US BROKER MOVES: AMD upgraded at Citi; ADBE sees multiple downgrades after earnings

UPGRADES

• Advanced Micro Devices (AMD) Upgraded to Buy at Citi; PT USD 575 (prev. USD 460)
• EPR Properties (EPR) Upgraded to Market Outperform at Citizens; PT USD 70
• Kratos Defense & Security Solutions (KTOS) Upgraded to Overweight at JPMorgan; PT USD 82 (prev. USD 99)
• MarketAxess (MKTX) Upgraded to Neutral at BofA Securities; PT USD 170

DOWNGRADES

• Adobe (ADBE) Downgraded to Peerperform at Wolfe Research
• Adobe (ADBE) Downgraded to In Line at Evercore ISI; PT USD 225 (prev. USD 325)
• Adobe (ADBE) Downgraded to Hold at Stifel; PT USD 200 (prev. USD 350)
• Ares Capital (ARCC) Downgraded to Equal Weight at Wells Fargo; PT USD 19 (prev. USD 20)
• Broadstone Net Lease (BNL) Downgraded to Market Perform at Citizens
• Travelers (TRV) Downgraded to Underweight at Barclays

INITIATIONS

• Arrow Financial (AROW) Initiated at New Overweight at Piper Sandler; PT USD 43
• Avtx (AVTX) Initiated at New Buy at BofA Securities; PT USD 35
• Cass Information Systems (CASS) Initiated at New Neutral at Piper Sandler; PT USD 52
• Coca-Cola Europacific Partners (CCEP) Initiated at New Overweight at Wells Fargo; PT USD 110
• Coeur Mining (CDE) Initiated at New Buy at Societe Generale; PT USD 27.50
• Coherent (COHR) Initiated at New Buy at CMB International Securities; PT USD 465
• Core Scientific (CORZ) Initiated at New Buy at Lucid Capital Markets; PT USD 40
• Fulton Financial (FULT) Initiated at New Neutral at Piper Sandler; PT USD 23
• Hancock Whitney (HWC) Initiated at New Market Perform at Hovde Group
• Lumentum Holdings (LITE) Initiated at New Buy at CMB International Securities; PT USD 1,070
• Lantronix (LTRX) Initiated at New Buy at Needham; PT USD 11
• ONE Gas (OGS) Initiated at New Buy at BTIG; PT USD 93
• Williams-Sonoma (WSM) Initiated at New Buy at BofA Securities; PT USD 250
• Full Truck Alliance (YMM) Initiated at New Buy at Nomura/Instinet