US BROKER MOVES: ALB upgraded at Baird; ASTS downgraded at Scotiabank

UPGRADES

Albemarle (ALB) Upgraded to Outperform at Baird; PT USD 210
Amcor (AMCR) Upgraded to Outperform at Baird; PT USD 10
Block (XYZ) Upgraded to Outperform at BNP Paribas; PT USD 83
BNY Mellon (BK) Upgraded to Buy at Truist Secs
Colgate-Palmolive (CL) Upgraded to Overweight at Piper Sandler; PT USD 88
First Bancorp NC (FBNC) Upgraded to Strong Buy at Raymond James; PT USD 62
First Commonwealth (FCF) Upgraded to Outperform at Raymond James; PT USD 20
Golub Capital (GBDC) Upgraded to Overweight at Wells Fargo; PT USD 14
HBT Financial (HBT) Upgraded to Outperform at Raymond James; PT USD 30
Hershey (HSY) Upgraded to Overweight at Piper Sandler; PT USD 213
Lowe's (LOW) Upgraded to Overweight at Barclays; PT USD 285
McDonald's (MCD) Upgraded to Outperform at Oppenheimer; PT USD 355
Wayfair (W) Upgraded to Overweight at Barclays; PT USD 123

DOWNGRADES

Afya (AFYA) Downgraded to Neutral at JPMorgan; PT USD 22
Alerus Financial (ALRS) Downgraded to Market Perform at Hovde Group
Arthur J Gallagher (AJG) Downgraded to Neutral at Piper Sandler; PT USD 272
AST SpaceMobile (ASTS) Downgraded to Sector Underperform at Scotiabank
Axalta (AXTA) Downgraded to Neutral at Baird; PT USD 35
Bain Capital Specialty Finance (BCSF) US Downgraded to Equal-Weight at Wells Fargo; PT USD 14
Bank of America (BAC) Downgraded to Peerperform at Wolfe
Bigbear.ai (BBAI) Downgraded to Neutral at Cantor; PT USD 6
BJ's Wholesale (BJ) Downgraded to Underweight at Barclays; PT USD 90
Blackstone Sec Lending (BXSL) Downgraded to Underweight at Wells Fargo; PT USD 24
ChoiceOne Financial Services (COFS) US Downgraded to Market Perform at Hovde Group
Cleveland-Cliffs (CLF) Downgraded to Sector Weight at KeyBanc
Crocs (CROX) Downgraded to Neutral at Baird; PT USD 100
Deckers Outdoor (DECK) Downgraded to Underweight at Piper Sandler; PT USD 85
Deckers Outdoor (DECK) Downgraded to Neutral at Baird; PT USD 125
Fidelis Insurance (FIHL) Downgraded to Underweight at JPMorgan; PT USD 21
First Solar (FSLR) Downgraded to Hold at Jefferies; PT USD 260
Gitlab (GTLB) Downgraded to Neutral at Cantor; PT USD 40
Graphic Packaging (GPK) Downgraded to Neutral at Baird; PT USD 18
Heritage Commerce (HTBK) Downgraded to Market Perform at Raymond James
Humana (HUM) Downgraded to Equal-Weight at Wells Fargo; PT USD 290
JPMorgan (JPM) Downgraded to Peerperform at Wolfe
Lakeland Financial (LKFN) Downgraded to Market Perform at Hovde Group
M&T Bank (MTB) Downgraded to Peerperform at Wolfe
MidCap Financial (MFIC) Downgraded to Equal-Weight at Wells Fargo; PT USD 11
Morgan Stanley Direct Lending Fund (MSDL) US Downgraded to Equal-Weight at Wells Fargo; PT USD 16
OneStream (OS) Downgraded to Neutral at Rosenblatt Securities Inc; PT USD 24
OneStream (OS) Downgraded to Market Perform at BMO; PT USD 24
OneStream (OS) Downgraded to Hold at Loop Capital; PT USD 24
OneStream (OS) Downgraded to Neutral at Guggenheim
OneStream (OS) Downgraded to Neutral at Mizuho Securities; PT USD 24
OneStream (OS) Downgraded to Equal-Weight at Morgan Stanley; PT USD 24
OneStream (OS) Downgraded to Hold at TD Cowen; PT USD 24
OneStream (OS) Downgraded to Hold at Truist Secs; PT USD 24
OneStream (OS) Downgraded to Neutral at Piper Sandler; PT USD 24
OneStream (OS) Downgraded to Neutral at Baird; PT USD 24
OneStream (OS) Downgraded to Market Perform at William Blair
Portillo's (PTLO) Downgraded to Hold at Stifel; PT USD 6
Prosperity Banc (PB) Downgraded to Market Perform at Raymond James
SoundThinking Inc (SSTI) Downgraded to Neutral at Cantor; PT USD 10
State Street (STT) Downgraded to Hold at Truist Secs
U.S. Bancorp (USB) Downgraded to Peerperform at Wolfe
Union Pacific (UNP) Downgraded to Market Perform at BMO; PT USD 255
Universal Health (UHS) Downgraded to Equal-Weight at Wells Fargo; PT USD 235
W R Berkley Corp (WRB) Downgraded to Underperform at Evercore ISI; PT USD 69
Wolverine World Wide (WWW) Downgraded to Neutral at Piper Sandler; PT USD 16
Yum (YUM) Downgraded to Market Perform at Oppenheimer

INITIATIONS

Applied Digital (APLD) Initiated at New Buy at Arete; PT USD 99
Applied Digital (APLD) Initiated at New Buy at Freedom Capital; PT USD 36
ATRenew (RERE) ADRs Initiated at New Buy at Huatai Research; PT USD 7.64
Badger Meter (BMI) Initiated at New Underweight at Barclays; PT USD 157
Compugen (CGEN) Initiated at New Buy at HC Wainwright; PT USD 4
Design Therapeutics (DSGN) Initiated at New Outperform at Oppenheimer; PT USD 18
Dream Finders (DFH) Initiated at New Market Perform at Citizens
Erasca (ERAS) Initiated at New Overweight at Piper Sandler; PT USD 5
Galecto (GLTO) Initiated at New Outperform at Leerink; PT USD 46
Jade Biosciences Inc (JBIO) Initiated at New Buy at HC Wainwright; PT USD 25
Legend Biotech (LEGN) ADRs Initiated at New Outperform at Oppenheimer; PT USD 75
M/I Homes (MHO) Initiated at New Market Outperform at Citizens; PT USD 165
Meritage Homes (MTH) Initiated at New Market Outperform at Citizens; PT USD 90
Natera (NTRA) Initiated at New Buy at Citi; PT USD 300
Olema Pharma (OLMA) Initiated at New Overweight at Piper Sandler; PT USD 40
ON Semi (ON) Reinstated Buy at William O'Neil
ORIC Pharma (ORIC) Initiated at New Overweight at Piper Sandler; PT USD 22
Palvella Therapeutics (PVLA) Initiated at New Outperform at Mizuho Securities
Protara Therapeutics Inc (TARA) Initiated at New Overweight at Piper Sandler
PulteGroup (PHM) Initiated at New Market Outperform at Citizens; PT USD 145
Taylor Morrison (TMHC) Reinstated Market Outperform at Citizens; PT USD 95
Toll Brothers (TOL) Initiated at New Market Outperform at Citizens; PT USD 175
Tri Pointe Homes (TPH) Reinstated Market Outperform at Citizens
Vertical Aerospace (EVTL) Initiated at New Outperform at William Blair