US BROKER MOVES: DLTR upgraded at Raymond James and Goldman Sachs; AA downgraded at Morgan Stanley

UPGRADES

Commercial Metals (CMC) Upgraded to Outperform at BNP Paribas Exane; PT USD 75
Dollar Tree (DLTR) Upgraded to Outperform at Raymond James; PT USD 140
Dollar Tree (DLTR) Upgraded to Neutral at Goldman Sachs; PT USD 125
Old Dominion Freight Line (ODFL) Upgraded to Overweight at Wells Fargo; PT USD 250 (prev USD 235)
Occidental Petroleum (OXY) Upgraded to Outperform at Evercore ISI; PT USD 65
PROG Holdings (PRG) Upgraded to Buy at Jefferies; PT USD 60 (prev USD 33)
RH (RH) Upgraded to Neutral at Goldman Sachs; PT USD 155
Sabra Health Care REIT (SBRA) Upgraded to Buy at Truist Securities
Tvardi Therapeutics (TVRD) Upgraded to Outperform at Raymond James; PT USD 10
Ultrapar Participações (UGP) Upgraded to Buy at BofA Securities; PT USD 7.40

DOWNGRADES

Alcoa (AA) Downgraded to Equalweight at Morgan Stanley; PT USD 53 (prev USD 79)
Bath & Body Works (BBWI) Downgraded to Sell at Goldman Sachs; PT USD 19
Cincinnati Financial (CINF) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 201
Crinetics Pharmaceuticals (CRNX) Downgraded to In Line at Evercore ISI; PT USD 85 (prev USD 88)
Community Health Systems (CYH) Downgraded to Underweight at Barclays; PT USD 3
Globant (GLOB) Downgraded to Market Perform at Itaú BBA; PT USD 39
HCA Healthcare (HCA) Downgraded to Equalweight at Barclays; PT USD 427
Lemonade (LMND) Downgraded to Equalweight at Morgan Stanley; PT USD 75
Northpointe Bancshares (NP) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 34
Ollie's Bargain Outlet (OLLI) Downgraded to Neutral at JPMorgan; PT USD 70
Truist Financial (TFC) Downgraded to Neutral at BofA Securities; PT USD 56
The Hanover Insurance Group (THG) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 220
Travelers (TRV) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 356
UDR (UDR) Downgraded to Hold at Truist Securities
Universal Health Services (UHS) Downgraded to Equalweight at Barclays; PT USD 179
Vale (VALE) Downgraded to Equalweight at Morgan Stanley; PT USD 16.50 (prev USD 19.50)

INITIATIONS

Affirm (AFRM) Initiated Overweight at Barclays; PT USD 97
Allegiant Travel (ALGT) Initiated Overweight at Barclays; PT USD 145
BBOT Initiated Overweight at JPMorgan; PT USD 27
Baker Hughes (BKR) Initiated Outperform at Wolfe Research; PT USD 70
EyePoint Pharmaceuticals (EYPT) Initiated Overweight at Cantor Fitzgerald
Federal Realty Investment Trust (FRT) Initiated Outperform at Wolfe Research; PT USD 143
FTW Initiated Buy at BTIG; PT USD 15
Six Flags Entertainment (FUN) Initiated Neutral at Northcoast
Granite Ridge Resources (GRNT) Initiated Outperform at Northland; PT USD 9
Halliburton (HAL) Initiated Peerperform at Wolfe Research
Honeywell (HONA) Initiated Equalweight at Morgan Stanley; PT USD 255
Immuneering (IMRX) Initiated Overweight at Cantor Fitzgerald
MBGL Initiated Overweight at Wells Fargo; PT USD 27
PMV Pharmaceuticals (PMVP) Initiated Buy at Ladenburg Thalmann; PT USD 3
Six Flags Entertainment (PRKS) Initiated Neutral at Northcoast
PS Initiated Buy at Jones Trading; PT USD 39
Relay Therapeutics (RLAY) Initiated Overweight at JPMorgan; PT USD 28
SailPoint (SAIL) Initiated Neutral at Rosenblatt; PT USD 16
SLB (SLB) Initiated Outperform at Wolfe Research; PT USD 62
Sensient Technologies (SXT) Initiated Neutral at Rothschild Redburn; PT USD 125
AT&T (T) Initiated Underweight at Wells Fargo; PT USD 18
T-Mobile US (TMUS) Initiated Equal Weight at Wells Fargo; PT USD 170
U.S. Bancorp (USB) Initiated Strong Buy at Raymond James; PT USD 72
Verizon (VZ) Initiated Equal Weight at Wells Fargo; PT USD 43
Wells Fargo (WFC) Initiated Market Perform at Raymond James
Wynn Resorts (WYNN) Initiated Buy at Truist Securities; PT USD 125
Zura Bio (ZURA) Initiated Outperform at William Blair