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