BROKER MOVES: YUM upgraded at Evercore ISI; SO downgraded at Jefferies

UPGRADES

• American Water (AWK) Upgraded to Hold at Jefferies; PT USD 124
• Boise Cascade (BCC) Upgraded to Outperform at BMO; PT USD 100
• CervoMed Inc (CRVO) Upgraded to Buy at HC Wainwright; PT USD 25
• Cloudflare (NET) Upgraded to Hold at DZ Bank; PT USD 237
• Farmer Mac (AGM) Upgraded to Outperform at KBW; PT USD 219
• Huya (HUYA) ADRs Upgraded to Buy at HSBC; PT USD 3.50
• IPG Photonics (IPGP) Upgraded to Buy at Citi; PT USD 105
• Kirby (KEX) Upgraded to Buy at Citi; PT USD 128
• Madrigal Pharma (MDGL) Upgraded to Overweight at Cantor
• Mosaic (MOS) Upgraded to Outperform at RBC; PT USD 30
• O'Reilly Automotive (ORLY) Upgraded to Outperform at Raymond James
• Qualys (QLYS) Upgraded to Neutral at Piper Sandler; PT USD 135
• RealReal (REAL) Upgraded to Overweight at KeyBanc; PT USD 16
• Sarepta (SRPT) Upgraded to Outperform at Mizuho Securities; PT USD 26
• Super Micro Computer (SMCI) Upgraded to Outperform at KGI Securities
• Ventyx Bio (VTYX) Upgraded to Buy at HC Wainwright; PT USD 18
• Welltower (WELL) Upgraded to Outperform at Evercore ISI; PT USD 208
• Wingstop (WING) Upgraded to Buy at Northcoast; PT USD 300
• Yum (YUM) Upgraded to Outperform at Evercore ISI; PT USD 180

DOWNGRADES

• Archer-Daniels-Midland (ADM) Downgraded to Underweight at JPMorgan; PT USD 59
• Aurinia Pharmaceuticals (AUPH) Downgraded to Sector Perform at RBC; PT USD 15
• Denny's (DENN) Downgraded to Hold at Benchmark
• Fiserv (FI) Downgraded to Neutral at BNPP Exane; PT USD 62
• Grocery Outlet (GO) Downgraded to Market Perform at Telsey; PT USD 17
• Rapid7 (RPD) Downgraded to Hold at Jefferies; PT USD 19
• Rhythm Pharma (RYTM) Downgraded to Market Perform at Oppenheimer
• Southern Co (SO) Downgraded to Hold at Jefferies; PT USD 103
• Trex (TREX) Downgraded to Hold at Vertical Research; PT USD 32
• Trex (TREX) Downgraded to Hold at Deutsche Bank; PT USD 40
• Trex (TREX) Downgraded to Market Perform at William Blair
• UL Solutions (ULS) Downgraded to Neutral at JPMorgan; PT USD 84

INITIATIONS

• Vanda Pharma (VNDA) Initiated at New Buy at B Riley; PT USD 11
• Verrica Pharma (VRCA) Initiated at New Buy at Lucid Capital Markets; PT USD 19