US BROKER MOVES: SPOT upgraded at Rosenblatt; BF.B downgraded at JPM

UPGRADES

• Centene (CNC) Upgraded to Overweight at Cantor; PT USD 60
• Crane Co. (CR) Upgraded to Buy at Stifel; PT USD 215
• Elevance (ELV) Upgraded to Buy at BofA; PT USD 435
• Franklin Resources (BEN) Upgraded to Equal-Weight at Barclays; PT USD 31
• MaxLinear (MXL) Upgraded to Buy at Loop Capital; PT USD 75
• NeoGenomics (NEO) Upgraded to Buy at Benchmark; PT USD 11
• NeoGenomics (NEO) Upgraded to Outperform at Leerink; PT USD 25
• Qiagen (QGEN) Upgraded to Outperform at Baird; PT USD 43
• Radian (RDN) Upgraded to Buy at BofA
• Spotify (SPOT) Upgraded to Buy at Rosenblatt Securities Inc; PT USD 500
• Spotify (SPOT) Upgraded to Buy at Inderes; PT USD 570
• T-Mobile (TMUS) Upgraded to Outperform at Oppenheimer; PT USD 260
• Tamboran Resources (TBN) Upgraded to Outperform at RBC; PT USD 55
• Zeta (ZETA) Upgraded to Overweight at KeyBanc

DOWNGRADES

• Boston Scientific (BSX) Downgraded to Neutral at Daiwa; PT USD 60
• Brown-Forman (BF/B) Downgraded to Underweight at JPMorgan; PT USD 23
• Clearwater Paper (CLW) Downgraded to Hold at TD Cowen; PT USD 17
• MercadoLibre (MELI) Downgraded to Neutral at UBS; PT USD 2,050
• Purple Innovation (PRPL) Downgraded to Sector Weight at KeyBanc
• Qualys (QLYS) Downgraded to Market Perform at William Blair
• Rapid7 (RPD) Downgraded to Market Perform at William Blair
• StoneCo (STNE) Downgraded to Neutral at Goldman; PT USD 14
• Sysco (SYY) Downgraded to Hold at Deutsche Bank; PT USD 84
• Tenable (TENB) Downgraded to Market Perform at William Blair
• Universal Health (UHS) Downgraded to Market Perform at Raymond James

INITIATIONS

• Aktis Oncology (AKTS) Initiated at New Outperform at William Blair
• Alibaba (BABA) ADRs Initiated at New Outperform at BNP Paribas; PT USD 209
• Corbus Pharmaceuticals (CRBP) Initiated at New Buy at Guggenheim; PT USD 45
• Hennessy Capital Investment Corp. VII (HVIIU) Initiated at New Buy at Benchmark
• Legence (LGN) Initiated at New Buy at Loop Capital
• Nvidia (NVDA) Initiated at New Outperform at Safra; PT USD 300
• PicS (PICS) Initiated at New Buy at Banco BTG Pactual; PT USD 20