US BROKER MOVES: TSLA upgraded at JPM; WMT downgraded at Erste

UPGRADES

• AppLovin (APP) Upgraded from Neutral to Outperform at Edgewater Research
• Broadcom (AVGO) Upgraded to Buy at Erste Group; PT USD 418.91
• KANZHUN (BZ) Upgraded from Market Perform to Outperform at Bernstein SocGen Group; PT USD 18.00 (prev. USD 16.50)
• Chipotle Mexican Grill (CMG) Upgraded from Neutral to Overweight at JPMorgan; PT USD 35.00 (prev. USD 38.00)
• FormFactor (FORM) Upgraded from In Line to Outperform at Evercore ISI; PT USD 155.00
• Shutterstock (SSTK) Upgraded from Neutral to Buy at Citi; PT USD 7.00
• Tesla (TSLA) Upgraded from Sell to Hold at Erste Group
• Tesla (TSLA) Upgraded from Underweight to Neutral at JPMorgan; PT USD 475.00 (prev. USD 145.00)
• Unity Software (U) Upgraded from Neutral to Outperform at Edgewater Research

DOWNGRADES

• Cboe Global Markets (CBOE) Downgraded from Buy to Hold at Erste Group
• CME Group (CME) Downgraded from Buy to Hold at Erste Group
• CrowdStrike (CRWD) Downgraded from Buy to Hold at Berenberg; PT USD 720.00 (prev. USD 525.00)
• Fiserv (FISV) Downgraded from Neutral to Underperform at BNP Paribas Exane; PT USD 46.00
• lululemon athletica (LULU) Downgraded from Buy to Neutral at BTIG
• lululemon athletica (LULU) Downgraded from Outperform to Underperform at BNP Paribas Exane; PT USD 88.00
• Suncor Energy (SU) Downgraded from Buy to Neutral at Goldman Sachs; PT USD 72.00
• Walmart (WMT) Downgraded from Buy to Hold at Erste Group

INITIATIONS

• Airbnb (ABNB) Initiated with Outperform at CICC, PT USD 165/shr
• Armstrong World Industries (AWI) Initiated with Hold at Loop Capital
• Aurora Innovation (AUR) Initiated with Buy at Craig-Hallum, PT USD 18/shr
• Concentra Group (CON) Initiated with Buy at Goldman Sachs, PT USD 30/shr
• Coya Therapeutics (COYA) Initiated with Buy at Roth/MKM, PT USD 12/shr
• Cavco Industries (CVCO) Initiated with Buy at UBS, PT USD 700/shr
• Comfort Systems (FIX) Initiated with Buy at Erste Group
• Guardant Health (GH) Initiated with Buy at Goldman Sachs, PT USD 165/shr
• GRAIL (GRAL) Initiated with Neutral at Goldman Sachs, PT USD 60/shr
• KYIV (KYIV) Initiated with Equalweight at Morgan Stanley, PT USD 17/shr
• LifeStance Health (LFST) Initiated with Neutral at Goldman Sachs, PT USD 9/shr
• MasterBrand (MBC) Initiated with Hold at Loop Capital
• Natera (NTRA) Initiated with Neutral at Goldman Sachs, PT USD 245/shr
• Nvidia (NVDA) Initiated with Buy at China Renaissance
• Onto Innovation (ONTO) Initiated with Buy at Deutsche Bank, PT USD 350/shr
• Sotera Health (SHC) Initiated with Buy at Goldman Sachs, PT USD 20/shr
• Skyline Champion (SKY) Initiated with Buy at UBS, PT USD 93/shr
• Talphera (TLPH) Initiated with Buy at H.C. Wainwright