US BROKER MOVES: GFS upgraded at Susquehanna; MNST upgraded at Rothschild & Redburn

UPGRADES

• AMC Entertainment (AMC) Upgraded to Buy at Benchmark; PT USD 2.50
• AMD (AMD) Upgraded to Outperform at Bernstein; PT USD 525
• AMD (AMD) Upgraded to Buy at Goldman; PT USD 450
• American Eagle (AEO) Upgraded to Equal-Weight at Barclays; PT USD 19
• Arthur J Gallagher (AJG) Upgraded to Buy at Citi; PT USD 250
• Ashland (ASH) Upgraded to Buy at Seaport Global Securities; PT USD 75
• Brown & Brown (BRO) Upgraded to Buy at Citi; PT USD 70
• DaVita (DVA) Upgraded to Buy at Deutsche Bank; PT USD 220
• Deckers Outdoor (DECK) Upgraded to Market Perform at Bernstein; PT USD 100
• Franklin Resources (BEN) Upgraded to Equal-Weight at Morgan Stanley
• GlobalFoundries (GFS) Upgraded to Positive at Susquehanna; PT USD 100
• Grab Holdings (GRAB) Upgraded to Buy at China Renaissance; PT USD 5
• LCI Industries (LCII) Upgraded to Buy at Roth Capital Partners; PT USD 164
• Marsh McLennan (MRSH) Upgraded to Buy at Citi; PT USD 200
• Monster Beverage (MNST) Upgraded to Buy at Rothschild & Co Redburn
• PayPal (PYPL) Upgraded to Outperform at Daiwa
• Sphere Entertainment (SPHR) Upgraded to Buy at Benchmark; PT USD 155
• United Fire (UFCS) Upgraded to Overweight at Piper Sandler; PT USD 45
• VF Corp (VFC) Upgraded to Buy at BTIG; PT USD 23
• Vivid Seats (SEAT) Upgraded to Neutral at BofA; PT USD 7.25
• Wells Fargo (WFC) Upgraded to Buy at Phillip Secs; PT USD 98
• Willis Towers (WTW) Upgraded to Buy at Citi; PT USD 300

DOWNGRADES

• Abercrombie & Fitch (ANF) Downgraded to Underweight at Barclays; PT USD 76
• AGI (AGBK) Downgraded to Market Perform at Itau BBA; PT USD 9
• BellRing Brands (BRBR) Downgraded to Market Perform at Bernstein; PT USD 11
• BellRing Brands (BRBR) Downgraded to Equal-Weight at Morgan Stanley; PT USD 13
• Coupang (CPNG) Downgraded to Neutral at Citi; PT USD 22.20
• Embecta (EMBC) Downgraded to Neutral at BTIG
• Enovix (ENVX) Downgraded to Underweight at JPMorgan
• IAC Inc. (IAC) Downgraded to Hold at Jefferies; PT USD 44
• Lucid (LCID) Downgraded to Hold at Benchmark
• Norwegian Cruise (NCLH) Downgraded to Neutral at Northcoast
• Reddit (RDDT) Downgraded to Accumulate at Phillip Secs; PT USD 200
• TopBuild (BLD) Downgraded to Hold at Loop Capital; PT USD 485
• TopBuild (BLD) Downgraded to Neutral at DA Davidson; PT USD 437
• Towne Bank (TOWN) Downgraded to Market Perform at KBW; PT USD 38
• TransMedics (TMDX) Downgraded to Market Perform at Oppenheimer
• Valley National (VLY) Downgraded to Equal-Weight at Morgan Stanley; PT USD 15
• Westlake Corp (WLK) Downgraded to Underweight at JPMorgan; PT USD 90

INITIATIONS

• Celsius Holdings (CELH) Initiated at New Neutral at Rothschild & Co Redburn
• Dakota Gold (DC) Initiated at New Outperform at CIBC; PT USD 11
• Eton Pharmaceuticals (ETON) Initiated at New Buy at Singular Research
• F&G Annuities & Life (FG) Initiated at New Market Perform at Raymond James
• Kymera (KYMR) Initiated at New Buy at Canaccord; PT USD 106