US BROKER MOVES: STNG downgraded at BofA; Oppenheimer downgrades C, MS, GS, and BAC

UPGRADES

• Watts Water Technologies (WTS) Upgraded to Overweight at Barclays; PT USD 414 (prev USD 317)
• VersaBank (VBNK) Upgraded to Buy at Roth; PT USD 25 (prev USD 20)
• Texas Capital Bancshares (TCBI) Upgraded to Neutral at Citi; PT USD 105 (prev USD 96)
• Replimune Group (REPL) Upgraded to Outperform at BMO Capital; PT USD 16
• RB Global (RBA) Upgraded to Strong Buy at Raymond James; PT USD 145
• Qualys (QLYS) Upgraded to Neutral at JPMorgan; PT USD 139 (prev USD 87)
• Owens Corning (OC) Upgraded to Outperform at Evercore ISI; PT USD 188 (prev USD 139)
• Nutrien (NTR) Upgraded to Sector Outperform at Scotiabank; PT USD 80
• ICON plc (ICLR) Upgraded to Buy at Truist Securities; PT USD 207 (prev USD 159)
• Honeywell (HON) Upgraded to Outperform at Daiwa Securities; PT USD 255 (prev USD 240)
• Fortune Brands Innovations (FBIN) Upgraded to Buy at Truist Securities; PT USD 70
• Comcast (CMCSA) Upgraded to Buy at Rosenblatt; PT USD 31
• Comcast (CMCSA) Upgraded to Buy at Deutsche Bank; PT USD 32 (prev USD 34)
• CF Industries (CF) Upgraded to Sector Outperform at Scotiabank; PT USD 125 (prev USD 120)

DOWNGRADES

• The Trade Desk (TTD) Downgraded to Sell at Arete; PT USD 11.60
• Truist Financial (TFC) Downgraded to Neutral at Citi; PT USD 54 (prev USD 63)
• Bio-Techne (TECH) Downgraded to Hold at Benchmark
• Scorpio Tankers (STNG) Downgraded to Underperform at BofA Securities; PT USD 78 (prev USD 100)
• Olin (OLN) Downgraded to Underperform at BofA Securities; PT USD 21 (prev USD 32)
• Morgan Stanley (MS) Downgraded to Underperform at Oppenheimer
• Logitech (LOGI) Downgraded to Underperform at BofA Securities; PT USD 108 (prev USD 86)
• Goldman Sachs (GS) Downgraded to Underperform at Oppenheimer
• Globant (GLOB) Downgraded to Market Perform at William Blair
• Fortinet (FTNT) Downgraded to Reduce at HSBC; PT USD 102 (prev USD 98)
• Fox Factory Holding (FOXF) Downgraded to Underperform at BofA Securities; PT USD 20 (prev USD 24)
• Evolent Health (EVH) Downgraded to Hold at Truist Securities; PT USD 7
• Citigroup (C) Downgraded to Perform at Oppenheimer
• BankUnited (BKU) Downgraded to Sell at Citi; PT USD 45 (prev USD 50)
• Braskem (BAK) Downgraded to Neutral at JPMorgan
• Bank of America (BAC) Downgraded to Perform at Oppenheimer
• AAR Corp. (AIR) Downgraded to Sector Weight at KeyBanc

INITIATIONS

• Zurn Elkay Water Solutions (ZWS) Initiated Overweight at Barclays; PT USD 59
• Service Properties Trust (SVC) Initiated Buy at Ladenburg Thalmann; PT USD 2.25
• Mueller Water Products (MWA) Initiated Underweight at Barclays; PT USD 25
• Mid Penn Bancorp (MPB) Initiated Outperform at Raymond James; PT USD 38
• MKS Instruments (MKSI) Initiated Outperform at BMO Capital; PT USD 453
• First Community Bankshares (FCBC) Initiated Market Perform at Raymond James
• CenterPoint Energy (CNP) Initiated Neutral at BTIG
• American States Water (AWR) Initiated Hold at Freedom Broker; PT USD 77
• Aviat Networks (AVNW) Initiated Buy at Craig-Hallum; PT USD 36