US BROKER MOVES: SPOT upgraded at Citi; DLTR upgraded at CFRA

• Ameriprise (AMP) Upgraded to Neutral at Piper Sandler; PT USD 530
• Circle Internet (CRCL) Upgraded to Neutral at Compass Point; PT USD 60
• Deckers Outdoor (DECK) Upgraded to Outperform at KGI Securities; PT USD 129
• GE Vernova (GEV) Upgraded to Buy at Guggenheim; PT USD 910
• Globus Medical (GMED) Upgraded to Buy at Needham; PT USD 112
• Hexcel (HXL) Upgraded to Equal-Weight at Morgan Stanley; PT USD 90
• International Paper (IP) Upgraded to Equal-Weight at Wells Fargo
• Quest Diagnostics (DGX) Upgraded to Overweight at Barclays; PT USD 210
• Royalty Pharma (RPRX) Upgraded to Buy at UBS; PT USD 49
• Sandisk (SNDK) Upgraded to Outperform at Raymond James; PT USD 725
• Southwest Air (LUV) Upgraded to Outperform at BMO; PT USD 57.50
• Spotify (SPOT) Upgraded to Buy at Citi; PT USD 650
• Tal Education (TAL) ADRs Upgraded to Outperform at Macquarie; PT USD 18
• Valley National (VLY) Upgraded to Strong Buy at Raymond James; PT USD 15

• Arthur J Gallagher (AJG) Downgraded to Neutral at Cantor; PT USD 282
• Codere Online Luxembourg (CDRO) Downgraded to Hold at Stifel; PT USD 8.50
• Dollar Tree (DLTR) Downgraded to Sell at CFRA
• Fractyl Health (GUTS) Downgraded to Equal-Weight at Morgan Stanley; PT USD 2
• Gran Tierra (GTE) Downgraded to Hold at Canaccord; PT USD 5.92
• Kenvue (KVUE) Downgraded to Hold at Jefferies; PT USD 18
• PagSeguro (PAGS) Downgraded to Neutral at Banco BTG Pactual; PT USD 13
• Quince Therapeutics Inc (QNCX) Downgraded to Market Perform at Citizens
• Quince Therapeutics Inc (QNCX) Downgraded to Hold at Brookline Capital

• Arista Networks (ANET) Initiated at New Buy at William O'Neil
• Carlisle (CSL) Initiated at New Market Perform at William Blair
• Definium Therapeutics In (DFTX) Initiated at New Buy at Jefferies; PT USD 30
• Engene Holdings (ENGN) Initiated at New Buy at Jefferies; PT USD 28
• Figure Technology (FIGR) Initiated at New Buy at Texas Capital; PT USD 82
• Medtronic (MDT) Initiated at New Outperform at CICC; PT USD 121
• Pulse Biosciences (PLSE) Initiated at New Outperform at Mizuho Securities
• RenovoRx (RNXT) Initiated at New Buy at Jones; PT USD 8
• RxSight (RXST) Initiated at New Market Perform at William Blair

The upgrades for companies like Spot and Dollar Tree at Citi and CFRA, respectively, signal diverging sentiment in the market. While Dollar Tree's downgrade indicates a bearish outlook that could pressure its stock in the near term, the favorable upgrade for Spot may enhance its attractiveness to investors, reflecting confidence in its growth potential. These moves often influence sector dynamics and investor sentiment, particularly in the consumer staples and tech apparel sectors, which can have broader implications for related equities.