US BROKER MOVES: CTSH upgraded at Wedbush; ALL downgraded at KBW

UPGRADES

W. R. Berkley (WRB) Upgraded to Buy at Goldman Sachs
W. P. Carey (WPC) Upgraded to Outperform at Wolfe Research; PT USD 85
Voya Financial (VOYA) Upgraded to Strong Buy at Raymond James; PT USD 117
Teleflex (TFX) Upgraded to Overweight at Piper Sandler; PT USD 160 (prev. USD 140)
MGE Energy (MGEE) Upgraded to Buy at Ladenburg Thalmann; PT USD 81
Kilroy Realty (KRC) Upgraded to Outperform at Evercore ISI
Cognizant Technology Solutions (CTSH) Upgraded to Outperform at Wedbush; PT USD 70 (prev. USD 56)
Cummins (CMI) Upgraded to Buy at UBS; PT USD 850 (prev. USD 565)
Avis Budget Group (CAR) Upgraded to Equalweight at Barclays; PT USD 160 (prev. USD 140)
Biogen (BIIB) Upgraded to Buy at Needham; PT USD 255
Brown-Forman (BF.B) Upgraded to Neutral at BofA Securities; PT USD 28 (prev. USD 26.50)

DOWNGRADES

Ryan Specialty (RYAN) Downgraded to Neutral at Goldman Sachs
Blackstone Secured Lending Fund (BXSL) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 24 (prev. USD 25)
Allstate (ALL) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 242 (prev. USD 266)
ADC Therapeutics (ADCT) Downgraded to Neutral at H.C. Wainwright

INITIATIONS

Rithm Capital (RITM) Initiated at New Buy at Compass Point; PT USD 14
Ormat Technologies (ORA) Initiated at New Peerperform at Wolfe Research
Option Care Health (OPCH) Initiated at New Neutral at Goldman Sachs; PT USD 22
Lantronix (LTRX) Initiated at New Buy at Canaccord; PT USD 10.50
Quaker Chemical (KWR) Initiated at New Buy at Truist Securities; PT USD 172
Kontoor Brands (KTB) Initiated at New Overweight at JPMorgan; PT USD 90
Interactive Brokers (IBKR) Initiated at New Outperform at Wolfe Research; PT USD 101
iBio (IBIO) Initiated at New Outperform at Raymond James; PT USD 5
Devon Energy (DVN) Initiated at New Overweight at JPMorgan; PT USD 62
Climb Bio (CLYM) Initiated at New Buy at Guggenheim; PT USD 35
Cabot Corporation (CBT) Initiated at New Buy at Truist Securities; PT USD 98