US BROKER MOVES: LOW upgraded at Citi; GTM sees multiple downgrades

UPGRADES

Autodesk (ADSK) Upgraded to Buy at BofA; PT USD 300
Bentley Systems (BSY) Upgraded to Buy at BofA; PT USD 40
Celanese (CE) Upgraded to Overweight at JPMorgan; PT USD 68
Lowe's (LOW) Upgraded to Buy at Citi; PT USD 285
Matador Resources (MTDR) Upgraded to Buy at Truist Secs; PT USD 67
Seadrill (SDRL) Upgraded to Buy at Fearnley; PT USD 58

DOWNGRADES

Accuray (ARAY) Downgraded to Hold at Jefferies; PT 35 cents
Emerald Holding (EEX) Downgraded to Neutral at Rosenblatt Securities Inc
Gitlab (GTLB) Downgraded to Market Perform at Raymond James
LENZ Therapeutics Inc (LENZ) Downgraded to Neutral at Piper Sandler; PT USD 12
Toast (TOST) Downgraded to Neutral at Rothschild & Co Redburn; PT USD 35
United Parks & Resorts (PRKS) Downgraded to Hold at Stifel; PT USD 40
ZoomInfo (GTM) Downgraded to Hold at Canaccord; PT USD 5
ZoomInfo (GTM) Downgraded to Underweight at Piper Sandler; PT USD 4
ZoomInfo (GTM) Downgraded to Hold at Stifel; PT USD 4

INITIATIONS

Aevex (AVEX) Initiated at New Outperform at William Blair
Aevex (AVEX) Initiated at New Outperform at Raymond James; PT USD 35
Aevex (AVEX) Initiated at New Buy at Jefferies; PT USD 32
Aevex (AVEX) Initiated at New Outperform at Baird; PT USD 38
Aevex (AVEX) Initiated at New Outperform at RBC; PT USD 31
Aevex (AVEX) Initiated at New Overweight at JPMorgan; PT USD 33
Aevex (AVEX) Initiated at New Buy at Goldman; PT USD 34
Alamar Biosciences (ALMR) Initiated at New Outperform at Leerink; PT USD 35
Alamar Biosciences (ALMR) Initiated at New Buy at TD Cowen; PT USD 30
Alamar Biosciences (ALMR) Initiated at New Overweight at JPMorgan; PT USD 30
Alamar Biosciences (ALMR) Initiated at New Buy at Stifel; PT USD 28
Annexon (ANNX) Initiated at New Neutral at Goldman; PT USD 7
Chesapeake Utilities (CPK) Reinstated Equal-Weight at Wells Fargo
Design Therapeutics (DSGN) Initiated at New Overweight at Cantor
Dexcom (DXCM) Initiated at New Buy at Benchmark
Enliven Therapeutics (ELVN) Initiated at New Buy at Guggenheim; PT USD 80
Forum Markets (FRMM) Initiated at New Buy at Clear Street; PT USD 11
H2O America (HTO) Reinstated Equal-Weight at Wells Fargo; PT USD 60
Insulet (PODD) Initiated at New Buy at Benchmark
Kailera Therapeutics (KLRA) Initiated at New Outperform at Evercore ISI
Kailera Therapeutics (KLRA) Initiated at New Outperform at Leerink; PT USD 36
Kailera Therapeutics (KLRA) Initiated at New Buy at TD Cowen; PT USD 57
Kailera Therapeutics (KLRA) Initiated at New Outperform at William Blair
Kailera Therapeutics (KLRA) Initiated at New Buy at Jefferies; PT USD 48
Kailera Therapeutics (KLRA) Initiated at New Overweight at JPMorgan; PT USD 30
Lumentum (LITE) Initiated at New Buy at CTBC Securities; PT USD 1,250
MaxLinear (MXL) Reinstated Buy at Benchmark; PT USD 28
MiniMed Group (MMED) Initiated at New Buy at Benchmark
New Jersey Resources (NJR) Reinstated Overweight at Wells Fargo
Northwest Natural (NWN) Reinstated Underweight at Wells Fargo; PT USD 50
ONE Gas (OGS) Reinstated Underweight at Wells Fargo; PT USD 85
Palvella Therapeutics (PVLA) Initiated at New Overweight at Stephens; PT USD 220
Southwest Gas (SWX) Reinstated Overweight at Wells Fargo; PT USD 105
Spire (SR) Reinstated Overweight at Wells Fargo; PT USD 96
Sunbelt Rentals (SUNB) Initiated at New Outperform at Bernstein; PT USD 86
Tandem Diabetes (TNDM) Initiated at New Hold at Benchmark
UGI (UGI) Reinstated Overweight at Wells Fargo; PT USD 46
Unitil (UTL) Initiated at New Equal-Weight at Wells Fargo; PT USD 56
Varonis Systems (VRNS) Initiated at New Buy at Rosenblatt Securities Inc
Versant Media (VSNT) Initiated at New Neutral at JPMorgan; PT USD 43