US BROKER MOVES: FDX upgraded at JPM; DG downgraded at Deutsche Bank

UPGRADES

Digital Turbine (APPS) Upgraded to Buy at BofA Securities; PT USD 7.50
BioNTech (BNTX) Upgraded to Buy at UBS; PT USD 135 (prev. USD 117)
CDW (CDW) Upgraded to Overweight at JPMorgan; PT USD 130
Ecolab (ECL) Upgraded to Buy at UBS; PT USD 325 (prev. USD 293)
Equity Residential (EQR) Upgraded to Buy at BofA Securities; PT USD 76 (prev. USD 75)
FedEx (FDX) Upgraded to Overweight at JPMorgan; PT USD 460 (prev. USD 432)
H.B. Fuller (FUL) Upgraded to Neutral at JPMorgan; PT USD 58
Gulfport Energy (GPOR) Upgraded to Outperform at Mizuho; PT USD 252 (prev. USD 251)
GXO Logistics (GXO) Upgraded to Overweight at Barclays; PT USD 65 (prev. USD 58)
Hershey (HSY) Upgraded to Outperform at Evercore ISI; PT USD 255
ICU Medical (ICUI) Upgraded to Buy at Needham; PT USD 165
Ingram Micro (INGM) Upgraded to Neutral at JPMorgan; PT USD 27 (prev. USD 26)
MGM Resorts (MGM) Upgraded to Buy at Truist Securities; PT USD 55 (prev. USD 42)
MGM Resorts (MGM) Upgraded to Overweight at JPMorgan; PT USD 46 (prev. USD 41)
MSCI (MSCI) Upgraded to Overweight at Wells Fargo; PT USD 700
Insight Enterprises (NSIT) Upgraded to Neutral at JPMorgan; PT USD 105
Par Pacific (PARR) Upgraded to Outperform at Mizuho; PT USD 79 (prev. USD 58)
Pebblebrook Hotel Trust (PEB) Upgraded to Buy at Truist Securities; PT USD 17 (prev. USD 14)
Phillips 66 (PSX) Upgraded to Outperform at Mizuho; PT USD 212 (prev. USD 170)
RPM International (RPM) Upgraded to Buy at UBS; PT USD 130 (prev. USD 118)
TD SYNNEX (SNX) Upgraded to Overweight at JPMorgan; PT USD 298
Advanced Drainage Systems (WMS) Upgraded to Overweight at Stephens; PT USD 175 (prev. USD 190)

DOWNGRADES

ACNB (ACNB) Downgraded to Market Perform at Hovde Group
Endava (DAVA) Downgraded to Neutral at Guggenheim
Dollar General (DG) Downgraded to Hold at Deutsche Bank; PT USD 110 (prev. USD 170)
HF Sinclair (DINO) Downgraded to Neutral at Mizuho; PT USD 79 (prev. USD 67)
First Interstate BancSystem (FIBK) Downgraded to Neutral at DA Davidson
Genesco (GCO) Downgraded to Neutral at Seaport Global Securities
Kennametal (KMT) Downgraded to Underweight at Barclays; PT USD 33 (prev. USD 40)
Kosmos Energy (KOS) Downgraded to Underperform at Mizuho; PT USD 3 (prev. USD 2)
Sportradar (SRAD) Downgraded to Neutral at JPMorgan; PT USD 16 (prev. USD 26)
Winnebago Industries (WGO) Downgraded to Neutral at Citi
Westlake (WLK) Downgraded to Neutral at Citi; PT USD 95 (prev. USD 125)
Zscaler (ZS) Downgraded to In Line at Evercore ISI; PT USD 155 (prev. USD 225)
Zoetis (ZTS) Downgraded to Hold at Argus

INITIATIONS

Asbury Automotive Group (ABG) Initiated at New Neutral at UBS; PT USD 202
AutoNation (AN) Initiated at New Buy at UBS; PT USD 234
Dave (DAVE) Initiated at New In Line at Evercore ISI; PT USD 260
GE Aerospace (GE) Initiated at New Buy at Seaport Global Securities; PT USD 375
Genmab (GMAB) Initiated at New Buy at Truist Securities; PT USD 40
Group 1 Automotive (GPI) Initiated at New Neutral at UBS; PT USD 338
Intuit (INTU) Initiated at New Buy at BofA Securities; PT USD 400
Kodiak Gas Services (KGS) Initiated at New Overweight at Wells Fargo; PT USD 93
CarMax (KMX) Initiated at New Neutral at UBS; PT USD 42
Lithia Motors (LAD) Initiated at New Buy at UBS; PT USD 348
MaxLinear (MXL) Initiated at New Buy at Benchmark; PT USD 125
Penske Automotive Group (PAG) Initiated at New Neutral at UBS; PT USD 167
Sonic Automotive (SAH) Initiated at New Buy at UBS; PT USD 90
Viking Therapeutics (VKTX) Initiated at New Buy at Truist Securities; PT USD 83
Vertex Pharmaceuticals (VRTX) Initiated at New Buy at Truist Securities; PT USD 542
Workday (WDAY) Initiated at New Neutral at BofA Securities; PT USD 140