Meal delivery companies are in the spotlight at Jefferies, which upgrades Deliveroo and reduces its target on Just Eat Takeaway, but remains positive on these stocks. Citing the potential of a study on difficult-to-treat depression, as well as a 'conservative' guidance, Needham upgraded LivaNova to Buy from Hold. Many upgrades and downgrades in our selection today.
Ardelyx : Piper Sandler cuts to neutral from overweight, price target to $4 from $14
Bank of Marin Bancorp : Keefe Bruyette & Woods upgrades to outperform from market perform; price target is $43
Boku: Berenberg remains Buy with target raised to GBP 260 from GBP 190.
Deliveroo: Jefferies remains Buy with target price raised from GBP 390 to GBP 435.
Elementis: HSBC upgrades from Light to Hold with a target of GBp 150.
Glaukos : Wells Fargo downgrades to underweight from equal-weight; price target is $41
IBM: Societe Generale upgrades to hold from sell. PT up 1.5% to $140
Inspire Medical : Piper Sandler further cuts price target to $215 from $235, reiterates overweight rating