US BROKER MOVES: Deluge of MRVL upgrades after strong earnings; TTD downgraded at Wedbush

• BWA upgraded from Sell to Neutral at UBS; PT USD 55
• CIEN upgraded from Neutral to Buy at BofA Securities; PT USD 355 (prev. USD 260)
• CRWV upgraded from N/A to Perform at Oppenheimer; PT USD 140
• DOW upgraded from Neutral to Overweight at JPMorgan; PT USD 40 (prev. USD 26)
• FA upgraded from Equalweight to Overweight at Barclays; PT USD 15 (prev. USD 14)
• HAYW upgraded from Underperform to Buy at BofA Securities; PT USD 19 (prev. USD 15)
• ICE upgraded from Hold to Buy at Deutsche Bank; PT USD 188 (prev. USD 180)
• INTU upgraded from Neutral to Buy at Northcoast; PT USD 575
• IQV upgraded from Equalweight to Overweight at Barclays; PT USD 210
• KRMN upgraded from Neutral to Overweight at Piper Sandler; PT USD 127 (prev. USD 110)
• MEDP upgraded from Underweight to Equalweight at Barclays; PT USD 500
• MRVL upgraded from Hold to Buy at Benchmark; PT USD 130
• MRVL upgraded from Neutral to Buy at BofA Securities; PT USD 110 (prev. USD 90)
• MRVL upgraded from Neutral to Outperform at KGI Securities; PT USD 110
• OKTA upgraded from Market Perform to Outperform at BMO Capital; PT USD 97
• SYBT upgraded from Market Perform to Outperform at Hovde Group; PT USD 75
• TME upgraded from Hold to Buy at 86Research; PT USD 17.40
• UNF upgraded from Underweight to Equalweight at Barclays; PT USD 250 (prev. USD 145)

• ADT downgraded from Equalweight to Underweight at Barclays; PT USD 7 (prev. USD 9)
• AES downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 15 (prev. USD 23)
• AVTR downgraded from Equalweight to Underweight at Barclays; PT USD 8.50
• BRLT downgraded from Buy to Neutral at B. Riley; PT USD 1.50 (prev. USD 3)
• BRLT downgraded from Overweight to Sector Weight at KeyBanc
• CERT downgraded from Overweight to Equalweight at Barclays; PT USD 8
• DKL downgraded from Buy to Neutral at Citi; PT USD 52 (prev. USD 47)
• EHAB downgraded from Buy to Hold at TD Cowen; PT USD 13.80 (prev. USD 12)
• PACB downgraded from Equalweight to Underweight at Barclays; PT USD 1.50
• SJM downgraded from Buy to Hold at CBRE Equity Research
• SKT downgraded from Buy to Neutral at BofA Securities; PT USD 39
• TTD downgraded from Outperform to Neutral at Wedbush; PT USD 23
• WBD downgraded from Buy to Neutral at MoffettNathanson; PT USD 31

• ALXO initiated at Buy at UBS; PT USD 6
• CUBI initiated at Overweight at JPMorgan; PT USD 90
• ERII initiated at Buy at Northcoast; PT USD 14
• ITRI initiated at Buy at Needham; PT USD 124
• IVT initiated at Overweight at KeyBanc; PT USD 35
• MPAA initiated at Outperform at Oppenheimer; PT USD 18
• NRG initiated at Buy at Goldman Sachs; PT USD 197
• REGN initiated at Overweight at Barclays; PT USD 923
• SBC initiated at Buy at BTIG; PT USD 8
• SRTS initiated at Buy at Alliance Global Partners; PT USD 7.50
• STTK initiated at Buy at Needham; PT USD 25

The significant flow of upgrades for Marvell Technology (MRVL) following strong earnings indicates bullish sentiment among analysts, suggesting confidence in the company's growth trajectory. Conversely, the downgrade of The Trade Desk (TTD) reflects a potential shift in outlook, which could impact investor sentiment and trading strategies for affected securities. Given these dynamics, traders should monitor MRVL's performance for momentum while reassessing TTD's risk profile.