US BROKER MOVES: TGT upgraded at Bernstein and Telsey; LZ downgraded at Barclays

UPGRADES

American Electric Power (AEP) upgraded from Neutral to Buy at Ladenburg Thalmann; PT USD 148
Cementos Pacasmayo (CPAC) upgraded from Underweight to Neutral at JPMorgan; PT USD 13 (from USD 7.50)
Dow (DOW) upgraded from Sector Weight to Overweight at KeyBanc; PT USD 38
LyondellBasell (LYB) upgraded from Sector Weight to Overweight at KeyBanc; PT USD 73
Intellia Therapeutics (NTLA) upgraded from Hold to Buy at Jones Trading; PT USD 29
Piper Sandler (PIPR) upgraded from Market Perform to Outperform at Northland
Ross Stores (ROST) upgraded from Market Perform to Outperform at Telsey; PT USD 240 (from USD 220)
Southern Co (SO) upgraded from Underweight to Sector Weight at KeyBanc
Sempra Energy (SRE) upgraded from Hold to Buy at Argus
Target (TGT) upgraded from Market Perform to Outperform at Telsey; PT USD 145 (from USD 110)
Target (TGT) upgraded from Underperform to Market Perform at Bernstein; PT USD 116 (from USD 91)
Asbury Automotive Group (ABG) initiated at Buy at BofA Securities; PT USD 255

DOWNGRADES

Avient (AVNT) downgraded from Overweight to Sector Weight at KeyBanc
CME Group (CME) downgraded from Buy to Hold at Argus
Cooper Companies (COO) downgraded from Buy to Neutral at Rothschild Redburn; PT USD 85 (from USD 92)
Alpha Tau Medical (DRTS) downgraded from Overweight to Neutral at Piper Sandler; PT USD 5
First Solar (FSLR) downgraded from Buy to Hold at GLJ Research
GitLab (GTLB) downgraded from Overweight to Neutral at Piper Sandler; PT USD 28 (from USD 55)
GXO Logistics (GXO) downgraded from Buy to Neutral at Goldman Sachs; PT USD 68
Iterum Therapeutics (ITRM) downgraded from Buy to Hold at Maxim Group
LegalZoom (LZ) downgraded from Equalweight to Underweight at Barclays; PT USD 6 (from USD 9)
Select Medical (SEM) downgraded from Buy to Hold at Benchmark
Select Medical (SEM) downgraded from Buy to Hold at Deutsche Bank; PT USD 16.50 (from USD 16.20)
Stabilis Solutions (SLNG) downgraded from Buy to Hold at Maxim Group
Theravance Biopharma (TBPH) downgraded from Buy to Neutral at B. Riley; PT USD 14 (from USD 28)
Vulcan Materials (VMC) downgraded from Overweight to Neutral at JPMorgan; PT USD 320 (from USD 335)
WEBTOON Entertainment (WBTN) downgraded from Buy to Hold at HSBC; PT USD 11.50

INITIATIONS

Adient (ADNT) initiated at Underperform at BofA Securities; PT USD 22
Aptiv (APTV) initiated at Buy at BofA Securities; PT USD 95
BorgWarner (BWA) initiated at Neutral at BofA Securities; PT USD 60
Chimerix (CHYM) initiated at Overweight at KeyBanc; PT USD 30
Dauch Corp. (DCH) initiated at Neutral at BofA Securities; PT USD 10
Ford Motor (F) initiated at Buy at BofA Securities; PT USD 17
General Motors (GM) initiated at Buy at BofA Securities; PT USD 105
Group 1 Automotive (GPI) initiated at Buy at BofA Securities; PT USD 430
Inhibikase Therapeutics (IKT) initiated at Buy at Ladenburg Thalmann; PT USD 4
Lithia Motors (LAD) initiated at Neutral at BofA Securities; PT USD 335
Lucid Group (LCID) initiated at Underperform at BofA Securities; PT USD 10
Lear (LEA) initiated at Neutral at BofA Securities; PT USD 137
Magna International (MGA) initiated at Buy at BofA Securities; PT USD 80
Roblox (RBLX) initiated at Neutral at DA Davidson; PT USD 65
Rivian Automotive (RIVN) initiated at Underperform at BofA Securities; PT USD 14
Sonic Automotive (SAH) initiated at Neutral at BofA Securities; PT USD 76
SPX Technologies (SPXC) initiated at Overweight at JPMorgan; PT USD 260
Protara Therapeutics (TARA) initiated at Overweight at JPMorgan; PT USD 27
Protara Therapeutics (TARA) initiated at Overweight at JPMorgan; PT USD 27
Terex (TEX) initiated at Neutral at JPMorgan; PT USD 76
Tesla (TSLA) initiated at Buy at BofA Securities; PT USD 460