US BROKER MOVES: QCOM upgraded at Morgan Stanley, AFRM downgraded

UPGRADES

Xylem (XYL) Upgraded from Hold to Buy at Jefferies; PT USD 140 (prev USD 130)
Workday (WDAY) Upgraded from Neutral to Buy at Monness Crespi Hardt; PT USD 150
UWM Holdings (UWMC) Upgraded from Market Perform to Outperform at Keefe, Bruyette & Woods; PT USD 3.75 (prev USD 4.50)
Qualcomm (QCOM) Upgraded from Underweight to Equalweight at Morgan Stanley; PT USD 231 (prev USD 146)
Primoris Services (PRIM) Upgraded from Sell to Neutral at Goldman Sachs; PT USD 102 (prev USD 107)
Keurig Dr Pepper (KDP) Upgraded from Equalweight to Overweight at Barclays; PT USD 36 (prev USD 30)
ICON plc (ICLR) Upgraded from Sector Perform to Outperform at RBC Capital; PT USD 185 (prev USD 126)
Canadian National Railway (CNI) Upgraded from In Line to Outperform at Evercore ISI; PT USD 124 (prev USD 108)

DOWNGRADES

Tripadvisor (TRIP) Downgraded from Outperform to Neutral at ICBC International; PT USD 47.90
PVH Corp (PVH) Downgraded from Neutral to Underperform at BofA Securities; PT USD 70 (prev USD 90)
Identiv (INVE) Downgraded from Buy to Hold at Lake Street; PT USD 4 (prev USD 6)
Identiv (INVE) Downgraded from Buy to Hold at Craig-Hallum; PT USD 3.10
Brown-Forman (BF-B) Downgraded from Overweight to Equalweight at Barclays; PT USD 27
Ares Commercial Real Estate (ARI) Downgraded from Buy to Neutral at BTIG
Affirm Holdings (AFRM) Downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 79

INITIATIONS