US BROKER MOVES: OKLO upgraded at BofA; FDX downgraded at Rothschild & Co Redburn

UPGRADES

• Albemarle (ALB) Upgraded to Buy at Truist Secs; PT USD 205
• Alibaba (BABA) ADRs Upgraded to Buy at Arete; PT USD 190
• Alliant Energy (LNT) Upgraded to Equal-Weight at Barclays
• Apellis Pharma (APLS) Upgraded to Buy at BofA; PT USD 28
• ARM Holdings (ARM) ADRs Upgraded to Positive at Susquehanna; PT USD 150
• Auna (AUNA) Upgraded to Buy at HSBC; PT USD 6.90
• Biohaven (BHVN) Upgraded to Outperform at RBC; PT USD 22
• Brinker (EAT) Upgraded to Outperform at Raymond James; PT USD 195
• Carter's (CRI) Upgraded to Buy at Citi
• Intl Seaways (INSW) Upgraded to Buy at Pareto Securities; PT USD 64
• Invesco (IVZ) Upgraded to Outperform at RBC; PT USD 35
• Oklo (OKLO) Upgraded to Buy at BofA; PT USD 127
• Sally Beauty (SBH) Upgraded to Outperform at Raymond James; PT USD 19
• Watts Water (WTS) Upgraded to Overweight at KeyBanc; PT USD 340

DOWNGRADES

• ABM Industries (ABM) Downgraded to Hold at Truist Secs
• Afya (AFYA) Downgraded to Neutral at Banco BTG Pactual; PT USD 17
• Amgen (AMGN) Downgraded to Market Perform at Bernstein; PT USD 335
• APA Corp (APA) Downgraded to Underweight at Barclays
• Cheesecake Factory (CAKE) Downgraded to Market Perform at Raymond James
• CNX Resources (CNX) Downgraded to Underweight at Barclays
• Darden (DRI) Downgraded to Market Perform at Raymond James
• Dollar Tree (DLTR) Downgraded to Underperform at BNP Paribas
• FedEx (FDX) Downgraded to Neutral at Rothschild & Co Redburn; PT USD 271
• Kraft Heinz (KHC) Downgraded to Underperform at BNP Paribas; PT USD 22
• Mercer International (MERC) Downgraded to Sell at TD Cowen; PT USD 2.25
• Netflix (NFLX) Downgraded to Neutral at Fubon; PT USD 98
• RAPT Therapeutics (RAPT) Downgraded to Market Perform at Leerink; PT USD 58
• Southern Copper (SCCO) Downgraded to Sell at UBS; PT USD 148
• WillScot Holdings (WSC) Downgraded to Neutral at Baird; PT USD 23
• WM (WM) Downgraded to Sector Perform at Scotiabank; PT USD 250

INITIATIONS

• Alumis (ALMS) Initiated at New Buy at Chardan Capital Markets; PT USD 37
• Ametek (AME) Reinstated Buy at Deutsche Bank; PT USD 271
• Applied Digital (APLD) Initiated at New Buy at Texas Capital; PT USD 42
• Century Communities (CCS) Initiated at New Market Outperform at Citizens
• Credo Technology (CRDO) Initiated at New Neutral at Rosenblatt Securities Inc
• Crescent Biopharma (CBIO) Initiated at New Buy at Guggenheim; PT USD 35
• Fermi (FRMI) Initiated at New Buy at Texas Capital; PT USD 23
• National Energy Services (NESR) Initiated at New Buy at UBS; PT USD 25
• Occidental (OXY) Reinstated Equal-Weight at Barclays
• Pinnacle Financial Partners (PNFP) Initiated at New Buy at Deutsche Bank