US BROKER MOVES: NET upgraded at BTIG; LUMN downgraded at Raymond James

• Airbnb (ABNB) Upgraded to Market Outperform at Citizens; PT USD 160
• Booking (BKNG) Upgraded to Outperform at Mizuho Securities; PT USD 6,000
• Broadridge (BR) Upgraded to Buy at DA Davidson; PT USD 228
• Capri Holdings (CPRI) Upgraded to Outperform at Baird; PT USD 26
• Cloudflare (NET) Upgraded to Buy at BTIG; PT USD 199
• Devon (DVN) Upgraded to Overweight at Barclays; PT USD 50
• Enphase Energy (ENPH) Upgraded to Outperform at RBC; PT USD 54
• Enphase Energy (ENPH) Upgraded to Market Perform at BMO; PT USD 41
• Five Below (FIVE) Upgraded to Buy at BofA; PT USD 233
• GE Vernova (GEV) Upgraded to Outperform at Baird
• Lumentum (LITE) Upgraded to Buy at B Riley; PT USD 526
• NOV Inc. (NOV) Upgraded to Equal-Weight at Barclays; PT USD 20
• Omnicell (OMCL) Upgraded to Buy at BofA
• PayPal (PYPL) Upgraded to Neutral at Compass Point; PT USD 51
• Verisk (VRSK) Upgraded to Outperform at BMO; PT USD 233

• AES Corp (AES) Downgraded to Equal-Weight at Barclays; PT USD 15
• Alpha Metallurgical Resources Inc (AMR) Downgraded to Neutral at B Riley
• Booking (BKNG) Downgraded to Market Perform at Citizens
• CF Industries (CF) Downgraded to Sell at Rothschild & Co Redburn; PT USD 72
• Entegris (ENTG) Downgraded to Hold at Deutsche Bank; PT USD 105
• Himax Technologies (HIMX) ADRs Downgraded to Equal-Weight at Morgan Stanley
• Lumen Technologies (LUMN) Downgraded to Market Perform at Raymond James
• PayPal (PYPL) Downgraded to Hold at Canaccord; PT USD 42
• PayPal (PYPL) Downgraded to Hold at HSBC; PT USD 47
• PayPal (PYPL) Downgraded to Market Perform at Citizens
• Peakstone Realty Trust (PKST) Downgraded to Hold at Truist Secs; PT USD 21
• TransDigm (TDG) Downgraded to Neutral at Baird; PT USD 1,400
• Webster Financial (WBS) Downgraded to Hold at TD Cowen; PT USD 75
• Webster Financial (WBS) Downgraded to Hold at Jefferies; PT USD 75
• Webster Financial (WBS) Downgraded to Sector Perform at RBC; PT USD 75
• Webster Financial (WBS) Downgraded to Equal-Weight at Stephens; PT USD 73
• Webster Financial (WBS) Downgraded to Hold at Truist Secs; PT USD 74

• Alpine Income Property Trust (PINE) Initiated at New Overweight at Cantor
• BKV (BKV) Initiated at New Buy at SWS; PT USD 36
• CTO Realty (CTO) Initiated at New Overweight at Cantor; PT USD 20
• Global Net Lease (GNL) Initiated at New Overweight at Cantor; PT USD 11
• Kontoor Brands (KTB) Initiated at New Hold at Jefferies; PT USD 65
• Levi Strauss (LEVI) Initiated at New Buy at Jefferies; PT USD 25
• Modiv Industrial (MDV) Initiated at New Overweight at Cantor; PT USD 18
• Pagaya (PGY) Initiated at New Buy at Freedom Capital; PT USD 30
• SEI (SEIC) Initiated at New Buy at UBS; PT USD 115
• Whitestone REIT (WSR) Initiated at New Overweight at Cantor; PT USD 16

The upgrades for several stocks, particularly high-growth names like Airbnb and Enphase, suggest a bullish sentiment among analysts, indicating confidence in their near-term performance. Conversely, downgrades for companies like Lumen and PayPal reflect concerns over their growth prospects or competitive positioning. This divergence may influence sector sentiment and trading strategies going forward, potentially affecting related equities and ETFs.