U.S. RESEARCH ROUNDUP-Dutch Bros, Phreesia, Starbucks

+1.38%

-2.44%

+0.02%

-0.13%

+2.67%

CVS Health Corporation CVS	73.49	+1.38%
Lincoln Electric Holdings, Inc. LECO	243.67	-2.44%
Merck & Co., Inc. MRK	120.87	+0.02%
Terns Pharmaceuticals, Inc. TERN	52.72	-0.13%
Progress Software Corporation PRGS	25.76	+2.67%

March 31 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Dutch Bros, Phreesia and Starbucks on Tuesday.

HIGHLIGHTS

* Dutch Bros Inc BROS.N: Exane BNP Paribas initiates coverage with outperform rating

* Phreesia Inc PHR.N: JP Morgan cuts to neutral from overweight

* Starbucks SBUX.O: Exane BNP Paribas initiates coverage with underperform rating

* Terns Pharmaceuticals Inc TERN.O: Truist Securities cuts to hold from buy

* Wingstop Inc WING.O: Exane BNP Paribas initiates coverage with outperform rating

Following is a summary of research actions on U.S. companies reported by Reuters on Tuesday. Stock entries are in alphabetical order.

* Abbott ABT.N: BTIG cuts target price to $131 from $140

* Amphenol Corp APH.N: Jefferies assumes coverage with buy vs hold rating

* Amphenol Corp APH.N: Jefferies assumes coverage with target price $145 vs $150

* Anaptysbio Inc ANAB.O: Piper Sandler raises target price to $95 from $67

* Automatic Data Processing Inc ADP.O: TD Cowen cuts target price to $208 from $255

* Cava Group Inc CAVA.N: Exane BNP Paribas initiates coverage with neutral rating

* Cava Group Inc CAVA.N: Exane BNP Paribas initiates coverage with target price $91

* Chipotle Mexican Grill CMG.N: Exane BNP Paribas initiates coverage with neutral rating

* Chipotle Mexican Grill CMG.N: Exane BNP Paribas initiates coverage with PT $37

* CVS Health Corp CVS.N: Piper Sandler cuts target price to $99 from $101

* Dutch Bros Inc BROS.N: Exane BNP Paribas initiates coverage with outperform rating

* Dutch Bros Inc BROS.N: Exane BNP Paribas initiates coverage with target price $73

* Emerson EMR.N: Jefferies assumes coverage with buy vs hold rating; PT $175 vs $160

* Esab Corp ESAB.N: Jefferies assumes coverage with buy rating; PT $130 vs $150

* Flowserve Corp FLS.N: Jefferies assumes coverage with buy rating; PT $90 vs $100

* Hayward Holdings Inc HAYW.N: Jefferies assumes coverage with hold rating

* Hayward Holdings Inc HAYW.N: Jefferies assumes coverage with price target $15 vs $16

* Jack In the Box Inc JACK.O: Stifel cuts target price to $10 from $18

* Lincoln Electric Holdings LECO.O: Jefferies assumes coverage with hold vs buy rating

* Lincoln Electric Holdings LECO.O: Jefferies assumes coverage with PT $280 vs $350

* Maze Therapeutics Inc MAZE.O: JP Morgan raises target price to $58 from $52

* Merck & Co Inc MRK.N: Jefferies raises target price to $138 from $132

* Middleby Corp MIDD.O: Jefferies assumes coverage with buy rating; target price $195

* MSA Safety Inc MSA.N: Jefferies assumes coverage with hold rating; PT $180 vs $200

* Paycom Software Inc PAYC.N: TD Cowen raises target price to $148 from $137

* Paylocity Holding Corp PCTY.O: TD Cowen cuts target price to $155 from $178

* Phreesia Inc PHR.N: D.A. Davidson cuts target price to $14 from $30

* Phreesia Inc PHR.N: JP Morgan cuts to neutral from overweight

* Phreesia Inc PHR.N: JP Morgan cuts target price to $16 from $24

* Progress Software Corp PRGS.O: D.A. Davidson cuts target price to $40 from $50

* Progress Software Corp PRGS.O: Jefferies cuts target price to $34 from $45

* Rockwell Automation Inc ROK.N: Jefferies assumes coverage with hold vs buy rating

* Rockwell Automation Inc ROK.N: Jefferies assumes coverage with PT $380 vs $490

* Shake Shack Inc SHAK.N: Exane BNP Paribas initiates coverage with outperform rating

* Shake Shack Inc SHAK.N: Exane BNP Paribas initiates coverage with target price $124

* Starbucks SBUX.O: Exane BNP Paribas initiates coverage with underperform rating

* Starbucks SBUX.O: Exane BNP Paribas initiates coverage with target price $84

* Sweetgreen Inc SG.N: Exane BNP Paribas initiates coverage with underperform rating

* Sweetgreen Inc SG.N: Exane BNP Paribas initiates coverage with target price $4.5

* Terns Pharmaceuticals Inc TERN.O: Truist Securities cuts to hold from buy

* Terns Pharmaceuticals Inc TERN.O: Truist Securities cuts target price to $53 from $56

* Thermo Fisher Scientific Inc TMO.N: Jefferies reinstates coverage with buy rating

* Thermo Fisher Scientific Inc TMO.N: Jefferies reinstates coverage with PT $600

* USA Rare Earth Inc USAR.O: Canaccord Genuity cuts target price to $29 from $33

* Veralto Corp VLTO.N: Jefferies assumes coverage with buy vs hold rating

* Veralto Corp VLTO.N: Jefferies assumes coverage with target price $110 vs $105

* Vertiv Holdings Co VRT.N: Jefferies assumes coverage with hold vs buy rating

* Vertiv Holdings Co VRT.N: Jefferies assumes coverage with target price $260 vs $280

* Viridian Therapeutics Inc VRDN.O: Jefferies cuts target price to $29 from $45

* Wabtec Corp WAB.N: Jefferies assumes coverage with buy rating; PT $290 vs $300

* Wingstop Inc WING.O: Exane BNP Paribas initiates coverage with outperform rating

* Wingstop Inc WING.O: Exane BNP Paribas initiates coverage with target price $275

* Xylem Inc XYL.N: Jefferies assumes coverage with hold rating; PT $130 vs $140

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