US BROKER MOVES: CRDO upgraded at Evercore ISI; Roth Capital upgrades group of E&P names

UPGRADES

• TEN Holdings (TENX) Initiated Buy at Chardan; PT USD 27
• Spartan Capital (SPCX) Initiated Sector Weight at KeyBanc
• Linkage Global (NRCG) Initiated Market Outperform at Citizens; PT USD 23
• NRC (NRC) Initiated Market Outperform at Citizens; PT USD 23
• Luckin Coffee (LKNCY) Initiated Buy at Goldman Sachs; PT USD 49
• Hut 8 (HUT) Initiated Buy at Lucid Capital Markets; PT USD 226
• Global Payments (GPN) Initiated Equalweight at Morgan Stanley; PT USD 65
• Estée Lauder (EL) Initiated Buy at Goldman Sachs; PT USD 100
• EDAP TMS (EDAP) Initiated Buy at Lucid Capital Markets; PT USD 10
• Darling Ingredients (DAR) Initiated Equalweight at Barclays; PT USD 58
• Credo Technology (CRDO) Initiated Outperform at Evercore ISI; PT USD 325
• China Natural Resources (CNXU) Initiated Buy at H.C. Wainwright; PT USD 20
• China Telecom (CHA) Initiated Neutral at Goldman Sachs; PT USD 13.60
• Boyd Gaming (BYD) Initiated Buy at Benchmark; PT USD 100
• BILL Holdings (BILL) Initiated Buy at TD Cowen; PT USD 43
• Biote (BBOT) Initiated Outperform at Oppenheimer; PT USD 22
• ANL (ANL) Initiated Overweight at Cantor Fitzgerald
• Altimmune (ALT) Initiated Outperform at Leerink; PT USD 10
• AG Mortgage Investment Trust (AGMB) Initiated Buy at H.C. Wainwright; PT USD 35

DOWNGRADES

• Western Digital (WDC) Downgraded to Equalweight at Fox Advisors
• TE Connectivity (TEL) Downgraded to In Line at Evercore ISI; PT USD 230 (prev USD 260)
• Seagate Technology (STX) Downgraded to Equalweight at Fox Advisors
• Melco Resorts (MLCO) Downgraded to Equalweight at Morgan Stanley; PT USD 6 (prev USD 6.30)
• Cleveland-Cliffs (CLF) Downgraded to Equalweight at Morgan Stanley; PT USD 12.50
• Accenture (ACN) Downgraded to Hold at TD Cowen; PT USD 150 (prev USD 258)
• Apple (AAPL) Downgraded to Neutral at KGI Securities; PT USD 315

INITIATIONS

• Vistra Corp (VC) Initiated Overweight at JPMorgan; PT USD 165 (prev USD 108)
• Vistra Corp (VC) Initiated Overweight at Barclays; PT USD 145 (prev USD 115)
• Super Micro Computer (SMCI) Initiated Buy at GF Securities; PT USD 48
• Smurfit Westrock (SM) Initiated Buy at Roth/MKM; PT USD 32 (prev USD 30)
• uniQure (QURE) Initiated Overweight at Barclays; PT USD 65 (prev USD 25)
• Permian Resources (PR) Initiated Buy at Roth/MKM; PT USD 23 (prev USD 22)
• Ovintiv (OVV) Initiated Overweight at Wells Fargo; PT USD 80 (prev USD 57)
• Matador Resources (MTDR) Initiated Buy at Roth/MKM; PT USD 65
• Magnolia Oil & Gas (MGY) Initiated Buy at Roth/MKM; PT USD 31
• Kimco Realty (KIM) Initiated Outperform at Wolfe Research; PT USD 28
• Incyte (INCY) Initiated Market Perform at BMO Capital; PT USD 94 (prev USD 75)
• Diamondback Energy (FANG) Initiated Buy at Roth/MKM; PT USD 212 (prev USD 202)
• Enphase Energy (ENPH) Initiated Equalweight at Barclays; PT USD 51 (prev USD 30)
• ConocoPhillips (COP) Initiated Buy at Roth/MKM; PT USD 130 (prev USD 124)
• BWX Technologies (BWXT) Initiated Buy at Seaport Global Securities; PT USD 245
• Blackstone Mortgage Trust (BWIN) Initiated Overweight at JPMorgan; PT USD 28 (prev USD 25)
• APA Corp (APA) Initiated Buy at Roth/MKM; PT USD 38 (prev USD 37)