US BROKER MOVES: TRIP upgraded at BofA; AGX upgraded at JPM

UPGRADES

Argan (AGX) Upgraded to Overweight at JPMorgan; PT USD 550
Brown-Forman (BF/B) Upgraded to Neutral at Citi; PT USD 28
Brown-Forman (BF/B) Upgraded to Neutral at JPMorgan; PT USD 27
Knight-Swift (KNX) Upgraded to Outperform at Evercore ISI; PT USD 65
PDD (PDD) ADRs Upgraded to Buy at Nomura
Phathom Pharma (PHAT) Upgraded to Overweight at Barclays; PT USD 18
Primo Brands (PRMB) Upgraded to Buy at Jefferies; PT USD 25
Quanta Services (PWR) Upgraded to Outperform at BMO; PT USD 650
SPX Technologies (SPXC) Upgraded to Buy at Truist Secs; PT USD 244
Teleflex (TFX) Upgraded to Outperform at Raymond James; PT USD 128
TripAdvisor (TRIP) Upgraded to Buy at BofA; PT USD 15

DOWNGRADES

Masimo (MASI) Downgraded to Market Perform at Raymond James
Terns (TERN) Downgraded to Market Perform at BMO; PT USD 53
Upstream Bio (UPB) Downgraded to Inline at Evercore ISI; PT USD 15

INITIATIONS

A2z Cust2Mate Solutions (AZ) Initiated at New Outperform at Northland
Ametek (AME) Reinstated Outperform at BMO; PT USD 253
Arcosa (ACA) Initiated at New Buy at Texas Capital; PT USD 125
AtaiBeckley (ATAI) Initiated at New Buy at Deutsche Bank; PT USD 12
Barclays (BCS) ADRs Initiated at New Outperform at BNP Paribas; PT USD 29.20
BioAge Labs (BIOA) Initiated at New Buy at Needham; PT USD 50
Dover (DOV) Reinstated Market Perform at BMO; PT USD 237
Eaton Corp (ETN) Initiated at New Outperform at BMO; PT USD 428
Emerson Electric (EMR) Initiated at New Market Perform at BMO; PT USD 150
FuboTV (FUBO) Initiated at New Buy at B Riley; PT USD 18
Honeywell (HON) Initiated at New Outperform at BMO; PT USD 273
HSBC (HSBC) ADRs Initiated at New Outperform at BNP Paribas; PT USD 100.50
Idex (IEX) Reinstated Market Perform at BMO; PT USD 214
ITT Inc. (ITT) Initiated at New Outperform at BMO; PT USD 233
Kyivstar Group (KYIV) Initiated at New Buy at Benchmark; PT USD 20
NatWest (NWG) ADRs Initiated at New Neutral at BNP Paribas; PT USD 17.90
NLight (LASR) Initiated at New Outperform at William Blair
Parker-Hannifin (PH) Reinstated Outperform at BMO; PT USD 1,090
Powell Industries (POWL) Initiated at New Buy at Texas Capital; PT USD 650
Santander (SAN) ADRs Initiated at New Outperform at BNP Paribas; PT USD 15.10
Sonida Senior Living (SNDA) Initiated at New Outperform at RBC; PT USD 39
SPX Technologies (SPXC) Initiated at New Outperform at BMO; PT USD 243
Thermo Fisher (TMO) Initiated at New Buy at DZ Bank; PT USD 610