US BROKER MOVES: RTX upgraded at Jefferies; AVGO downgraded at Macquarie

UPGRADES

• Erasca (ERAS) Upgraded from Underperform to Neutral at BofA Securities; PT USD 16.00 (prev. USD 9.00)
• Essent Group (ESNT) Upgraded from Market Perform to Outperform at Keefe, Bruyette & Woods; PT USD 73.00
• Karat Packaging (KRT) Upgraded from Market Perform to Outperform at William Blair
• Murphy Oil (MUR) Upgraded from Sector Weight to Overweight at KeyBanc; PT USD 48.00
• Oscar Health (OSCR) Upgraded from Underweight to Equal Weight at Wells Fargo; PT USD 20.00 (prev. USD 11.00)
• RTX (RTX) Upgraded from Hold to Buy at Jefferies; PT USD 220.00 (prev. USD 210.00)
• UnitedHealth (UNH) Upgraded from Neutral to Buy at BofA Securities; PT USD 450.00 (prev. USD 420.00)
• Venture Global (VG) Upgraded from Neutral to Overweight at JPMorgan; PT USD 17.00 (prev. USD 16.00)
• Expro Group (XPRO) Upgraded from Neutral to Buy at Goldman Sachs; PT USD 19.00

DOWNGRADES

• ADC Therapeutics (ADCT) Downgraded from Outperform to Sector Perform at RBC Capital; PT USD 2.00 (prev. USD 6.00)
• Broadcom (AVGO) Downgraded from Outperform to Neutral at Macquarie; PT USD 437.00 (prev. USD 513.00)
• Commercial Metals (CMC) Downgraded from Overweight to Equal Weight at Wells Fargo; PT USD 77.00
• CMS Energy (CMS) Downgraded from Buy to Hold at Jefferies; PT USD 74.00 (prev. USD 88.00)
• EHang (EH) Downgraded from Buy to Neutral at UBS; PT USD 11.10 (prev. USD 21.00)
• Ollie’s Bargain Outlet (OLLI) Downgraded from Buy to Accumulate at Gordon Haskett; PT USD 90.00 (prev. USD 100.00)
• PVH (PVH) Downgraded from Outperform to In Line at Evercore ISI; PT USD 79.00 (prev. USD 95.00)

INITIATIONS

• Absci Corporation (ABSI) Initiated with Outperform at Leerink, PT USD 12/shr
• Axalta Coating Systems (AXTA) Initiated with Buy at Citi, PT USD 44/shr
• CoStar Group (CSGP) Initiated with Buy at Benchmark, PT USD 45/shr
• FDXF (FDXF) Initiated with Outperform at Evercore ISI, PT USD 168/shr
• FDXF (FDXF) Initiated with Outperform at Wolfe Research, PT USD 180/shr
• IRD (IRD) Initiated with Buy at Guggenheim, PT USD 16/shr
• Pulse Biosciences (PLSE) Initiated with Buy at Canaccord, PT USD 32/shr
• RADX (RADX) Initiated with Buy at H.C. Wainwright, PT USD 16/shr
• Sera Prognostics (SERA) Initiated with Buy at Craig-Hallum, PT USD 6/shr
• Sintx Technologies (SINT) Initiated with Buy at Maxim Group, PT USD 6/shr
• TMC the metals company (TMC) Initiated with Buy at Maxim Group, PT USD 10/shr