US BROKER MOVES: OXY double upgraded at Wells Fargo, GIS downgraded

• Aptiv (APTV) upgraded from Neutral to Buy at UBS; PT $97.00 (prev. $89.00)
• Bumble (BMBL) upgraded from Underweight to Neutral at JPMorgan
• Dow (DOW) upgraded from Neutral to Buy at Citi; PT $40.00 (prev. $28.00)
• Kinross Gold (KGC) upgraded from Sector Perform to Outperform at RBC Capital; PT $45.00
• LyondellBasell (LYB) upgraded from Neutral to Buy at Citi; PT $76.00 (prev. $49.00)
• Murphy Oil (MUR) upgraded from Neutral to Overweight at Piper Sandler; PT $41.00 (prev. $33.00)
• Nutrien (NTR) upgraded from Hold to Buy at Jefferies; PT $96.00 (prev. $74.00)
• Occidental Petroleum (OXY) upgraded from Neutral to Overweight at Piper Sandler; PT $66.00 (prev. $54.00)
• Occidental Petroleum (OXY) upgraded from Underweight to Overweight at Wells Fargo; PT $69.00 (prev. $47.00)
• Pampa Energia (PAM) upgraded from Hold to Buy at HSBC; PT $97.00 (prev. $88.00)
• UiPath (PATH) upgraded from Hold to Buy at Needham; PT $15.00
• Ryanair Holdings (RYAAY) upgraded from In Line to Outperform at Evercore ISI; PT $80.00 (prev. $75.00)
• SSR Mining (SSRM) upgraded from Neutral to Outperformer at CIBC; PT $48.00
• Target Hospitality (TH) upgraded from Hold to Buy at Texas Capital Securities; PT $12.00 (prev. $9.00)
• TPG RE Finance Trust (TRTX) upgraded from Market Perform to Market Outperform at Citizens; PT $10.00
• Petco Health and Wellness (WOOF) upgraded from Hold to Buy at Jefferies

• Conagra Brands (CAG) downgraded from Equal Weight to Underweight at Wells Fargo; PT $15.00 (prev. $20.00)
• Campbell’s (CPB) downgraded from Equal Weight to Underweight at Wells Fargo; PT $20.00 (prev. $28.00)
• Farmland Partners (FPI) downgraded from Outperform to Market Perform at Raymond James
• General Mills (GIS) downgraded from Equal Weight to Underweight at Wells Fargo; PT $35.00 (prev. $45.00)
• Generac Holdings (GNRC) downgraded from Buy to Neutral at Citi; PT $237.00 (prev. $207.00)
• MercadoLibre (MELI) downgraded from Overweight to Neutral at JPMorgan; PT $2,100.00 (prev. $2,650.00)
• Scorpio Tankers (STNG) downgraded from Buy to Hold at DNB Carnegie; PT $76.00
• Vale (VALE) downgraded from Outperform to Sector Perform at RBC Capital; PT $15.50 (prev. $14.50)
• Telefonica Brasil (VIV) downgraded from Overweight to Equalweight at Barclays; PT $16.00 (prev. $14.50)

• BWX Technologies (BWXT) initiated Buy at TD Cowen; PT $230.00
• Pathward Financial (CASH) initiated Overweight at Piper Sandler; PT $107.00
• Customers Bancorp (CUBI) initiated Overweight at Piper Sandler; PT $82.00
• Enovix (ENVX) initiated Neutral at BofA Securities; PT $6.00
• Ituran Location and Control (ITRN) initiated Buy at Maxim Group; PT $70.00
• Lear (LEA) initiated Sector Perform at RBC Capital; PT $135.00
• Prime Medicine (PRME) initiated Outperform at Oppenheimer; PT $11.00
• The Bancorp (TBBK) initiated Overweight at Piper Sandler; PT $66.00
• vTv Therapeutics (VTVT) initiated Outperform at Evercore ISI; PT $44.00

Wells Fargo's double upgrade of Occidental Petroleum (OXY) from Underweight to Overweight signals a significant shift in outlook, with a new price target that reflects stronger expected performance. In contrast, General Mills (GIS) facing a downgrade suggests concerns over its future growth prospects, impacting its valuation and potentially reflecting broader challenges in the packaged foods sector. Keep an eye on how these changes could influence sector sentiment and positioning, particularly in energy and food-related stocks.