Key Calls (Wednesday): Upgrades, Downgrades & Initiations

Via Bloomberg

Upgrade

  • CAE (CAE CN) raised to outperform at BMO, PT C$23
  • Ciena (CIEN) raised to buy at Citi, PT $29
  • Dominion Energy Midstream (DM) raised to overweight at Morgan Stanley
  • HESM (HESM) raised to overweight at Morgan Stanley
  • MDC Holdings (MDC) raised to market perform at Wells Fargo, PT $30
  • Santander Consumer USA (SC) raised to overweight at Piper Jaffray

Downgrade

  • Arc Logistics Partners (ARCX) cut to hold at Stifel, PT $16.50
  • Coty (COTY) cut to sell at Berenberg
  • CubeSmart (CUBE) cut to market perform at Raymond James
  • Distinct Infrastructure (DUG CN) cut to hold at Canaccord, PT C$1.45
  • Vornado (VNO) cut to hold at Stifel, PT $77

INITIATION

  • CannTrust Holdings (TRST CN) new speculative buy at Echelon Wealth
  • Capital Southwest (CSWC) new outperform at Baird, PT $19
  • La Jolla Pharma (LJPC) new overweight at JPMorgan, PT $36
  • Reata Pharmaceuticals (RETA) new buy at Jefferies, PT $44
  • Universal Display (OLED) new buy at Deutsche Bank, PT $135

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