US BROKER MOVES: AIG upgraded at Piper Sandler; TRV downgraded at Morgan Stanley

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UPGRADES

  • Arthur J. Gallagher (AJG) Upgraded to Overweight at Piper Sandler; PT USD 276 (prev USD 225)
  • AMC Entertainment (AMC) Upgraded to Buy at Texas Capital Securities; PT USD 3
  • CAVA Group (CAVA) Upgraded to Overweight at Morgan Stanley; PT USD 90 (prev USD 86)
  • CNX Resources (CNX) Upgraded to Hold at Truist Securities; PT USD 35
  • Digital Realty Trust (DLR) Upgraded to Buy at Guggenheim; PT USD 200
  • Powell Industries (POWL) Upgraded to Buy at GLJ Research; PT USD 427
  • Tenaris (TS) Upgraded to Equalweight at Morgan Stanley; PT USD 65 (prev USD 53)

DOWNGRADES

  • Ambev (ABEV) Downgraded to Sector Perform at Scotiabank
  • American International Group (AIG) Downgraded to Neutral at Piper Sandler; PT USD 80 (prev USD 88)
  • Allstate (ALL) Downgraded to Neutral at UBS; PT USD 261 (prev USD 255)
  • Aon (AON) Downgraded to Neutral at Piper Sandler; PT USD 377 (prev USD 355)
  • The Chefs' Warehouse (CHEF) Downgraded to Equalweight at Morgan Stanley; PT USD 97 (prev USD 83)
  • Check Point Software (CHKP) Downgraded to Market Perform at Raymond James
  • Element Solutions (ESI) Downgraded to Neutral at Mizuho; PT USD 45 (prev USD 54)
  • Evofem Biosciences (EVO) Downgraded to Hold at TD Cowen; PT USD 2 (prev USD 4)
  • The Hartford (HIG) Downgraded to Neutral at Piper Sandler; PT USD 146 (prev USD 148)
  • IBM (IBM) Downgraded to Perform at Oppenheimer
  • PagSeguro Digital (PAGS) Downgraded to Neutral at BofA Securities; PT USD 10 (prev USD 12)
  • Pentair (PNR) Downgraded to Sector Perform at RBC Capital; PT USD 74 (prev USD 101)
  • StoneCo (STNE) Downgraded to Neutral at BofA Securities; PT USD 13 (prev USD 23)
  • TriCo Bancshares (TCBK) Downgraded to Equal Weight at Stephens; PT USD 54
  • TransDigm Group (TDG) Downgraded to Equalweight at Morgan Stanley; PT USD 1,345 (prev USD 1,680)
  • Travelers (TRV) Downgraded to Underweight at Morgan Stanley; PT USD 290 (prev USD 333)

INITIATIONS

  • Agree Realty (ADC) Initiated Outperform at Huntington; PT USD 84
  • ArcBest (ARCB) Initiated Market Outperform at Citizens; PT USD 180
  • C.H. Robinson Worldwide (CHRW) Initiated Market Outperform at Citizens; PT USD 235
  • CSX (CSX) Initiated Market Perform at Citizens
  • Covenant Logistics Group (CVLG) Initiated Market Outperform at Citizens; PT USD 60
  • Expeditors International (EXPD) Initiated Market Perform at Citizens
  • FedEx (FDX) Initiated Market Outperform at Citizens; PT USD 375
  • FTAI Aviation (FTAI) Initiated Market Outperform at Citizens; PT USD 375
  • Global Net Lease (GNL) Initiated Market Perform at Huntington; PT USD 10
  • Gladstone Commercial (GOOD) Initiated Market Perform at Huntington; PT USD 13
  • GXO Logistics (GXO) Initiated Market Outperform at Citizens; PT USD 80
  • J.B. Hunt Transport Services (JBHT) Initiated Market Perform at Citizens
  • Knight-Swift Transportation (KNX) Initiated Market Outperform at Citizens; PT USD 90
  • Lantronix (LTRX) Initiated Buy at Jones Trading; PT USD 12
  • Pharvaris (PHVS) Initiated Overweight at Wells Fargo; PT USD 55
  • Ryder System (R) Initiated Market Perform at Citizens
  • Ring Energy (REI) Initiated Buy at BofA Securities; PT USD 2
  • Rollins (ROL) Initiated Neutral at Citi; PT USD 46
  • RXO (RXO) Initiated Market Perform at Citizens
  • Tango Therapeutics (TNGX) Initiated Overweight at JPMorgan; PT USD 46
  • U-Haul Holding (UHAL) Initiated Market Outperform at Citizens; PT USD 90
  • Unusual Machines (UMAC) Initiated Buy at H.C. Wainwright; PT USD 42
  • Union Pacific (UNP) Initiated Market Outperform at Citizens; PT USD 350
  • UPS (UPS) Initiated Market Perform at Citizens
  • Veracyte (VCYT) Initiated Overweight at Piper Sandler; PT USD 66
  • Wabash National (WNC) Initiated Market Outperform at Citizens; PT USD 25
  • XPO (XPO) Initiated Market Perform at Citizens

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