US BROKER MOVES: COIN upgraded at Goldman Sachs; ADBE downgraded at Jefferies

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US PRE-MARKET MOVERS: Mag-7, TSM, QXO, MBLY, HAL/CVX/XOM, DUOL

Incyte (INCY) announces positive topline results from pivotal study of Tafasitamab as a first-line treatment for diffuse large B-cell lymphoma

US BROKER MOVES: COIN upgraded at Goldman Sachs; ADBE downgraded at Jefferies

Mobileye (MBLY) announced it has secured a major US automaker as a customer ​for its next-generation chip, lifting production outlook, with ‌its self-driving technology rolled out as standard equipment in millions of vehicles

European Investment Bank to sell USD-denominated 5-year bonds; guidance seen +35bps to SOFR

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UPGRADES

  • Arista Networks (ANET) Upgraded to Overweight at Piper Sandler; PT USD 159
  • ARM Holdings (ARM) ADRs Upgraded to Outperform at Oddo BHF; PT USD 170
  • Centene (CNC) Upgraded to Overweight at Barclays
  • Church & Dwight (CHD) Upgraded to Outperform at Raymond James; PT USD 100
  • Citizens Financial (CFG) Upgraded to Overweight at Barclays; PT USD 77
  • Coinbase (COIN) Upgraded to Buy at Goldman; PT USD 303
  • CoreWeave (CRWV) Upgraded to Neutral at DA Davidson; PT USD 68
  • Costco (COST) Upgraded to Outperform at Mizuho Securities; PT USD 1,000
  • Cullen/Frost (CFR) Upgraded to Outperform at KBW; PT USD 150
  • Dover (DOV) Upgraded to Buy at UBS; PT USD 256
  • Duolingo (DUOL) Upgraded to Buy at BofA
  • Emerson Electric (EMR) Upgraded to Buy at UBS; PT USD 168
  • Enphase Energy (ENPH) Upgraded to Sector Weight at KeyBanc
  • Equitable Holdings (EQH) Upgraded to Overweight at JPMorgan; PT USD 60
  • F5 Inc. (FFIV) Upgraded to Outperform at RBC; PT USD 325
  • F5 Inc. (FFIV) Upgraded to Overweight at Piper Sandler; PT USD 295
  • First Industrial Realty (FR) Upgraded to Buy at Deutsche Bank; PT USD 67
  • Heartland Express (HTLD) Upgraded to Outperform at Baird; PT USD 12
  • Hershey (HSY) Upgraded to Equal-Weight at Wells Fargo; PT USD 182
  • Huntington Ingalls (HII) Upgraded to Buy at Melius
  • IBM (IBM) Upgraded to Buy at Jefferies; PT USD 360
  • Intel (INTC) Upgraded to Buy at Melius; PT USD 50
  • Ironwood (IRWD) Upgraded to Market Outperform at Citizens; PT USD 8
  • Kinetik (KNTK) Upgraded to Outperform at Raymond James; PT USD 46
  • Marvell Technology (MRVL) Upgraded to Buy at Melius; PT USD 135
  • Mobileye (MBLY) Upgraded to Overweight at Barclays; PT USD 16
  • Moody's (MCO) Upgraded to Buy at Stifel; PT USD 574
  • Motorola Solutions (MSI) Upgraded to Overweight at Piper Sandler
  • Oscar Health (OSCR) Upgraded to Equal-Weight at Barclays
  • Palo Alto Networks (PANW) Upgraded to Neutral at Guggenheim
  • Procore Technologies (PCOR) Upgraded to Overweight at Barclays; PT USD 90
  • Roku (ROKU) Upgraded to Buy at Arete; PT USD 132
  • Sight Sciences (SGHT) Upgraded to Overweight at Piper Sandler; PT USD 9
  • Sunstone Hotel (SHO) Upgraded to Overweight at Wells Fargo; PT USD 11
  • Tactile Systems (TCMD) Upgraded to Overweight at Piper Sandler; PT USD 35
  • United Rentals (URI) Upgraded to Buy at UBS; PT USD 1,025
  • Varonis Systems (VRNS) Upgraded to Overweight at Piper Sandler; PT USD 47
  • Woodward (WWD) Upgraded to Buy at Melius

DOWNGRADES

  • Adobe (ADBE) Downgraded to Hold at Jefferies; PT USD 400
  • AutoZone (AZO) Downgraded to Neutral at Mizuho Securities; PT USD 3,550
  • Crown Castle (CCI) Downgraded to Neutral at New Street Research; PT USD 93
  • Domino's Pizza (DPZ) Downgraded to Hold at TD Cowen; PT USD 460
  • EastGroup (EGP) Downgraded to Hold at Deutsche Bank; PT USD 185
  • Eaton Corp (ETN) Downgraded to Neutral at UBS; PT USD 360
  • EToro Group (ETOR) Downgraded to Neutral at Goldman; PT USD 39
  • EverCommerce (EVCM) Downgraded to Sector Perform at RBC; PT USD 12
  • Five9 (FIVN) Downgraded to Neutral at Piper Sandler; PT USD 21
  • Fortive (FTV) Downgraded to Underperform at Mizuho Securities; PT USD 51
  • Heritage Commerce (HTBK) Downgraded to Equal-Weight at Stephens
  • Hess Midstream (HESM) Downgraded to Market Perform at Raymond James
  • MPLX (MPLX) Downgraded to Market Perform at Raymond James
  • Netflix (NFLX) Downgraded to Hold at CFRA; PT USD 100
  • PagerDuty (PD) Downgraded to Sector Perform at RBC; PT USD 15
  • Pentair (PNR) Downgraded to Sell at TD Cowen; PT USD 90
  • Principal Financial (PFG) Downgraded to Neutral at JPMorgan; PT USD 103
  • Rapid7 (RPD) Downgraded to Underweight at Barclays
  • Roper (ROP) Downgraded to Underperform at Mizuho Securities; PT USD 419
  • RTX Corp (RTX) Downgraded to Neutral at UBS; PT USD 199
  • SentinelOne (S) Downgraded to Neutral at Piper Sandler; PT USD 17
  • State Street (STT) Downgraded to Equal-Weight at Barclays; PT USD 152
  • Truist Financial (TFC) Downgraded to Underweight at Barclays; PT USD 56
  • Twilio (TWLO) Downgraded to Neutral at Piper Sandler; PT USD 148
  • Uber (UBER) Downgraded to Sell at Melius; PT USD 73

INITIATIONS

  • Akari Therapeutics (AKTX) ADRs Initiated at New Buy at Ladenburg Thalmann
  • BitMine Immersion Technologies (BMNR) Initiated at New Overweight at Cantor
  • Cardinal Infrastructure Group (CDNL) US Initiated at New Outperform at William Blair
  • Cardinal Infrastructure Group (CDNL) Initiated at New Buy at Stifel; PT USD 28
  • Compass Therapeutics (CMPX) Initiated at New Outperform at William Blair
  • Eastern Bankshares (EBC) Initiated at New Outperform at Hovde Group
  • Lumexa Imaging (LMRI) Initiated at New Outperform at Raymond James; PT USD 23
  • Lumexa Imaging (LMRI) Initiated at New Outperform at Leerink; PT USD 23
  • Lumexa Imaging (LMRI) Initiated at New Outperform at William Blair
  • Lumexa Imaging (LMRI) Initiated at New Overweight at Wells Fargo; PT USD 22
  • Lumexa Imaging (LMRI) Initiated at New Overweight at Barclays; PT USD 23
  • Lumexa Imaging (LMRI) Initiated at New Buy at Jefferies; PT USD 23
  • Lumexa Imaging (LMRI) Initiated at New Overweight at JPMorgan; PT USD 23
  • MediciNova (MNOV) Initiated at New Buy at Lucid Capital Markets; PT USD 11
  • Pinnacle Financial Partners (PNFP) Initiated at New Buy at DA Davidson
  • Sharplink Gaming (SBET) Initiated at New Overweight at Cantor; PT USD 15
  • SuRo Capital Corp (SSSS) Initiated at New Buy at Lucid Capital Markets; PT USD 12
  • VTV Therapeutics (VTVT) Initiated at New Buy at TD Cowen; PT USD 67
  • Waters (WAT) Initiated at New Outperform at William Blair
  • Watts Water (WTS) Reinstated Sector Perform at RBC; PT USD 288
  • Zurn Elkay Water (ZWS) Initiated at New Sector Perform at RBC; PT USD 49

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