US BROKER MOVES: MS upgraded at UBS; ARM downgraded at UBS

UPGRADES

Arista Networks (ANET) Upgraded to Buy at Rosenblatt Securities Inc
Associated Banc (ASB) Upgraded to Overweight at Barclays
Centerspace (CSR) Upgraded to Overweight at Piper Sandler; PT USD 72
East West Bancorp (EWBC) Upgraded to Buy at UBS; PT USD 125
FB Financial (FBK) Upgraded to Strong Buy at Raymond James; PT USD 62
Flagstar Bank (FLG) Upgraded to Buy at Truist Secs; PT USD 17
MercadoLibre (MELI) Upgraded to Buy at Jefferies
Morgan Stanley (MS) Upgraded to Buy at UBS; PT USD 196
Old Dominion (ODFL) Upgraded to Equal-Weight at Wells Fargo; PT USD 200
Q2 Holdings (QTWO) Upgraded to Outperform at Baird; PT USD 70
Rocket Lab (RKLB) Upgraded to Market Outperform at Citizens; PT USD 85
Third Coast (TCBX) Upgraded to Outperform at Raymond James; PT USD 45
Wingstop (WING) Upgraded to Buy at Citi; PT USD 230

DOWNGRADES

Adecoagro (AGRO) Downgraded to Neutral at Banco BTG Pactual; PT USD 16
ARM Holdings (ARM) ADRs Downgraded to Equal-Weight at Morgan Stanley; PT USD 150
Bio-Rad (BIO) Downgraded to Neutral at Citi; PT USD 300
D.R. Horton (DHI) Downgraded to Neutral at Seaport Global Securities
Equinix (EQIX) Downgraded to Sector Perform at Scotiabank; PT USD 1,050
First Horizon (FHN) Downgraded to Neutral at UBS
First Interstate Banc (FIBK) Downgraded to Sell at UBS; PT USD 30
Insulet (PODD) Downgraded to Neutral at Citi; PT USD 230
KB Home (KBH) Downgraded to Sell at Seaport Global Securities; PT USD 43
Lennar (LEN) Downgraded to Sell at Seaport Global Securities; PT USD 74
LSB Industries (LXU) Downgraded to Sector Perform at RBC; PT USD 14
M/I Homes (MHO) Downgraded to Neutral at Seaport Global Securities
NVR (NVR) Downgraded to Sell at Seaport Global Securities; PT USD 5,664
Park Hotels (PK) Downgraded to Equal-Weight at Barclays; PT USD 9
PulteGroup (PHM) Downgraded to Sell at Seaport Global Securities; PT USD 100
Red River (RRBI) Downgraded to Market Perform at Raymond James
Soleno (SLNO) Downgraded to Hold at TD Cowen; PT USD 53
Soleno (SLNO) Downgraded to Hold at Stifel; PT USD 53
Soleno (SLNO) Downgraded to Market Perform at Oppenheimer
Soleno (SLNO) Downgraded to Neutral at Baird; PT USD 53
Taylor Morrison (TMHC) Downgraded to Sell at Seaport Global Securities; PT USD 49
Toll Brothers (TOL) Downgraded to Neutral at Seaport Global Securities
TopBuild (BLD) Downgraded to Neutral at Seaport Global Securities
Tractor Supply (TSCO) Downgraded to Neutral at BofA; PT USD 47
Wix.com (WIX) Downgraded to Market Perform at Citizens

INITIATIONS

CAAP (CAAP) Initiated at New Outperform at Grupo Santander; PT USD 36
Equillium (EQ) Initiated at New Overweight at Cantor; PT USD 10
Forum Markets (FRMM) Initiated at New Speculative Buy at Benchmark; PT USD 5
Generali (G IM) ADRs Initiated at New Underperform at BNP Paribas; PT USD 18
Madison Square Garden Entertainment (MSGE) Initiated at New Buy at BTIG
MapLight Therapeutics (MPLT) Initiated at New Buy at TD Cowen
National Fuel Gas (NFG) Initiated at New Overweight at KeyBanc; PT USD 110
Navan (NAVN) Initiated at New Buy at BofA; PT USD 17
PayPay (PAYP) ADRs Initiated at New Buy at Goldman; PT USD 29
Permian Resources (PR) Initiated at New Overweight at KeyBanc; PT USD 25
PicS (PICS) Initiated at New Outperform at Bradesco BBI; PT USD 21
Quad/Graphics (QUAD) Initiated at New Buy at Benchmark; PT USD 10
Rank One Computing (ROC) Initiated at New Buy at Benchmark; PT USD 9
Sharplink (SBET) Initiated at New Buy at HC Wainwright; PT USD 10
Sutro Biopharma (STRO) Initiated at New Outperform at Leerink; PT USD 38