US BROKER MOVES: RKT upgraded at KBW; INCY downgraded at Jefferies

UPGRADES

Circle Internet Group (CRCL) upgraded from Hold to Buy at Clear Street; PT USD 136.00 (prev. USD 92.00)
Customers Bancorp (CUBI) upgraded from Underweight to Equal Weight at Stephens; PT USD 71.00
Ecolab (ECL) upgraded from Hold to Buy at Berenberg; PT USD 326.00 (prev. USD 300.00)
Intuit (INTU) upgraded from Underperform to Neutral at BNP Paribas Exane; PT USD 463.00
LifeMD (LFMD) upgraded from Neutral to Outperform at Mizuho; PT USD 8.00 (prev. USD 6.00)
PennyMac Financial Services (PFSI) upgraded from Market Perform to Outperform at KBW; PT USD 115.00
Rocket Companies (RKT) upgraded from Market Perform to Outperform at KBW; PT USD 22.00 (prev. USD 20.00)
SEACOR Marine (SMHI) upgraded from Neutral to Buy at Clarksons Platou; PT USD 10.00
Simply Good Foods (SMPL) upgraded from Neutral to Buy at Jefferies; PT USD 22.00 (prev. USD 23.00)
Upstart (UPST) upgraded from Neutral to Buy at BTIG; PT USD 43.00

DOWNGRADES

Adobe (ADBE) downgraded from Buy to Hold at Argus
Alnylam Pharmaceuticals (ALNY) downgraded from Buy to Hold at Jefferies; PT USD 330.00 (prev. USD 522.00)
HeartBeam (BEAT) downgraded from Buy to Speculative Buy at Benchmark; PT USD 8.00
DiDi Global (DIDIY) downgraded from Outperform to Neutral at Macquarie; PT USD 3.90 (prev. USD 9.30)
Hain Celestial (HAIN) downgraded from Equalweight to Underweight at Barclays; PT USD 0.50
Immunocore (IMCR) downgraded from Buy to Hold at Jefferies; PT USD 33.00 (prev. USD 48.00)
Incyte (INCY) downgraded from Buy to Hold at Jefferies; PT USD 94.00 (prev. USD 120.00)
KinderCare Learning (KLC) downgraded from Equalweight to Underweight at Barclays; PT USD 2.00
NewLake Capital Partners (NLCP) downgraded from Buy to Neutral at Compass Point; PT USD 15.00
BeOne Medicines (ONC) downgraded from Buy to Hold at Jefferies; PT USD 290.00 (prev. USD 420.00)
Qualcomm (QCOM) downgraded from Neutral to Sell at Seaport Global Securities
Summit Therapeutics (SMMT) downgraded from Buy to Hold at Jefferies; PT USD 15.00 (prev. USD 42.00)

INITIATIONS

Abivax (ABVX) initiated at Buy at Jefferies; PT USD 160.00
Alamo Group (ALG) initiated at Outperform at William Blair
Amalgamated Financial (AMAL) initiated at Neutral at Piper Sandler; PT USD 41.00
Bar Harbor Bankshares (BHB) initiated at Overweight at Piper Sandler; PT USD 38.00
Chain Bridge Bancorp (CBNA) initiated at Neutral at Piper Sandler; PT USD 39.00
Columbia Financial (CLBK) initiated at Neutral at Piper Sandler; PT USD 18.00
ConnectOne Bancorp (CNOB) initiated at Overweight at Piper Sandler; PT USD 31.00
Cohu (COHU) initiated at Outperform at Evercore ISI; PT USD 35.00
Dime Community Bancshares (DCOM) initiated at Overweight at Piper Sandler; PT USD 37.00
Design Therapeutics (DSGN) initiated at Buy at Jefferies; PT USD 15.00
Eastern Bankshares (EBC) initiated at Overweight at Piper Sandler; PT USD 23.00
Elevation Oncology (ELE) initiated at Buy at H.C. Wainwright
Eaton (ETN) initiated at Buy at Jefferies; PT USD 430.00
Fifth Third Bancorp (FITB) initiated at Overweight at JPMorgan; PT USD 50.50
Flagstar Financial (FLG) initiated at Overweight at Piper Sandler; PT USD 16.00
JFrog (FROG) initiated at Buy at Guggenheim; PT USD 60.00
Independent Bank Corp (INDB) initiated at Neutral at Piper Sandler; PT USD 84.00
Opus Genetics (IRD) initiated at Outperform at Oppenheimer; PT USD 10.00
Lindblad Expeditions (LIND) initiated at Outperform at Oppenheimer; PT USD 25.00
MediciNova (MNOV) initiated at Buy at H.C. Wainwright; PT USD 10.00
Northeast Bank (NBN) initiated at Overweight at Piper Sandler; PT USD 133.00
NBT Bancorp (NBTB) initiated at Overweight at Piper Sandler; PT USD 50.00
PayPoint (PAYP) initiated at Outperform at Macquarie; PT USD 22.90
Provident Financial Services (PFS) initiated at Overweight at Piper Sandler; PT USD 25.00
Peapack-Gladstone Financial (PGC) initiated at Overweight at Piper Sandler; PT USD 39.00
QXO (QXO) initiated at Outperform at BNP Paribas Exane; PT USD 30.00
Solid Power (SLDP) initiated at Buy at H.C. Wainwright; PT USD 7.00
Sun Bancorp (SUNB) initiated at Buy at Citi; PT USD 85.00
Sun Bancorp (SUNB) initiated at Underperform at BofA Securities; PT USD 62.00
Atlassian (TEAM) initiated at Outperform at BNP Paribas Exane; PT USD 95.00
Washington Trust Bancorp (WASH) initiated at Neutral at Piper Sandler; PT USD 32.00
Western New England Bancorp (WNEB) initiated at Neutral at Piper Sandler; PT USD 14.00
Zevra Therapeutics (ZVRA) initiated at Buy at BTIG; PT USD 23.00