US BROKER MOVES: GOOGL upgraded at Cantor; AA downgraded at JPMorgan

UPGRADES

• Air Products (APD) Upgraded to Neutral at BofA
• Airbnb (ABNB) Upgraded to Neutral at Cantor; PT USD 141
• Alphabet (GOOGL) Upgraded to Overweight at Cantor; PT USD 370
• Aptiv (APTV) Upgraded to Overweight at Piper Sandler; PT USD 103
• Chubb (CB) Upgraded to Buy at Goldman; PT USD 351
• Coinbase (COIN) Upgraded to Buy at BofA
• Credit Acceptance (CACC) Upgraded to Hold at TD Cowen; PT USD 460
• Dollar General (DG) Upgraded to Buy at Deutsche Bank; PT USD 170
• Elevance (ELV) Upgraded to Outperform at Wolfe
• Enhabit (EHAB) Upgraded to Buy at UBS; PT USD 12
• Figma (FIG) Upgraded to Overweight at Wells Fargo; PT USD 52
• Five Below (FIVE) Upgraded to Buy at Deutsche Bank; PT USD 242
• Ford (F) Upgraded to Overweight at Piper Sandler; PT USD 16
• Fortrea Holdings (FTRE) Upgraded to Buy at Truist Secs; PT USD 22
• Gap (GAP) Upgraded to Buy at UBS; PT USD 41
• Generac (GNRC) Upgraded to Buy at Citi; PT USD 207
• General Motors (GM) Upgraded to Overweight at Piper Sandler; PT USD 98
• HF Sinclair (DINO) Upgraded to Overweight at Piper Sandler; PT USD 68
• Jack Henry (JKHY) Upgraded to Outperform at Wolfe
• JB Hunt (JBHT) Upgraded to Positive at Susquehanna; PT USD 240
• Kroger (KR) Upgraded to Buy at Deutsche Bank; PT USD 75
• Merck & Co (MRK) Upgraded to Outperform at Wolfe; PT USD 135
• Nurix (NRIX) Upgraded to Overweight at Morgan Stanley; PT USD 36
• Omnicell (OMCL) Upgraded to Overweight at KeyBanc; PT USD 60
• PBF Energy (PBF) Upgraded to Overweight at Piper Sandler; PT USD 40
• Progressive (PGR) Upgraded to Overweight at Barclays; PT USD 265
• Roku (ROKU) Upgraded to Outperform at Evercore ISI; PT USD 145
• Stellantis (STLA) Upgraded to Overweight at Piper Sandler; PT USD 15
• Steven Madden (SHOO) Upgraded to Buy at Needham
• Terreno Realty (TRNO) Upgraded to Outperform at Baird; PT USD 64
• Tyson (TSN) Upgraded to Outperform at BMO; PT USD 67
• Westinghouse Air Brake (WAB) Upgraded to Outperform at Wolfe
• Yum (YUM) Upgraded to Buy at Gordon Haskett

DOWNGRADES

• AbbVie (ABBV) Downgraded to Peerperform at Wolfe
• Absci (ABSI) Downgraded to Equal-Weight at Morgan Stanley; PT USD 4.32
• Alcoa (AA) Downgraded to Underweight at JPMorgan; PT USD 50
• American Homes (AMH) Downgraded to Neutral at Mizuho Securities; PT USD 32
• Arcus Biosciences (RCUS) Downgraded to Equal-Weight at Morgan Stanley; PT USD 20
• Axsome Therapeutics (AXSM) Downgraded to Equal-Weight at Morgan Stanley
• Ball (BALL) Downgraded to Equal-Weight at Morgan Stanley; PT USD 63
• Bath & Body Works (BBWI) Downgraded to Hold at Deutsche Bank; PT USD 21
• BorgWarner (BWA) Downgraded to Neutral at Piper Sandler
• Burlington Stores (BURL) Downgraded to Hold at Deutsche Bank; PT USD 318
• Capri Holdings (CPRI) Downgraded to Neutral at Goldman; PT USD 27
• Chipotle (CMG) Downgraded to Hold at Gordon Haskett
• Clarivate (CLVT) Downgraded to Neutral at Goldman; PT USD 3.60
• Clearwater Analytics (CWAN) Downgraded to Equal-Weight at Wells Fargo
• Contineum Therapeutics (CTNM) Downgraded to Equal-Weight at Morgan Stanley
• Darden (DRI) Downgraded to Hold at Truist Secs
• Dollar Tree (DLTR) Downgraded to Hold at Deutsche Bank; PT USD 126
• Exelixis (EXEL) Downgraded to Equal-Weight at Morgan Stanley; PT USD 48
• Extra Space (EXR) Downgraded to Sector Perform at Scotiabank; PT USD 145
• Icon (ICLR) Downgraded to Hold at Truist Secs; PT USD 222
• Intuit (INTU) Downgraded to Equal-Weight at Wells Fargo; PT USD 700
• Invitation Homes (INVH) Downgraded to Neutral at Mizuho Securities; PT USD 27
• IO Biotech (IOBT) Downgraded to Underweight at Morgan Stanley; PT 36 cents
• JB Hunt (JBHT) Downgraded to Neutral at Citi; PT USD 221
• Leidos (LDOS) Downgraded to Hold at Stifel; PT USD 220
• Marqeta (MQ) Downgraded to Neutral at Mizuho Securities; PT USD 4.50
• Marqeta (MQ) Downgraded to Peerperform at Wolfe
• Neurocrine Bio (NBIX) Downgraded to Equal-Weight at Morgan Stanley; PT USD 175
• Nike (NKE) Downgraded to Hold at Needham
• OneStream (OS) Downgraded to Market Perform at Raymond James
• Potlatch (PCH) Downgraded to Market Perform at BMO; PT USD 45
• Prologis (PLD) Downgraded to Neutral at Baird; PT USD 130
• Ryder (R) Downgraded to Peerperform at Wolfe
• Saia (SAIA) Downgraded to Peerperform at Wolfe
• Sigma Lithium Corp (SGML CN) Downgraded to Underperform at BofA
• Sprouts Farmers (SFM) Downgraded to Hold at Deutsche Bank; PT USD 88
• Sunrise Realty Trust (SUNS) Downgraded to Market Perform at KBW; PT USD 9.50
• Toast (TOST) Downgraded to Peerperform at Wolfe
• Travelers (TRV) Downgraded to Neutral at Goldman; PT USD 304
• UPS (UPS) Downgraded to Peerperform at Wolfe
• Ventyx Bio (VTYX) Downgraded to Neutral at HC Wainwright; PT USD 14
• Ventyx Bio (VTYX) Downgraded to Hold at Canaccord; PT USD 14
• Ventyx Bio (VTYX) Downgraded to Market Perform at LifeSci Capital; PT USD 14
• Ventyx Bio (VTYX) Downgraded to Equal-Weight at Wells Fargo; PT USD 14
• Vestis (VSTS) Downgraded to Sell at Goldman; PT USD 5.30
• Walmart (WMT) Downgraded to Hold at Deutsche Bank; PT USD 119
• XPO Inc. (XPO) Downgraded to Peerperform at Wolfe
• XPO Inc. (XPO) Downgraded to Neutral at Citi; PT USD 171

INITIATIONS

• Ally Financial (ALLY) Reinstated Buy at UBS; PT USD 56
• Bicara Therapeutics (BCAX) Initiated at New Buy at BTIG; PT USD 28
• Bread Financial Holdings (BFH) Initiated at New Buy at UBS; PT USD 92
• Bunker Hill Mining (BHLL) Initiated at New Buy at Roth Capital Partners
• Evommune (EVMN) Initiated at New Strong Buy at Raymond James; PT USD 40
• Figma (FIG) Reinstated Hold at Stifel; PT USD 40
• Intuit (INTU) Initiated at New Buy at TD Cowen; PT USD 802
• Polaris (PII) Initiated at New Buy at Seaport Global Securities; PT USD 83
• Tyler Tech (TYL) Initiated at New Buy at Stifel; PT USD 550