Published 16 Jul 2026, 12:35Subscribers had it 20 minutes earlier, at 12:15

US BROKER MOVES: AVAV upgraded at Raymond James; LULU downgraded at Truist

ByNewsquawk Staff

UPGRADES

AeroVironment (AVAV) Upgraded to Outperform at Raymond James; PT USD 210
BlackRock (BLK) Upgraded to Overweight at JPMorgan; PT USD 1,364 (prev USD 1,165)
Cintas (CTAS) Upgraded to Buy at BofA Securities; PT USD 230 (prev USD 200)
Ero Copper (ERO) Upgraded to Buy at BofA Securities; PT USD 34 (prev USD 30)
Flex (FLEX) Upgraded to Buy at Freedom Capital; PT USD 150 (prev USD 144)
Mueller Industries (MLI) Upgraded to Buy at Northcoast
Okta (OKTA) Upgraded to Overweight at Capital One
Palo Alto Networks (PANW) Upgraded to Overweight at Capital One
Rocket Companies (RKT) Upgraded to Overweight at Morgan Stanley; PT USD 19 (prev USD 18)

DOWNGRADES

American Electric Power (AEP) Downgraded to Neutral at Goldman Sachs; PT USD 147
Claros Mortgage Trust (CMTG) Downgraded to Neutral at UBS; PT USD 2.75
Etsy (ETSY) Downgraded to Neutral at BTIG
Granite Point Mortgage Trust (GPMT) Downgraded to Neutral at UBS; PT USD 1.50
Ionis Pharmaceuticals (IONS) Downgraded to Peerperform at Wolfe Research
Lululemon Athletica (LULU) Downgraded to Sell at Truist Securities; PT USD 94
Intellia Therapeutics (NTLA) Downgraded to Underperform at Wolfe Research; PT USD 9
Nutrien (NTR) Downgraded to Hold at Jefferies
Pentair (PNR) Downgraded to Hold at Stifel; PT USD 65 (prev USD 103)
ResMed (RMD) Downgraded to Sector Perform at RBC Capital; PT USD 234
W. R. Berkley (WRB) Downgraded to Underperform at BofA Securities; PT USD 68

INITIATIONS

Arteris (AIP) Initiated Outperform at Oppenheimer; PT USD 40
Cinemark Holdings (CNK) Initiated Equal Weight at Wells Fargo; PT USD 31
Compass Diversified (CODI) Initiated Buy at TD Cowen; PT USD 12.50
IMAX (IMAX) Initiated Equal Weight at Wells Fargo; PT USD 41
Mastercard (MA) Initiated Buy at Clear Street; PT USD 617
Mid-America Apartment Communities (MAA) Initiated Neutral at JPMorgan; PT USD 147
PayPal (PYPL) Initiated Hold at Clear Street; PT USD 61
Relay Therapeutics (RLAY) Initiated Buy at Canaccord; PT USD 29
Tenaris (TMS) Initiated Outperform at Northland; PT USD 14
Visa (V) Initiated Buy at Clear Street; PT USD 403
Block (XYZ) Initiated Hold at Clear Street; PT USD 82

Subscribers had this at 12:15. Published here 12:35.

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#AMERICAN ELECTRIC POWER CO INC#AEP.US#BLACKROCK INC#BLK.US#CINTAS CORP#CTAS.US#GOLDMAN SACHS GROUP INC/THE#MA.US#MORGAN STANLEY#PENTAIR PLC#PNR.US#VISA INC#V.US#WELLS FARGO & CO#AVAV.US#COWEN GROUP INC#FLEX.US#LULULEMON ATHLETICA INC#LULU.US#TENARIS SA#UBS AG#MUELLER INDUSTRIES INC#MLI.US#PERFORM GROUP PLC#RESMED INC#CINEMARK HOLDINGS INC#CNK.US#MAA.US#PALO ALTO NETWORKS INC#PANW.US#RKT.US#RMD.US#WRB.US#CODI.US#IMAX.US#ARTERIS SA#EQUITIES#EU SESSION#US SESSION#PYPL.US#COPPER#APPAREL, ACCESSORIES & LUXURY GOODS#PHARMACEUTICALS#TEXTILES, APPAREL & LUXURY GOODS#CONSUMER DURABLES & APPAREL#S&P 500 INDEX#NASDAQ 100 INDEX#AEP#BLK#CTAS#ETSY#LULULEMON ATHLETICA INC#LULU#MA#MAA#PANW#PNR#PYPL#RMD#WRB#RKT#DXY#US EQUITIES

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