance Group of America Inc  RGA.N : RBC raises target price to $170 from $166 
 
                 * Royal Gold Inc  RGLD.O : CIBC raises target price to $166.00 from $155.00 
 
                 * Snowflake Inc.  SNOW.N : JP Morgan raises target price to $190 from $180 
 
                 * SSR Mining Inc  SSRM.O : CIBC raises target price to $26.50 from $22.50 
 
                 * Steel Dynamics Inc  STLD.O : JP Morgan raises target price to $93 from $82 
 
                 * United States Steel Corp  X.N : JP Morgan cuts target price to $23 from $24 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))