US BROKER MOVES: NFLX upgraded at Phillip Securities; APP upgraded at Needham

• AppLovin (APP) Upgraded to Buy at Needham; PT USD 700
• Cisco (CSCO) Upgraded to Outperform at Evercore ISI; PT USD 100
• Cognizant (CTSH) Upgraded to Buy at Deutsche Bank; PT USD 100
• Corpay (CPAY) Upgraded to Overweight at Morgan Stanley; PT USD 379
• Meta (META) Upgraded to Buy at Rothschild & Co Redburn; PT USD 900
• Netflix (NFLX) Upgraded to Accumulate at Phillip Secs; PT USD 100
• Relay Therapeutics (RLAY) Upgraded to Outperform at Oppenheimer; PT USD 14
• Solventum (SOLV) Upgraded to Overweight at KeyBanc; PT USD 97
• Stewart Information (STC) Upgraded to Outperform at KBW; PT USD 81

• Amazon (AMZN) Downgraded to Accumulate at Phillip Secs; PT USD 290
• BOK Financial (BOKF) Downgraded to Neutral at DA Davidson; PT USD 135
• Clearwater Analytics (CWAN) Downgraded to Neutral at UBS; PT USD 24.55
• IO Biotech (IOBT) Downgraded to Neutral at Piper Sandler; PT 50 cents
• Lifetime Brands (LDOWNGRADED) Downgraded to Hold at Canaccord; PT USD 3.50
• Royal Gold (RGLD) Downgraded to Sector Perform at Scotiabank; PT USD 335
• Varonis Systems (VRNS) Downgraded to Equal-Weight at Morgan Stanley; PT USD 41

• AAR (AIR) Initiated at New Neutral at Goldman; PT USD 121
• AMD (AMD) Reinstated Buy at William O'Neil
• Belite Bio (BLTE) ADRs Initiated at New Buy at BofA; PT USD 195
• BKV (BKV) Initiated at New Buy at William O'Neil
• Chime Financial (CHYM) Initiated at New Neutral at Rothschild & Co Redburn
• Compass (COMP) Initiated at New Overweight at JPMorgan; PT USD 15
• Dutch Bros (BROS) Initiated at New Buy at Citi; PT USD 82
• Evercore (EVR) Initiated at New Buy at BofA; PT USD 435
• Exponent (EXPO) Initiated at New Overweight at JPMorgan; PT USD 100
• Fannie Mae (FNMA) Initiated at New Buy at BTIG; PT USD 20
• Freddie Mac (FMCC) Initiated at New Buy at BTIG; PT USD 20
• Lazard (LAZ) Initiated at New Buy at BofA; PT USD 65
• Moelis & Co (MC) Initiated at New Neutral at BofA; PT USD 81
• Piper Sandler (PIPR) Initiated at New Underperform at BofA; PT USD 385
• Verra Mobility (VRRM) Initiated at New Neutral at JPMorgan; PT USD 25
• Xylem (XYL) Initiated at New Outperform at William Blair

The upgrades for Netflix (NFLX) and AppLovin (APP) signal positive sentiment and potential upward movement in stock prices, particularly in the tech and entertainment sectors. Notably, the upgrade for NFLX to 'Accumulate' suggests analysts expect continued growth, which could influence investor sentiment and attract new buying interest amidst ongoing dynamics in the streaming industry.