US BROKER MOVES: ENPH upgraded at Goldman Sachs; PLD downgraded at Morgan Stanley

UPGRADES

Albemarle (ALB) Upgraded to Buy at HSBC; PT USD 200
Allegiant Travel (ALGT) Upgraded to Outperform at Wolfe; PT USD 108
BioMarin (BMRN) Upgraded to Buy at Canaccord; PT USD 98
Brinker (EAT) Upgraded to Overweight at Morgan Stanley; PT USD 200
Cinemark (CNK) Upgraded to Buy at MoffettNathanson LLC; PT USD 30
Compass (COMP) Upgraded to Buy at Deutsche Bank
Curbline Properties (CURB) Upgraded to Buy at Truist Secs
Doximity (DOCS) Upgraded to Overweight at Wells Fargo; PT USD 55
Enphase Energy (ENPH) Upgraded to Buy at Goldman; PT USD 45
Envista Holdings (NVST) Upgraded to Neutral at Mizuho Securities; PT USD 24
Ichor (ICHR) Upgraded to Buy at Needham; PT USD 36
Intel (INTC) Upgraded to Hold at HSBC; PT USD 50
NNN REIT (NNN) Upgraded to Buy at Deutsche Bank; PT USD 47
Nova (NVMI) Upgraded to Buy at Needham; PT USD 500
On Holding (ONON) Upgraded to Buy at Goldman; PT USD 58.50
Performance Food (PFGC) Upgraded to Overweight at Morgan Stanley; PT USD 123
Postal Realty (PSTL) Upgraded to Buy at Truist Secs
Progyny (PGNY) Upgraded to Market Outperform at Citizens; PT USD 30
PSEG (PEG) Upgraded to Overweight at Wells Fargo; PT USD 92
Ramaco (METC) Upgraded to Buy at Jefferies; PT USD 30
Realty Income (O) Upgraded to Buy at Deutsche Bank; PT USD 69
Regency Centers (REG) Upgraded to Buy at Deutsche Bank; PT USD 83
ServiceTitan (TTAN) Upgraded to Overweight at Morgan Stanley; PT USD 131
Shake Shack (SHAK) Upgraded to Overweight at Morgan Stanley; PT USD 125
Simon Property (SPG) Upgraded to Buy at Deutsche Bank; PT USD 205
Solstice Advanced Materials (SOLS) Upgraded to Outperform at RBC; PT USD 75
Solventum (SOLV) Upgraded to Outperform at Mizuho Securities; PT USD 100
Spotify (SPOT) Upgraded to Buy at President Capital Management; PT USD 620
Sun Communities (SUI) Upgraded to Buy at Deutsche Bank; PT USD 145
Sutro Biopharma (STRO) Upgraded to Market Outperform at Citizens; PT USD 23
Trane Technologies (TT) Upgraded to Outperform at Oppenheimer; PT USD 460
UDR (UDR) Upgraded to Buy at Truist Secs
Via Transportation (VIA) Upgraded to Overweight at Morgan Stanley
Wingstop (WING) Upgraded to Buy at Melius; PT USD 350

DOWNGRADES

American Assets Trust (AAT) Downgraded to Underweight at Morgan Stanley
AvalonBay (AVB) Downgraded to Hold at Deutsche Bank; PT USD 172
AXT (AXTI) Downgraded to Hold at Needham
Builders FirstSource (BLDR) Downgraded to Equal-Weight at Stephens; PT USD 137
BWX Technologies (BWXT) Downgraded to Neutral at Seaport Global Securities
CDW (CDW) Downgraded to Equal-Weight at Morgan Stanley; PT USD 141
Ciena (CIEN) Downgraded to Neutral at BofA
Commerce.com (CMRC) Downgraded to Underweight at Morgan Stanley; PT USD 4
Conoco (COP) Downgraded to Neutral at JPMorgan; PT USD 98
CubeSmart (CUBE) Downgraded to Hold at Deutsche Bank; PT USD 40
Domino's Pizza (DPZ) Downgraded to Equal-Weight at Morgan Stanley; PT USD 455
Eagle Materials (EXP) Downgraded to Equal-Weight at Stephens; PT USD 245
Edison International (EIX) Downgraded to Underweight at Wells Fargo; PT USD 59
Equity LifeStyle (ELS) Downgraded to Hold at Truist Secs
Equity LifeStyle (ELS) Downgraded to Hold at Deutsche Bank; PT USD 65
Equity Residential (EQR) Downgraded to Hold at Deutsche Bank; PT USD 63
Exact Sciences (EXAS) Downgraded to Neutral at Mizuho Securities; PT USD 105
Hawaiian Electric (HE) Downgraded to Underperform at Jefferies; PT USD 12.50
Idacorp (IDA) Downgraded to Underweight at Wells Fargo; PT USD 118
Incyte (INCY) Downgraded to Equal-Weight at Wells Fargo; PT USD 107
Independence Realty (IRT) Downgraded to Hold at Deutsche Bank; PT USD 18
National Health Investors (NHI) Downgraded to Hold at Deutsche Bank; PT USD 85
NetApp (NTAP) Downgraded to Underweight at Morgan Stanley; PT USD 89
Northwestern (NWE) Downgraded to Underweight at Wells Fargo; PT USD 53
OGE Energy (OGE) Downgraded to Underweight at Wells Fargo; PT USD 39
Penumbra (PEN) Downgraded to Sector Perform at RBC; PT USD 374
Penumbra (PEN) Downgraded to Hold at Canaccord; PT USD 374
Philip Morris (PM) Downgraded to Hold at Jefferies; PT USD 180
Prologis (PLD) Downgraded to Equal-Weight at Morgan Stanley
Public Storage (PSA) Downgraded to Hold at Deutsche Bank; PT USD 285
Regions Financial (RF) Downgraded to Market Perform at KBW; PT USD 31
Rockwell Automation (ROK) Downgraded to Market Perform at Oppenheimer
Southern Co (SO) Downgraded to Underweight at Wells Fargo; PT USD 84
Sun Country Airlines (SNCY) Downgraded to Peerperform at Wolfe
US Foods Holding (USFD) Downgraded to Equal-Weight at Morgan Stanley; PT USD 92
W R Berkley Corp (WRB) Downgraded to Sell at TD Cowen; PT USD 55

INITIATIONS

Agilent (A) Initiated at New Buy at HSBC; PT USD 180
Alliant Energy (LNT) Reinstated Overweight at Wells Fargo; PT USD 71
AtaiBeckley (ATAI) Initiated at New Buy at Guggenheim; PT USD 11
Brinker (EAT) Initiated at New Buy at TD Cowen; PT USD 192
Cardinal Infrastructure Group (CDNL) Initiated at New Buy at DA Davidson
Celanese (CE) Resumed Equal-Weight at Morgan Stanley; PT USD 50
Clearwater Paper (CLW) Initiated at New Hold at Truist Secs; PT USD 21
CytomX (CTMX) Initiated at New Buy at Guggenheim; PT USD 10
GDS Holdings (GDS) ADRs Initiated at New Outperform at CCB Intl; PT USD 51.20
Helios Technologies (HLIO) Initiated at New Overweight at JPMorgan; PT USD 80
Off The Hook YS (OTH) Initiated at New Buy at ThinkEquity; PT USD 10
Opus Genetics Inc (IRD) Initiated at New Buy at BTIG; PT USD 7
Service Corp (SCI) Initiated at New Overweight at JPMorgan; PT USD 110
Stubhub (STUB) Initiated at New Sell at Citi; PT USD 13
Texas Roadhouse (TXRH) Initiated at New Buy at TD Cowen; PT USD 215
Vnet Group (VNET) ADRs Initiated at New Outperform at CCB Intl; PT USD 15.20
XP Inc. (XP) Initiated at New Buy at Jefferies; PT USD 22