TD Cowen Stock Recommendations and Price Targets

This is a list of recent ratings by TD Cowen.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/25/2025	ALK Alaska Air Group	Boost Price Target	$42.00	$54.00 ➝ $62.00	Buy	Medium
4/25/2025	TFII TFI International	Lower Price Target	$80.00	$128.00 ➝ $115.00	Buy	High
4/25/2025	CVLG Covenant Logistics Group	Lower Price Target	$20.00	$31.00 ➝ $30.00	Buy	High
4/25/2025	DAR Darling Ingredients	Lower Price Target	$32.00	$37.00 ➝ $34.00	Hold	High
4/25/2025	MBLY Mobileye Global	Boost Price Target	$15.00	$15.00 ➝ $18.00	Buy	High
4/25/2025	STM STMicroelectronics	Boost Price Target	$23.00	$18.00 ➝ $23.00	Hold	Low
4/25/2025	VLO Valero Energy	Lower Price Target	$114.00	$121.00 ➝ $118.00	Buy	Medium
4/25/2025	VLRS Controladora Vuela Compañía de Aviación	Lower Price Target	$5.00	$10.00 ➝ $6.00	Buy	High
4/25/2025	AAL American Airlines Group	Boost Price Target	$10.00	$13.00	Unchanged	Medium
4/24/2025	BKR Baker Hughes	Lower Price Target	$36.00	$50.00 ➝ $49.00	Buy	Medium
4/24/2025	GEV GE Vernova	Lower Price Target	$373.00	$405.00 ➝ $390.00	Buy	High
4/24/2025	KNX Knight-Swift Transportation	Lower Price Target	$39.00	$55.00 ➝ $49.00	Buy	High
4/24/2025	LRCX Lam Research	Lower Price Target	$71.00	$110.00 ➝ $100.00	Buy	High
4/23/2025	ENPH Enphase Energy	Lower Price Target	$47.00	$78.00 ➝ $58.00	Buy	High
4/22/2025	UAL United Airlines	Boost Price Target	$68.00	$73.00 ➝ $88.00	Buy ➝ Buy	Low
4/22/2025	UTZ Utz Brands	Downgrade	$13.00	$17.00 ➝ $15.00	Buy ➝ Hold	Low
4/21/2025	LBRT Liberty Energy	Boost Price Target	$12.00	$10.00 ➝ $13.00	Hold	High
4/21/2025	FIS Fidelity National Information Services	Upgrade	$79.00	$92.00	Hold ➝ Buy	Medium
4/21/2025	GPN Global Payments	Downgrade	$73.00	$78.00	Buy ➝ Hold	High
4/16/2025	JBHT J.B. Hunt Transport Services	Lower Price Target	$130.00	$160.00 ➝ $140.00	Hold	Medium
4/15/2025	AGL agilon health	Boost Price Target	$4.00	$3.50 ➝ $6.00	Hold ➝ Hold	Low
4/14/2025	ICLR ICON Public	Downgrade	$145.00	$254.00 ➝ $157.00	Buy ➝ Hold	Medium
4/14/2025	MEDP Medpace	Downgrade	$299.00	$370.00 ➝ $328.00	Buy ➝ Hold	Medium
4/11/2025	ENPH Enphase Energy	Lower Price Target	$47.00	$94.00 ➝ $78.00	Buy ➝ Buy	High
4/11/2025	THS TreeHouse Foods	Lower Price Target	$22.00	$32.00 ➝ $27.00	Hold ➝ Hold	Low
4/10/2025	DAL Delta Air Lines	Boost Price Target	$42.00	$45.00 ➝ $50.00	Buy	High
4/10/2025	RYAN Ryan Specialty	Initiated Coverage	$65.00	$89.00	Buy	High
4/10/2025	A Agilent Technologies	Boost Price Target	$106.00	$135.00	Buy	Medium
4/9/2025	AMD Advanced Micro Devices	Lower Price Target	$97.00	$135.00 ➝ $110.00	Buy	High
4/9/2025	IVZ Invesco	Downgrade	$14.00	$22.00 ➝ $13.00	Buy ➝ Hold	High
4/9/2025	KKR KKR & Co. Inc.	Lower Price Target	$114.00	$183.00 ➝ $126.00	Buy ➝ Buy	High
4/9/2025	BX Blackstone	Lower Price Target	$133.00	$233.00 ➝ $147.00	Buy ➝ Buy	High
4/9/2025	BLK BlackRock	Lower Price Target	$908.00	$1,251.00 ➝ $1,032.00	Buy ➝ Buy	High
4/9/2025	BEN Franklin Resources	Lower Price Target	$19.00	$20.00 ➝ $17.50	Hold ➝ Hold	High
4/9/2025	ARES Ares Management	Lower Price Target	$154.00	$216.00 ➝ $161.00	Buy ➝ Buy	High
4/9/2025	APO Apollo Global Management	Lower Price Target	$134.00	$214.00 ➝ $144.00	Buy ➝ Buy	High
4/9/2025	APAM Artisan Partners Asset Management	Lower Price Target	$37.00	$46.00 ➝ $35.00	Hold ➝ Hold	High
4/9/2025	AMG Affiliated Managers Group	Lower Price Target	$162.00	$187.00 ➝ $168.00	Hold ➝ Hold	High
4/9/2025	AB AllianceBernstein	Lower Price Target	$38.00	$37.50 ➝ $34.00	Hold ➝ Hold	High
4/9/2025	BOC Boston Omaha	Lower Price Target	$15.00	$28.00 ➝ $25.00	Buy ➝ Buy	Low
4/9/2025	CWST Casella Waste Systems	Initiated Coverage	$116.00	$130.00	Buy	Medium
4/9/2025	CG The Carlyle Group	Lower Price Target	$39.00	$54.00 ➝ $37.00	Hold ➝ Hold	High
4/9/2025	SF Stifel Financial	Lower Price Target	$86.00	$124.00 ➝ $84.00	Hold ➝ Hold	High
4/9/2025	TPG TPG	Lower Price Target	$47.00	$65.00 ➝ $42.00	Hold ➝ Hold	High
4/9/2025	NVDA NVIDIA	Lower Price Target	$111.00	$175.00 ➝ $140.00	Buy ➝ Buy	High
4/9/2025	TROW T. Rowe Price Group	Lower Price Target	$88.00	$112.00 ➝ $89.00	Hold ➝ Hold	High
4/9/2025	TW Tradeweb Markets	Boost Price Target	$135.00	$142.00 ➝ $153.00	Buy ➝ Buy	N/A
4/9/2025	QCOM QUALCOMM	Lower Price Target	$149.00	$195.00 ➝ $160.00	Buy ➝ Buy	High
4/9/2025	VRTS Virtus Investment Partners	Lower Price Target	$153.00	$220.00 ➝ $158.00	Hold ➝ Hold	High
4/8/2025	AR Antero Resources	Upgrade	$35.00	$40.00 ➝ $46.00	Hold ➝ Buy	High
4/8/2025	EQT EQT	Upgrade	$50.00	$54.00 ➝ $54.00	Hold ➝ Buy	High
4/8/2025	EXE Chesapeake Energy	Upgrade	$105.00	$108.00 ➝ $116.00	Hold ➝ Buy	High
4/8/2025	OXY Occidental Petroleum	Downgrade	$40.00	$68.00 ➝ $45.00	Buy ➝ Hold	High
4/8/2025	AFRM Affirm	Initiated Coverage	$49.00	$50.00	Buy	High
4/8/2025	TTAN ServiceTitan	Initiated Coverage	$125.00	$120.00	Buy	High
4/8/2025	SHEL Shell	Lower Price Target	$66.00	$82.00 ➝ $76.00	Buy ➝ Buy	High
4/8/2025	PINS Pinterest	Lower Price Target	$26.00	$46.00 ➝ $40.00	Buy ➝ Buy	High
4/8/2025	UBER Uber Technologies	Lower Price Target	$78.00	$90.00 ➝ $88.00	Buy ➝ Buy	High
4/4/2025	DAR Darling Ingredients	Lower Price Target	$32.00	$43.00 ➝ $37.00	Hold	High
4/4/2025	VVV Valvoline	Initiated Coverage	$35.00	$40.00	Buy	High
4/3/2025	LSTR Landstar System	Lower Price Target	$135.00	$161.00 ➝ $145.00	Hold	High
4/2/2025	GWH ESS Tech	Downgrade	$2.00		Strong-Buy ➝ Hold	Medium
4/2/2025	NAVI Navient	Upgrade	$12.00		Strong Sell ➝ Hold	High
4/1/2025	ENVA Enova International	Upgrade	$98.00	$17.00	Hold ➝ Buy	High
4/1/2025	FWRG First Watch Restaurant Group	Upgrade	$19.00	$22.00	Hold ➝ Buy	High
4/1/2025	MIST Milestone Pharmaceuticals	Downgrade	$1.00		Strong-Buy ➝ Hold	Medium
3/28/2025	TFII TFI International	Lower Price Target	$80.00	$135.00 ➝ $128.00	Buy	High
3/21/2025	FDX FedEx	Lower Price Target	$211.00	$337.00 ➝ $310.00	Buy	High
3/19/2025	BP BP	Downgrade	$29.00	$40.00	Buy ➝ Hold	Medium
3/19/2025	SHEL Shell	Initiated Coverage	$66.00	$81.00	Buy	Low
3/18/2025	PRTH Priority Technology	Upgrade	$7.00		Strong-Buy	Medium
3/18/2025	LENZ LENZ Therapeutics	Initiated Coverage	$27.00	$60.00	Buy	Medium
3/18/2025	NRGV Energy Vault	Lower Price Target	$1.00	$2.50 ➝ $2.00	Buy	High
3/13/2025	AAL American Airlines Group	Boost Price Target	$10.00	$26.00	Buy	Low
3/12/2025	TER Teradyne	Lower Price Target	$77.00	$135.00 ➝ $110.00	Buy	High
3/11/2025	PBF PBF Energy	Lower Price Target	$16.00	$19.00 ➝ $17.00	Sell	High
3/11/2025	ASPN Aspen Aerogels	Upgrade	$6.00		Strong-Buy	High
3/11/2025	CDE Coeur Mining	Upgrade	$6.00		Strong-Buy	High
3/7/2025	AXL American Axle & Manufacturing	Initiated Coverage	$4.00	$5.00	Hold	Medium
3/7/2025	ALV Autoliv	Initiated Coverage	$91.00	$116.00	Buy	Low
3/7/2025	DAY Dayforce	Upgrade	$58.00	$67.00 ➝ $68.00	Hold ➝ Buy	Low
3/7/2025	BWA BorgWarner	Downgrade	$28.00	$31.00	Buy ➝ Hold	High
3/7/2025	GAUZ Gauzy	Downgrade	$10.00	$10.00	Buy ➝ Hold	Medium
3/7/2025	F Ford Motor	Initiated Coverage	$10.00	$10.00	Hold	Medium
3/7/2025	GM General Motors	Initiated Coverage	$47.00	$105.00	Buy	Low
3/7/2025	GT Goodyear Tire & Rubber	Initiated Coverage	$11.00	$14.00	Buy	High
3/7/2025	LEA Lear	Downgrade	$85.00	$95.00	Buy ➝ Hold	High
3/7/2025	CRNC Cerence	Initiated Coverage	$10.00	$11.50	Hold	N/A
3/7/2025	AUR Aurora Innovation	Initiated Coverage	$7.00	$8.00	Hold	High
3/7/2025	ASPN Aspen Aerogels	Initiated Coverage	$6.00	$11.00	Buy	Medium
3/7/2025	APTV Aptiv	Initiated Coverage	$56.00	$90.00	Buy	High
3/7/2025	TSLA Tesla	Upgrade	$285.00	$180.00 ➝ $388.00	Hold ➝ Buy	Medium
3/7/2025	LCID Lucid Group	Initiated Coverage	$2.00	$2.30	Hold	Medium
3/7/2025	RIVN Rivian Automotive	Initiated Coverage	$13.00	$12.70	Hold	Medium
3/7/2025	STLA Stellantis	Initiated Coverage	$9.00	$13.00	Hold	Low
3/7/2025	VC Visteon	Initiated Coverage	$79.00	$108.00	Buy	Low
3/6/2025	GT Goodyear Tire & Rubber	Upgrade	$11.00		Strong-Buy	Low
3/6/2025	MRVL Marvell Technology	Lower Price Target	$59.00	$125.00 ➝ $95.00	Buy	High
3/6/2025	SVCO Silvaco Group	Lower Price Target	$5.00	$15.00 ➝ $12.00	Buy	High
3/4/2025	CLMT Calumet Specialty Products Partners	Downgrade	$10.00	$26.00 ➝ $16.00	Buy ➝ Hold	High