US BROKER MOVES: RBLX upgraded at TD Cowen despite earnings selloff; PSKY double upgraded at Morgan Stanley

UPGRADES

• Air Products (APD) Upgraded to Outperform at BMO; PT USD 360
• Caterpillar (CAT) Upgraded to Equal-Weight at Morgan Stanley; PT USD 915
• CNH Industrial (CNH) Upgraded to Outperform at Mediobanca SpA; PT USD 13
• Hershey (HSY) Upgraded to Buy at TD Cowen; PT USD 210
• Paramount (PSKY) Upgraded to Overweight at Morgan Stanley
• Pilgrim's Pride (PPC) Upgraded to Overweight at Barclays; PT USD 42
• Roblox (RBLX) Upgraded to Hold at TD Cowen
• Textron (TXT) Upgraded to Buy at TD Cowen; PT USD 115
• TKO (TKO) Upgraded to Overweight at Morgan Stanley
• Willis Towers (WTW) Upgraded to Outperform at BMO; PT USD 300

DOWNGRADES

• Avis Budget (CAR) Downgraded to Hold at Jefferies; PT USD 160
• Beacon Financial (BBT) Downgraded to Market Perform at Raymond James
• Check Point Software (CHKP) Downgraded to Neutral at Piper Sandler
• Elf Beauty (ELF) Downgraded to Equal-Weight at Morgan Stanley; PT USD 67
• First Interstate Banc (FIBK) Downgraded to Market Perform at KBW; PT USD 37
• KalVista (KALV) Downgraded to Neutral at HC Wainwright
• MGM Resorts (MGM) Downgraded to Hold at Jefferies; PT USD 44
• Roblox (RBLX) Downgraded to Market Perform at Raymond James
• Ryan Specialty (RYAN) Downgraded to Equal-Weight at Wells Fargo; PT USD 31
• Starbucks (SBUX) Downgraded to Hold at Punto Casa de Bolsa; PT USD 110
• Sunbelt Rentals (SUNB) Downgraded to Underweight at JPMorgan; PT USD 75
• Truist Financial (TFC) Downgraded to Neutral at Baird; PT USD 55

INITIATIONS

• Alpha & Omega Semi (AOSL) Initiated at New Strong Buy at Needham; PT USD 50
• Apogee Therapeutics (APGE) Initiated at New Buy at Rothschild & Co Redburn
• Arista Networks (ANET) Reinstated Buy at William O'Neil
• Arrowhead Pharma (ARWR) Initiated at New Overweight at JPMorgan; PT USD 88
• Artivion (AORT) Initiated at New Buy at Freedom Capital; PT USD 45
• Astera Labs (ALAB) Initiated at New Neutral at Rothschild & Co Redburn
• Ciena (CIEN) Initiated at New Neutral at Rothschild & Co Redburn; PT USD 416
• Coherent Corp (COHR) Initiated at New Buy at Rothschild & Co Redburn; PT USD 455
• Credo Technology (CRDO) Initiated at New Buy at Rothschild & Co Redburn
• Dutch Bros (BROS) Initiated at New Outperform at Oppenheimer; PT USD 72
• Evommune (EVMN) Initiated at New Buy at Stifel; PT USD 54
• Littelfuse (LFUS) Initiated at New Buy at Needham; PT USD 450
• Lumentum (LITE) Initiated at New Buy at Rothschild & Co Redburn; PT USD 1,270
• Lyell Immunopharma (LYEL) Initiated at New Outperform at Baird; PT USD 49
• Rubrik (RBRK) Initiated at New Outperform at Wolfe; PT USD 70
• Septerna (SEPN) Initiated at New Buy at Stifel; PT USD 43
• Suncrete (RMIX) Initiated at New Buy at Jefferies; PT USD 19