US BROKER MOVES: CGNX upgraded at JPM; CI downgraded at Barclays

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Hungarian Interest Rate Decision 6.25% vs. Exp. 6.25%

Hungarian Deposit Interest Rate (May) 5.25% vs. Exp. 5.25% (Prev. 5.25%)

US BROKER MOVES: CGNX upgraded at JPM; CI downgraded at Barclays

China gaming regulator approves 154 domestic online games in May; approved 4 imported online games

Xiaomi (1810 HK) says smartphone margin outlook remains pressured by memory

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UPGRADES

  • Albemarle (ALB) Upgraded to Buy at Vertical Research Partners; PT USD 224
  • Allient (ALNT) Upgraded to Overweight at JPMorgan; PT USD 80 (prev. USD 65)
  • Booz Allen Hamilton (BAH) Upgraded to Buy at Stifel; PT USD 110 (prev. USD 115)
  • Cognex (CGNX) Upgraded to Overweight at JPMorgan; PT USD 75 (prev. USD 65)
  • Lear (LEA) Upgraded to Buy at TD Cowen; PT USD 165 (prev. USD 138)
  • Okta (OKTA) Upgraded to Buy at Arete; PT USD 127
  • Occidental Petroleum (OXY) Upgraded to Overweight at Barclays; PT USD 72 (prev. USD 59)
  • Pembina Pipeline (PBA) Upgraded to Buy at TD Cowen
  • Timken (TKR) Upgraded to Overweight at JPMorgan; PT USD 150 (prev. USD 130)
  • Travelers (TRV) Upgraded to Neutral at JPMorgan; PT USD 322 (prev. USD 316)
  • Ternium (TX) Upgraded to Outperform at Itau BBA; PT USD 59

DOWNGRADES

  • Astera Labs (ALAB) Downgraded to Market Perform at Northland
  • BridgeBio Pharma (BBIO) Downgraded to Market Perform at Raymond James
  • BayCom (BCML) Downgraded to Neutral at DA Davidson; PT USD 34
  • Cigna (CI) Downgraded to Equalweight at Barclays; PT USD 304 (prev. USD 310)
  • Cosan (CSAN) Downgraded to Reduce at HSBC; PT USD 3.20 (prev. USD 5.00)
  • Intel (INTC) Downgraded to Market Perform at Northland
  • Semtech (SMTC) Downgraded to Market Perform at Northland
  • Vodafone (VOD) Downgraded to Underperform at BofA Securities; PT USD 13.13 (prev. USD 15.55)

INITIATIONS

  • Amentum Holdings (AMTM) Initiated at New Underperform at BNP Paribas Exane; PT USD 22
  • Connect Biopharma (CNTB) Initiated at New Buy at Canaccord; PT USD 6
  • Dave (DAVE) Initiated at New Buy at UBS; PT USD 300
  • Danaher (DHR) Initiated at New Buy at Citi; PT USD 230
  • DT Midstream (DTM) Initiated at New Sector Outperform at Scotiabank; PT USD 176
  • Parsons (PSN) Initiated at New Underperform at BNP Paribas Exane
  • Regis (RGS) Initiated at New Buy at Lake Street; PT USD 42
  • Telos (TLS) Initiated at New Buy at Needham
  • Verrica Pharmaceuticals (VRCA) Initiated at New Buy at H.C. Wainwright; PT USD 12
  • Varonis Systems (VRNS) Initiated at New Sector Weight at KeyBanc
  • Woodward (WWD) Initiated at New Positive at Susquehanna; PT USD 423

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