US BROKER MOVES: QCOM sees multiple upgrades after earnings, META downgraded at JPM

UPGRADES

• AbbVie (ABBV) Upgraded to Buy at BofA
• Acadia Realty (AKR) Upgraded to Buy at Ladenburg Thalmann; PT USD 24
• Blackbaud (BLKB) Upgraded to Outperform at Baird; PT USD 50
• Costamare (CMRE) Upgraded to Buy at Fearnley; PT USD 21
• Danaos (DAC) Upgraded to Buy at Fearnley; PT USD 174
• Equinix (EQIX) Upgraded to Strong Buy at Raymond James; PT USD 1,250
• Everus Construction Group (ECG) Upgraded to Buy at Guggenheim; PT USD 160
• Global Ship Lease (GSL) Upgraded to Buy at Fearnley; PT USD 51
• Hertz (HTZ) Upgraded to Neutral at Northcoast
• Lennox (LII) Upgraded to Buy at Vertical Research; PT USD 600
• Qualcomm (QCOM) Upgraded to Buy at Fubon; PT USD 195
• Qualcomm (QCOM) Upgraded to Buy at Summit Insights
• SiteOne Landscape (SITE) Upgraded to Buy at Deutsche Bank; PT USD 160
• Teradyne (TER) Upgraded to Overweight at JPMorgan; PT USD 400
• Xometry (XMTR) Upgraded to Overweight at Cantor; PT USD 62

DOWNGRADES

• Appian (APPN) Downgraded to Equal-Weight at Morgan Stanley; PT USD 25
• Constellium SE (CSTM) Downgraded to Neutral at JPMorgan; PT USD 34
• Expand Energy (EXE) Downgraded to Market Perform at William Blair
• GE Healthcare (GEHC) Downgraded to Neutral at Goldman; PT USD 65
• Kaiser Aluminum (KALU) Downgraded to Underweight at JPMorgan; PT USD 142
• KalVista (KALV) Downgraded to Neutral at Jones; PT USD 27
• KalVista (KALV) Downgraded to Market Perform at Leerink; PT USD 27
• Meta (META) Downgraded to Neutral at JPMorgan; PT USD 725
• MVB Financial (MVBF) Downgraded to Market Perform at Raymond James
• Oneok (OKE) Downgraded to Sector Perform at Scotiabank; PT USD 89
• Wingstop (WING) Downgraded to Neutral at Goldman; PT USD 190
• XOMA Royalty (XOMA) Downgraded to Neutral at HC Wainwright; PT USD 39

INITIATIONS

• AeroVironment (AVAV) Initiated at New Buy at Clear Street; PT USD 293
• Constellation Energy (CEG) US Initiated at New Buy at President Capital Management; PT USD 352
• Kosmos Energy (KOS) Initiated at New Buy at Pareto Securities; PT USD 3.60
• Kratos (KTOS) Initiated at New Buy at Clear Street; PT USD 82
• Mistras Group (MG) Initiated at New Buy at Roth Capital Partners; PT USD 22
• Palantir (PLTR) Initiated at New Outperform at Oppenheimer; PT USD 200
• Red Cat (RCAT) Initiated at New Buy at Clear Street; PT USD 22
• SharonAI (SHAZ) Initiated at New Buy at Unified Capital; PT USD 78.60
• Sutro Biopharma (STRO) Initiated at New Outperform at Mizuho Securities