BROKER MOVES: SEDG upgraded at UBS; NKE downgraded at Truist

• Argenx (ARGX) Upgraded from Neutral to Buy at UBS; PT USD 1,400
• DT Midstream (DTM) Upgraded from Peer Perform to Outperform at Wolfe Research; PT USD 145
• Neogen (NEOG) Upgraded from Neutral to Overweight at Piper Sandler; PT USD 14
• SolarEdge (SEDG) Upgraded from Neutral to Buy at UBS; PT USD 42

• Core & Main (CNM) Downgraded from Buy to Neutral at Northcoast
• Dick's Sporting Goods (DKS) Downgraded from Outperform to Neutral at KGI Securities
• Dick's Sporting Goods (DKS) Downgraded from Outperform to Market Perform at Telsey; PT USD 145
• Dick's Sporting Goods (DKS) Downgraded from Buy to Hold at Truist Securities; PT USD 135
• Edison International (EIX) Downgraded from Buy to Hold at Argus
• EPAM Systems (EPAM) Downgraded from Overweight to Neutral at JPMorgan; PT USD 120
• GoDaddy (GDDY) Downgraded from Equal Weight to Underweight at Wells Fargo; PT USD 76
• Intuit (INTU) Downgraded from Overweight to Neutral at JPMorgan; PT USD 331
• Intuit (INTU) Downgraded from Buy to Neutral at BofA Securities; PT USD 360
• Nike (NKE) Downgraded from Buy to Hold at Truist Securities; PT USD 42
• ReNew Energy Global (RNW) Downgraded from Buy to Neutral at Roth/MKM; PT USD 7.02
• TJX (TJX) Downgraded from Buy to Hold at Jefferies; PT USD 145
• Trupanion (TRUP) Downgraded from Overweight to Neutral at Piper Sandler; PT USD 32

• ADIG (ADIG) Initiated at Hold at Truist Securities; PT USD 24
• Axogen (AXGN) Initiated at Buy at Truist Securities; PT USD 60
• Cardiol Therapeutics (CRDL) Initiated at Buy at B. Riley; PT USD 11
• CV (CV) Initiated at Buy at Titan Partners; PT USD 10
• EVMN (EVMN) Initiated at Buy at Needham; PT USD 28
• Harmony Biosciences (HRMY) Initiated at Outperform at Wolfe Research; PT USD 60
• L3Harris Technologies (LHX) Initiated at Hold at Jefferies
• PUSA (PUSA) Initiated at Buy at Roth/MKM; PT USD 7.50
• YSS (YSS) Initiated at Hold at Craig-Hallum; PT USD 11

Daily broker roundups of this kind are a staple of the pre-market tape, and the established pattern is that single-name rating changes move a stock at the open and fade within a session unless they cluster or come from a house with recognized sector authority. Two features stand out here. The Dick's Sporting Goods downgrades from three separate shops on the same morning are the kind of pile-on that has historically produced more durable pressure than an isolated call, since it signals a shared read on the same underlying data point, typically a guidance reset or channel check. The Intuit downgrades at two major houses likewise suggest a coordinated reappraisal rather than one analyst's view. The Nike move at Truist sits within a long-running debate over the pace of its brand recovery, a debate that has swung the peer set between footwear and apparel retailers repeatedly. On the upgrade side, the SolarEdge and Argenx calls from the same desk reflect house-level sector views, which tend to matter more for the beaten-down name than the consensus one. Target prices in such wraps occasionally carry apparent inconsistencies with prevailing quotes, and desk practice is to treat the rating direction, not the printed level, as the signal.