BUY ROBINHOOD: Redburn analyst Charles Bendit initiated coverage of Robinhood ($HOOD) with a Buy rating and fair value estimate of $65.35, implying 29% upside. Robinhood continues to enlarge its defined market and is geared into the increasing wealth of its users, a generation whose share of U.S. wealth is projected to triple by 2030, Bendit told investors in a research note. Alongside expansion in this area and crypto trading, the analyst expects the company to move into adjacent consumer finance areas and "export its model to overseas regions ripe for disrupt." If Robinhood is valued in line with other "disruptive fintechs" and is also able to capture a 1% share of global neobanking revenues in 2023, he sees fair value of $97.42, implying 92% upside. MOVING TO THE SIDELINES: Evercore ISI analyst David Motemaden downgraded Allstate ($ALL) to In Line from Outperform with a price target of $135, down from $142. The analyst's revised earnings estimates are now 7% below the Street and he believes the benefit of a large scale share repurchase has played out following the $5B authorization. Even if Allstate takes less rate than the industry, its distribution channel is "more prone to switching to the independent or direct channel if faced with a rate increase," Motemaden told investors in a research note. POTENTIAL BRAND ACQUIRER: Truist analyst Patrick Scholes upgraded Hyatt ($H) to Hold from Sell with a $76 price target as part of a broader research note on Lodging that profiles hotel REITs "severely underperforming" since their mid-March highs. While Scholes continues to see macro headwinds from the company's owned exposure, overconcentration on higher-rated business/group demand, and potentially higher labor cost headwinds with active labor groups, he believes Hyatt could also become a potential brand acquirer. He also attributed the rating change in part to valuation. The analyst also upgraded Host Hotels ($HST) to Hold from Sell with a $16 price target;Park Hotels & Resorts ($PK) to Hold from Sell with an $18 price target;Sunstone Hotel ($SHO) to Hold from Sell with an $11 price target. SELL ADP: JPMorgan analyst Tien-tsin Huang downgraded ADP ($ADP) to Underweight from Neutral with a price target of $224, up from $208. The analyst downgraded the shares after establishing December 2022 price targets for the Payments and Processors sector. Modern players have outperformed, said the analyst, who expects some mean reversion in performance as legacy providers return to pre-pandemic growth in the second half of 2021. ADP trades at a healthy premium to the market and well above payment processing peers on a relative historic basis despite similar growth, Huang told investors in a research note. RESTAURANTS CONVICTION LIST: Cowen analyst Andrew Charles launched a "Restaurants Conviction List" with his top pick being Chipotle Mexican Grill ($CMG), followed by Starbucks ($SBUX) and Jack in the Box ($JACK). The "robust consumer macro backdrop" and independent store closures is permitting restaurants to take higher than usual pricing or openly contemplate pricing above historical levels, Charles told investors in a research note. The analyst continues to believe category leaders with an "entrenched" digital advantage are best positioned, namely Chipotle, Domino's ($DPZ), Starbucks and Wingstop ($WING).Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. .