| China Renaissance | Upgrades | Apple (AAPL) | $348.56 | $425.00 | Hold ➝ Buy |
| Berenberg Bank | Reiterates | ACG Acquisition (ACG) | GBX 1,750 | GBX 2,300 | Buy |
| Robert W. Baird | Lowers Target | Alliance Laundry (ALH) | $25.11 | $34.00 ➝ $30.00 | Outperform ➝ Outperform |
| Needham & Company LLC | Lowers Target | Ambiq Micro (AMBQ) | $45.04 | $85.00 ➝ $65.00 | Buy ➝ Buy |
| Stifel Nicolaus | Lowers Target | Ambiq Micro (AMBQ) | $45.04 | $85.00 ➝ $70.00 | Buy ➝ Buy |
| Stifel Nicolaus | Lowers Target | Ameresco (AMRC) | $27.46 | $38.00 ➝ $37.00 | Buy ➝ Buy |
| Jefferies Financial Group | Reiterates | Avon Protection (AVON) | GBX 2,385 | GBX 2,780 | Buy |
| HC Wainwright | Lowers Target | Bicara Therapeutics (BCAX) | $10.18 | $42.00 ➝ $36.00 | Buy ➝ Buy |
| Jefferies Financial Group | Initiates | Belden (BDC) | $105.11 | $114.00 | Hold |
| Jefferies Financial Group | Reiterates | Henry Boot (BOOT) | GBX 151 | GBX 170 | Hold |
| Jefferies Financial Group | Reiterates | BP (BP) | GBX 552.20 | GBX 580 | Hold |
| Robert W. Baird | Raises Target | Black Rock Coffee Bar (BRCB) | $10.57 | $8.00 ➝ $10.00 | Neutral ➝ Neutral |
| Needham & Company LLC | Lowers Target | Bitdeer Technologies Group (BTDR) | $6.41 | $20.00 ➝ $18.00 | Buy ➝ Buy |
| Robert W. Baird | Lowers Target | BrightView (BV) | $11.38 | $14.00 ➝ $12.00 | Outperform ➝ Outperform |
| Shore Capital Group | Reiterates | BATM Advanced Communications (BVC) | GBX 11.10 | | House Stock |
| BTIG Research | Lowers Target | Canaan (CAN) | $0.16 | $2.00 ➝ $1.00 | Buy ➝ Buy |
| BTIG Research | Raises Target | Carlsmed (CARL) | $14.71 | $24.00 ➝ $26.00 | Buy ➝ Buy |
| Needham & Company LLC | Raises Target | Carlsmed (CARL) | $14.71 | $17.00 ➝ $22.00 | Buy ➝ Buy |
| Piper Sandler | Initiates | CareDx (CDNA) | $80.77 | $100.00 | Overweight |
| Jefferies Financial Group | Initiates | Cognex (CGNX) | $50.80 | $64.00 | Buy |
| Robert W. Baird | Lowers Target | Core & Main (CNM) | $47.38 | $57.00 ➝ $54.00 | Outperform ➝ Outperform |
| Cantor Fitzgerald | Lowers Target | CoreWeave (CRWV) | $48.73 | $176.00 ➝ $100.00 | Overweight ➝ Overweight |
| Stifel Nicolaus | Lowers Target | CoreWeave (CRWV) | $48.73 | $120.00 ➝ $60.00 | Hold ➝ Hold |
| Needham & Company LLC | Reiterates | CoreWeave (CRWV) | $48.73 | | Hold ➝ Hold |
| Freedom Broker | Upgrades | Delek US (DK) | $62.70 | $86.00 ➝ $88.00 | Hold ➝ Buy |
| Needham & Company LLC | Lowers Target | Draganfly (DPRO) | $3.21 | $8.00 ➝ $6.00 | Buy ➝ Buy |
| HC Wainwright | Raises Target | Eupraxia Pharmaceuticals (EPRX) | $7.63 | $11.00 ➝ $16.00 | Buy ➝ Buy |
| Canaccord Genuity Group | Lowers Target | eToro Group (ETOR) | $21.56 | $47.00 ➝ $40.00 | Buy ➝ Buy |
| Needham & Company LLC | Lowers Target | eToro Group (ETOR) | $21.56 | $54.00 ➝ $45.00 | Buy ➝ Buy |
| Stifel Nicolaus | Raises Target | FactSet Research Systems (FDS) | $326.38 | $292.00 ➝ $325.00 | Hold ➝ Hold |
| Jefferies Financial Group | Initiates | FormFactor (FORM) | $85.63 | $102.00 | Buy |
| Berenberg Bank | Reiterates | Forterra (FORT) | GBX 157 | GBX 150 | Hold |
| Mizuho | Downgrades | Fortrea (FTRE) | $21.39 | $16.00 ➝ $19.00 | Neutral ➝ Underperform |
| LADENBURG THALM/SH SH | Upgrades | Gladstone Investment (GAIN) | $15.01 | $17.00 | Neutral ➝ Buy |
| Needham & Company LLC | Lowers Target | Gilat Satellite Networks (GILT) | $6.03 | $20.00 ➝ $11.00 | Buy ➝ Buy |
| Jefferies Financial Group | Initiates | Corning (GLW) | $112.21 | $134.00 | Buy |
| Jefferies Financial Group | Initiates | Guidewire Software (GWRE) | $155.78 | $175.00 | Hold |
| Wells Fargo & Company | Downgrades | The Hartford Insurance Group (HIG) | $137.81 | $158.00 ➝ $139.00 | Overweight ➝ Equal Weight |
| HC Wainwright | Lowers Target | HIVE Digital Technologies (HIVE) | $1.72 | $6.00 ➝ $5.00 | Buy ➝ Buy |
| Needham & Company LLC | Lowers Target | Horizon Quantum Computing Pte. (HQ) | $12.59 | $20.00 ➝ $19.00 | Buy ➝ Buy |
| BTIG Research | Reiterates | Harrow (HROW) | $30.36 | $63.00 | Buy ➝ Buy |
| JPMorgan Chase & Co. | Lowers Target | Hubbell (HUBB) | $438.42 | $486.00 ➝ $470.00 | Neutral ➝ Neutral |
| Northland Securities | Downgrades | Terrestrial Energy (IMSR) | $2.72 | $3.25 | Outperform ➝ Market Perform |
| HC Wainwright | Raises Target | Opus Genetics (IRD) | $4.23 | $8.00 ➝ $14.00 | Buy ➝ Buy |
| Jefferies Financial Group | Initiates | JBT Marel (JBTM) | $129.55 | $142.00 | Hold |
| Jefferies Financial Group | Initiates | Littelfuse (LFUS) | $383.37 | $471.00 | Buy |
| Bank of America | Downgrades | Life360 (LIF) | $41.98 | $60.00 ➝ $45.00 | Buy ➝ Neutral |
| Robert W. Baird | Lowers Target | Lineage (LINE) | $34.88 | $43.00 ➝ $40.00 | Neutral ➝ Neutral |
| Needham & Company LLC | Raises Target | Liquidia (LQDA) | $51.40 | $58.00 ➝ $66.00 | Buy ➝ Buy |
| Morgan Stanley | Downgrades | Mid-America Apartment Communities (MAA) | $118.84 | $147.00 ➝ $134.00 | Overweight ➝ Equal Weight |
| Stifel Nicolaus | Raises Target | 908 Devices (MASS) | $9.98 | $12.00 ➝ $14.00 | Buy ➝ Buy |
| Mizuho | Downgrades | Pediatrix Medical Group (MD) | $31.55 | $28.00 | Neutral ➝ Underperform |
| Stifel Nicolaus | Raises Target | Martin Marietta Materials (MLM) | $528.45 | $629.00 ➝ $653.00 | Buy ➝ Buy |
| JPMorgan Chase & Co. | Upgrades | Mercury Systems (MRCY) | $83.58 | $102.00 | Neutral ➝ Overweight |
| Piper Sandler | Reiterates | Mercury Systems (MRCY) | $83.58 | $107.00 | Overweight ➝ Overweight |
| Cantor Fitzgerald | Raises Target | NewAmsterdam Pharma (NAMS) | $19.18 | $52.00 ➝ $61.00 | Overweight ➝ Overweight |
| Cantor Fitzgerald | Raises Target | Energy Vault (NRGV) | $3.54 | $7.00 ➝ $12.00 | Overweight ➝ Overweight |
| Robert W. Baird | Downgrades | NVIDIA (NVDA) | $168.93 | $500.00 ➝ $200.00 | Outperform ➝ Neutral |
| JPMorgan Chase & Co. | Lowers Target | nVent Electric (NVT) | $112.41 | $167.00 ➝ $155.00 | Overweight ➝ Overweight |
| Jefferies Financial Group | Reiterates | Oxford Instruments (OXIG) | GBX 2,646 | GBX 3,000 | Hold |
| HC Wainwright | Lowers Target | Palisade Bio (PALI) | $1.13 | $7.00 ➝ $5.00 | Buy ➝ Buy |
| Maxim Group | Downgrades | Paysign (PAYS) | $10.14 | | Buy ➝ Hold |
| JPMorgan Chase & Co. | Downgrades | Phreesia (PHR) | $13.15 | $13.00 | Neutral ➝ Underweight |
| Jefferies Financial Group | Reiterates | Playtech (PTEC) | GBX 361 | GBX 405 | Hold |
| Stifel Nicolaus | Lowers Target | D-Wave Quantum (QBTS) | $10.48 | $35.00 ➝ $23.00 | Buy ➝ Buy |
| Rosenblatt Securities | Lowers Target | D-Wave Quantum (QBTS) | $10.48 | $43.00 ➝ $30.00 | Buy ➝ Buy |
| Needham & Company LLC | Lowers Target | D-Wave Quantum (QBTS) | $10.48 | $40.00 ➝ $20.00 | Buy ➝ Buy |
| Chardan Capital | Lowers Target | QumulusAI (QMLS) | $3.07 | $13.00 | Buy ➝ Buy |
| Needham & Company LLC | Lowers Target | QuickLogic (QUIK) | $8.22 | $20.00 ➝ $12.00 | Buy ➝ Buy |
| Robert W. Baird | Lowers Target | RideNow Group (RDNW) | $5.57 | $9.00 ➝ $5.50 | Neutral ➝ Neutral |
| Needham & Company LLC | Lowers Target | Rigetti Computing (RGTI) | $12.15 | $31.00 ➝ $15.00 | Buy ➝ Buy |
| Needham & Company LLC | Lowers Target | Rocket Lab (RKLB) | $62.71 | $120.00 ➝ $100.00 | Buy ➝ Buy |
| JPMorgan Chase & Co. | Upgrades | Republic Services (RSG) | $247.43 | $265.00 ➝ $295.00 | Neutral ➝ Overweight |
| Cantor Fitzgerald | Lowers Target | Satellogic (SATL) | $3.90 | $9.00 ➝ $7.00 | Overweight ➝ Overweight |
| Needham & Company LLC | Raises Target | Solaris Energy Infrastructure (SEI) | $61.64 | $104.00 ➝ $126.00 | Buy ➝ Buy |
| Mizuho | Downgrades | Surgery Partners (SGRY) | $26.73 | $19.00 ➝ $25.00 | Outperform ➝ Neutral |
| Jefferies Financial Group | Reiterates | Shell (SHEL) | GBX 3,689 | GBX 4,500 | Buy |
| Stifel Nicolaus | Lowers Target | Spire Global (SPIR) | $9.35 | $24.00 ➝ $20.00 | Buy ➝ Buy |
| Jefferies Financial Group | Reiterates | Spirax-Sarco Engineering (SPX) | GBX 7,650 | GBX 8,955 | Buy |
| Jefferies Financial Group | Initiates | Sensata Technologies (ST) | $40.32 | $40.00 | Hold |
| The Goldman Sachs Group | Downgrades | Suja Life (SUJA) | $9.97 | $12.00 | Buy ➝ Neutral |
| Jefferies Financial Group | Initiates | Symbotic (SYM) | $37.62 | $35.00 | Hold |
| Berenberg Bank | Raises Target | Tatton Asset Management (TAM) | GBX 652.90 | GBX 820 ➝ GBX 840 | Buy |
| Shore Capital Group | Reiterates | Ten Lifestyle Group (TENG) | GBX 88 | GBX 189 | Buy |
| Jefferies Financial Group | Initiates | Teradyne (TER) | $245.40 | $284.00 | Buy |
| Berenberg Bank | Lowers Target | LON:TIN (TIN) | GBX 58.95 | GBX 153 ➝ GBX 93 | Buy |
| HC Wainwright | Lowers Target | TriSalus Life Sciences (TLSI) | $2.85 | $12.00 ➝ $10.00 | Buy ➝ Buy |
| Sanford C. Bernstein | Downgrades | Toast (TOST) | $34.60 | $45.00 ➝ $38.00 | Outperform ➝ Market Perform |
| Cantor Fitzgerald | Raises Target | Trade Desk (TTD) | $15.42 | $14.00 ➝ $15.00 | Neutral ➝ Neutral |
| Jefferies Financial Group | Reiterates | Taylor Wimpey (TW) | GBX 82.40 | GBX 101 | Buy |
| HC Wainwright | Lowers Target | Tyra Biosciences (TYRA) | $21.00 | $29.00 ➝ $27.00 | Buy ➝ Buy |
| Deutsche Bank Aktiengesellschaft | Upgrades | Unilever (UL) | $66.45 | | Hold ➝ Buy |
| HC Wainwright | Lowers Target | Upstream Bio (UPB) | $3.38 | $18.00 | Buy ➝ Buy |
| Cantor Fitzgerald | Lowers Target | Wix.com (WIX) | $64.38 | $90.00 ➝ $80.00 | Overweight ➝ Overweight |
| Jefferies Financial Group | Reiterates | Watches of Switzerland Group (WOSG) | GBX 772.50 | GBX 740 | Hold |
| Berenberg Bank | Raises Target | Whitbread (WTB) | GBX 2,818 | GBX 2,400 ➝ GBX 2,700 | Hold |
| HC Wainwright | Raises Target | WhiteFiber (WYFI) | $9.21 | $34.00 ➝ $36.00 | Buy ➝ Buy |
| Needham & Company LLC | Lowers Target | WhiteFiber (WYFI) | $9.21 | $41.00 ➝ $37.00 | Buy ➝ Buy |
| BTIG Research | Lowers Target | WhiteFiber (WYFI) | $9.21 | $50.00 ➝ $30.00 | Buy ➝ Buy |
| BTIG Research | Reiterates | Exagen (XGN) | $5.26 | $9.00 | Buy ➝ Buy |
| Jefferies Financial Group | Initiates | Zebra Technologies (ZBRA) | $321.38 | $382.00 | Buy |
| Berenberg Bank | Reiterates | Zotefoams (ZTF) | GBX 457.52 | GBX 590 | Buy |
