US BROKER MOVES: INVH upgraded at Wells Fargo; PFG downgraded at BofA

UPGRADES

• Invitation Homes (INVH) Upgraded from Equal Weight to Overweight at Wells Fargo; PT USD 33 (prev USD 31)
• Nucor (NUE) Upgraded from Sector Weight to Overweight at KeyBanc; PT USD 274
• Varonis Systems (VRNS) Upgraded from Equal Weight to Overweight at Stephens; PT USD 45 (prev USD 33)

DOWNGRADES

• Apogee Therapeutics (APGE) Downgraded to Neutral at Mizuho; PT USD 135
• Flowserve (FLS) Downgraded from Buy to Hold at TD Cowen; PT USD 70 (prev USD 85)
• Nuvalent (NUVL) Downgraded from Outperform to Market Perform at Bernstein SocGen Group; PT USD 124 (prev USD 172)
• Principal Financial Group (PFG) Downgraded from Neutral to Underperform at BofA Securities; PT USD 95 (prev USD 98)
• V2X (VVX) Downgraded from Outperform to Market Perform at Raymond James

INITIATIONS

• BlackBerry (BB) Initiated Buy at Stifel Canada; PT USD 12
• Barclays (BCS) Initiated Buy at Berenberg; PT USD 32.80
• Braze (BRZE) Initiated Buy at Goldman Sachs; PT USD 34
• Bitdeer Technologies (BTDR) Initiated Market Outperform at Citizens; PT USD 35
• CBIZ (CBZ) Initiated Outperform at Barrington Research; PT USD 45
• CleanSpark (CLSK) Initiated Market Outperform at Citizens; PT USD 27
• Klaviyo (KVYO) Initiated Buy at Goldman Sachs; PT USD 26
• Life Time Group (LTH) Initiated Buy at William O'Neil
• Lloyds Banking Group (LYG) Initiated Hold at Berenberg; PT USD 6.20
• MARA Holdings (MARA) Initiated Market Outperform at Citizens; PT USD 24
• Merck (MRK) Initiated Outperform at CICC; PT USD 138
• NatWest Group (NWG) Initiated Buy at Berenberg; PT USD 22.80
• OGE Energy (OGE) Initiated Equalweight at Morgan Stanley; PT USD 50
• PROCEPT BioRobotics (PRCT) Initiated Outperform at Evercore ISI; PT USD 30
• Sab Biotherapeutics (SABS) Initiated Overweight at Barclays; PT USD 13
• Take-Two Interactive (TTWO) Initiated Buy at BTIG; PT USD 290
• Twilio (TWLO) Initiated Buy at Goldman Sachs; PT USD 300
• United Bankshares (UBSI) Initiated Market Perform at Hovde Group; PT USD 49
• Zeta Global (ZETA) Initiated Neutral at Goldman Sachs; PT USD 28