US BROKER MOVES: STX upgraded at Susquehanna; HPQ downgraded at Barclays

UPGRADES

YETI Holdings (YETI) upgraded to Overweight at KeyBanc; PT USD 57
Seagate Technology (STX) upgraded to Neutral at Susquehanna; PT USD 280
Rocket Lab (RKLB) upgraded to Overweight at Morgan Stanley; PT USD 105
PepsiCo (PEP) upgraded to Outperform at BNP Paribas; PT USD 179
Monster Beverage (MNST) upgraded to Neutral at BNP Paribas; PT USD 77
MDA Space (MDA) upgraded to Overweight at Morgan Stanley; PT CAD 46
Honeywell (HON) upgraded to Overweight at JPMorgan; PT USD 255
Grab Holdings (GRAB) upgraded to Buy at HSBC; PT USD 6.20
Garmin (GRMN) upgraded to Equal-Weight at Barclays; PT USD 217
Enbridge (ENB) upgraded to Sector Outperform at Scotiabank; PT CAD 73
Dave & Buster’s (PLAY) upgraded to Buy at Benchmark; PT USD 30
Coupang (CPNG) upgraded to Buy at Deutsche Bank; PT USD 25
BioNTech ADRs (BNTX) upgraded to Buy at Goldman Sachs; PT USD 142
AutoNation (AN) upgraded to Overweight at JPMorgan; PT USD 235
Armour Residential (ARR) upgraded to Buy at Jones; PT USD 20.50

DOWNGRADES

Zegna Group (ZGN) downgraded to Neutral at BofA
Tractor Supply (TSCO) downgraded to Hold at Truist; PT USD 55
Sigma Lithium (SGML) downgraded to Hold at Canaccord; PT CAD 20.50
Shift4 Payments (FOUR) downgraded to Hold at Deutsche Bank
Petrobras ADRs (PBR) downgraded to Neutral at BTG Pactual; PT USD 15
Penumbra (PEN) downgraded to Neutral at Citi; PT USD 374
Penumbra (PEN) downgraded to Neutral at BTIG
Penumbra (PEN) downgraded to Hold at Nephron; PT USD 374
Penumbra (PEN) downgraded to Market Perform at Leerink; PT USD 374
Penumbra (PEN) downgraded to Hold at Truist; PT USD 374
OneStream (OS) downgraded to Underweight at JPMorgan; PT USD 24
Molson Coors (TAP) downgraded to Underperform at BNP Paribas; PT USD 40
MGM Resorts (MGM) downgraded to Underweight at Morgan Stanley; PT USD 33
Meritage Homes (MTH) downgraded to Neutral at BofA; PT USD 82
Melco Resorts ADRs (MLCO) downgraded to Neutral at JPMorgan; PT USD 7.70
Marriott Vacations (VAC) downgraded to Underweight at Morgan Stanley; PT USD 52
Mach Natural Resources (MNR) downgraded to Sector Weight at KeyBanc
Kraft Heinz (KHC) downgraded to Underweight at Morgan Stanley; PT USD 24
J.M. Smucker (SJM) downgraded to Equal-Weight at Morgan Stanley; PT USD 105
Iridium Communications (IRDM) downgraded to Equal-Weight at Morgan Stanley
HP Inc. (HPQ) downgraded to Sell at CFRA
HP Inc. (HPQ) downgraded to Underweight at Barclays; PT USD 18
Honest Co. (HNST) downgraded to Underweight at JPMorgan
Hilton Grand Vacations (HGV) downgraded to Equal-Weight at Morgan Stanley
Fortive (FTV) downgraded to Underweight at JPMorgan; PT USD 57
EOG Resources (EOG) downgraded to Sector Weight at KeyBanc
Eastman Chemical (EMN) downgraded to Sector Perform at RBC; PT USD 70
Devon Energy (DVN) downgraded to Sector Perform at Scotiabank; PT USD 41
ConocoPhillips (COP) downgraded to Underperform at BofA; PT USD 102
Clearwater Analytics (CWAN) downgraded to Neutral at D.A. Davidson; PT USD 24.55
Central Garden & Pet (CENT) downgraded to Underweight at JPMorgan; PT USD 28
Brown-Forman (BF/B) downgraded to Underperform at BNP Paribas
Baytex Energy (BTE) downgraded to Hold at TD Cowen; PT CAD 5
Afya (AFYA) downgraded to Neutral at UBS; PT USD 16
Acushnet (GOLF) downgraded to Sector Weight at KeyBanc
3M (MMM) downgraded to Neutral at JPMorgan; PT USD 182

INITIATIONS

Vulcan Materials (VMC) initiated at Buy at B. Riley; PT USD 345
Unity Software (U) initiated at Buy at Freedom Capital; PT USD 52
Staar Surgical (STAA) resumed at Underweight at Morgan Stanley; PT USD 13
Martin Marietta (MLM) initiated at Neutral at B. Riley; PT USD 700
Knife River (KNF) initiated at Buy at B. Riley; PT USD 92
Hesai Group ADRs (HSAI) initiated at Buy at William O’Neil
Fabrinet (FN) initiated at Buy at William O’Neil
Evercore (EVR) initiated at Buy at William O’Neil
Construction Partners (ROAD) initiated at Neutral at B. Riley; PT USD 117
Birkenstock (BIRK) initiated at Neutral at Seaport
Astera Labs (ALAB) initiated at Buy at President Capital Management
Arm Holdings ADRs (ARM) initiated at Outperform at Haitong