US BROKER MOVES: ON upgraded at BofA; BBY double downgraded at Goldman Sachs

UPGRADES

• Arrow Electronics (ARW) Upgraded to Buy at Truist Secs; PT USD 183
• Avnet (AVT) Upgraded to Buy at Truist Secs; PT USD 80
• Bilibili (BILI) ADRs Upgraded to Overweight at Morgan Stanley; PT USD 31
• Blackstone (BX) Upgraded to Outperform at Oppenheimer; PT USD 154
• Chime Financial (CHYM) Upgraded to Buy at Compass Point; PT USD 27
• Constellation Brands (STZ) Upgraded to Buy at TD Cowen; PT USD 190
• Copa Holdings (CPA) Upgraded to Buy at Goldman; PT USD 138
• CoreWeave (CRWV) Upgraded to Outperform at Macquarie; PT USD 125
• Diodes (DIOD) Upgraded to Buy at Truist Secs; PT USD 98
• ON Semi (ON) Upgraded to Buy at BofA; PT USD 85
• Rexford Industrial (REXR) Upgraded to Outperform at Evercore ISI; PT USD 40
• Starbucks (SBUX) Upgraded to Hold at Jefferies; PT USD 92
• T-Mobile (TMUS) Upgraded to Overweight at KeyBanc; PT USD 260
• Tempus AI (TEM) Upgraded to Buy at TD Cowen; PT USD 65
• Viper Energy (VNOM) Upgraded to Buy at Jefferies; PT USD 55
• Williams-Sonoma (WSM) Upgraded to Buy at Goldman; PT USD 218

DOWNGRADES

• Best Buy (BBY) Downgraded to Sell at Goldman; PT USD 59
• Nebius Group (NBIS) Downgraded to Hold at Freedom Capital; PT USD 154
• Nike (NKE) Downgraded to Hold at HSBC; PT USD 48
• NXP Semi (NXPI) Downgraded to Neutral at BofA; PT USD 230
• Oshkosh (OSK) Downgraded to Neutral at Citi; PT USD 170
• Parsons (PSN) Downgraded to Neutral at Baird; PT USD 60
• Petco (WOOF) Downgraded to Neutral at Goldman; PT USD 3.83
• Replimune (REPL) Downgraded to Sell at HC Wainwright
• Replimune (REPL) Downgraded to Neutral at Wedbush; PT USD 2
• Replimune (REPL) Downgraded to Market Perform at Leerink; PT USD 2
• Replimune (REPL) Downgraded to Underweight at JPMorgan; PT USD 10
• Replimune (REPL) Downgraded to Underperform at BMO; PT USD 1
• Replimune (REPL) Downgraded to Neutral at Cantor
• Replimune (REPL) Downgraded to Neutral at Piper Sandler; PT USD 4
• Whitestone REIT (WSR) Downgraded to Neutral at Cantor; PT USD 19

INITIATIONS

• Adobe (ADBE) Initiated at New Neutral at BTIG
• Biohaven (BHVN) Reinstated Buy at Canaccord; PT USD 21
• Caris Life Sciences (CAI) Initiated at New Buy at Jefferies; PT USD 28
• Chime Financial (CHYM) Initiated at New Overweight at Wells Fargo; PT USD 25
• Coherent Corp (COHR) Initiated at New Buy at William O'Neil
• Credo Technology (CRDO) Initiated at New Buy at Jefferies; PT USD 175
• Figma (FIG) Initiated at New Neutral at BTIG
• Generate Biomedicines (GENB) Initiated at New Buy at HC Wainwright; PT USD 16
• Janus Living (JAN) Initiated at New Overweight at Cantor; PT USD 27
• Johnson Controls (JCI) Initiated at New Inline at Evercore ISI; PT USD 155
• Luckin Coffee (LKNCY) ADRs Initiated at New Strong Buy at Huachuang; PT USD 47.67
• Rollins (ROL) Initiated at New Hold at Loop Capital; PT USD 56
• SiNtx Technologies Inc (SINT) Initiated at New Buy at HC Wainwright; PT USD 10
• Sonida Senior Living (SNDA) Initiated at New Overweight at Cantor; PT USD 36
• Stryker (SYK) Initiated at New Outperform at Leerink; PT USD 410
• Tempus AI (TEM) Initiated at New Underperform at Jefferies; PT USD 35
• Veracyte (VCYT) Initiated at New Buy at Jefferies; PT USD 45
• Yum China (YUMC) Reinstated Accumulate at Zhongtai Securities
• Zimmer Biomet (ZBH) Initiated at New Market Perform at Leerink; PT USD 101