US BROKER MOVES: INVH upgraded at Wells Fargo; PFG downgraded at BofA
Newsquawk StaffPublished On the live feed at — 7 more headlines followed before this page went public
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US Building Permits Final (May) 1.41M vs. Exp. 1.413M (Prev. 1.423M)
US Building Permits MoM Final (May) M/M -0.9% vs. Exp. -0.7% (Prev. 4.4%)
US BROKER MOVES: INVH upgraded at Wells Fargo; PFG downgraded at BofA
UK Labour MP Carns is said to be waiting to speak with Burnham before ruling out a leadership challenge, iPaper's Donaldson reports
Qualcomm (QCOM) expects to issue up to 19.2mln shares of common stock to Modular equity owners as consideration
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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
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