US BROKER MOVES: LYV upgraded at Rothschild Redburn; DLTR downgraded at Citi

UPGRADES

Applied Optoelectronics (AAOI) upgraded from Sell to Neutral at B. Riley; PT USD 54 (from USD 15)
Arthur J. Gallagher (AJG) upgraded from Neutral to Outperform at Mizuho; PT USD 260 (from USD 277)
Aon (AON) upgraded from Neutral to Outperform at Mizuho; PT USD 397 (from USD 398)
Biodesix (BDSX) upgraded from Market Perform to Outperform at William Blair
Brown & Brown (BRO) upgraded from Neutral to Outperform at Mizuho; PT USD 85 (from USD 84)
Celsius (CELH) upgraded from Underperform to Buy at BofA Securities; PT USD 65 (from USD 45)
FIGS (FIGS) upgraded from Sector Weight to Overweight at KeyBanc; PT USD 17
FIGS (FIGS) upgraded from Sell to Neutral at Goldman Sachs; PT USD 14
Liberty Formula One (FWONK) upgraded from Underweight to Equal Weight at Wells Fargo; PT USD 95 (from USD 93)
HEICO (HEI) upgraded from Neutral to Outperform at BNP Paribas Exane
Honeywell (HON) upgraded from Peerperform to Outperform at Wolfe Research; PT USD 293
Installed Building Products (IBP) upgraded from Sell to Hold at Vertical Research; PT USD 326
Southwest Airlines (LUV) upgraded from Hold to Buy at TD Cowen; PT USD 66 (from USD 50)
Live Nation (LYV) upgraded from Neutral to Buy at Rothschild Redburn; PT USD 193 (from USD 166)
Newmont (NEM) upgraded from Market Perform to Outperform at Bernstein SocGen; PT USD 157 (from USD 121)
Netflix (NFLX) upgraded from Neutral to Buy at Arete
PubMatic (PUBM) upgraded from Neutral to Buy at B. Riley; PT USD 10.50 (from USD 10.00)
NuScale Power (SMR) upgraded from Market Perform to Outperform at Northland
Sun Communities (SUI) upgraded from Equal Weight to Overweight at Wells Fargo; PT USD 150
Block (XYZ) upgraded from Equalweight to Overweight at Morgan Stanley; PT USD 93 (from USD 72)

DOWNGRADES

Applied Optoelectronics (AAOI) downgraded from Outperform to Market Perform at Northland
American Homes 4 Rent (AMH) downgraded from Outperform to Market Perform at Raymond James
Cars.com (CARS) downgraded from Overweight to Neutral at JPMorgan; PT USD 10 (from USD 16)
Cava (CAVA) downgraded from Buy to Hold at Argus
Certara (CERT) downgraded from Buy to Hold at Craig-Hallum; PT USD 10
Chemed (CHE) downgraded from Outperform to Sector Perform at RBC Capital; PT USD 422 (from USD 572)
Dollar Tree (DLTR) downgraded from Buy to Neutral at Citi; PT USD 132
Dundee (DMGGF) downgraded from Buy to Neutral at H.C. Wainwright
Duolingo (DUOL) downgraded from Buy to Hold at China Merchants; PT USD 111
Duolingo (DUOL) downgraded from Buy to Neutral at Citi; PT USD 101 (from USD 270)
Duolingo (DUOL) downgraded from Outperform to In Line at Evercore ISI; PT USD 114 (from USD 330)
Duolingo (DUOL) downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 100 (from USD 245)
Duolingo (DUOL) downgraded from Overweight to Neutral at JPMorgan; PT USD 95
Duolingo (DUOL) downgraded from Sector Outperform to Sector Perform at Scotiabank; PT USD 100
Eagle Point Income (EIC) downgraded from Buy to Neutral at Ladenburg Thalmann
Equity LifeStyle (ELS) downgraded from Overweight to Equal Weight at Wells Fargo; PT USD 70
Eos Energy (EOSE) downgraded from Buy to Neutral at Guggenheim
Essex Property (ESS) downgraded from Outperform to Market Perform at Raymond James
Shift4 Payments (FOUR) downgraded from Buy to Hold at Freedom Capital; PT USD 60
Shift4 Payments (FOUR) downgraded from Buy to Neutral at Goldman Sachs; PT USD 56
Invitation Homes (INVH) downgraded from Outperform to Market Perform at Raymond James
MannKind (MNKD) downgraded from Outperform to Sector Perform at RBC Capital; PT USD 3.50 (from USD 7.50)
Marsh & McLennan (MRSH) downgraded from Outperform to Neutral at Mizuho; PT USD 199 (from USD 213)
National Western Life (NATL) downgraded from Buy to Neutral at DA Davidson; PT USD 50.00
National Western Life (NATL) downgraded from Outperform to Neutral at Wedbush; PT USD 50.40 (from USD 45.00)
NexPoint Residential (NXRT) downgraded from Market Perform to Underperform at Raymond James
OneStream (OS) downgraded from Buy to Neutral at BTIG
Synopsys (SNPS) downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 480 (from USD 550)
Sprout Social (SPT) downgraded from Buy to Hold at Canaccord; PT USD 9 (from USD 16)
Vital Farms (VITL) downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 24 (from USD 45)
Warner Bros Discovery (WBD) downgraded from Buy to Hold at Benchmark
Warner Bros Discovery (WBD) downgraded from Buy to Hold at Deutsche Bank; PT USD 31.00
Warner Bros Discovery (WBD) downgraded from Buy to Neutral at Arete; PT USD 31.25
Warner Bros Discovery (WBD) downgraded from Outperform to Underperform at Raymond James

INITIATIONS

Costco (COST) initiated at Buy at BofA Securities; PT USD 1,185
Palantir (PLTR) initiated at Buy at Rosenblatt; PT USD 150
Plexus (PLYX) initiated at Buy at Maxim Group; PT USD 10
Pelthos Therapeutics (PTHS) initiated at Overweight at Piper Sandler; PT USD 48
Revolution Medicines (RVMD) initiated at Buy at UBS; PT USD 145
Target (TGT) initiated at Underperform at BofA Securities; PT USD 103
Walmart (WMT) initiated at Buy at BofA Securities; PT USD 150