US BROKER MOVES: CSX upgraded at Susquehanna; AAPL downgraded at KeyBanc

UPGRADES

• AutoNation (AN) Upgraded to Buy at Northcoast; PT USD 240
• AptarGroup (ATR) Upgraded to Buy at BofA Securities; PT USD 173
• Cable One (CABO) Upgraded to Neutral at BNP Paribas Exane; PT USD 40
• CSX (CSX) Upgraded to Positive at Susquehanna; PT USD 58
• FuelCell Energy (FCEL) Upgraded to Buy at UBS; PT USD 27
• Halliburton (HAL) Upgraded to Overweight at Piper Sandler; PT USD 43
• Independence Realty Trust (IRT) Upgraded to Overweight at Barclays; PT USD 20
• Newmont (NEM) Upgraded to Buy at TD Cowen
• Patterson-UTI Energy (PTEN) Upgraded to Overweight at Piper Sandler; PT USD 13
• Red Rock Resorts (RRR) Upgraded to Overweight at Wells Fargo; PT USD 75
• TKO Group (TKO) Upgraded to Buy at Seaport Global Securities; PT USD 210
• UL Solutions (ULS) Upgraded to Buy at UBS; PT USD 110
• WESCO (WCC) Upgraded to Overweight at Stephens

DOWNGRADES

• Apple (AAPL) Downgraded to Underweight at KeyBanc; PT USD 250
• Arm (ARM) Downgraded to Hold at HSBC; PT USD 315
• AvalonBay Communities (AVB) Downgraded to Equalweight at Barclays; PT USD 205
• Canadian National Railway (CNI) Downgraded to Neutral at Susquehanna; PT USD 14
• Circle Internet (CRCL) Downgraded to Underperform at Mizuho; PT USD 50
• EHang (EH) Downgraded to Neutral at Goldman Sachs; PT USD 7.30
• Equity LifeStyle Properties (ELS) Downgraded to Equalweight at Barclays; PT USD 68
• Equity Residential (EQR) Downgraded to Equalweight at Barclays; PT USD 76
• Greif (GEF) Downgraded to Underperform at BofA Securities; PT USD 70
• W.W. Grainger (GWW) Downgraded to Equal Weight at Stephens
• IBM (IBM) Downgraded to Reduce at HSBC; PT USD 191
• International Paper (IP) Downgraded to Neutral at BofA Securities; PT USD 41
• O-I Glass (OI) Downgraded to Underperform at BofA Securities; PT USD 11
• Progressive (PGR) Downgraded to Neutral at JPMorgan; PT USD 250
• Pattern Group (PTRN) Downgraded to Hold at Jefferies; PT USD 30
• QIAGEN (QGEN) Downgraded to Hold at Berenberg; PT USD 45.50
• Sylvamo (SLVM) Downgraded to Neutral at BofA Securities; PT USD 45
• Skyworks Solutions (SWKS) Downgraded to Sector Weight at KeyBanc
• TriCo Bancshares (TCBK) Downgraded to Market Perform at Raymond James
• TriCo Bancshares (TCBK) Downgraded to Neutral at Piper Sandler; PT USD 61
• Taylor Morrison Home (TMHC) Downgraded to Equalweight at Barclays; PT USD 73

INITIATIONS

• HeartBeam (BEAT) Initiated at Buy at Maxim Group; PT USD 2
• Bel Fuse (BELFB) Initiated at Buy at BofA Securities; PT USD 330
• Critical Metals (CRML) Initiated at Spec. Buy at Cantor Fitzgerald; PT USD 18
• Graphic Packaging (GPK) Initiated at Buy at BofA Securities; PT USD 12
• Intuit (INTU) Initiated at Underweight at Piper Sandler; PT USD 250
• One Stop Systems (OSS) Initiated at Buy at Clear Street; PT USD 20
• Sky Harbour (SKHY) Initiated at Overweight at Barclays; PT USD 330
• SpaceX (SPCX) Initiated at Outperform at Evercore ISI; PT USD 230