US BROKER MOVES: AMT upgraded at RBC; NKE downgraded at KeyBanc

UPGRADES

• Allegiant Travel (ALGT) Upgraded from Neutral to Buy at Citi; PT USD 156.00 (prev. USD 98.00)
• American Homes 4 Rent (AMH) Upgraded from Market Perform to Outperform at BMO Capital; PT USD 39.00
• American Tower (AMT) Upgraded from Sector Perform to Outperform at RBC Capital; PT USD 205.00 (prev. USD 195.00)
• Barnes & Noble Education (BNED) Upgraded from Hold to Buy at Needham; PT USD 16.00
• Americold Realty Trust (COLD) Upgraded from In Line to Outperform at Evercore ISI; PT USD 18.00
• Crocs (CROX) Upgraded from Neutral to Overweight at Piper Sandler; PT USD 150.00
• Essex Property Trust (ESS) Upgraded from Market Perform to Outperform at Raymond James; PT USD 320.00
• FuelCell Energy (FCEL) Upgraded from Hold to Buy at Jefferies; PT USD 24.00 (prev. USD 16.00)
• H.B. Fuller (FUL) Upgraded from Neutral to Overweight at JPMorgan; PT USD 67.00 (prev. USD 58.00)
• Qualcomm (QCOM) Upgraded from Hold to Buy at DZ Bank; PT USD 265.00

DOWNGRADES

• Arcosa (ACA) Downgraded from Outperform to Perform at Oppenheimer
• Open Lending (LPRO) Downgraded from Buy to Neutral at DA Davidson; PT USD 3.15 (prev. USD 3.00)
• Macerich (MAC) Downgraded from Buy to Neutral at Compass Point; PT USD 26.00
• Methode Electronics (MEI) Downgraded from Buy to Neutral at Sidoti; PT USD 17.00
• Nike (NKE) Downgraded from Overweight to Sector Weight at KeyBanc
• ON Semiconductor (ON) Downgraded from Buy to Hold at TD Cowen; PT USD 110.00 (prev. USD 115.00)
• Quantum (QMCO) Downgraded from Outperform to Market Perform at Northland; PT USD 13.00
• Spire (SR) Downgraded from Overweight to Neutral at JPMorgan; PT USD 85.00 (prev. USD 84.00)
• Synaptics (SYNA) Downgraded from Buy to Hold at TD Cowen; PT USD 150.00
• Synaptics (SYNA) Downgraded from Buy to Neutral at Rosenblatt; PT USD 160.00
• Synaptics (SYNA) Downgraded from Outperform to Market Perform at Northland
• Synaptics (SYNA) Downgraded from Positive to Neutral at Susquehanna; PT USD 140.00 (prev. USD 125.00)
• Trip.com (TCOM) Downgraded from Outperform to Neutral at Macquarie; PT USD 44.30 (prev. USD 70.90)
• Bio-Techne (TECH) Downgraded from Buy to Hold at Deutsche Bank; PT USD 73.00
• Bio-Techne (TECH) Downgraded from Outperform to Market Perform at William Blair
• Taylor Morrison Home (TMHC) Downgraded from Outperform to Market Perform at Raymond James

INITIATIONS

• Achieve Life Sciences (ACHV) Initiated with Strong Buy at Raymond James, PT USD 20/shr
• American Tower (AMT) Initiated with Buy at Goldman Sachs, PT USD 215/shr
• Belden (BDC) Initiated with Buy at Citi, PT USD 150/shr
• Boyd Gaming (BYD) Initiated with Neutral at Goldman Sachs, PT USD 91/shr
• Crown Castle (CCI) Initiated with Neutral at Goldman Sachs, PT USD 95/shr
• Connect Biopharma (CNTB) Initiated with Overweight at Piper Sandler, PT USD 7/shr
• Dyne Therapeutics (DYN) Initiated with Buy at TD Cowen
• HONAV (HONAV) Initiated with Outperform at RBC Capital, PT USD 300/shr
• Robinhood Markets (HOOD) Initiated with Buy at BTIG, PT USD 125/shr
• INFQ (INFQ) Initiated with Outperform at Wedbush, PT USD 20/shr
• Infosys (INFY) Initiated with Equal Weight at Wells Fargo, PT USD 11/shr
• Mosaic (MOS) Initiated with Buy at Rothschild Redburn, PT USD 30/shr
• Nu Holdings (NU) Initiated with Buy at Needham, PT USD 17/shr
• PENN Entertainment (PENN) Initiated with Buy at Goldman Sachs, PT USD 26/shr
• Provident Financial (PROV) Initiated with Neutral at Piper Sandler, PT USD 17/shr
• Red Rock Resorts (RRR) Initiated with Buy at Goldman Sachs, PT USD 72/shr
• SBA Communications (SBAC) Initiated with Neutral at Goldman Sachs, PT USD 205/shr
• VSE (VSEC) Initiated with Equalweight at Morgan Stanley, PT USD 245/shr