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

UPGRADES

• 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

DOWNGRADES

• 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

INITIATIONS

• 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