US BROKER MOVES: AA upgraded at UBS; INSP downgraded at BofA

UPGRADES

Alcoa (AA) upgraded to Buy at UBS; PT USD 80 (prev. USD 75)
Bloom Energy (BE) upgraded to Outperform at Daiwa Securities; PT USD 324
CAVA Group (CAVA) upgraded to Buy at Argus; PT USD 92
Generac (GNRC) upgraded to Buy at Jefferies; PT USD 302 (prev. USD 239)
Haemonetics (HAE) upgraded to Buy at BofA Securities; PT USD 80 (prev. USD 72)
NIO (NIO) upgraded to Buy at CMB International Securities; PT USD 7
NetEase (NTES) upgraded to Buy at 86Research
Texas Instruments (TXN) upgraded to Buy at Seaport Global Securities; PT USD 400
Viking Holdings (VIK) upgraded to Buy at Truist Securities; PT USD 102 (prev. USD 75)
Zoom Communications (ZM) upgraded to Sector Weight at KeyBanc

DOWNGRADES

BHP Group (BHP) downgraded to Neutral at BofA Securities
Endava (DAVA) downgraded to Underweight at JPMorgan; PT USD 5 (prev. USD 9)
Deckers Outdoor (DECK) downgraded to Neutral at KGI Securities; PT USD 117
Dollar General (DG) downgraded to Hold at Gordon Haskett; PT USD 140 (prev. USD 110)
Inspire Medical Systems (INSP) downgraded to Neutral at BofA Securities; PT USD 39
Rio Tinto (RIO) downgraded to Neutral at BofA Securities
Summit Therapeutics (SMMT) downgraded to Neutral at H.C. Wainwright

INITIATIONS

Ameresco (AMRC) initiated at New Neutral at Guggenheim
Alto Neuroscience (ANRO) initiated at New Outperform at Wolfe Research; PT USD 35
Commercial Metals (CMC) initiated at New Equalweight at Barclays; PT USD 75
Compass Pathways (CMPS) initiated at New Outperform at Wolfe Research; PT USD 18
Eos Energy Enterprises (EOSE) initiated at New Buy at Needham; PT USD 11
Essent Group (ESNT) initiated at New Sector Perform at RBC Capital; PT USD 68
Elastic (ESTC) initiated at New Outperform at William Blair
Immunic (IMUX) initiated at New Outperform at Wolfe Research; PT USD 25
MGIC Investment (MTG) initiated at New Sector Perform at RBC Capital; PT USD 28
NMI Holdings (NMIH) initiated at New Outperform at RBC Capital; PT USD 46
Oklo (OKLO) initiated at New Buy at BofA Securities; PT USD 80
Q32 Bio (QTTB) initiated at New Outperform at Mizuho; PT USD 14
Radian Group (RDN) initiated at New Outperform at RBC Capital; PT USD 47
SAB Biotherapeutics (SABS) initiated at New Buy at Citi; PT USD 11
NuScale Power (SMR) initiated at New Neutral at BofA Securities; PT USD 12
Sensei Biotherapeutics (SNSE) initiated at New Buy at Citi; PT USD 55