US BROKER MOVES: CIEN upgraded at Evercore; INVH & AMH upgraded at Mizuho

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Russian Foreign Ministry says Russia is maintaining close contact with Ankara over Turkey’s proposal to end the Black Sea conflict

Novo Nordisk (NOVOB DC) US head says it has gained roughly 8 share point in obesity since January

US BROKER MOVES: CIEN upgraded at Evercore; INVH & AMH upgraded at Mizuho

Turkey reportedly considers pooling fund assets to repay investors, reports Bloomberg News

US PREMARKET MOVERS: ACN, WBD, PSKY, NVO, CRML, MP, CIEN, TLX, ALKS

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UPGRADES

  • Veeco Instruments (VECO) upgraded from Market Perform to Outperform at Northland; PT USD 66.00
  • AT&T (T) upgraded from Neutral to Outperform at BNP Paribas Exane
  • Macerich (MAC) upgraded from In Line to Outperform at Evercore ISI; PT USD 26.00
  • Invitation Homes (INVH) upgraded from Neutral to Outperform at Mizuho; PT USD 32.00 (prev. USD 31.00)
  • Ciena (CIEN) upgraded from In Line to Outperform at Evercore ISI; PT USD 550.00
  • Candel Therapeutics (CADL) upgraded from Neutral to Buy at BofA Securities; PT USD 18.00 (prev. USD 12.00)
  • Arhaus (ARHS) upgraded from Hold to Buy at Jefferies; PT USD 10.00 (prev. USD 9.50)
  • American Homes 4 Rent (AMH) upgraded from Neutral to Outperform at Mizuho; PT USD 36.00 (prev. USD 35.00)

DOWNGRADES

  • Universal Technical Institute (UTI) downgraded from Buy to Hold at Texas Capital Securities; PT USD 25.00 (prev. USD 48.00)
  • Vail Resorts (MTN) downgraded from Outperform to Neutral at BNP Paribas Exane
  • Flutter Entertainment (FLUT) downgraded from Buy to Neutral at Rothschild Redburn; PT USD 119.00 (prev. USD 169.00)
  • Equity LifeStyle Properties (ELS) downgraded from Outperform to Neutral at Mizuho; PT USD 65.00 (prev. USD 72.00)
  • Compañía Cervecerías Unidas (CCU) downgraded from Buy to Reduce at HSBC; PT USD 10.00 (prev. USD 15.00)

INITIATIONS

  • Chiron Real Estate (XRN) initiated Overweight at Cantor Fitzgerald
  • TeraWulf (WULF) initiated Neutral at Rothschild Redburn; PT USD 15.00
  • Vertex Pharmaceuticals (VRTX) initiated Outperform at Leerink; PT USD 594.00
  • Tempus AI (TEM) initiated Neutral at Goldman Sachs; PT USD 75.00
  • Securitize (SECZ) initiated Overweight at Cantor Fitzgerald
  • Palvella Therapeutics (PVLA) initiated Buy at Chardan; PT USD 240.00
  • Oddity Tech (ODD) initiated Neutral at JPMorgan; PT USD 18.00
  • NexGen Energy (NXE) initiated Overweight at JPMorgan; PT USD 14.00
  • NANO Nuclear Energy (NNE) initiated Buy at Needham; PT USD 33.00
  • Nebius Group (NBIS) initiated Sell at Rothschild Redburn; PT USD 84.00
  • Iron Mountain (IRM) initiated Buy at Rothschild Redburn; PT USD 132.00
  • IREN (IREN) initiated Neutral at Rothschild Redburn; PT USD 40.00
  • IQM Quantum Computers (IQMX) initiated Buy at BTIG; PT USD 20.00
  • Immunome (IMNM) initiated Buy at Alliance Global Partners; PT USD 32.00
  • Hut 8 (HUT) initiated Neutral at Rothschild Redburn; PT USD 96.00
  • Equinix (EQIX) initiated Buy at Rothschild Redburn; PT USD 1,261.00
  • Digital Realty Trust (DLR) initiated Buy at Rothschild Redburn; PT USD 227.00
  • Cyabra (CYAB) initiated Buy at ThinkEquity; PT USD 1.00
  • CoreWeave (CRWV) initiated Sell at Rothschild Redburn; PT USD 54.00
  • Core Scientific (CORZ) initiated Neutral at Rothschild Redburn; PT USD 16.00
  • Cipher Mining (CIFR) initiated Neutral at Rothschild Redburn; PT USD 18.00
  • Applied Digital (APLD) initiated Neutral at Rothschild Redburn; PT USD 22.00
  • Arteris (AIP) initiated Buy at Craig-Hallum; PT USD 30.00

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